Global Functional Pet Food Market to reach USD 3.6 billion by 2027The market is anticipated to grow with a healthy growth rate of more than 8.5 % over the forecast period 2021-2027. Functional pet foods are specialty feed formulations supplemented with natural ingredients that are targeted to provide health benefits for pet. Prebiotics, probiotics omega-3 fatty acids, enzymes and nucleotides are the key important ingredients playing a role in pet animals' health care. Dental health, weight management digestive health, and immune system boosting are key operational areas of interest for pet owners. Functional pet foods also help in disease prevention and treatment for dogs and cats. Development of personalized and customized functional ingredients is expected to fuel the Functional Pet Food Market .For instance, PetCo's veterinary diet assist to enhance dogs and cats' immune systems and promotes healthy fur.Moreover several key players are taking strategic initiatives to expand their presence in the market for instance, in October 2020, Nestl?(C) Purina PetCar invested an estimated USD 450 million to open a new factory in Eden, North Carolina, aimed to meet increasing demand for its nutritious pet foods. Similarly, in May 2021, Scoular launched barley-based protein source for aquaculture and pet food. However, lack of proper regulatory environment may impede market growth over the forecast period of 2021-2027. Whereas, trend of functional dog food is expected to create lucrative growth prospects in the market over the forecast period.

The regional analysis of the global Functional Pet Food Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). Europe has gained great momentum in the functional pet food market and is likely to develop at a significant CAGR over the forecast period. Significant increases in pet ownership in European countries such as Russia, Germany, Spain, and Italy, as well as an increase in pet owners' spending power, are some of the primary drivers of the functional pet food market growth in Europe.
Major market player included in this report are:
DAR PRO Ingredients
Kerry Group
Archer-Daniels-Midland Company
The Scoular Company
Roquette Freres
Isonova Technologies LLC
PDM Group (Prosper De Mulder Ltd)
Nestle Purina PetCare Company
Petcurean Pet Nutrition USA Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Pet:
Dog
Cat
Others
By Source :
Organic
Conventional
By Application :
Bone health
Brain health
Obesity
Heart health
Other
By Distribution Channel:
Pet Stores
Pharmacies
Veterinary Clinics
Online stores
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018-19
Base year - 2019-2020
Forecast period - 2021 to 2027.

Target Audience of the Global Functional Pet Food Market Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors