Navigating the various legalities of functional pet ingredients and food can be challenging, but knowing what you need to pay attention to is a good place to start.
Astrid860; I iStock.com
Imagine a world where every bite you take not only satiates your hunger but also enhances your health. Welcome to the realm of functional foods, a rapidly expanding market that's revolutionizing our plates and our health. In 2022, this burgeoning industry raked in a staggering US$305 billion globally, and according to Precedent Research, it's set to nearly double by 2032.
But this isn't just a human phenomenon; our furry friends are also getting a taste of this health-boosting trend. Pet parents, eager to offer their pets the same health benefits, are driving the global functional pet food market. Valued at US$1.8 billion in 2022, Market World Reports predicts the segment will skyrocket to US$5.1 billion by 2028.
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