The global pet industry is poised to increase from $320 billion today to almost $500 billion by 2030, according to a recent report by Bloomberg Intelligence (BI).
The report says the growth can be attributed to an expanding pet population worldwide, and the importance now given to companion animals.
The Philippines is an emerging market for the rising pet economy. Over the past five years, more Filipinos added pets to their homes–especially during the pandemic – which led to a significant increase in sales of pet food.
ADM’s pet nutrition business joined the recent 28th Philippine Animal Hospital Association (PAHA) Conference at Marriott Hotel Manila where more than 1,000 veterinarians and animal experts learned about the latest developments in veterinary medicine and pet nutrition.
Clare Torralba, director of Pet Nutrition APeC at ADM, stressed that “ADM understands the emerging pet economy and we are here to support the industry, mainly through our product innovations and high-quality pet food.”
ADM will also engage in activities that will guide its growing customer base within the region. “We are committed to helping consumers learn how to care for their pets in achieving lifelong health and wellness as well as companionship. We will also continue supporting our farmers and utilizing their produce to manufacture our premium pet food. In terms of science and proper nutrition,ADM will continue to provide and incorporate the company’s latest findings and technology through our products,” Torralba said.
ADM is the manufacturing company behind Ganador Premium Dog Food, Minino Yum Cat Food and Equilbrio range of products. These are premium pet food formulated to meet the needs of cats and dogs according to their life stage, size and specific conditions. ADM’s Ganador Premium Dog Food and Minino Yum Cat Food have experienced a triple-digit market growth in the Philippines over the last year.
ADM creates competitive solutions by connecting consumer trends with forward-thinking science to unlock growth. With a focus on research, product development, food safety and targeted solutions, ADM’s commitment to pet nutrition continues to grow along with the rapidly evolving pet products market.
ADM unlocks the power of nature to enrich the quality of life.
“We’re a premier global human and animal nutrition company, blazing new trails in health and well-being as our scientists develop products to support healthier living. We’re a cutting-edge innovator leading the way to a new future of plant-based consumer and industrial solutions to replace petroleum-based products. We’re an unmatched agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. And we’re a leader in sustainability, scaling across entire value chains to help decarbonize our industry and safeguard our planet,” Toralba said.