Global Pet Food Market Insights, Growth, Share, Size: By Pet Type, By Type, By Form, By Distribution Channel, By Region & Segmental Forecast, 2023-2031, Comparative Analysis and Trends
- Industry: Food & Beverages
- Report ID: TNR-110-1047
- Number of Pages: 420
- Table/Charts : Yes
- December, 2023
- Base Year : 2024
- No. of Companies : 15+
- No. of Countries : 29
- Views : 10294
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
Global Pet Food Market was Valued at US$ 104.5 Bn in 2022, Growing at an Estimated CAGR of 5% During 2023 – 2031.
Pet food refers to any commercially produced food specifically formulated and intended for the consumption of domesticated animals kept as pets. It’s nutritionally balanced and designed to meet the dietary needs of various pets, including dogs, cats, birds, fish, small mammals like rabbits or hamsters, and reptiles.
Pet food market has been experiencing a surge in demand due to several interrelated factors that have reshaped consumer preferences and the perception of pets within households.
- Humanization of Pets: Pets are increasingly considered integral family members, leading to a shift in attitudes toward their care and nutrition. Owners now seek pet food that mirrors their own dietary choices, focusing on health, wellness, and quality ingredients.
- Premiumization and Specialization: There’s a growing inclination toward premium and specialized pet food products. This trend is driven by the desire to provide pets with higher-quality nutrition, catering to specific dietary needs based on age, breed, or health conditions.
- Health and Wellness Concerns: Parallel to the human health and wellness movement, pet owners are prioritizing their pets’ health. They seek pet food that contains natural, organic, and functional ingredients, free from artificial additives, and aimed at enhancing overall well-being, boosting the demand of pet food market.
- Increased Pet Ownership: The rise in pet ownership globally, especially among urban populations, has significantly contributed to the increased demand for pet food. As more households adopt pets, the need for reliable and nutritious food options grows.
- E-commerce Growth: The proliferation of online retail channels has expanded access to a wide range of pet food products. Convenience, competitive pricing, and a broader product selection available through online platforms is fuelling the pet food market‘s growth.
- Educational Efforts: Increased awareness campaigns by pet food manufacturers, veterinarians, and animal welfare organizations have educated pet owners about the significance of balanced nutrition, prompting them to seek healthier food choices for their pets.
- Innovative Product Offerings: Companies are continually innovating to meet evolving consumer demands. This includes the introduction of novel ingredients, customized diet plans, and eco-friendly packaging, aligning with the sustainability concerns of modern consumers.
- Cultural Shifts: Changes in lifestyle and cultural norms have influenced pet ownership patterns, with more people living alone or in smaller households, leading to pets serving as companions and, consequently, driving the demand for higher-quality pet food.
Global Pet Food Market Revenue & Forecast, (US$ Million), 2015 – 2031
Medicated pet food is specially formulated to address specific health concerns in pets, often containing medicinal or therapeutic additives prescribed by veterinarians. These foods cater to conditions like obesity, urinary tract problems, allergies, liver issues and joint issues amongst others. They include prescription diets, supplements, and formulations approved by veterinarians. The demand for these types of pet food has grown as pet owners seek solutions to manage their pets’ health issues, contributing to a notable segment within the pet food market.
Non-medicated category typically dominates the pet food market due to its broader appeal to a wider demographic of pet owners who prioritize providing their pets with a well-rounded, nutritionally balanced diet. It encompasses regular commercial options available in various forms such as dry kibble, wet/canned food, and treats. These foods aim to provide balanced nutrition for pets without specific health needs. The demand for non-medicated pet food remains high due to its convenience, general health maintenance, and the variety of flavors and formulations available.
North American pet food market serves as a cornerstone of the global pet care industry, representing a substantial segment within the region’s consumer goods landscape. Encompassing both the United States and Canada, this market has witnessed remarkable growth and evolution over recent years. It has been reported that American households consistently spend billions annually on pet food, with figures surpassing $30 billion in recent years, reflecting a steady and significant increase in spending on pet nutrition. Additionally, Both the U.S. and Canada share a culture that emphasizes pet companionship, resulting in robust demand for diverse pet food options, contributing to the overall growth of the North American market.
Moreover, the pet food market’s growth is fueled by innovation and a wide array of product offerings. Manufacturers continually introduce new formulations, flavors, and nutritional profiles to meet the diverse preferences and needs of pet owners. This includes an expansive range of dry food, wet food, treats, and specialized diets tailored to different pet types, life stages, and dietary preferences. Thus, North American pet food market remains dynamic, buoyed by evolving consumer preferences, a commitment to pet health and wellness, and a thriving landscape of innovative products catering to the diverse needs of pet owners across the region.
Competitive Landscape: Global Pet Food Market
- ALPHIA
- Champion Petfoods
- Fold Hill Foods Ltd
- Freshpet
- General Mills
- Hill’s Pet Nutrition, Inc
- KLN Family Brands (Tuffy’s Pet Food)
- Mars
- Merrick Pet Care
- NATURE’S VARIETY
- Nestle Purina
- SCHELL & KAMPETER, INC.( Diamond Pet Foods)
- Simmons Foods, Inc.
- Sunshine Mills Inc.
- The J.M. Smucker Company
- Wellness Pet Company
- Other Market Participants
Global Pet Food Market
Report Specifications | Details |
Market Revenue in 2022 | US$ 104.5 Bn |
Market Size Forecast by 2031 | US$ 142.1 Bn |
Growth Rate (CAGR) | 5% |
Historic Data | 2015 – 2021 |
Base Year for Estimation | 2022 |
Forecast Period | 2023 – 2031 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Pet Type, By Type, By Form, By Distribution Channel |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | ALPHIA, Champion Petfoods, Fold Hill Foods Ltd, Freshpet, General Mills, Hill’s Pet Nutrition, Inc, KLN Family Brands (Tuffy’s Pet Food), Mars, Merrick Pet Care, NATURE’S VARIETY, Nestle Purina, SCHELL & KAMPETER, INC. (Diamond Pet Foods), Simmons Foods, Inc., Sunshine Mills Inc., The J.M. Smucker Company, Wellness Pet Company, Other Market Participants |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
Japan (Toll-Free): – +81 663-386-8111 South Korea (Toll-Free): – +82-808- 703-126 Saudi Arabia (Toll-Free): – +966 800 850 1643 United States: +1 302-232-5106 United Kingdom: +447537105080 E-mail: askanexpert@thenicheresearch.com
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Global Pet Food Market Scope
By Pet Type
- Dogs
-
- Puppy
- Adult(1+ years)
- Mature(7+ years)
- Senior(11+ years)
- Cats
- Kitten
- Adult(1+ years)
- Mature(7+ years)
- Senior(11+ years)
- Fish
- Birds
- Others
By Type
- Medicated
- Non-Medicated
By Form
- Wet
- Dry
- Semi- Moist
- Fresh
- Baked
- Others
By Distribution Channel
- Online
-
- Manufacturers Website
- E-commerce website
- Offline
-
- Supermarket and Hypermarket
- Retail Stores
- Veterinary Clinics and Hospitals
- Others
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Report Coverage and Deliverables:
Table of Contents
Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion.
**Exclusive for Multi-User and Enterprise User.
Global Pet Food Market Scope
By Pet Type
By Type
By Form
By Distribution Channel
By Region
The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.
Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.
Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.
Our data validation standards are integral to ensuring the reliability and accuracy of our research findings. Here’s a breakdown of our data validation processes and the stakeholders we engage with during our primary research:
- Supply Side Analysis: We initiate a supply side analysis by directly contacting market participants, through telephonic interviews and questionnaires containing both open-ended and close-ended questions. We gather information on their portfolios, segment revenues, developments, and growth strategies.
- Demand Side Analysis: To gain insights into adoption trends and consumer preferences, we reach out to target customers and users (non-vendors). This information forms a vital part of the qualitative analysis section of our reports, covering market dynamics, adoption trends, consumer behavior, spending patterns, and other related aspects.
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The forecasts we provide are based on a comprehensive assessment of various factors, including:
- Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
- Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
- Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
- Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
- New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
- Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
- End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
- Perspective of Primary Participants: Insights gathered directly from primary research participants play a crucial role in shaping our forecasts. Their perspectives and experiences provide valuable qualitative data.
- Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.
Research process adopted by TNR involves multiple stages, including data collection, validation, quality checks, and presentation. It’s crucial that the data and information we provide add value to your existing market understanding and expertise. We have also established partnerships with business consulting, research, and survey organizations across regions and globally to collaborate on regional analysis and data validation, ensuring the highest level of accuracy and reliability in our reports.