Report Details

Food & Beverages

Pet Food Market Size, Share & Analysis By Animal Type (Dogs, Cats, Fish, Birds, Others), By Form (Dry Food, Wet Food, Snacks and Treats, Others), By Source (Animal, Plant), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Pet Food Stores, Online Channels, Others), By Regional Outlook, Competitive Landscape And Forecast, 2032

By Type : Dogs, Cats, Fish, Birds, Others

By Application : Dry Food, Wet Food, Snacks and Treats, Others

ID: XI595166 | Published: Sep 2023 | Pages: 170 | Format: Electronic (PDF) | Industry: Food & Beverages

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Pet Food Market Overview 2023:

The global pet food market size was USD 632.23 billion in 2022 and is expected to register a rapid CAGR over the forecast period. Key factors such as rising population of dogs, cats, and other pets, increasing adoption of companion animals across the globe, and increasing demand for high-quality and nutrient-rich pet food are expected to drive global market growth during the forecast period.

In recent years, there has been a rapid increase in the adoption of various types of pets such as dogs, cats, rodents, fish, reptiles, and birds across the globe due to increasing urbanization and pet humanization. Most pet owners treat their pets as family members and focus equally on their health and nutrition. This has encouraged them to opt for high-quality and nutritious pet food. Pet food is an animal feed typically sold in pet stores and supermarkets, intended for consumption by different pets.

Pet food comes in various types including dry form, canned/wet form, semi-post, raw, freeze-dried, or snacks and treats, formulated with different ingredients such as meat, fish, vegetables, grains, and fruits each designed to meet the nutritional needs and preferences of different animals. These products are highly nutritious and sourced from certain plants or animals. The demand for different types of pet food products has significantly increased due to growing concerns about pet health and rising awareness about the overall wellness of pets.

However, many pet care products are costly. This has also resulted in rising production of counterfeit products, resulting in lowered adoption of the original food.

Key Takeaways:

Increasing Online Sales and High Focus on Product Innovation:

The rise of online shopping platforms enables pet food companies to reach more audiences and offer personalized products. This is a key factor expected to drive global market growth during the forecast period. In addition, companies are heavily investing in R&D activities to develop novel formulations, flavors, and types of pet foods.

Rising Sustainability Concerns and Consumer Misinformation:

Meeting sustainability demand through ethical sourcing practices while maintaining affordability and quality can be challenging. This is expected to limit the adoption of certain pet food products among the eco-conscious populace. In addition, misleading claims and false advertising about certain ingredients and products can wear away consumer trust and impact sales.

Market Opportunities:

The global pet food market is expected to continue growing in the coming years due to several factors and open new avenues for businesses, investors, and entrepreneurs to develop premium and specialized products, functional ingredients, and nutraceuticals and focus on innovative packaging and formats to cater to rising consumer demand.

Animal Type Outlook:

Based on animal type, the global market is segmented into dogs, cats, rodents, fish, birds, and others. Among these, the dog segment is expected to account for a significantly larger revenue share during the forecast period. This can be attributed to growing adoption of various types of dogs as compared to other pets, changing consumer preference from home-cooked food to commercial pet food, increasing availability of various types of dog food products, and rising investments in R&D investments to develop novel and healthier formulations.

Form Outlook:

The global market is segmented into dry food, wet food, snacks and treats, and others based on food form. The dry food segment is expected to register robust revenue CAGR over the forecast period as dry-form products provide higher convenience and better shelf life as compared to wet food. In addition, many dry pet food products are pocket-friendly and preferred by pet owners.

Regional Outlook:

The North America market is expected to dominate other markets during the forecast period. This growth can be significantly driven by factors such as presence of strong pet ownership culture, high disposable income, and rising focus on pet health and nutrition. In addition, presence of leading pet food companies, rising demand for premium and specialized pet food products, and increasing investments in R&D activities to develop novel and innovative pet food formulations are expected to drive North America market growth during the forecast period.

Report Coverage:  

Report Details  Outcome
 Base Year for Estimation  2022
 Historical Data  2018-2021
 Forecast Period  2023-2032
 Segments Covered:  Animal Type, Form, Source, Distribution Channel And Region
 By Animal Type  Dogs, Cats, Fish, Birds, Others
 By Form  Dry Food, Wet Food, Snacks and Treats, Others 
 By Source  Animal, Plant
 By Distribution Channel  Supermarkets/Hypermarkets, Specialty Pet Food Stores, Online Channels, Others
 Regional Scope  North America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Country Scope  United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Southeast Asia, India, Mexico, Brazil, Saudi Arabia, UAE, Turkey
 Qualitative Info  •Value Chain Analysis
 •Pricing Analysis
 •Regional Outlook
 •Market Trends
 •Market Share Analysis
 •Competition Analysis
 •Technological Advancements
 Key Players  The J.M Smucker Company, Nestle Purina, Mars, Incorporated, LUPUS Alimentos, Total Alimentos, Hill’s Pet Nutrition, Inc., WellPell LLC, The Hartz Mountain Corporation, Nestle, SA., Colgate-Palmolive Company, Diamond Pet Food, Merrick Pet Care, Inc.
 Customization Scope  10 Hours of Free Customization and Expert Consultation


Competitive Landscape:

The global Pet Food market is extremely competitive, comprising several key regional and global players. Leading key players are focused on adopting various strategic alliances like mergers and acquisitions, partnerships, joint ventures, collaborations, and product launches to maintain their global position and enhance their product offerings. They are also focused on innovation, and scalability, adapting to evolving technology trends and consumer needs.

Some Leading Market Companies Listed in the Report:

  • The J.M Smucker Company
  • Nestle Purina
  • Mars, Incorporated
  • LUPUS Alimentos
  • Total Alimentos
  • Hill’s Pet Nutrition, Inc.
  • WellPell LLC
  • The Hartz Mountain Corporation
  • Nestle, SA.
  • Colgate-Palmolive Company
  • Diamond Pet Food
  • Merrick Pet Care, Inc.

Pet Food Industry Recent Developments:

  • In October 2023, Prime100, a 100% Australian-made, and owned pet nutrition brand partnered with Tetra Pack, a leading F&B packaging and processing company to launch sustainable pet food products.
  • In September 2023, Omni, a UK-based Vegan pet food company announced the launch of its first-ever meat-like wet vegan product.
  • In December 2022, Mankind Pharma announced its entry into pet care segment with the launch of the PetStar brand.

The global pet food market has been segmented based on animal type, form, source, distribution channel, and region:

By Animal Type:

  • Dogs
  • Cats
  • Rodents
  • Fish
  • Birds
  • Others

By Form:

  • Dry Food
  • Wet Food
  • Snacks and Treats
  • Others

By Source:

  • Animal
  • Plant

By Distribution Channel:

  • Supermarkets/Hypermarkets
  • Specialty Pet Food Stores
  • Online Channels
  • Others

By Region:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
    • Nordic Countries
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Southeast Asia
    • India
    • Australia
    • Rest of Asia
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • UAE
    • Rest of MEA

FAQ

The Pet Food market research report includes specific segments by region (country), i.e. North America, Europe, Asia Pacific, South America, Middle East and Africa

The Pet Food market report provides global companies with an opportunity to enter new markets, invest in new sectors, analyze consumer reactions, investigate global competition, and ultimately make smart investments.

Pet Food report covers the latest market developments in terms of acquisitions, growth strategies, joint ventures and collaborations, new product launches, and more on industry.

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Chapter 1. Methodology and Scope

1.1. Methodology Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. Secondary Sources
1.2.3. Third-party Perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data Analysis Models
1.4. Market Formulation & Data Visualization
1.5. Research Scope & Assumptions

Chapter 2. Executive Summary

2.1. Pet Food Market- Industry Snapshot, 2018 - 2032

Chapter 3. Pet Food Market Variables, Trends & Scope

3.1. Market Size and Growth Prospects, 2023-2032
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Penetration & Growth Prospect Mapping
3.5. Business Environment Analysis Tools
3.5.1. Industry Analysis - Porter's Five Forces Analysis
3.5.2. PEST Analysis
3.5.3. COVID-19 Impact Analysis

Chapter 4. Pet Food Market Type Outlook 2023-2032 (USD Million)

Chapter 5. Pet Food Market Application Outlook 2023-2032(USD Million)

Chapter 6: Coronavirus Diseases (COVID-19) Impact:

6.1. Introduction
6.2 Current and Future Impact Analysis
6.3 Economic Impact Analysis
6.4 Investment Scenario

Chapter 7. North America Pet Food Market Share by Region, 2023 & 2032 (USD Million)

7.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
7.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
7.4.1. U.S.
7.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
7.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7.4.1.3 Market Estimates and Forecast by Application, 2023-2032 (USD Million)

7. 4.2. Canada
7. 4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
7. 4.2.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7. 4.2.3 Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 8. Europe Pet Food Market Share by Region, 2023 & 2032 (USD Million)

8.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
8.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
8.4.1. Germany
8.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
8.4.2. France
8.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.2.3. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.2.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.3. UK
8.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.2.3.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.4. Italy
8.4.4.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.4.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.5. Russia
8.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.5.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.6. Nordic Countries
8.4.6.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.6.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.6.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.7. Rest of Europe
8.4.7.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.7.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.7.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 9. Asia Pacific Pet Food Market Share by Region, 2023 & 2032 (USD Million)

9.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
9.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.1. China
9.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.2. Japan
9.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.2.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.3. South Korea
9.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.3.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.4. India
9.4.4.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.4.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.5. Australia
9.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.5.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.6. Rest of Asia Pacific
9.4.6.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.6.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.6.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 10. Latin America Pet Food Market Share by Region, 2023 & 2032 (USD Million)

10.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
10.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
10.4.1. Mexico
10.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
10.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
10.4.2. Brazil
10.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
10.4.2.2 Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
10.4.3 Rest of Latin America
10.4.3.1 Market Estimates and Forecast 2023-2032 (USD Million)
10.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.3.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 11. Middle East and Africa Pet Food Market Share by Region, 2023 & 2032 (USD Million)

11.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
11.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million
11.4.1 Turkey
11.4.1.1 Market Estimates and Forecast 2023-2032 (USD Million)
11.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.4.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.2. Saudi Arabia
11.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.2.2 Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.3 UAE
11.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.4.1. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.5. Rest of MEA
11.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.5.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 12 Pet Food Market Competitive Landscape

  • The J.M Smucker Company
  • Nestle Purina
  • Mars, Incorporated
  • LUPUS Alimentos
  • Total Alimentos
  • Hill’s Pet Nutrition, Inc.
  • WellPell LLC
  • The Hartz Mountain Corporation
  • Nestle, SA.
  • Colgate-Palmolive Company
  • Diamond Pet Food
  • Merrick Pet Care, Inc.

Table & Figure

  • The J.M Smucker Company
  • Nestle Purina
  • Mars, Incorporated
  • LUPUS Alimentos
  • Total Alimentos
  • Hill’s Pet Nutrition, Inc.
  • WellPell LLC
  • The Hartz Mountain Corporation
  • Nestle, SA.
  • Colgate-Palmolive Company
  • Diamond Pet Food
  • Merrick Pet Care, Inc.

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