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GLOBAL PET FOOD MARKET FORECAST 2022-2030

In terms of revenue, the global pet food market was valued at $106.90 billion in 2021 and is expected to reach $204.60 billion by 2030, growing at a CAGR of 7.56% during the forecast period. The pet food market consists of food sold for pets and associated with manufacturing cat and dog food and other animal food from ingredients such as grains, oilseed mill products, and meat products. The industry includes establishments that produce dog food, cat food, and other animal food.

Pet foods are specialty foods prepared in accordance with the nutritional requirements of domesticated animals. These entail either plant or animal-based food materials.

GLOBAL PET FOOD MARKET FORECAST 2022-2030

Global Pet Food Market by Food Type (Dry Pet Food, Wet Pet Food, Other Pet Food Types) Market by Animal Type (Dogs, Cats, Other Animals) Market by Distribution Channels (Store Based, Veterinary, E-commerce, Other Distribution Channels) by Geography

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In terms of revenue, the global pet food market was valued at $106.90 billion in 2021 and is expected to reach $204.60 billion by 2030, growing at a CAGR of 7.56% during the forecast period. The pet food market consists of food sold for pets and associated with manufacturing cat and dog food and other animal food from ingredients such as grains, oilseed mill products, and meat products. The industry includes establishments that produce dog food, cat food, and other animal food.

Pet foods are specialty foods prepared in accordance with the nutritional requirements of domesticated animals. These entail either plant or animal-based food materials.

Pet Food Market

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Key enablers of the global pet food market growth are:

  • High demand for premium and organic pet food
    • The demand for premium and organic pet food is on the surge due to the pet owners’ concern for their pets’ health. For instance, with the increasing trend of vegan food among people worldwide, pet owners are opting for vegan and organic pet food for their companions.
    • Organic pet foods have no artificial colors, flavors, antibiotics, synthetic hormones, toxic pesticides, or preservatives. Additionally, premium pet foods contain higher quality ingredients than generic pet foods. Companies manufacture formulation of the premium pet foods according to an animal’s nutritional necessities while keeping in mind the special diets required for pets.
  • Increase in consumer spending on pet food
  • Surging importance of pets in families

Key growth restraining factors:

  • High cost of raw materials
    • Due to the COVID-19 pandemic, exporting countries like China, Germany, and the United Kingdom faced pork shortages due to sanitary challenges. Furthermore, the supply chain disruption of raw materials has affected the pet food market. This is because these are the main ingredients required for producing pet food of all kinds, including dry, wet, treats & mixers, for pets like dogs, cats, birds, fish, reptiles, etc.
    • The top exporting countries face a shortage of flour, the key ingredient in organic and vegan pet foods. Given the pandemic impact, the top manufacturing countries like the US are now facing shipping issues, which have increased the prices of pet food.

The report on the global pet food market includes the segmentation analysis on the basis of food type, animal type, and distribution channels.

Market by Distribution Channels:

  • Store Based
  • Veterinary
  • E-Commerce
    • E-commerce is the fastest-growing distribution channel.
    • The easy accessibility of pet food on various online platforms transitioning from modern trade to online buying options, aids in expanding the global pet food market. In addition, the growing saturation of retail sales has amplified the development of the pet food market.
    • In addition, physical constraints have been removed due to the readily available pet food on e-commerce platforms.
  • Other Distribution Channels

Geographically, the global pet food market has been segmented on the basis of four major regions, which includes:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Russia, Belgium, Poland, and Rest of Europe
  • Asia Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Taiwan, Australia & New Zealand, and Rest of Asia-Pacific
    • Asia-Pacific is the fastest-growing region in the global pet food market, projected to grow at a CAGR of 9.58%. The growing population encompassing increased elderly population, and youth population without children in need of a companion, drive market growth.
    • The rising focus on nutrition and supplements of pets and the natural product base contribute to market growth in Asia.
    • The other growth factors include the increasing pet humanization with a focus on functional products and premium pet food.
  • Rest of World: Latin America, Middle East & Africa

The major players in the global pet food market are:

  • Mars PetCare Ltd
  • The J M Smucker Company
  • Hill’s Pet Nutrition
  • Blue Buffalo Pet Products Inc

Key strategies adopted by some of these companies:

In June 2021, Hill’s Pet Nutrition opened the new nutrition innovation center worth $30 million with a land coverage of 25,000 square feet. The innovation center will focus on small dogs’ needs, and it will be an Engagement Center for veterinarians and pet caregivers. Nestle Purina PetCare announced the completion of an expansion project in Dunkirk, New York in, May 2021. The manufacturing and production center will focus on Fancy Feast Savory Cravings, and a new cat treats innovation that will boost the production and functioning of the company in the US, and it has a market value of $ 19 million.

Key findings of the global pet food market:

  • Pet humanization is becoming a prominent trend in the pet food industry. This is because it stimulates different ideas that lead to the possibility of a novel advanced product.
  • Pet owners are looking for sustainable and value-driven brands. Beyond ingredients and packaging, consumers have been attracted to mission-driven brands to reduce their carbon footprint and contribute towards a more sustainable future.
  • The pandemic made people stay at home alone and raised the need for a companion, especially among the young generation. Therefore, pet adoption has become a key trend in the pet industry worldwide

Frequently Asked Questions (FAQs):

  • What are the potential drivers of the global pet food market?

A: The potential drivers of the global pet food market are the substantial increase in pet food expenditure, the shift from mass products to organic pet food ingredients, and the acceptance of insect-based protein and oil.

  • Which is the fastest-growing product type in the global pet food market?

A: Wet Food is the fastest-growing product type in the global pet food market.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • HIGH DEMAND FOR PREMIUM AND ORGANIC PET FOOD
        • INCREASING CONSUMER SPENDING ON PET FOOD
        • SURGING IMPORTANCE OF PETS IN FAMILIES
      • KEY RESTRAINTS
        • HIGH COST OF RAW MATERIALS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON GLOBAL PET FOOD MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
      • KEY BUYING CRITERIA
      • REGULATORY FRAMEWORK
    2. MARKET BY FOOD TYPE
      • DRY PET FOOD
      • WET PET FOOD
      • OTHER PET FOOD TYPES
    3. MARKET BY ANIMAL TYPE
      • DOGS
      • CATS
      • OTHER ANIMALS
    4. MARKET BY DISTRIBUTION CHANNELS
      • STORE BASED
      • VETERINARY
      • E-COMMERCE
      • OTHER DISTRIBUTION CHANNELS
    5. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • BELGIUM
          • POLAND
          • REST OF EUROPE
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • TAIWAN
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
      • REST OF WORLD
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • REGIONAL ANALYSIS
          • LATIN AMERICA
          • MIDDLE EAST & AFRICA
    1. COMPETITIVE LANDSCAPE
      • MARKET SHARE ANALYSIS
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • AFFINITY PETCARE INC
        • BLUE BUFFALO PET PRODUCTS INC
        • CHAMPION PETFOODS LP
        • DIAMOND PET FOODS
        • FARMINA PET FOODS
        • FRESHPET INC
        • HILL’S PET NUTRITION INC
        • INABA FOODS CO LTD
        • MARS PETCARE LTD
        • NESTLE PURINA PETCARE LTD
        • SPECTRUM BRANDS HOLDINGS INC
        • THE JM SMUCKER COMPANY
        • UNICHARM CORPORATION
        • VITAKRAFT PET CARE GMBH & CO KG
        • WELL PET LLC

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – GLOBAL PET FOOD

    TABLE 2: GLOBAL PET FOOD MARKET, BY E-COMMERCE, 2021-2030 (IN $ MILLION)

    TABLE 3: REGULATORY FRAMEWORK

    TABLE 4: GLOBAL PET FOOD MARKET, BY FOOD TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: GLOBAL PET FOOD MARKET, BY FOOD TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: GLOBAL DRY PET FOOD MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: GLOBAL DRY PET FOOD MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: GLOBAL WET PET FOOD MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: GLOBAL WET PET FOOD MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: GLOBAL OTHER PET FOOD TYPES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11: GLOBAL OTHER PET FOOD TYPES MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 12: GLOBAL PET FOOD MARKET, BY ANIMAL TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 13: GLOBAL PET FOOD MARKET, BY ANIMAL TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 14: GLOBAL DOG PET FOOD MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 15: GLOBAL DOG PET FOOD MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 16: GLOBAL CAT PET FOOD MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 17: GLOBAL CAT PET FOOD MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 18: GLOBAL OTHER ANIMALS PET FOOD MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 19: GLOBAL OTHER ANIMALS PET FOOD MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 20: GLOBAL PET FOOD MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 21: GLOBAL PET FOOD MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 22: GLOBAL STORE BASED MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 23: GLOBAL STORE BASED MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 24: GLOBAL VETERINARY MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 25: GLOBAL VETERINARY MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 26: GLOBAL E-COMMERCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 27: GLOBAL E-COMMERCE MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 28: GLOBAL OTHER DISTRIBUTION CHANNELS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 29: GLOBAL OTHER DISTRIBUTION CHANNELS MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 30: GLOBAL PET FOOD MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 31: GLOBAL PET FOOD MARKET, BY GEOGRAPHY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 32: NORTH AMERICA PET FOOD MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 33: NORTH AMERICA PET FOOD MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 34: LEADING PLAYERS OPERATING IN NORTH AMERICA PET FOOD MARKET

    TABLE 35: EUROPE PET FOOD MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 36: EUROPE PET FOOD MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 37: LEADING PLAYERS OPERATING IN EUROPE PET FOOD MARKET

    TABLE 38: ASIA-PACIFIC PET FOOD MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 39: ASIA-PACIFIC PET FOOD MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 40: LEADING PLAYERS OPERATING IN ASIA-PACIFIC GLOBAL PET FOOD MARKET

    TABLE 41: REST OF WORLD PET FOOD MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 42: REST OF WORLD PET FOOD MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 43: LEADING PLAYERS OPERATING IN REST OF WORLD GLOBAL PET FOOD MARKET

    TABLE 44: PET FOOD MARKET SHARE ANALYSIS, 2020 (IN %)

    TABLE 45: LIST OF MERGERS & ACQUISITIONS

    TABLE 46: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 47: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: KEY BUYING CRITERIA

    FIGURE 7: GLOBAL PET FOOD MARKET, GROWTH POTENTIAL, BY FOOD TYPE, IN 2021

    FIGURE 8: GLOBAL PET FOOD MARKET, BY DRY PET FOOD, 2022-2030 (IN $ MILLION)

    FIGURE 9: GLOBAL PET FOOD MARKET, BY WET PET FOOD, 2022-2030 (IN $ MILLION)

    FIGURE 10: GLOBAL PET FOOD MARKET, BY OTHER PET FOOD TYPES, 2022-2030 (IN $ MILLION)

    FIGURE 11: GLOBAL PET FOOD MARKET, GROWTH POTENTIAL, BY ANIMAL TYPE, IN 2021

    FIGURE 12: GLOBAL PET FOOD MARKET, BY DOG PET FOOD, 2022-2030 (IN $ MILLION)

    FIGURE 13: GLOBAL PET FOOD MARKET, BY CAT PET FOOD, 2022-2030 (IN $ MILLION)

    FIGURE 14: GLOBAL PET FOOD MARKET, BY OTHER ANIMALS PET FOOD, 2022-2030 (IN $ MILLION)

    FIGURE 15: GLOBAL PET FOOD MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2021

    FIGURE 16: GLOBAL PET FOOD MARKET, BY STORE BASED, 2022-2030 (IN $ MILLION)

    FIGURE 17: GLOBAL PET FOOD MARKET, BY VETERINARY, 2022-2030 (IN $ MILLION)

    FIGURE 18: GLOBAL PET FOOD MARKET, BY E-COMMERCE, 2022-2030 (IN $ MILLION)

    FIGURE 19: E-COMMERCE NET SALES IN UNITED STATES OF AMERICA, 2020 (IN $ MILLION)

    FIGURE 20: GLOBAL PET FOOD MARKET, BY OTHER DISTRIBUTION CHANNELS, 2022-2030 (IN $ MILLION)

    FIGURE 21: GLOBAL PET FOOD MARKET, REGIONAL OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 22: NORTH AMERICA PET FOOD MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 23: UNITED STATES PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 24: CANADA PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 25: EUROPE PET FOOD MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 26: UNITED KINGDOM PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 27: GERMANY PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 28: FRANCE PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 29: ITALY PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 30: RUSSIA PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 31: BELGIUM PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 32: POLAND PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 33: REST OF EUROPE PET FOOD MARKET, 2022-2030 (IN $ MILLIONS)

    FIGURE 34: ASIA-PACIFIC PET FOOD MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 35: CHINA PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 36: JAPAN PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 37: INDIA PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 38: SOUTH KOREA PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 39: INDONESIA PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 40: THAILAND PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 41: TAIWAN PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 42: AUSTRALIA & NEW ZEALAND PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 43: REST OF ASIA-PACIFIC PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 44: REST OF WORLD PET FOOD MARKET, REGIONAL OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 45: LATIN AMERICA PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 46: MIDDLE EAST & AFRICA PET FOOD MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 47: PET FOOD MARKET, MARKET SHARE ANALYSIS, 2020 (IN %)

    1. MARKET BY FOOD TYPE
      • DRY PET FOOD
      • WET PET FOOD
      • OTHER PET FOOD TYPES
    2. MARKET BY ANIMAL TYPE
      • DOGS
      • CATS
      • OTHER ANIMALS
    3. MARKET BY DISTRIBUTION CHANNELS
      • STORE BASED
      • VETERINARY
      • E-COMMERCE
      • OTHER DISTRIBUTION CHANNELS
    4. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • BELGIUM
          • POLAND
          • REST OF EUROPE
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • TAIWAN
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
      • REST OF WORLD
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • REGIONAL ANALYSIS
          • LATIN AMERICA
          • MIDDLE EAST & AFRICA

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