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Pet Food Market

Global Pet Food Market Size, Share, Growth, Trends, Analysis: By Pet Type: Dog Food, Cat Food, Others; By Product Type: Dry Pet Food, Wet and Canned Pet Food, Snacks and Treats; By Pricing Type: Mass Products, Premium Products; By Ingredient Type; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032

Global Pet Food Market Outlook

The global pet food market size reached approximately USD 112.96 billion in 2023. The market is projected to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of around USD 172.27 billion by 2032.

 

Key Takeaways

  • Ready-to-eat, easy-to-serve, and portion-controlled pet food products are becoming increasingly popular.
  • Eco-friendly practices, sustainable sourcing, and ethical production are becoming important factors in consumer purchasing decisions.
  • The UK pet food market is growing due to the increasing adoption of pets, including dogs, cats, and birds.

 

Pet food is defined as any commercial feed that is prepared and distributed for consumption by pets. It is usually specific to the type of animals such as dog food, cat food, etc. as well as the leftovers from the human industry which may also be used in the product through a process called rendering. The formulation of pet food varies depending on the type of animal it is intended for and can include a range of ingredients like meat, grains, cereals, vitamins, and minerals.

 

The pet food market is witnessing a healthy growth due to increasing pet ownership worldwide and increasing focus on providing pets with high-quality food that meets their nutritional needs and supports healthy growth. Another crucial factor includes the increasing consumer concern towards pet health, which has led to increased consumer spending on nutritious pet food products. Pet owners increasingly treat their pets as family members and are willing to spend more on good quality and nutritious pet food products that promise enhanced health benefits and are similar to human food in terms of quality and ingredients.

 

Global Pet Food Market

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Key Trends and Developments

Increasing shift to organic and nutritious pet food products; popularity of personalised pet food solutions; rising availability of pet food products online; and the growth of animal welfare organisations are the major trends in the pet food market

 

Date Company Event
Feb 2024 Riverlands Foods Limited Introduced a new, advanced canning facility in Canterbury, designed to produce 30 million cans of premium cat and dog food annually
Feb 2024 Pet Choice Allocated USD 500,000 to a comprehensive multi-channel marketing initiative aimed at boosting recognition of its dog and cat food line, Webbox Naturals
Jan 2024 VAFO Group The group, renowned for producing high-end pet foods in Europe, announced the acquisition of Dagsmark Petfood, a company based in Finland
Sep 2023 The Allana Group Announced to commit INR 200 crore to establish a pet food manufacturing plant in India to cater to the increasing demand for quality pet food driven by rising pet ownership

 

 

Trends Description
Shift towards organic and nutritious pet food products There is an increased demand for nutritious and organic pet food products due to consumer awareness about the importance of a healthy diet in pet’s growth.
Rising popularity of personalised pet food solutions The manufacturers are developing products tailored to the breed, age, and size of different types of animals in smaller, single-serve, disposable containers.
Increased availability of pet food products online Rise in online shopping for pet food offers convenience, a wider product selection, and often, competitive pricing.
Growth of animal welfare organisations The expansion of animal welfare organisations like PETA and rising initiatives by various organisations and governments to enhance animal health is boosting the market growth.

 

Pet Food Market Trends

A prominent trend is the rising demand for natural and organic pet food products. As people become more conscious of their own dietary choices and the impact of food on health, this awareness extends to their pets' diets. Consumers are seeking pet food options that are free from artificial additives, preservatives, colours, and flavours, believing that organic foods can enhance their pets' health, vitality, and lifespan. As people adopt diets focusing on natural, organic, and minimally processed foods for themselves, they also seek similar options for their pets, due to their perceived benefits.

 

The players in the pet food market are increasingly focusing on improving their production capacity to meet rising demands. In February 2024, Riverlands Foods Limited introduced a new, advanced canning facility in Canterbury, designed to produce a remarkable 30 million cans of premium cat and dog food annually. The establishment of this state-of-the-art facility represents a significant stride for Riverlands Foods Limited, positioning the company at the forefront of pet food production.

 

Global Pet Food Market

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Market Segmentation

“Pet Food Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Pet Type Dog Food, Cat Food, Others
Product Type Dry Pet Food, Wet and Canned Pet Food, Snacks and Treats
Pricing Type Mass Products, Premium Products
Ingredient Type Animal Derived, Plant Derived
Distribution Channel Supermarkets and Hypermarkets, Specialty Stores, Online Stores, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Dog food maintains its dominance in the market due to the rising dog ownership worldwide

The pet food market benefits from the increasing sales of dog food products due to a surge in dog ownership globally. Dogs are one of the most popular pets globally and an increase in dog ownership directly translates to a higher demand for dog food. Factors such as a rise in nuclear families, a growing elderly population seeking companionship, and the emotional support provided by dogs contribute to this trend. Dog owners are increasingly seeking high-quality, premium dog food options which include organic, natural, and specially formulated diets catering to the specific needs of their pets, such as breed-specific formulas, age-specific diets (puppy, adult, senior), and food for medical conditions.

 

The demand for cat food in the pet food market is also substantial as cats are the second most popular pets worldwide. Their independent nature and suitability for indoor living make them a preferred choice for people living in urban and smaller living spaces. An increase in cat ownership naturally drives the demand for cat food. Cat owners are becoming more knowledgeable about their pets' dietary needs and the impact of diet on health and longevity, which has led to a growing demand for cat food that addresses specific health issues, such as hairball control, weight management, urinary health, and food allergies.

 

Dry pet food continues its steady growth in the pet food market as it is easier to store and has a longer shelf-life

Dry pet food is expected to occupy a sizable pet food market share due to its ease and convenience as it does not require freezing or refrigeration and requires pets to chew, improving their dental health. Compared to wet or fresh pet food options, dry food is generally more economical, offering a lower cost per serving and this cost-effectiveness is a key factor for pet owners who are mindful of their budget but still want to provide quality nutrition for their pets. The dry pet food market also offers a wide range of products tailored to specific dietary needs and preferences, such as grain-free, high-protein, breed-specific, life-stage specific (puppy, adult, senior), and formulas designed for pets with certain health conditions.

 

Meanwhile, wet and canned pet foods are projected to witness steady demand as they are considered healthier for pets and prevent the risk of dehydration as they contain liquids. These pet foods are generally more flavourful and have a richer scent compared to dry food which makes them highly palatable and appealing, especially for picky eaters or pets with decreased appetite due to illness or ageing.

 

Global Pet Food Market

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Competitive Landscape

The market players are increasingly producing organic pet food products due to the rising trend of health and wellness which can provide them with a competitive edge in the market

 

Company About
Mars, Incorporated The company is involved in the production of confectionery, pet food, and other food items. It is known for its diverse portfolio, including famous confectionery brands like M&M's, Snickers, and Twix.
Nestlé S.A. It is the world's largest food and beverage company, operating in numerous countries around the globe. Its vast portfolio includes leading global brands across various categories, including pet foods.
Hill's Pet Nutrition, Inc. It is a well-known manufacturer of pet nutrition products. Its science-based therapeutic pet foods are often recommended by veterinarians for specific health conditions.
The J.M. Smucker Company It is known for its wide range of pet foods. Its product portfolio includes pet foods, snacks, and coffee, among others.

 

Other players in the market include General Mills Inc., Diamond Pet Foods, Simmons Foods, Inc., Alphia, Inc., Unicharm Corporation, Thai Union Group PCL, and Tiernahrung Deuerer GmbH, among others.

 

The market players are investing in the establishment of pet food production plants. Such investments underscore their strategic move to tap into the growing market worldwide. By setting up new facilities, the market players aim to cater to the increasing demand for quality pet food, driven by the rising pet ownership and heightened awareness among pet owners about the nutritional needs of their pets.

 

Pet Food Market Analysis by Region

North America dominates the market, with the US currently representing a significant market in the region. Growing consumer knowledge about the positive effects on pet health, the growing tendency of humanising pets and the rising millennial trend of pet adoption are the main factors driving the pet food market growth in North America. Additionally, as local producers increase their presence in the domestic market, products that are ethically and locally sourced, are expected to witness increased acceptance, contributing to the pet food market expansion.

 

The demand for pet food in Europe is shaped by various factors, reflecting the continent's diverse consumer preferences, economic conditions, and cultural attitudes towards pet ownership and care. Europe has one of the highest rates of pet ownership in the world as countries like Russia, Germany, the UK, and France have significant populations of pets, especially cats and dogs, which directly contribute to the demand for pet food. Europe also has strict regulations regarding pet food production and labelling, governed by entities like the European Pet Food Industry Federation (FEDIAF). Consumers in Europe are highly conscious of these standards and often seek products that are clearly labelled, traceable, and compliant with safety regulations.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Pet Type
  • Product Type
  • Pricing Type
  • Ingredient Type
  • Distribution Channel
  • Region
Breakup by Pet Type
  • Dog Food
  • Cat Food
  • Others
Breakup by Product Type
  • Dry Pet Food
  • Wet and Canned Pet Food
  • Snacks and Treats
Breakup by Pricing Type
  • Mass Products
  • Premium Products
Breakup by Ingredient Type
  • Animal Derived
  • Plant Derived
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Mars, Incorporated
  • Nestlé S.A.
  • Hill's Pet Nutrition, Inc.
  • The J.M. Smucker Company
  • General Mills Inc.
  • Diamond Pet Foods
  • Simmons Foods, Inc.
  • Alphia, Inc.
  • Unicharm Corporation
  • Thai Union Group PCL
  • Tiernahrung Deuerer GmbH
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Pet Food Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Pet Food Historical Market (2018-2023) 
    8.3    Global Pet Food Market Forecast (2024-2032)
    8.4    Global Pet Food Market by Pet Type
        8.4.1    Dog Food
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Cat Food
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Global Pet Food Market by Product Type
        8.5.1    Dry Pet Food
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Wet and Canned Pet Food
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Snacks and Treats
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
    8.6    Global Pet Food Market by Pricing Type
        8.6.1    Mass Products
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Premium Products
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
    8.7    Global Pet Food Market by Ingredient Type
        8.7.1    Animal Derived
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2023)
            8.7.1.3    Forecast Trend (2024-2032)
        8.7.2    Plant Derived
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2023)
            8.7.2.3    Forecast Trend (2024-2032)
    8.8    Global Pet Food Market by Distribution Channel
        8.8.1    Supermarkets and Hypermarkets
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2023)
            8.8.1.3    Forecast Trend (2024-2032)
        8.8.2    Specialty Stores
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2023)
            8.8.2.3    Forecast Trend (2024-2032)
        8.8.3    Online Stores
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2023)
            8.8.3.3    Forecast Trend (2024-2032)
        8.8.4    Others
    8.9    Global Pet Food Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Market by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Market by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Market by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Market by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Market by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Analysis (HS Code- 2309)
 
    12.1    Major Exporting Countries by Value & Volume
    12.2    Major Importing Countries by Value & Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    13.5    Middle East & Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14    Manufacturing Process
    14.1    Detailed Process Flow
    14.2    Operations Involved
    14.3    Mass Balance
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Mars, Incorporated
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Nestlé S.A.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Hill's Pet Nutrition, Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    The J.M. Smucker Company
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    General Mills Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Diamond Pet Foods
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Simmons Foods, Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Alphia, Inc.
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Unicharm Corporation
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Thai Union Group PCL
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Tiernahrung Deuerer GmbH
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.12    Others

16    Industry Events and Developments

 

Additional Customisations Available

1    Project Details, Requirements and Costs Involved
    1.1    Land Requirements and Expenditures
    1.2    Construction Requirements and Expenditures
    1.3    Plant Machinery
    1.4    Raw Material Requirements and Expenditures
    1.5    Packaging Requirements and Expenditures
    1.6    Transportation Requirements and Expenditures
    1.7    Utility Requirements and Expenditures
    1.8    Manpower Requirements and Expenditures
    1.9    Other Capital Investments
2    Loans and Financial Assistance
3    Project Economics

    3.1    Capital Cost of the Project
    3.2    Techno-Economic Parameters
    3.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    3.4    Taxation and Depreciation
    3.5    Income Projections
    3.6    Expenditure Projections
    3.7    Financial Analysis
    3.8    Profit Analysis

 

List of Key Figures and Tables

1.    Global Pet Food Market: Key Industry Highlights, 2018 and 2032
2.    Global Pet Food Historical Market: Breakup by Pet Type (USD Billion), 2018-2023
3.    Global Pet Food Market Forecast: Breakup by Pet Type (USD Billion), 2024-2032
4.    Global Pet Food Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5.    Global Pet Food Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6.    Global Pet Food Historical Market: Breakup by Pricing Type (USD Billion), 2018-2023
7.    Global Pet Food Market Forecast: Breakup by Pricing Type (USD Billion), 2024-2032
8.    Global Pet Food Historical Market: Breakup by Ingredient Type (USD Billion), 2018-2023
9.    Global Pet Food Market Forecast: Breakup by Ingredient Type (USD Billion), 2024-2032
10.    Global Pet Food Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
11.    Global Pet Food Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
12.    Global Pet Food Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global Pet Food Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America Pet Food Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America Pet Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe Pet Food Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe Pet Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific Pet Food Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific Pet Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America Pet Food Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America Pet Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa Pet Food Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa Pet Food Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Major Importing Countries by Volume
25.    Major Exporting Countries by Volume
26.    Major Importing Countries by Value
27.    Major Exporting Countries by Value
28.    North America Historical Price Trends and Forecast 2018-2032
29.    Europe Historical Price Trends and Forecast 2018-2032
30.    Asia Pacific Historical Price Trends and Forecast 2018-2032
31.    Latin America Historical Price Trends and Forecast 2018-2032
32.    Middle East and Africa Historical Price Trends and Forecast 2018-2032
33.    Global Pet Food Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 112.96 billion.

The market is estimated to grow at a CAGR of 4.8% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 172.27 billion by 2032.

The major drivers of the market such as rising disposable incomes, rising awareness of pet health and nutrition, growing product diversification, growing online distribution channels, and convenient packaging solution are expected to aid the market growth.

The key trends aiding the market growth include the increasing shift towards organic and nutritious pet food products, rising popularity of personalised pet food solutions, increased availability of pet food products online, and the growth of animal welfare organisations.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Dog is the most significant pet type in the market.

The leading product types in the market are dry and wet and canned pet food, along with snacks and treats.

Mass and premium products are the leading pricing segments of the product.

The most significant ingredient types available in the industry are animal and plant derived.

The leading distribution channels in the market include supermarkets and hypermarkets, speciality stores, and online, among others.

The major players in the market are Mars, Incorporated, Nestlé S.A., Hill's Pet Nutrition, Inc., The J.M. Smucker Company, General Mills Inc., Diamond Pet Foods, Simmons Foods, Inc., Alphia, Inc., Unicharm Corporation, Thai Union Group PCL, and Tiernahrung Deuerer GmbH, among others.

Analyst Review

The global pet food market attained a value of USD 112.96 billion in 2023, driven by the growing awareness of pet health and nutrition. Aided by the rising introduction of premium variants and expansion of e-retail channels selling the product, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.8%. The market is projected to reach USD 172.27 billion by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on pet type, the market can be divided into dog and cat food, among others, with dog food leading the market. On the basis of product type, the market is segmented into dry and wet and canned pet food, along with snacks and treats. Mass and premium products are the major pricing segments of the product. The ingredient type in the industry can be divided into animal and plant derived. Based on distribution channels, the industry is categorised into supermarkets and hypermarkets, specialty stores, and online stores, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the market are Mars, Incorporated, Nestlé S.A., Hill's Pet Nutrition, Inc., The J.M. Smucker Company, General Mills Inc., Diamond Pet Foods, Simmons Foods, Inc., Alphia, Inc., Unicharm Corporation, Thai Union Group PCL, and Tiernahrung Deuerer GmbH, among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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