Reports
Global Pet Food Market Size, Share, Forecast: 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: Animal Derived, Plant Derived; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
Global Pet Food Market Outlook
The global pet food market size reached a value of almost USD 112.96 billion in the year 2023 and is expected to grow at a CAGR of 4.8% between 2024 and 2032 to reach a value of almost USD 172.27 billion by 2032.
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The global market for pet food is growing at a steady pace, fuelled by the increasing pet ownership worldwide and increasing focus on providing pets with high quality food that meets their nutritional needs and supports healthy growth. At a regional level, North America dominates the market, with the pet food market size US currently representing a significant market in the region. Growing consumer knowledge about the positive effects on pet health and the growing tendency of humanising pets are the main factors driving the US pet food market size. It is also anticipated that the rising millennial trend of pet adoption will drive market expansion. Additionally, as local producers increase their presence in the domestic market, products that are ethically and locally sourced are driving the market. Meanwhile, the UK pet food market size is increasing due to the increasing adoption of pets, including dogs, cats, and birds.
Historical market trends for the industry have been provided from 2018-2023 and forecasts have been presented till 2032. The value chain analysis of the industry has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales, and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, and threats from substitutes and new entrants. A thorough evaluation of the competitive landscape of the industry has also been provided.
This report provides an exhaustive insight for setting-up and running a pet food manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
Dry food is expected to occupy a sizable share of the pet food industry market size due to its ease and convenience as it doesn’t require freezing or refrigeration and requires pets to chew, improving their dental health. Meanwhile, wet and canned pet food are projected to account for a growing share of the market as they are considered healthier for pets and prevent risk of dehydration as they contain liquids. These are some of the key pet food industry trends aiding the market growth.
Properties and Applications
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. Leftovers from the human industry may also be used in the product through a process called rendering.
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On the basis of pet type, the market is segmented into:
- Dog Food
- Cat Food
- Others
Based on product type, the industry is divided into:
- Dry Pet Food
- Wet and Canned Pet Food
- Snacks and Treats
The industry is bifurcated on the basis of pricing type into:
- Mass Products
- Premium Products
Based on ingredient type, the industry is divided into:
- Animal Derived
- Plant Derived
On the basis of distribution channels, the industry is categorised into:
- Supermarkets and Hypermarkets
- Speciality Stores
- Online Stores
- Others
The report also covers the regional pet food markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
One of the key pet food market trends include the increasing consumer concern towards pet health which has led to increased consumer spending on nutritious pet food. Convenient packaging is also stimulating the growth of the pet food market. This report by Expert Market Research entitled “Pet Food Market Report and Forecast 2024-2032” provides a comprehensive analysis for anyone who plans to foray into the pet food market. Key pet food ingredients market trends include the increasing switch of manufacturers from synthetic to natural products as a result of rising consumer awareness about natural and organic pet food products.
To make it more convenient for both pets and people, manufacturers are also developing products tailored to the breed, age, and size of different types of animals in smaller, single-serve, disposable containers. According to the pet food market report, the demand for the product is anticipated to increase due to the growing trend of dog adoption as a family pet.
When it pertains to the notion of humanising pets, dogs in particular are seeing an upward trend. As a result, the number of people who keep dogs and feed them premium cuisine has increased. Furthermore, rapid urbanisation and increasing availability of various pet foods are among the key pet food trends driving the market.
Many pet food producers now provide a variety of items with a number of options that are designed to fulfil a variety of needs. Customers can select items based on a range of criteria, including breeds, life phases, pricing ranges, preferred ingredient profiles, and medical problems. Therefore, the pet food ingredients market is projected to grow as a result of these changing dynamics.
Furthermore, the pet food ingredients market size is projected to benefit in the future from the presence of animal welfare organisations like PETA and rising initiatives by various governments to enhance animal health.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global pet food market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 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
- Heristo AG
- Others
The comprehensive EMR report provides an in-depth assessment of the pet food market based on the Porter's five forces model along with giving a SWOT analysis.
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:
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| Breakup by Pet Type |
|
| Breakup by Product Type |
|
| Breakup by Pricing Type |
|
| Breakup by Ingredient Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Heristo AG
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
15.2.13 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 2018-2028
29. Europe Historical Price Trends and Forecast 2018-2028
30. Asia Pacific Historical Price Trends and Forecast 2018-2028
31. Latin America Historical Price Trends and Forecast 2018-2028
32. Middle East and Africa Historical Price Trends and Forecast 2018-2028
33. Global Pet Food Market Structure
Key Questions Answered in the Report
In 2023, the global pet food market attained a value of nearly USD 112.96 billion.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 4.8%.
By 2032, the market is estimated to reach a value of about USD 172.27 billion.
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 adoption of premium food ranges, which include variants like multigrain, gluten-free, protein-free, and grain-free is expected to be a key trend driving the growth of the market.
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 key 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, Tiernahrung Deuerer GmbH, and Heristo AG, 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 key players in the above industry include 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, and Heristo AG, 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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