Global Pet Food Market by Application (Dog, Cat), by Product (Nutritious Food, Dry Food, Wet/Canned Food, Snacks/Treats) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global pet food market was worth USD 83.02 trillion in 2018. It is projected to grow at a compound annual rate (CAGR), of 4.5% between 2019 and 2025. The increasing awareness of natural and organic pet foods has led to manufacturers shifting their focus away from synthetic products to better serve the needs of customers.

The convenience benefits of dry organic and natural pet food are expected to drive product demand. Organic and natural pet food is being used at a large scale, which is not the case with conventional pet foods.

The pet food market is expected to grow due to increased demand for dog food and higher traction in premium pet food segments over the forecast period. Dry food is seeing a rapid increase in demand compared to other products. This is due to its ease of storage and ability to feed pets without making a mess. This is encouraging urban consumers to choose dry pet food.

Canned food is easier to digest for dogs and cats, as it contains fewer carbohydrates and fats. Canned and wet pet food are easy to digest, which makes it easier to clean the yard. Wet food is easier to digest and more suitable for pets with certain dietary needs, such as cats and dogs who have been diagnosed.

Promising growth in product demand is expected to be driven by the rising popularity of dog adoption as a companion animal for families. Dogs are seeing an increase in the humanization of their pets. This has led to a rise in dog owners and premium food. Rapid urbanization is another key factor driving the market.

Product Insights

Dry food can be useful for dogs' oral health. It helps to reduce tartar buildup and plaque. This product also provides the chewing and crunch required to maintain the animal's overall health. Dry food is not as susceptible to freezing as canned food.

This product has a high moisture content which helps pets stay hydrated. It also benefits the pet's urinary tract. The high price of this product, especially meat-based protein canned foods, could limit its popularity among consumers and slow down the segment's growth.

Pet snacks are often preferred to improve intake nutrition and enhance quality ingredients. Treats are used to instill positive behavior in pets. Most snacks are made from baked goods such as biscuits, roasted grains, and dried fruits and veggies.

Application Insights

Consumer awareness about pet health is growing. This has resulted in a greater focus on weight management and overall health. Customers now have a choice between many foods and depend heavily on the brands they choose. Manufacturers are constantly looking to enter the premium food product segment, increasing their overall profit margin.

In North America and Europe, the trend to own more than one cat is growing steadily, which in turn drives product demand. Cats are more independent than dogs, and require less training. A cat's care is much cheaper than that of a dog.

Other applications include pet food for birds, fish, reptiles, and pet food products. As compared to dogs and cats, the demand for these animal types is expected to be slow. This segment is likely to have a lower product demand than dogs and cats due to its short life expectancy and low food intake.

Regional Insights

North America was the second most important regional pet food market after Asia Pacific. Rising consumer awareness about the positive impact of pet food on health and the growing trend towards humanization of pets is driving the regional demand for pet foods.

Market growth is expected to be further supported by the rising trend among millennials of pet ownership. The American Pet Products Association (APPA) estimates that 38% of Americans own cats, with an average of two cats per household.

Europe is a key market for high-quality pet food. The European Pet Food Industry Federation, (FEDIAF) estimates that over 80 million households in Europe have at least one pet. Cat food products dominate the regional market due to their high cat ownership rate.

Asia Pacific, which included China, Japan and India, was also a major market in 2018. This is due to the growing demand for premium dog foods. The 2019 Alltech Global Feed Survey revealed that pet food production increased by 13% in Asia Pacific between 2018 and 2019.

Market Share Insights & Key Companies

Majority of the market's key players are inclined to expansion, merger and acquisition, as well as new product development. For pet food sales to increase, product differentiation is still a major factor. The following are some of the major players in the pet food industry:

• The J.M. The J.M.

• Hartz Mountain Corporation

• Mars Incorporated

• Hill's Pet Nutrition, Inc.

• Nestle Purina

• Lupus Alimentos

• Total Alimentos SA

• Blue Buffalo Pet Products, Inc.

• WellPet LLC

• Diamond Pet Foods

Up Market Research published a new report titled “Pet Food Market research report which is segmented by Application (Dog, Cat), by Product (Nutritious Food, Dry Food, Wet/Canned Food, Snacks/Treats), By Players/Companies The Hartz Mountain Corporation, Blue Buffalo Pet Products Inc, Total Alimentos SA, Nestl© Purina, Lupus Alimentos, Mars Incorporated, Diamond Pet Foods, The JM Smucker Company, Hill’s Pet Nutrition Inc, WellPet LLC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Pet Food Market Report Segments:

The market is segmented by Application (Dog, Cat), by Product (Nutritious Food, Dry Food, Wet/Canned Food, Snacks/Treats).

Pet Food Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Pet Food Market

Overview of the regional outlook of the Pet Food Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Pet Food Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Pet Food Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Dog

                2. Cat

                1. Nutritious Food

                2. Dry Food

                3. Wet/Canned Food

                4. Snacks/Treats

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Pet Food Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Pet Food Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.