#Pet Food Market Share

[trendingreportz]

Pet Food Market - Forecast(2024 - 2030)

Pet Food Market Overview:

The Pet Food Market size is estimated to reach $90 billion by 2030, growing at a CAGR of 8.4% during the forecast period 2023-2030. Pet food is a specialty food for domesticated animals and is formulated to meet their nutritional requirements such as meat, grains, cereals, meat by-products, vitamins and minerals. It is available in supermarkets/hypermarkets & pet stores and customized to the types of animals such as cats, dogs, fish and other pets.

Increasing demand for Premium Pet Food Products and rising pet ownership across developing economies are expanding the Pet Food Market opportunities. Rising health awareness among customers and attraction towards organic products are also driving the Pet Food Market growth. As per American Veterinary Medical Association, pet ownership for cats has increased to 29% in 2022. For dogs, it has increased to 45% in 2022. This represents the Pet Food Industry Outlook.

Pet Food Market Report Coverage:

AttributeSegment

By Food Type

Semi-moist Foods

Kibble Foods

Canned Foods

Veterinary

Nutritional Foods

Others

By Animal Type

Cat

Dog

Rabbit

Birds

Fish

Ferrets

Others

By Nature

Conventional

Organic

By Price

Premium

Mass

By Source Type

Animals

Plants

Cereals

Others

By Packaging

Stand-up pouches

Tin cans

Premade multi-layered pouches

Bags Roll stock

Corrugated boxes

Others

By Distribution Channel

Offline Platforms

Online Platforms

By Geography

North America (the US, Canada and Mexico)

Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific)

South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

The Rest of the World (the Middle East and Africa).

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COVID-19 / Ukraine Crisis - Impact Analysis: 

The COVID-19 pandemic has impacted the supply chain of the animal feed industry. The different animal nutrition food items, vitamins and medicines including pet pharmaceuticals were out of stock.

The Russia-Ukraine war has impacted the supply chain and resulted in high input prices. In the short term, rising product prices in the domestic market contributed to increased earnings for producers.

Key Takeaways:

Dominance of North America Region

Geographically, North America led the Pet Food Market with a 37.3% share of the overall market in 2022. This is due to the increasing innovation by pet food manufacturers and rising pet adoption in the region. In 2020, as per American Pet Products Association National Pet Owners Survey, 63 million households or 74.6% of all households have dogs as pets.

Canned Food Segment holds the largest market share

According to the Pet Food Market forecast, the Canned Food Segment held the largest Pet Food Market revenue of $18 billion in 2022. The segment is estimated to grow at the fastest CAGR of 9.5% during the period 2023-2030. This is due to increasing consumer desire for feeding their pets nutritional food rich in vitamins, minerals, protein, fiber and other elements that are crucial to a balanced diet.

Premade Multi-layered Pouches Segment is anticipated to grow faster

As per the Pet Food Market analysis, the Premade Multi-layered Pouches segment is estimated to grow at the fastest CAGR of 9.8% during the forecast period 2023-2030. It is due to the durable structure, puncture-resistance protection and proper closures for pet food products, driving the segment growth.

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Increasing innovation by pet food manufacturers

The major competitors in the market are focusing on the launch of a number of pet food products to meet the needs of different types of animals that belong to different age groups. This is anticipated to fuel the expansion of the pet food industry. For instance, In November 2020, Nestle Purina introduced pet animal food that builds on alternative proteins to make better use of global resources. The range includes insects and plant proteins from millet and fava beans.

Rising health awareness among customers toward the organic product for pets

Customers are now more aware of the ingredients in their pet food. The market for organic pet food is increasing rapidly as a result of pet owners' growing attention to the health and welfare of their pets. The increasing number of health problems affecting pets has influenced pet owners to choose organic pet food over conventional options. These factors are contributing to the key Pet Food Market trends during the forecast period. In 2020, organic pet food consumption was worth $22 billion.

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Imposition of strict regulations hamper market growth

Pet food comes with some of the strictest regulations out there, especially in western markets. Pet animal products are strictly examined in developed markets at every stage from the ingredients used in food preparation to their sales and marketing. The high stringency involved with commercialization is one of the major factors hampering the growth of the pet food industry.

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Pet Food Market. The 10 key companies in this industry are: 

Mars Pet care, Inc. (PEDIGREE®, NUTRO)      

General Mills (Chex, Lucky Charms)

Nestle Purina Pet Care (Purina ONE®, Purina® Pro Plan®)    

The J.M. Smucker Company (Meow Mix®, Rachael Ray®)

Hill’s Pet Nutrition (Hill's® Science Diet®, Prescription Diet®)

Diamond Pet Foods (Diamond V®, DIAMOND PRO89)         

Simmons Pet Food (Twin Pet, Strongheart)

Global Pet Care (DreamBone, Good 'n' Fun)

Agrolimen SA (Advance Junior Maxi, Ultima Leche)

Deuerer (Katze, Wau)

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Scope of Report:

Report MetricDetails

Base year considered

2022

Forecast period

2023–2030

CAGR

Growing at the rate of 8.4%

Market Size

90 billion USD

Segments covered

Food Type, Animal Type, Nature, Price, Source Type, Packaging, Distribution Channel and Region

Geographies covered

North America (the US, Canada and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Market Players

Mars Pet care, Inc.

General Mills

Nestle Purina Pet Care

The J.M. Smucker Company

Hill’s Pet Nutrition

Diamond Pet Foods

Simmons Pet Food

Global Pet Care

Agrolimen SA

Deuerer

[animal-care]

Exploring Trends Shaping the Animal Care Market

The Animal Care Market is undergoing significant transformations driven by evolving consumer preferences, technological advancements, and emerging trends. In this article, we delve into the latest trends shaping the landscape of the animal care industry and their implications for market players.

Humanization of Pets: Treating Pets like Family

One of the prominent trends in the animal care market is the increasing humanization of pets. Pet owners are treating their animals more like family members, seeking products and services that cater to their pets' health, comfort, and emotional well-being. This trend has led to a growing demand for premium pet food, grooming services, and accessories designed to enhance the quality of life for companion animals.

Natural and Organic Products: A Shift towards Healthier Options

Consumers are becoming more conscious about the ingredients and materials used in pet care products, leading to a surge in demand for natural and organic alternatives. Pet owners are seeking products free from artificial additives, preservatives, and chemicals, opting instead for wholesome and sustainable options that promote the health and vitality of their pets. This trend has propelled the growth of natural pet food, eco-friendly toys, and biodegradable pet accessories in the market.

Telemedicine and Remote Veterinary Care: Convenient Healthcare Solutions

Advancements in technology have revolutionized the way veterinary care is delivered, with the adoption of telemedicine and remote monitoring solutions gaining traction in the animal care industry. Pet owners are increasingly turning to virtual consultations, telehealth platforms, and mobile apps to seek medical advice, diagnosis, and treatment for their pets, especially amid the COVID-19 pandemic. This trend has expanded access to veterinary services, improved convenience for pet owners, and facilitated early detection and intervention for pet health issues.

Personalized Nutrition and Wellness: Tailoring Care for Individual Pets

Pet owners are embracing personalized approaches to pet nutrition and wellness, recognizing that each animal has unique dietary and health needs. The demand for customized pet food formulations, tailored supplementation, and genetic testing services is on the rise as pet owners seek to optimize their pets' health and longevity. This trend has spurred innovation in the development of personalized pet nutrition plans, DNA testing kits, and health monitoring tools that cater to individual pets' requirements.

Sustainable and Ethical Practices

Environmental sustainability and ethical sourcing have become key considerations for pet owners when choosing products and services for their animals. There is a growing emphasis on eco-friendly packaging, cruelty-free ingredients, and ethical manufacturing practices in the animal care market. Companies are increasingly adopting sustainable initiatives, such as carbon-neutral operations, recyclable packaging, and ethical sourcing of raw materials, to align with consumer values and reduce their environmental impact.

Conclusion

The animal care market is evolving rapidly, driven by shifting consumer preferences, technological innovations, and societal trends. By staying attuned to these emerging trends and embracing innovation, companies can capitalize on new opportunities, differentiate their offerings, and meet the evolving needs of pet owners and their beloved companions. As the bond between humans and animals continues to strengthen, the animal care industry is poised for continued growth and transformation in the years to come.

[mohankunmars]

Pet Food Market - Forecast, 2022-2027

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Pet Food Market size is estimated to reach $142.3 billion by 2027, growing at a CAGR of 5.1% during the forecast period 2022-2027. Pet food is widely demarcated as animal feed which falls under the category of specialty foods made just for the consumption of domestic animals.

[ananya5400]

The global wet pet food market is poised to flourish with an impressive compound annual growth rate (CAGR) of 4.5% from 2023 to 2028. This upward trajectory is projected to catapult the market value from $25.5 billion in 2023 to a remarkable $31.7 billion by 2028.

[rupalic]

The Pet Food Ingredients Market is estimated at USD 34.2 billion in 2023 and is projected to reach USD 47.4 billion by 2028, at a CAGR of 6.8% from 2023 to 2028 according to a report published by MarketsandMarkets™.

[businessindustry]

Freeze-Dried Pet Food Market Statistics, Industry Trends, Competition Strategies 2024 to 2032

The Reports and Insights, a leading market research company, has recently releases report titled “Freeze-Dried Pet Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Freeze-Dried Pet Food Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Freeze-Dried Pet Food Market?

The global freeze-dried pet food market was valued at US$ 1.2 Billion in 2023 and is expected to register a CAGR of 7.1% over the forecast period and reach US$ 2.2 Bn in 2032.

What are Freeze-Dried Pet Food?                                                                                                                                                                            

Freeze-dried pet food is created through a preservation process that removes moisture while maintaining the nutritional value of the ingredients. This involves freezing the raw ingredients and then using a vacuum chamber to sublimate the ice, changing it directly from solid to gas without becoming liquid. The end product is a lightweight, shelf-stable food that can be rehydrated with water before serving, providing the benefits of a raw diet with the convenience of dry kibble. It is popular for its long shelf life, high nutrient retention, and appealing taste and texture for pets.

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What are the growth prospects and trends in the Freeze-Dried Pet Food industry?

The freeze-dried pet food market growth is driven by various factors and trends. The freeze-dried pet food market is growing significantly due to rising pet ownership, increased awareness of pet nutrition, and the demand for convenient, high-quality food options. Pet owners are drawn to freeze-dried pet food for its ability to deliver the nutritional benefits of a raw diet without the storage and handling issues. Technological advancements in freeze-drying and innovative product offerings are further driving market expansion. Hence, all these factors contribute to freeze-dried pet food market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

North America

United States

Canada

Europe

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

Benelux

Nordic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

GEA Group

LazyPet Foods

The Scoular Company

ZIWI Pets Ltd.

Thrive Foods

FanconFoods

Mira Pet Food Co., Ltd.

Carnivore Meat Company

Canature Processing Ltd.

Nature’s Variety

Kelly&Co's

Ranova

Steve's Real Food

Primal Pet Foods

TruPet

View Full Report: https://www.reportsandinsights.com/report/Freeze-Dried Pet Food-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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[marketresearchtrendsandinsights]

Pet Food Processing Market: Global Demand Analysis & Opportunity Outlook 2029

https://www.researchnester.com/reports/pet-food-processing-market/2837

[animal-care]

Exploring the Animal Care Market Revenue, Growth, and Future Outlook

Introduction

The Animal Care Industry plays a pivotal role in ensuring the health, well-being, and happiness of pets and companion animals worldwide. This article delves into the dynamics of the animal care market, offering insights into its research reports, growth prospects, revenue outlook, and emerging trends.

Animal Care Market Research Reports

Market research reports serve as valuable resources for understanding the animal care industry landscape. These reports provide comprehensive analyses of market trends, growth drivers, challenges, and opportunities. Recent studies indicate a positive outlook for the global animal care market, with substantial growth expected in the coming years.

Animal Care Market Forecast

The animal care market is poised for significant growth, driven by various factors contributing to increased demand for pet-related products and services. Market analysts project steady growth, with a compound annual growth rate CAGR of 4.3% expected between 2023 and 2033, reaching a market size of USD 62.3 billion by 2033.

Animal Care Market Size

The global animal care market was estimated at USD 40.9 billion in February 2024, reflecting robust growth in pet ownership and spending. In the United States alone, the market was valued at USD 136.8 billion in 2022, according to the American Pet Products Association.

Animal Care Market Growth

While the global animal care market is experiencing steady growth, the United States is anticipated to witness a growth rate of 2-3% in 2024, as per Grand View Research. This growth is fueled by factors such as increasing disposable income, rising pet ownership, and growing awareness of animal well-being.

Market Segments

The animal care market comprises several segments catering to the diverse needs of pet owners:

Pet Food & Treats

This segment holds the largest share of the global market, accounting for approximately 50% of total spending on animal care products.

Pet owners are increasingly opting for premium pet food and treats, driving growth in this segment.

Veterinary Care & Products

The veterinary care segment is the second-largest, with projections suggesting it might reach USD 37 billion in the US by 2023.

Advancements in veterinary medicine and increased spending on preventive healthcare contribute to the segment's growth.

Supplies, Live Animals & Over-the-counter Medications

Estimated at USD 32.1 billion in the US in 2023, this segment encompasses a wide range of products, including pet supplies, live animals, and over-the-counter medications. This segment includes pet insurance, boarding, grooming, and training services, estimated at USD 11.8 billion in the US in 2023.

Market Trends

Several notable trends are reshaping the Animal Care Market:

Premiumization- Pet owners are increasingly willing to invest in premium pet food, treats, and healthcare options, reflecting a growing focus on pet well-being and nutrition.

Surge in Pet Adoptions- The pandemic-driven surge in pet adoptions continues to influence market demand, with more households welcoming pets into their lives.

Direct-to-Consumer Channels- Online pet food and medication deliveries are witnessing significant growth, driven by the convenience and accessibility offered by direct-to-consumer (D2C) channels.

Focus on Sustainability- Environmentally friendly pet products and services are gaining popularity as consumers become more conscious of their ecological footprint.

Conclusion

The animal care market presents lucrative opportunities for industry players, driven by increasing pet ownership, rising spending on pet-related products and services, and evolving consumer preferences. By staying abreast of market trends, investing in research and development, and embracing sustainable practices, stakeholders can capitalize on the growing demand for animal care solutions, contributing to the well-being of pets and companion animals worldwide.

[businesspointnews]

Organic and Natural Pet Food Market Report 2024-2032 | Industry Size, Share, Trends, Demand, Segmentation and Companies

IMARC Group has recently released a new research study titled “Organic and Natural Pet Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a detailed analysis of the organic and natural pet food market share, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. How…

[marketdevelopment]

The Global Pet Foods market size is expected to grow from USD 80,150.99 Million in 2022 to USD 1,15,739.7 Million by 2030, at a CAGR of 4.7% during the forecast period (2023-2030).

Pet Foods Market 2023- Sales Analysis & Share | Forecast Up to 2030 | IMR

[amr-jayprakash]

Functional pet food is an alternative to traditional pet food, which is increasingly given for pet’s healthy life. Functional pet food is rich in nutrients, protein, vitamins, and minerals. Functional food is gaining significant traction among pet owners due to benefits associated with functional pet food to improve immune system strength, bone, brain, & muscle health, reduce postprandial glucose and insulin concentrations, and prevent diabetes‐related disorders. Furthermore, growing pet humanization and increasing spending on pet grooming & food are expected to boost the growth of the functional pet food market during the forecast period. Functional pet food provides essential nutrients, which help to improve the health of various pets, including dogs, cats, freshwater fish, reptiles, horses, and birds.

[marketinsight12]

The Global Pet Foods market size is expected to grow from USD 80,150.99 Million in 2022 to USD 1,15,739.7 Million by 2030, at a CAGR of 4.7% during the forecast period (2023-2030).

Pet Foods Market 2023- Sales Analysis & Share | Forecast Up to 2030 | IMR

[renubresearch]

United States Pet Food Market will be US$ 61.54 Billion by 2032

United States Pet Foods Market Analysis Renub Research projects a promising future for the United States pet foods market, with a potential to reach a staggering US$ 61.54 billion by 2032, boasting a robust CAGR of 4.09 percent from 2024 to 2032. This growth is primarily driven by the increasing trend of pet ownership, the growing concept of pet humanization, and the escalating demand for…