Pet Food Market

Pet Food Market by Animal Types (Dog, Cat, and Other Animal types), Ingredient Types (Animal Derived, Plant Derived, Cereals and Cereals Derivatives, and Other Ingredient Types), Product Types (Dry Pet Foods, Wet Pet Foods, Veterinary Diets, Treat and Snacks, and Other Products), Distribution Channels (Specialized Pet Shops, Supermarkets, Online Channels, and Other Channels), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CG-2365
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 182
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The global pet food market size is projected to expand at a CAGR of more than 4.8% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing concerns regarding animal health, growing trends of pet ownership, and the requirement to increase the nutrition intake among pets.

Pet Food Market key takeaways

Pet food is a commercially prepared pet food consisting of raw or cold food, which includes fresh vegetables, fruit ingredients, additives, meat, and bones. Although the shelf life of fresh pet foods is shorter than that of processed pet foods, they are an important source of nutrients and are easy to digest for animals. Pet owners now prefer pet foods with high-quality ingredients that are beneficial to health. Increasing humanization of pets may encourage pet owners to adopt pet food products.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising pet owners in developing countries is expected to boost the market growth during the forecast period.
  • Rapid growth of the pet industry is anticipated to create demand for pet food, driving the market growth in the coming years.
  • Increasing disposable income and rising awareness about pet food benefits are estimated to fuel the growth of the market.
  • High price of premium pet foods and large capital investment are projected to restrict the market growth
  • Strict regulations by government agencies regarding manufacturing of pet foods can hamper the market growth.
  • Ongoing R&D investment for development of high-quality pet food products is expected to create immense opportunities for the market players.

Scope of the Report

The report on the global pet food market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Pet Food Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Animal Types (Dogs, Cats, and Other Animal Types), Ingredient types (Animal Derived, Plant Derived, Cereals and Cereals Derivatives, and Other Ingredient Types), Product Types (Dry Pet Foods, Wet Pet Foods, Veterinary Diets, Treat and Snacks, and Other Products ), Distribution Channels (Specialized Pet Shops, Supermarkets, Online Channels, and Other Channels)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Mars Inc.; Nestle Purina Petcare Company; Blue Buffalo Pet Products Inc.; Colgate Palmolive Company (Hill’s Pet Nutrition Inc.); and The J.M. Smucker Company (Big Hearts Pet Brand Inc.

 

Pet Food Market Segment Insights

Dogs segment is projected to represent a major market share

Based on animal types, the market is segmented into dogs, cats, and other animal types. The dog segment is expected to represent a major market share during the forecast period owing to growing adoption of dogs across emerging economies. Growing demand for dog food is pushing the market to seek better quality natural dog food products.

Animal derived segment is expected to grow at a significant pace

On the basis of ingredient types, the pet food market is classified as animal derived, plant derived, cereals and cereals derivatives, and other ingredient types. The animal derived segment is expected to account for a key share of the market during the forecast period. Most animal derived ingredients include meat, which contain essential proteins, fatty acids, iron, and vitamins. Meat improves the palatability of animal feed, thereby improving the digestibility of animals. Fish bones are found in pet food as they contain calcium and phosphorus. Major manufacturers are focusing on using fish as animal derivatives in pet food as they are rich in vitamins A, D and omega-3. The benefits of Omega-3 fatty acids for pets include improving fur and skin health, immune system, and cognitive function of elderly pets and lowering blood pressure.

Dry pet foods segment is anticipated to expand at a substantial CAGR

In terms of product types, the market is segregated into dry pet foods, wet pet foods, veterinary diets, treat and snacks, and other products. The dry pet foods segment is expected to exhibit a substantial CAGR during the forecast period. Dry form is most commonly used for pet food, and its preference is due to its cost-effectiveness and low moisture content, making it easy to handle during processing and storage.

Increasing disposable income has grew the demand for nutritious pet food. Dry food contributes to good oral hygiene in dogs, minimizes accumulation of tartar on teeth, and helps to reduce dental plaque. The high moisture content of these foods helps keep pets hydrated and is also beneficial for the urinary tract. On the other hand, the treat and snacks segment is expected to expand at a high CAGR due to its deliciousness and high quality. The active participation of marketers is expected to contribute to the growth of the market segment.

Pet Food Market by product types

Specialized pet shops segment is anticipated to account a significant market share

Based on distribution channels, the pet food market is bifurcated into specialized pet shops, supermarkets, online channels, and other channels. The specialized pet shops segment is expected to represent a significant market share during the forecast period as consumers prefer to buy goods from niche specific retail stores, where they have many choices in terms of brands and prices. High-quality customized products and pet food in these stores are readily available. On the other hand, the online channels segment is expected to grow at a robust pace as millennials are increasingly inclined to shop online. The sales of pet food through online channels is expected to increase globally in the next few years. Online channels offers various brands, high quality foods and door step delivery facilities. Such factors are expected to contribute to the market segment.

Pet Food Market by distribution channels

North America is expected to dominate the market

On the basis of regions, the pet food market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The regional market growth is attributed to the emergence of private-labeled stores, rapid urbanization, and increasing disposable income. Additionally, local producers are expanding their influence in the domestic market by providing natural products. Increasing emphasis on buying healthy and nutritious food for their pets is anticipated to promote the sale of different types of dog food products in the country.

Segments

Segments Covered in the Report
The global pet food market has been segmented on the basis of

Animal Types

  • Dog
  • Cat
  • Other Animal types

Product Types

  • Dry Pet Foods
  • Wet Pet Foods
  • Veterinary Diets
  • Treat and Snacks
  • Other Products

Ingredient Types

  • Animal Derived
  • Plant Derived
  • Cereals and Cereals Derivatives
  • Other Ingredient Types

Distribution Channels

  • Specialized Pet Shops
  • Supermarkets
  • Online Channel
  • Other Channels

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Mars Inc.
  • Nestle Purina Petcare Company
  • Blue Buffalo Pet Products Inc.
  • Colgate Palmolive Company (Hill’s Pet Nutrition Inc.)
  • The J.M. Smucker Company (Big Hearts Pet Brand Inc.

Competitive Landscape

Key players competing in the global pet food market include Mars Inc., Nestle Purina Petcare Company, Blue Buffalo Pet Products Inc., Colgate Palmolive Company(Hill’s Pet Nutrition Inc.), and The J.M. Smucker Company (Big Hearts Pet Brand Inc.)

The global pet food market has merged with major global players with significant market share. Market competition is driven by customer loyalty. Since pets usually crave the same brand of food, they will use it during specific growing seasons.

In January 2019, Hill's Pet Nutrition launched a series of functional dog foods specifically designed to support mobility, food allergies, dogs' weight, and dental problems.

Pet Food Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pet Food Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Pet Food Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Pet Food Market - Supply Chain
  4.5. Global Pet Food Market Forecast
     4.5.1. Pet Food Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Pet Food Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Pet Food Market Absolute $ Opportunity
5. Global Pet Food Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Pet Food Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Pet Food Demand Share Forecast, 2019-2026
6. North America Pet Food Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Pet Food Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Pet Food Demand Share Forecast, 2019-2026
7. Latin America Pet Food Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Pet Food Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Pet Food Demand Share Forecast, 2019-2026
8. Europe Pet Food Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Pet Food Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Pet Food Demand Share Forecast, 2019-2026
9. Asia Pacific Pet Food Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Pet Food Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Pet Food Demand Share Forecast, 2019-2026
10. Middle East & Africa Pet Food Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Pet Food Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Pet Food Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Pet Food Market: Market Share Analysis
  11.2. Pet Food Distributors and Customers
  11.3. Pet Food Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Mars Inc.
     11.4.2. Nestle Purina Petcare Company
     11.4.3. Blue Buffalo Pet Products Inc.
     11.4.4. Colgate Palmolive Company (Hill’s Pet Nutrition Inc.)
     11.4.5. The J.M. Smucker Company (Big Hearts Pet Brand Inc.

Segments Covered in the Report
The global pet food market has been segmented on the basis of

Animal Types

  • Dog
  • Cat
  • Other Animal types

Product Types

  • Dry Pet Foods
  • Wet Pet Foods
  • Veterinary Diets
  • Treat and Snacks
  • Other Products

Ingredient Types

  • Animal Derived
  • Plant Derived
  • Cereals and Cereals Derivatives
  • Other Ingredient Types

Distribution Channels

  • Specialized Pet Shops
  • Supermarkets
  • Online Channel
  • Other Channels

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Mars Inc.
  • Nestle Purina Petcare Company
  • Blue Buffalo Pet Products Inc.
  • Colgate Palmolive Company (Hill’s Pet Nutrition Inc.)
  • The J.M. Smucker Company (Big Hearts Pet Brand Inc.

Key players competing in the global pet food market include Mars Inc., Nestle Purina Petcare Company, Blue Buffalo Pet Products Inc., Colgate Palmolive Company(Hill’s Pet Nutrition Inc.), and The J.M. Smucker Company (Big Hearts Pet Brand Inc.)

The global pet food market has merged with major global players with significant market share. Market competition is driven by customer loyalty. Since pets usually crave the same brand of food, they will use it during specific growing seasons.

In January 2019, Hill's Pet Nutrition launched a series of functional dog foods specifically designed to support mobility, food allergies, dogs' weight, and dental problems.

Pet Food Market by key players

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