North America Pet Food Market Growth, Industry Trends | 2031

Report Description

North America Pet Food Market Outlook 2031:

The North America pet food market size was valued at USD 27.92 Billion in 2022 and is expected to reach USD 36.62 Billion by 2031 projected to expand at a CAGR of 3.67% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing pet adoption and growing concern for pet health.

Growing pet humanization trends, fueled by high-disposable income pet owners, are driving the pet food manufacturing business forward. Consumer expenditure on specialized pet food items increases as consumer awareness of pet specific intolerances and allergies grows.

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Higher spending on nutritious pet diets and customers wants more specialized pet food, which is helping to boost pet food manufacturing. However, preservative and additivities food items causing allergies in pets resulted from pet owners' growing worries about their pets' health.

The rise in the number of elderly couples and dual income, no child households, as well as increased disposable money are pushing worldwide pet adoption which is a major element driving the need for pet food in the country.

The American Society for the Prevention of Cruelty to Animals (ASPCA) claims that Every year, around 6.5 million animals enter shelters, but only 3.2 million are adopted. According to the 2021-2022 APPA National Pet Owners Survey, 70% of U.S. households own a pet, which equates to 90.5 million homes.

The American Pet Products Association, Inc. claims that in 2020, the United States will spend $103.6 billion on our pets, with Pet Food & Treats accounting for $42.0 billion on average.

Manufacturers are now producing products tailored to a pet's breed, age, and size in smaller, disposable, single-serve containers to make life easier for both pets and owners. Aside from that, pet food manufacturers are working on organic versions of their products, which are prepared with ingredients farmed without the use of pesticides, synthetic fertilizers, hormones, or antibiotics.

Increasing desire for pert food packaging that is both protective and instructive. As a result, pet food producers are stepping up their efforts to design environmentally friendly pet food packaging. Concerns about the impact of plastic on the environment have prompted a surge in the development of sustainable packaging alternatives.

In the pet food industry, product innovation is gaining traction. Dry food choices for cats and dogs inspired by regional cuisines are being introduced by leading pet food firms.

Covid 19 has an overall positive affect on the market as global lockdown leads to generate the need for companions mostly among individuals living single, Moreover work from home enables them to keep a pet with them which leads to growth in demand for pet food.

North America Pet Food Market Trends, Drivers, Restraints, and Opportunities

• Increasing pet owners’ conscious for the nutrient pet food products is projected to boost the market during the forecast period.
• Rising pet adoption is anticipated to drive the market expansion in the coming years.
• Growing demand for preservative and artificial flavor free products contains only natural ingredients are expected to propel the market.
• Increasing animal adoption and animal care centers in the country are estimated to spur the market.
• Rapid growth of the food & beverages industry is main factors boosting the market growth in the coming years.
• Rising demand for plant-based meat pet food products is projected to surge the product demand.
• Increasing risk of disease spread by animal’s act as a major challenge to hinder the market growth.
• Process innovation and sophisticated transportation capabilities are expected to create significant opportunities for the market players.

Scope of the North America Pet Food Market Report

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

North America Pet Food Market Segment Insights

The dry pet food segment is projected to account for a major market share

Based on products, the North America pet food market is divided into wet pet food, dry pet food, treats & snacks, veterinary diets, and others. The dry pet food segment is expected to represent a key share of the market during the forecast period owing to its have longer shelf life, convenient to transport and cost effective.

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The dog segment is expected to grow at a robust pace

On the types, the North America pet food market is segmented into dog, cat, bird, and others. The dog segment is expected to hold a key share of the market in the coming years owing to commonly adopted pet in the region. According to APPA national pet owners survey approx. 75% of households owns a dog pet.

The supermarket/hypermarket segment is expected to expand at a significant pace

In terms of distribution channels, the North America pet food market is segmented into supermarket/hypermarket, specialty stores, online channel, and others.

The supermarket/hypermarket segment is expected to represent a key share of the market in the coming years due to availability of large variety of products. However, the online segment is anticipated to expand at a rapid pace during the forecast period owing to rising present of novel and premium pet food product on the e commerce sites.

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