North America Pet Food Market by Products (Wet Pet Food, Dry Pet food, Treats & Snacks, Veterinary Diets, and Others), Pet Types (Dog, Cat, Bird, and Others), Distribution Channels (Supermarket/Hypermarket, Specialty Stores, Online Channel, and Others) and Region- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
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.
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.
Attributes |
Details |
Report Title |
North America Pet Food Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Products (Wet Pet Food, Dry Pet food, Treats & Snacks, Veterinary Diets, and Others), Pet Types (Dog, Cat, Bird, and Others), Distribution Channels (Supermarket/Hypermarket, Specialty Stores, Online Channel, and Others) |
Regional Scope |
North America |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Hill's Pet Nutrition Inc.; Mars; Nestle Purina Petcare Company; Nutro; Harringtons Pet Food |
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.
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.
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. Hill's Pet Nutrition Inc.
11.4.2. Mars
11.4.3. Nestle Purina Petcare Company
11.4.4. Nutro
11.4.5. Harringtons Pet Food