Pet Food Market Size, Share & Growth Analysis, 2023-2031
Pet Food Market Size, Share & Growth Analysis, 2023-2031
Segments - Russia Pet Food Market by Animal Types (Cats, Dogs, Birds, and Others), Product Types (Wet Food, Dry Food, Treat/Snacks, and Others), and Distribution Channels (Online Channel, Specialized Pet Shops, Supermarkets/Hypermarkets, and Others), and Country - Russia Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Published : Oct, 2020
| Report ID :CG-2653
| 4.4 Rating
| 84 Reviews
| 152 Pages
| Format :
Pet Food Market: Key Numbers
The Pet Food market was valued at USD 3.53 Billion in 2022 and is projected to reach USD 5.67 Billion by 2031, a CAGR of 5.4%.
| Market size (2022) | USD 3.53 Billion |
|---|---|
| Forecast (2031) | USD 5.67 Billion |
| CAGR (2023-2031) | 5.4% |
| Key companies | Nestle Purina PetCare Company, The J.M. Smucker Company, Mars Inc., Blue Buffalo Co., Ltd., Hill's Pet Nutrition |
The Russia Pet Food Market size was valued at USD 3.53 Billion in 2022 and is expected to surpass USD 5.67 Billion by 2031, expanding at a CAGR of 5.4% during the forecast period, 2023 – 2031. The growth of the market is attributed to the easy availability of pet food on online stores and convenience stores.
Pet food is an animal feed, generally sold in supermarkets and pet stores. The meat used for production of animal food is byproduct of the human food industry and not for the human consumption. The ingredients such as beef and bone meal, meat and bone meal, animal digest, and animal fat are extracted from animal sources. It consists of cereals, meat, meat byproducts, vitamins, grains, and minerals.
The COVID-19 outbreak negatively impacted the Russia pet food market. During lockdown, pet shops were permitted to carry on their operation; however, the revenue reduced owing to customer preference to buy products from online platforms to mitigate the spread of the virus.
Market Trends, Drivers, Restraints, and Opportunities
-
Increasing penetration of retail sales is anticipated to drive the market growth.
-
Availability of pet food on e-commerce platforms to buy goods without any physical constraints to the consumers is estimated to propel the growth of the market.
-
Rising pet ownership in country is expected to spur the growth of the market.
-
Stringent regulations associated with pet food can restraint the growth of the market.
-
Lower acceptance for a premium or high-priced pet food across some markets can hamper the market growth.
-
Pet food manufacturers require high capital investments and also require timely maintenance can create challenges for the market growth.
Scope of Russia Pet Food Market Report
The report on the Russia 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 - Russia Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Animal Types (Cats, Dogs, Birds, and Others), Product Types (Wet Food, Dry Food, Treat/Snacks, and Others), and Distribution Channels (Online Channel, Specialized Pet Shops, Supermarkets/Hypermarkets, and Others) |
|
Country |
Russia |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Nestle Purina PetCare Company; The J.M. Smucker Company; Mars Inc.; Blue Buffalo Co., Ltd.; and Hill's Pet Nutrition |
Pet Food Market Segment Insights
Dogs segment is anticipated to constitute a key market share
In terms of animal types, the market is categorized as cats, dogs, birds, and others. The dogs segment is expected to constitute a key share of the market during the projected period due to increasing adoption of dog as pet animal and many companies are focusing on offering dog food products. Rising preference for dogs’ ownership in urban cities is spurring the segment growth. Dog require several types of nutrition to lead a healthy life. Therefore, the dog owners are aiming to supply suitable pet food products that contain nutrients.
Dry food segment is expected to grow at a rapid pace
Based on product types, the market is classified as wet food, dry food, treat/snacks, and others. The dry food segment is projected to expand at a considerable CAGR during the forecast period. Dry food is convenient as it takes good oral care for dogs & cats by utilizing marginal tartar collection on the animal’s teeth. Dry food offers chewing and crunch, which is essential for preserving health of animal. This product eliminates requirement of freezing in canned food, driving the growth of the market segment.
Online channel segment to hold a major market share
On the basis of distribution channels, the market is segregated into online channel, specialized pet shops, supermarkets/hypermarkets, and others. The online channel segment is expected to constitute a key share of the market during the projected period. Online retailers offer on-door delivery, provide variety of products with their information, and frequently offer discounts to the consumers. On the other hand, the specialized pet shops segment is anticipated to exhibit a healthy CAGR during the forecast period.
Segments
The Russia pet food segmented on the basis of:
Animal Types
- Cats
- Dogs
- Birds
- Others
Product Types
- Wet Food
- Dry Food
- Treat/Snacks
- Others
Distribution Channels
- Online Channel
- Specialized Pet Shops
- Supermarkets/Hypermarkets
- Others
Country
- Russia
Key players
- Nestle Purina PetCare Company
- The J.M. Smucker Company
- Mars Inc.
- Blue Buffalo Co., Ltd.
- Hill's Pet Nutrition
Competitive Landscape
The key players competing in the Russia pet food market are Nestle Purina PetCare Company; The J.M. Smucker Company; Mars Inc.; Blue Buffalo Co., Ltd.; and Hill's Pet Nutrition.
-
In September 2020, Nestle Purina PetCare Company expanded its production line with the objective of expanding the supply chain in the country.
-
In January 2019, Mars Inc. launched an 11+ year range of pet products for older cats and relaunched its Whiskas pouch to spot healthy ingredients on the design of the pack.
Frequently Asked Questions
The report covers market analysis and size, competitive landscape, growth factors, trends, revenue forecast, company share, and segmentation by animal type, product type, and distribution channel.
Major companies include Nestle Purina PetCare Company, The J.M. Smucker Company, Mars Inc., Blue Buffalo Co., Ltd., and Hill's Pet Nutrition.
Challenges include stringent regulations, lower acceptance of premium or high-priced pet food, and the high capital investment required for manufacturers.
The online channel segment is expected to hold a major market share, thanks to on-door delivery, product variety, and frequent discounts.
The main product types are wet food, dry food, treats/snacks, and others, with dry food expected to grow at a rapid pace due to its convenience and health benefits.
The dogs segment is anticipated to constitute a key market share due to increasing dog ownership and a focus on dog nutrition products.
The COVID-19 outbreak negatively impacted the market, with reduced revenue for pet shops as customers shifted to buying pet food online to avoid physical stores.
Key growth drivers include increasing penetration of retail sales, rising pet ownership, and the easy availability of pet food on online and convenience stores.
The Russia pet food market is expected to surpass USD 5.67 billion by 2031, expanding at a CAGR of 5.4% from 2023 to 2031.
The Russia pet food market was valued at USD 3.53 billion in 2022.
Table Of Content
1. Executive Summary2. 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. Nestle Purina PetCare Company
11.4.2. The J.M. Smucker Company
11.4.3. Mars Inc.
11.4.4. Blue Buffalo Co., Ltd.
11.4.5. Hill's Pet Nutrition
Methodology
Related Reports
Some other reports from this category!
Our Clients
