Pet Feed Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016 to 2021 and Forecast 2022 to 2028

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Pet Feed Market: By Feed Type (Wet feed, Snacks, Others), By Medicinal Value (Medicated feed, Antibiotics, Vitamins & minerals, Proteins, Others, Non-medicated feed, Plant source, Animal source), Animal Type (Canines, Feline, Rabbit, Others), Distribution Channel (Veterinary pharmacies,Online pharmacies,Supermarkets,Others), Geography.

 

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Report

Description

The global Pet Feed Market is expected to grow at a CAGR of 5% during the forecast period 2022 to 2028. Pet feed market is the animal or plant source material intended to provide the balanced diet to pets. The most commonly adopted pet animals are felines, canines, and rabbits etc. Pet feed is classified into two types namely, medicated feed and non-medicated feed. Medicated feed is used in the treatment of various diseases by mixing the medicament with normal feed, while the non-medicated feed is used to feed the pet animals to make them healthy. Global market is in the growing stage due to rise in the production of pet feed products. Pet feed helps to make the animal health and improve the physiological function and reproduction. Players are focusing on the manufacturing of ready to use pet feed products, which can be used directly without any cooking process. Lack of fortified minerals and nutrients in the natural pet feed is a key driver for the market growth. Acquisitions and mergers, collaborations, and getting marketing approvals are some key strategies followed by the players to gain a dominant share in market. The worldwide market is expected to rise in the projected period, because to rising pet parenting and increased awareness of feeding pets quality and packaged pet food. Premiumization and humanization trends are projected to remain important drivers of market growth over the long term over the forecast period. Pet owners are becoming more concerned about their pets’ health and nutrition as a result of the global pet humanization movement, which is predicted to enhance sales of organic, premium, and custom-made items over the research period.

Pet Feed Market

MARKET SUMMARY
-
5% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR–5%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Pet Feed Market

  • The report on global Pet Feed Market gives historical, current, and future market sizes (US$ Mn) on the basis of feed type, medicinal value, animal type, distribution channel and geography.
  • Pet Feed Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Key Players
  • Mars Petcare Inc. (U.S.)
  • P&G Pet Care (U.S.)
  • Nestlé Purina PetCare Co. (U.S.)
  • Del Monte Foods Co. (U.S.)
  • Hill’s Pet Nutrition Inc. (U.S.)
Dynamics

Pet Feed Market

Increase in the adoption of pet animals such as felines and canines, the rise in the prevalence of various pet animal diseases, growing disposable income, and availability of different pet feed products expected to fuel the growth of pet feed market over the forecast period. In addition, growing expenditure for the pet animal welfare, increase in the production of pet feed with required nutritional values, and rise in the awareness about pet animal diseases are anticipated to boost the market. However, the high cost of the pet feed, lack of awareness about the medicated pet feed, product recalls, and lack of specific pet market regulations expected to hinder the Global pet feed market over the forecast period.


North-America got significant share

Pet Feed Market

Geographically, Global pet feed market is segmented into the following regions Viz. North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Increase in the adoption of pet animals in North America region (according to American Pet Products Association, approximately 155 Mn canines and felines were owned in the U.S.), a rise in animal welfare expenditure, and availability of ready to feed products in the market are anticipated to drive the North America pet feed market. Europe accounts for a major share owing to increase in the pet adoption, and rise in the prevalence of diseases. In Asia Pacific region, increase in the adoption of pet animals majorly in China, Japan, New Zealand, and Australia, increase awareness about animal care, and rise in the prevalence of infectious diseases are expected to bolster the pet feed market. However, due to lack of awareness and dearth of the availability of the products in Latin America and Middle East & Africa regions are driving the market growth moderately.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, and forecast
  • The report covers in-detail insights about the competitor’s overview, key findings, and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments, and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Pet Feed Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • Mars Petcare Inc. (U.S.)
  • P&G Pet Care (U.S.)
  • Nestlé Purina PetCare Co. (U.S.)
  • Del Monte Foods Co. (U.S.)
  • Hill’s Pet Nutrition Inc. (U.S.)
  • Affinity Petcare SA (Agrolimen SA) (Spain)
  • Nippon Pet Food (Japan)
  • Ainsworth Pet Nutrition (U.S.)
  • Heristo AG (Germany)

Description

The global Pet Feed Market is expected to grow at a CAGR of 5% during the forecast period 2022 to 2028. Pet feed market is the animal or plant source material intended to provide the balanced diet to pets. The most commonly adopted pet animals are felines, canines, and rabbits etc. Pet feed is classified into two types namely, medicated feed and non-medicated feed. Medicated feed is used in the treatment of various diseases by mixing the medicament with normal feed, while the non-medicated feed is used to feed the pet animals to make them healthy. Global market is in the growing stage due to rise in the production of pet feed products. Pet feed helps to make the animal health and improve the physiological function and reproduction. Players are focusing on the manufacturing of ready to use pet feed products, which can be used directly without any cooking process. Lack of fortified minerals and nutrients in the natural pet feed is a key driver for the market growth. Acquisitions and mergers, collaborations, and getting marketing approvals are some key strategies followed by the players to gain a dominant share in market. The worldwide market is expected to rise in the projected period, because to rising pet parenting and increased awareness of feeding pets quality and packaged pet food. Premiumization and humanization trends are projected to remain important drivers of market growth over the long term over the forecast period. Pet owners are becoming more concerned about their pets’ health and nutrition as a result of the global pet humanization movement, which is predicted to enhance sales of organic, premium, and custom-made items over the research period.

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