Pet Food Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Dry Food, Wet/Canned Food, Nutritious Food, Snacks/Treats Others), By Application (Dog, Cat Others), By Sales Channel (Specialized Pet Shops, Internet Sales, Hypermarkets Others), and Region Forecast 2020-2031

Pet Food MarketMarket size was valued at US$ 100.8 billion in 2024 and is expected to reach US$ 138.1 billion by 2031, growing at a significant CAGR of 4.6% from 2025-2031. The global market provides a detailed overview of the size, and that can be segmented by product, by application, and by Sales channel. By product, the market has been segmented into Dry Food, Wet/Canned Food, Nutritious Food, Snacks/Treats, and other types. The Dry Food segment is likely to be the largest and fastest-growing segment in terms of product. The rise of this segment is mainly because it is beneficial in certifying proper oral care in dogs with minor tartar accumulation on the animal's teeth and by dropping plaque.

Furthermore, this product type bids the chewing and crunch needed for sustaining the complete health of animals. Dry food removes the requirement for freezing, as in the case of canned food. Based on Application, the market is segmented into Dog, Cat and Others. Among these, the Dog segment is expected to have the fastest-growing market during the forecast period 2024-2030.

Increasing consumer awareness concerning pet health has led to an improved emphasis on improving the weight of dogs and keeping their overall health. Customers are choosing between various available foods and are extremely reliant on brands of the product. Producers are constantly concentrating on the incoming premium food products segment and thereby enhancing their overall profit margin. Based on the Sales channel, the market is segmented into Specialized Pet Shops, Internet Sales, Hypermarkets, and Others (Grocery Stores, Non-grocery Stores). The Hypermarkets segment is expected to have a significant share in 2021. The rise of this segment is mainly because of the high customer preference for purchasing products from big retail stores, where they can access plenty of choices in terms of prices and brands.  

Key Developments

• On February 18, 2025 - Colgate-Palmolive Company has announced that the company has agreed to acquire Care TopCo Pty Ltd, owner of pet food brand Prime100. According to the company, the acquisition will expand its Hill’s Pet Nutrition division into the fresh pet food category while also complementing its existing science-based, veterinarian-endorsed specialty pet food offerings.
• On June 17, 2024 – Kennelpak, the pet specialist wholesaler, brand owner and distributor, announced an expansion of its exclusive distributor partnership with the world’s largest grain-free and natural petfood producer Diamond Pet Foods. The development of the relationship will see US-based Diamond Pet Foods supply its mid-range brand, Diamond Naturals dry dog and cat food, to the UK’s rapidly-growing natural petfood category.
• On May 15, 2024 - Nestlé Purina announced the investment of CHF 200 million to expand its pet food plant in the city of Silao in Mexico. This expansion will include the addition of a third line for wet pet food and a fourth line for dry pet food, making the factory the largest for pet food in Latin America. The Mexican market is the most important for Purina in Latin America, representing 45% of Purina's total sales in the region. It is also the fourth-largest market for Purina worldwide, highlighting the growing importance of emerging economies for the pet food business.