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

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Global Pet Food Market: By Product (Dry Food, Wet/Canned Food, Nutritious Food, Snacks/Treats and Others), By Application (Dog, Cat and Others), By Sales Channel (Specialized Pet Shops, Internet Sales, Hypermarkets and Others (Grocery Stores, Non-grocery Stores)) and Geography

 

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Report

Description

Pet Food Market size was valued at 41.15 Billion in 2021 and is estimated to reach 1055.54 Billion by 2028, at a CAGR of 6.6% during the forecast period 2022 to 2028. Some of the key factors fueling the market growth include increase in pet expenditure with a substantial rise in pet food expenditure, rising pet humanization and pet ownership, growing urbanization, the emergence of private label store brands, increased awareness about pet health and rising per capita income of the consumer. However, non-uniformity of regulations, limited availability of ingredients and price sensitivity will limit the market growth. In addition, technological advancements to enhance product developments, increase in ownership of pets in developing nations and rise in e-commerce sales provides huge growth opportunity for the market growth. Product demand is expected to be driven by convenience benefits associated with dry organic and natural pet food. Organic and natural pet meals are employed on a big basis, unlike most conventional pet feeds. Over the projected period, the pet food market is expected to be driven by rising dog food demand and increased traction in the luxury pet food category. Due to its simplicity in terms of storage and feeding dogs without making a mess, dry food is seeing tremendous development in demand as compared to other product rivals. This has a good impact on urban consumers, who are increasingly choosing dry pet food.

Pet Food Market

MARKET SUMMARY
-
6.6%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.6%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Pet Food Market

  • Global pet food market report gives comprehensive outlook on pet food across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
  • The report on global market gives historical, current, and future market sizes (US$ Bn) on the basis of product, application, sales channel and region.
  • This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global pet food market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global pet food products.
Market Key Players
  • Nestlé Purina
  • Mars Incorporated
  • Hill’s Pet Nutrition, Inc.
  • Blue Buffalo Pet Products, Inc.
  • The J.M. Smucker Company
  • WellPet LLC
  • Diamond Pet Foods
  • Deuerer
  • Omega Protein Corporation
Growth

Pet Food Market

Dry Food accounted for larger revenue share in global pet food market with a CAGR of XX% and is expected to grow over the forecast years. Dry pet food is extremely favored as it can be simply stored and transported. The cost savings related with the ease of storage and transportation of such food products benefit the customers. Moreover, dry pet food is associated with least storage risk and also facilitates the maintenance of oral hygiene in pets. Dry pet food can be simply arranged in food puzzle toys and facilitates the controlled intake of food by pets.


North-America Got Significant Share

Pet Food Market

North America accounted for larger revenue share in global pet food market with a CAGR of XX% and is expected to grow over the forecast years. North America is anticipated to held largest pet food market share and will present numerous growth opportunities to market players during the predicted period. The pet humanization trend and the rising demand for nutritional and premium pet food will considerably influence market growth in this region.US is one of the key markets for pet food in North America. Asia Pacific held significant market share during estimated period owing to increasing demand for premium dog food.

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

Key

Notable Market Developments

  • In April 2020, Nestle Purina Petcare Company completed the acquisition of Lily’s Kitchen, a prominent dog and cat natural food producer. The aim behind this acquisition was to expand its natural pet food product portfolio, as the demand for natural food products for pets is intensifying significantly.
  • In January 2017, Mars Inc acquired Procter & Gamble’s pet care brands outside Europe. This acquisition helped Mars Inc to expand its relatively weak premium offer and strengthened its underdeveloped presence in the US market.

Key

Key Features of the Report


Key

Key features of the report

Pet Food 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

  1. Executive Summary
  2. Global Pet Food Market Introduction
    • Global Pet Food Market – Taxonomy
    • Global Pet Food Market –Definitions
      • Product
      • Application
      • Sales Channel
  3. Global Pet Food Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Pet Food Market Dynamic Factors – Impact Analysis
    • Global Pet Food Market – Competition Landscape
  4. Global Pet Food Market Analysis,2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis,2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Pet Food Market, By Product, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Dry Food
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Wet/Canned Food
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Nutritious Food
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Snacks/Treats
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Pet Food Market, By Application, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Dog
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cat
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Pet Food Market, By Sales Channel, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Specialized Pet Shops
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Internet Sales
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hypermarkets
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others (Grocery Stores, Non-grocery Stores)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Pet Food Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Pet Food Market – Opportunity Analysis Index, By Product, Application, Sales Channel and Region, 2020 – 2026
  2. North America Pet Food Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Dry Food
      • Wet/Canned Food
      • Nutritious Food
      • Snacks/Treats
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Dog
      • Cat
      • Others
    • Sales Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Specialized Pet Shops
      • Internet Sales
      • Hypermarkets
      • Others (Grocery Stores, Non-grocery Stores)
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Pet Food Market – Opportunity Analysis Index, By Product, Application, Sales Channel and Country, 2020 – 2026
    • North America Pet Food Market Dynamics – Trends
  3. Europe Pet Food Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Dry Food
      • Wet/Canned Food
      • Nutritious Food
      • Snacks/Treats
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Dog
      • Cat
      • Others
    • Sales Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Specialized Pet Shops
      • Internet Sales
      • Hypermarkets
      • Others (Grocery Stores, Non-grocery Stores)
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Europe Pet Food Market – Opportunity Analysis Index, By Product, Application, Sales Channel and Country, 2020 – 2026
    • Europe Pet Food Market Dynamics – Trends
  4. Asia-Pacific Pet Food Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Dry Food
      • Wet/Canned Food
      • Nutritious Food
      • Snacks/Treats
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Dog
      • Cat
      • Others
    • Sales Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Specialized Pet Shops
      • Internet Sales
      • Hypermarkets
      • Others (Grocery Stores, Non-grocery Stores)
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • China
      • Japan
      • India
      • Australia & New Zealand
      • Rest of APAC
    • Asia-Pacific Pet Food Market – Opportunity Analysis Index, By Product, Application, Sales Channel and Country,2020 – 2026
    • Asia-Pacific Pet Food Market Dynamics – Trends
  5. Latin America Pet Food Market Analysis,2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Dry Food
      • Wet/Canned Food
      • Nutritious Food
      • Snacks/Treats
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Dog
      • Cat
      • Others
    • Sales Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Specialized Pet Shops
      • Internet Sales
      • Hypermarkets
      • Others (Grocery Stores, Non-grocery Stores)
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Argentina
      • Mexico
      • Rest of LATAM
    • Latin America Pet Food Market – Opportunity Analysis Index, By Product, Application, Sales Channel and Country, 2020 – 2026
    • Latin America Pet Food Market Dynamics – Trends
  6. Middle East and Africa Pet Food Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Dry Food
      • Wet/Canned Food
      • Nutritious Food
      • Snacks/Treats
      • Others
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Dog
      • Cat
      • Others
    • Sales Channel Analysis 2015 – 2019and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Specialized Pet Shops
      • Internet Sales
      • Hypermarkets
      • Others (Grocery Stores, Non-grocery Stores)
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • South Africa
      • Turkey
      • GCC Countries
      • Rest of MEA
    • MEA Pet Food Market – Opportunity Analysis Index, By Product,Application, Sales Channel and Country, 2020 – 2026
    • MEA Pet Food Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Application& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Nestlé Purina
      • Mars Incorporated
      • Hill’s Pet Nutrition, Inc.
      • Blue Buffalo Pet Products, Inc.
      • The J.M. Smucker Company
      • WellPet LLC
      • Diamond Pet Foods
      • Deuerer
      • Omega Protein Corporation
      • Nutriara Alimentos Ltd.
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Nestlé Purina
  • Mars Incorporated
  • Hill’s Pet Nutrition, Inc.
  • Blue Buffalo Pet Products, Inc.
  • The J.M. Smucker Company
  • WellPet LLC
  • Diamond Pet Foods
  • Deuerer
  • Omega Protein Corporation
  • Nutriara Alimentos Ltd.

Description

Pet Food Market size was valued at 41.15 Billion in 2021 and is estimated to reach 1055.54 Billion by 2028, at a CAGR of 6.6% during the forecast period 2022 to 2028. Some of the key factors fueling the market growth include increase in pet expenditure with a substantial rise in pet food expenditure, rising pet humanization and pet ownership, growing urbanization, the emergence of private label store brands, increased awareness about pet health and rising per capita income of the consumer. However, non-uniformity of regulations, limited availability of ingredients and price sensitivity will limit the market growth. In addition, technological advancements to enhance product developments, increase in ownership of pets in developing nations and rise in e-commerce sales provides huge growth opportunity for the market growth. Product demand is expected to be driven by convenience benefits associated with dry organic and natural pet food. Organic and natural pet meals are employed on a big basis, unlike most conventional pet feeds. Over the projected period, the pet food market is expected to be driven by rising dog food demand and increased traction in the luxury pet food category. Due to its simplicity in terms of storage and feeding dogs without making a mess, dry food is seeing tremendous development in demand as compared to other product rivals. This has a good impact on urban consumers, who are increasingly choosing dry pet food.

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