United States Pet Food Market By Pet Type (Dog, Cat, Fish and Others), By Food Type (Dry, Wet, Others), By Distribution Channel (Supermarket/Hypermarket, Pet Shop/ Pet Specialty Shop, Butcher and Online), By Region, By Company, Forecast & Opportunities, 2024-2032
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUnited States Pet Food Market By Pet Type (Dog, Cat, Fish and Others), By Food Type (Dry, Wet, Others), By Distribution Channel (Supermarket/Hypermarket, Pet Shop/ Pet Specialty Shop, Butcher and Online), By Region, By Company, Forecast & Opportunities, 2024-2032
The United States pet food market size is anticipated to grow at impressive CAGR during the forecast period. The term "pet food" describes a food product designed to satisfy the taste buds and meet the nutritional needs of domesticated animals. Meat, peas, corn, barley, seafood, feed grain, and poultry are some of the ingredients used to make pet food. Pet food also has a number of health advantages, including enhancing immunity, lengthening life expectancy, preserving a healthy weight, lowering the risk of allergies and skin conditions, and minimizing digestive issues. The humanization of pets in recent years has inspired owners to treat their animals like members of the family. Owners now spend more money on wholesome pet food as they become more concerned about their animals' wellbeing and healthy development. As a result, producers are putting more effort into finding ethically sound products and implementing modifications to the manufacturing process. 66% of U.S. households, or about 86.9 million households, own a pet, according to the 2023-2024 National Pet Owners Survey conducted by the American Pet Products Association (APPA).
The US market is characterized by high levels of consumer awareness and interest in ingredient content. A wide range of Old Mother Hubbard Classic products are offered on various online retail sites. A significant opportunity for low-cost marketing of the innovative and novel product lines created by emerging companies is the growing penetration of the e-commerce sector. Along with rising prices for pet foods in the nation, numerous players are launching cutting-edge products that are driving the market.
The industry for pet food is driven by pet humanization. Spending on premium, sustainable, and organic goods has also increased due to the growing interest in pet nutrition and health. Branded and highly nutritious food items are preferred by high income households.
United States Pet Food Market Trends
The main driver of growth in the pet food industry in the US is the rising adoption of pets as a result of the high rate of family nuclearization. In addition, with high income levels and shifting consumer preferences, packaged and branded pet food demand has grown nationwide. Additionally, the market growth has been aided by the widespread availability of natural pet food and the emergence of e-commerce platforms. Furthermore, the demand for nutrient-rich, energy-dense pet food products that are healthy and safe for consumption has been boosted by shifting attitudes toward pet ownership and an increase in pet owners' awareness of pet health. As a result, many producers have released organic and natural food items devoid of artificial fertilizers, pesticides, antibiotics, artificial coloring, and chemical by-products. They have additionally created creative product variations with flavor enhancers and longer shelf lives.
New Product Launches Fuels Market Growth
Manufacturers are launching new products due to high demand of these products in United States. For instance, PawCo launched the availability of its proprietary, meat-free plant-based dog food. It includes all the vital vitamins, minerals, and amino acids that the majority of adult dogs require to thrive. A variety of fruit and vegetables are combined with plant-based protein in its product offerings, such as peanut butter and apples, green mix and carrots, and blueberries and vegetables. The foods are also suggested for allergic pets because they don't contain any animal products.
Rising Pet Ownership Aids Market Growth
One of the key factors driving the market is anticipated to be the rising pet ownership rate across the globe, particularly in developed nations like United States. Pet owners are more likely to choose wholesome, high-quality food for their animals as a result of the trend toward treating pets as human beings, which further accelerates the market growth. Additionally, consumers are encouraged to spend money on organic products to maintain the health of their pets by the rising per capita income of consumers. However, another growth-promoting factor for the pet food market in United States is the simple availability of goods in various price ranges.
Market Segmentation
United States pet food market is segmented into pet type, food type, distribution channel, region, and company. Based on pet type, the market is segmented into dog, cat, fish and others. Based on food type, the market is segmented into dry, wet, others. Based on distribution channels, the market is segmented into supermarket/hypermarket, pet shop/ pet specialty shop, butcher and online.
Market Players
Nestlé Purina PetCare Company (Nestle S.A.), Mars Inc., Diamond Pet Foods, Inc. (SCHELL & KAMPETER, INC.), The J.M. Smucker Company, Colgate-Palmolive Company, Blue Buffalo Company, Ltd., The Hartz Mountain Corporation, Wellness Pet Company, Inc., Simmons Foods, Inc., Stella & Chewy’s, LLC
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