Global Pet Food Market Size By Type (Dry Pet Food, Wet Pet Food, Veterinary Diet Food), By Application (Dog, Cat), By Geographic Scope And Forecast

Pet Food Market Size And Forecast

Pet Food Market size was valued at USD 100.17 Billion in 2022 and is projected to reach USD 143.45 Billion by 2030, growing at a CAGR of 4.48% from 2023 to 2030.

As more people around the world acquire pets, the global pet food business is expanding at a faster rate. Over the course of the forecast period, the demand for dog food is expected to increase along with the share of luxury pet foods. The market is comprehensively evaluated in the study on the global Pet Food Market. The study offers a thorough analysis of the market’s major segments, trends, drivers, obstacles, competitive environment, and other crucial components.

Global Pet Food Market Definition

Pet meals are commercially produced, raw, or chilled pet foods that include fresh fruit and vegetable components. dietary supplements, meats, and bones. Fresh pet foods have a shorter shelf life than manufactured pet foods, but they contain more nutrients and are easier to digest, which reduces the amount of garden cleaning required. Pet owners today favor pet diets that have high-quality ingredients that offer significant health advantages. Freshness is typically associated with pet foods that are human-grade and contain premium ingredients. Due to the absence of additives, human-grade pet meals improve digestion and help pets develop robust immune systems.

Pet owners are likely to adopt human-grade pet diets as a result of the increased humanization of animals. Additionally, a large number of market merchants are concentrating on providing fresh pet foods of human-grade. For instance, JustFoodForDogs provides fresh pet foods of the highest quality. The company sells fresh pet foods with components that are USDA-approved for human consumption. As a result of the growing acceptance of human-grade pet diets, pet food growth is anticipated during the projection period.

Global Pet Food Market Overview

Over the course of the forecast period, the demand for dog food is expected to increase along with the share of luxury pet foods. Due to its simplicity in terms of storage and feeding pets, dry food is specifically experiencing quick growth in demand compared to its product equivalents. This is because it eliminates the turmoil that comes with giving pets liquid food. This is anticipated to encourage urban shoppers to choose dry pet food. Due to its high protein, fat, and low carbohydrate content, canned food is more appealing to dogs and cats. In addition to being simple to digest, wet/canned pet food also drastically reduces the amount of garden cleaning required.

Wet food is preferable for sick cats and dogs as well as picky eaters because of its higher digestion. The adoption of dogs as family pets is a growing trend, which is expected to drive up product demand. When compared to other animals, dogs in particular are experiencing an increase in the concept of humanization of pets. As a result, a sizable number of people have adopted dogs and are providing them with high-quality food. Since calves are commonly kept as pets in rural regions and fed the traditional Chara, rapid urbanization is one of the major market-driving causes for high-end pet food products.

Global Pet Food Market Segmentation Analysis

The Global Pet Food Market is segmented On The Basis of Type, Application, And Geography.

Pet Food Market, By Type

• Dry Pet Food
• Wet Pet Food
• Veterinary Diet Food
• Treats & Snacks
• Others

Based on Type, the market is bifurcated into Dry Pet Food, Wet Pet Food, Veterinary Diet Food, Treats & Snacks, and Others. Consumers’ increased disposable income has increased the desire for adopting pets, especially dogs. More people with more disposable income are in need of highly nourishing food for their family pets. Due to its convenience in terms of storage and mess-free feeding of pets, dry food is experiencing rapid growth in demand when compared to other product counterparts.

Pet Food Market, By Application

• Dog
• Cat
• Others

Based on Application, the market is bifurcated into Dog, Cat, and Others. The growth of Dog adoption applications can be witnessed with an increase in personal disposable income, a rising standard of living, and a strong growth sentimental between humans and animals in general.

Pet Food Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, the Global Pet Food Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America is expected to be the largest market for Pet Food Market followed by Asia Pacific, Europe, and RoW. Pet FoodType is widespread in developed countries.

Key Players

The “Global Pet Food Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Nestlé Purina, Hill’s Pet Nutrition, Inc, Mars Incorporated, THE HARTZ MOUNTAIN CORPORATION, The J.M. Smucker Company, LUPUS ALIMENTOS, Total Alimentos SA, DIAMOND PET FOODS, WellPet LLC, Blue Buffalo Pet Products, Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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