At what pace is the pet food market growing, and what is its estimated value?
The pet food market size has grown strongly in recent years. It will grow from $73.85 billion in 2024 to $79.2 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increased pet spending, increased pet ownership by gen z and gen y adults, and emerging markets growth.
The pet food market size is expected to see strong growth in the next few years. It will grow to $105.69 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increasing demand for premium and organic pet food, influence of digital media marketing and social media, rising demand due to increase in stockpiling of pet food, increasing feeding of stray animals and other abandoned pets, and increasing demand for pets. Major trends in the forecast period include investing in facilities to produce quality grain-free dog food products, offering premium pet food products, using ecommerce platforms to sell products online, adopting automation technologies, focusing on offering customized food according to customer’s needs, focusing on producing pet foods with organic ingredients, focus on gaining more subscribers, investing in CBD pet food for product differentiation, and investing in increasing their online sales channels and investing in R&D to develop new improved and premium products.
Get Your Free Sample of The Global Pet Food Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3339&type=smp
What are the top drivers to the rising demand in the pet food market?
The pet food manufacturing market’s growth is aided by stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2020 and 3.4% in 2021, both according to the IMF. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market’s growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.
How is the pet food market segmented?
The pet food market covered in this report is segmented –
1) By Type: Dog Food, Cat Food, Other Pet Food
2) By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic
3`) By Distribution Channel: Specialized Pet Shops, Internet Sales, Hypermarkets, Other Distribution Channels
Subsegments:
1) By Dog Food: Dry Dog Food (Kibble), Wet Dog Food (Canned), Treats And Chews, Specialized Diets
2) By Cat Food: Dry Cat Food (Kibble), Wet Cat Food (Canned), Treats And Snacks, Specialized Diets
3) By Other Pet Food: Food For Small Pets, Food For Birds, Food For Reptiles And Fish
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/pet-food-global-market-report
Who are the top competitors in the pet food market?
Major companies operating in the pet food market include Mars, Incorporated, Nestle S.A., The J.M. Smucker Company, Colgate-Palmolive Company, Diamond Pet Foods Inc., General Mills, Inc., Archer Daniels Midland Company, Saturn Petcare GMBH, Unicharm Corporation, Tiernahrung Deuerer GmbH, Marukan Co. Ltd., Riverd Corporation Inc., Nippon Pet Food Co. Ltd., Glenand Group, Luscious, Pedigree, Yantai China Pet Foods Co. Ltd., Real Pet Food Company, Fressnapf, Monge & C. Spa, Pet Food UK, Burgess Pet Care, GA Pet Food Partners, Tekro, Brit, Marp Pet Food, Partner in Pet Food, Hill’s Pet Nutrition, Nutreco, Canadian Jerky Company Ltd., Corey Nutrition Company Inc., Elmira Pet Products Ltd., Malta Cleyton, Brazilian Pet Foods S/A, Diana Pet Food Brasil (SPF), Neovia Group Brazil, Natural Pet Foods, Premier Pet, Bio-Pet Ltd., Tropikal Pet, Cagatay Pet Food, African Gazelle Products, Maneli Pets, RCL Foods, Martin & Martin Pty Ltd, PROMEAL
What significant trends should we anticipate in the pet food market over the forecast period?
Major companies operating in the pet food market are focused on developing innovative solutions, such as AI-powered dog food to provide personalized nutrition tailored to the specific needs of individual pets. AI-powered dog food refers to specialized pet nutrition products that are formulated based on advanced artificial intelligence algorithms and data analysis. For instance, in January 2024, PawCo Foods, a US-based operator of a subscription-based food platform, launched two innovative plant-based dog food products: InstaBites, a fresh shelf-stable option that combines the convenience of kibble with high-quality nutrition, and LuxBites, a premium fresh food enriched with postbiotics and fermented protein to enhance gut health and immunity. Both products feature PawCo’s proprietary GreenMeat, the first fully plant-based meat designed for dogs, and utilize artificial intelligence to optimize nutrition and improve taste.
Which regional trends are influencing the pet food market, and which area dominates the industry?
The countries covered in the pet food market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Does The Pet Food Market Report 2025 Offer?
The pet food market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Pet food is a type of feed prepared from ingredients such as grains, oilseed mill products, and meat products that are specifically formulated and intended for consumption by dogs or cats.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3339
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
