The Business Research Company’s Pet Snacks And Treats Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Pet Snacks And Treats Global Market Report 2023 evaluates pet snacks and treats market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global pet snacks and treats market is expected to grow from $37.79 billion in 2022 to $42.41 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pet snacks and treats market is expected to reach $66.62 billion in 2027 at a CAGR of 12%.
The increasing spending on pet health is expected to propel the growth of the pet snacks and treats market going forward. Pet health refers to an animal’s overall well-being and condition, whether it is a dog, cat, bird, small mammal, or any other domesticated pet. Pet snacks and treats are rewards during training sessions, promote dental hygiene, and offer additional nutrients for a well-rounded diet. For instance, in June 2023, according to the American Pet Products Association, a US-based trade association representing the pet industry, Americans spent $136.8 billion on pet health in 2022, an increase of 10.68% from $123.6 billion in 2021. Therefore, increasing spending on pet health is driving the growth of the pet snacks and treats market.
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The pet snacks and treats market segments in the report are:
1) By Product: Eatables, Chewable
2) By Category: Conventional, Organic
3) By Pet Type: Dogs, Cats, Birds, Fish, Other Pets
4) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Pet Stores, Online, Other Distribution Channels
The table of contents in TBRC’s pet snacks and treats market report includes:
1. Executive Summary
2. Pet Snacks And Treats Market Characteristics
3. Pet Snacks And Treats Market Trends And Strategies
4. Pet Snacks And Treats Market – Macro Economic Scenario
5. Pet Snacks And Treats Market Segmentation
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26. South America Pet Snacks And Treats Market
28. Middle East Pet Snacks And Treats Market
29. Africa Pet Snacks And Treats Market
30. Pet Snacks And Treats Market Competitive Landscape And Company Profiles
Top Major Players:
- Cargill Incorporated
- Nestle S.A
- Mars Incorporated
- General Mills Inc
- The J.M. Smucker Company
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