Global Organic Pet Food Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope
The organic pet food market consists of sales of grain-free, limited-ingredient diets, and treats. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Sizing and Forecast
The organic pet food market size has grown strongly in recent years. It will grow from $20.95 billion in 2023 to $22.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increased demand for pet food in various regions, increased consumer awareness for pet health, consumer spending on healthcare, increased population treats their pets, increased spending toward pet foods, the increased organic pet food sales.

The organic pet food market size is expected to see strong growth in the next few years. It will grow to $29.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the large pet population, rising pet owner spending on healthy and organic food, rising disposable income, the rise in millennial pet owners, growing consumer awareness of pet health issues. Major trends in the forecast period include investments in high-quality pet food products, rising tendency of customers to consider dogs, cheap and affordable for many dog owners, the increased customer inclination, innovation in pet food product.

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Segmentation & Regional Insights
The organic pet food market covered in this report is segmented –

1) By Product Type: Dry Food, Wet Food, Other Product Types
2) By Pet Type: Dog, Cat, Fish, Bird, Other Pet Types
3) By Packaging Type: Raw, Powdered, Dry And Dehydrated, Liquid And Gravy, Canned, Frozen And Freeze-Dried, Other Packaging Types
4) By Pet Life-Stage: Adult, Kitten Or Puppy, Other Pet Life-Stages
5) By Sales Channel: Hypermarkets Or Supermarkets, Convenience Stores, Discount Stores, Online Retail, Others Sales Channels

North America was the largest region in the organic pet food market in 2023. Europe is expected to be the fastest growing region in the market. The regions covered in the organic pet food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing pet ownership is expected to propel the growth of the organic pet food market going forward. Pet ownership refers to having an animal, typically a domesticated species, under one’s care and responsibility for companionship, work, or recreational purposes. The increase in pet ownership is due to social trends, urbanization, and the number of young adults delaying parenthood. Organic pet food often contains high-quality ingredients without artificial additives, reducing the likelihood of allergies and skin problems in pets and enhancing the overall experience of pet ownership, making it more fulfilling and responsible. For instance, in June 2021, according to the American Pet Products Association (APPA), a US-based not-for-profit industry association, between 2021 and 2022, the percentage of U.S. households with pets rose from an estimated 67% to 70%. However, from 2023 to 2024, approximately 66% of U.S. households, equivalent to 86.9 million households, have pets. Therefore, increasing pet ownership drives the organic pet food market.

Key Industry Players
Major companies operating in the organic pet food market are Nestlé S.A., Archer Daniels Midland Company, General Mills Inc., Mars Petcare Inc., Newman’s Own Inc., Purina, Hill’s Pet Nutrition Inc., Merrick Pet Care, Stella & Chewy’s LLC, Primal Pet Foods Inc., GA Pet FoodPartners, Heristo AG, Lily’s Kitchen, Castor & Pollux Natural Petworks, Party Animal Inc., Grandma Lucy’s, Biopet Ltd., Kelly & Company, PetGuard Holdings LLC, The Harrison’s Bird Foods Co., Himalaya Wellness Co,, Organic Pet Boutique, Benevo

The organic pet food market report table of contents includes:

1. Executive Summary
2. Organic Pet Food Market Characteristics
3. Organic Pet Food Market Trends And Strategies
4. Organic Pet Food Market – Macro Economic Scenario
5. Global Organic Pet Food Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix