Global Pet Food Market (2024-2030) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the Global Pet Food Market

Global Pet Food Market has seen the latest developments which include the increased health consciousness for pets which has generated demand for pet food free from sugar, grain, dye, and other chemical additives. Heavy influences from human nutrition are driving research toward better and safer food for pets with high nutritional and dietary benefits. Pet food manufacturing companies are using automation technologies such as advanced production lines and software solutions to improve safety and operational efficiency. These technologies automate formulation, batching, drying, coating and liquid delivery processes. This results in cost-effective processing and consistent product quality. Animal-based ingredients are also being used to enhance the nutritional value of pet food. Meat increases the palatability of the pet food, and hence, improves the digestion of pets. Fishbones are included in pet food, as they provide calcium and phosphorus. Key manufacturers are focusing on utilizing fish as animal derivatives in pet foods, as they are a rich source of vitamins A & D and omega-3. The benefits provided by omega-3 fatty acids for pets include improving the coat and skin health, regulating the immune system, improving cognitive function in older pets, and lowering blood pressure.

Mergers and Acquisitions:

• In May 2021, General Mills acquired Tyson Foods' animal treat business.

Global Pet Food Market Synopsis

The Global pet food market is witnessing substantial growth owing to increasing disposable income, growing urbanization, no-kid households, premiumization & humanization of pets as well as growing awareness regarding sustaining a healthy diet for pets. The soaring number of animal shelters has led to a rise in animal adoption. Additionally, the booming pet care market with rising animal healthcare expenditure is expected to further propel the demand for the pet food market over the coming years.

According to 6Wresearch, the Global Pet Food Market size is projected to witness tremendous growth during 2019-2025. North America holds the maximum revenue share in the global pet food market owing to the presence of pet-friendly regulations in the hospitality sector. The Asia Pacific region has registered significant growth in the pet food market and is expected to account for the largest market revenue pie of the global pet food market during the forecast period due to rising pet adoption rates.

In terms of pet types, the dog food segment dominates the market due to increasing dog ownership globally. Based on product types, dry pet food represents the most popular product type as it is more affordable and has a long-standing market presence. Further, based on distribution channels, supermarkets, and hypermarkets represent the largest segment as they are convenient for the consumers.

The Global pet food market report thoroughly covers the market by pet type, product type, ingredient type, distribution channel, and regions including North America, Latin America, Europe, and Asia-Pacific, and key countries. The global pet food market outlook report provides an unbiased and detailed analysis of the ongoing global pet food market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The global Pet Food Market is segmented into the animal type such as cats, dogs, and other animals and product types such as veterinary diets, organic products, dry pet food and ingredient type such as plant-derived, cereals, animal-derived There are sales channels such as internet sales, specialized pet shops, hypermarkets, and pricing type premium segment, super-premium, and geographies such as Asia-Pacific, Europe, and North America. The pet humanization increasing in the health consciousness demand for pet food such as grains sugars free, dyes, and others.

Global Pet Food Market Size

The global pet food market in the historic period is the result of the emerging market for growth and increase in pet spending ownership among gen z and gen y adults. There are the negatively affected growth in the historic period stringent rules and regulations, contamination of pet food, and manufacturing.  Increasing demand for the premium and going forward, expected for the economic growth, availability of organic pet food, and the influence of digital media in marketing and social media also drive the growth. Reduction in free trade also hinders the growth of pet food in the future.

Global Pet Food Market Drivers

The key driver of the pet food market include:

In the historic period, the pet food market is growing more adults and contributed to an increase in pet ownership by Gen Z and Gen Y adults Or the hand increase in the ownership of Gen X and Gen Y. The main driven increase by pet ownership is Gen Y and Gen X adults. According to the APPA, it is going to represent the largest segment of the pet owners of Gen Y. 50% of Gen Y and Gen Z 80% introduced the cat as a pet.  In the same part of the world, multiple pets are the owners. In the USA  57% of the households are owned by a pet. In the pet food market drivers' ownership of the coupled with the rising of spending on pet food drove in the market and manufacturing of the food in the historic period.

Pet Food Market Restraints

The key restraint on the pet food market include:

Pet food contamination- Pet food contamination tells the growth of pet food in the historic period and their market condition. The risk of Bacterial contamination in the majority of pet foods is consists of ingredients of animal origin. The product is contaminated for the pet food random checks that are recalled.  In August ground cat and dog foods were recalled the potential of contaminated food with the pathogenic bacteria L. Monocytogenes.  The Listeria Monocytogenes contamination. The pet food market is contaminated by the restraining pet food market and its owners consider pets one of their family members they’re going to feeding the contaminated food and sometimes there fatal to prove the pet’s life.

Pet Food Market Trends

Premiumization Of Pet Foods

Towards pet owners, humanization is enabling pet food manufacturers and the offer premium products. Pet owners treat humanization to treat pets like super-premium foods, members of their family, and sophisticated snacks. The regular pet foods premium pet foods and natural, and organic have been of higher quality. 14% of pet food that is launching in the USA was indulgent or premium. Nestle Merrick’s Perfect Bistro Gourmet Shreds, Mars’ Sheba Perfect Portions Pate, and Purina Fancy Feast Broths are the super-premium pet food product. Grilled Lamb Crunchy Bites, Kale Crunchy Bites, Roast Duck & Pumpkin.

Automation In Pet Food Manufacturing

To improve the safety and operational efficiency the pet food manufacturing companies are using automation technologies such as operational efficiency, advanced production. There are many techniques in the formulation, drying, batching, coating, and liquid delivery processes. Consistent product quality and cost-effective processing is the result. For example, video-monitored production lines,  Champion Petfoods, a Canadian producer of pet food, a Canadian producer of pet food,  with cooking processes connected to Rockwell hardware and software system. They used bulk bins and conveying systems, advanced extrusion, votator heat exchangers and drying systems, and conveying systems.

The global pet food market is expected to witness sound revenues during the forecast period 2020-26F backed by the potential growth of the food industry. Additionally, a rise in no kid households globally coupled with an increasing need for child companions to eliminate isolation which tends to increase the adoption rate is expected to drive significant demand for pet food in the coming years. Moreover, on the basis of region, European pet food is estimated to dominate the overall market revenues owing to ensure the healthy life of their pets by providing them adequate nutrients to enhance their physical health and is expected to propel the demand for pet food and would benefit Global pet food market generating potential revenues throughout the forecast period.

The global pet food market is anticipated to gain traction in the upcoming six years on the back of an increased humanization towards pets across the globe. Additionally, the rising establishment of animal care centres to provide adequate care and facilities to the animals where not only many pet lovers donate and provide pet food facilities to feed animals and is estimated to leave a positive impact on the product demand and as a result is estimated to boost the growth of the global pet food market in the upcoming six years.

The Global POS market is anticipated to gain momentum throughout the forecast period in the forthcoming years on the back of the increased Commercial sector. Additionally, the retail sector is estimated to generate high sales revenues in the upcoming six years on the back of the rising population base and card users simultaneously increase the adoption of POS terminal. Also, the tourism sector is the top reason for the growth of the hospitality sector coupled with the rising growth of the breweries industry exponentially in Brazil especially which is set to act as a growth proliferating factor for the growth of the Global POS Terminal market.

Key Highlights of the Report:

• Global Petfood Market Overview
• Global Petfood Market Outlook
• Global Petfood Market Forecast
• Historical Data of Global Pet food Market Revenues & Volume for the Period 2015-2018
• Global Petfood Market Size and Global Pet Food Market Forecast of Revenues & Volume, Until 2025
• Historical Data of Global Pet Food Market Revenues and Volume, By Pet Types, for the Period 2015-2018
• Market Size & Forecast of Global Pet Food Market Revenues and Volume, By Pet Types, Until 2025
• Historical Data of Global Pet Food Market Revenues and Volume, By Product Types, for the Period 2015-2018
• Market Size & Forecast of Global Pet Food Market Revenues and Volume, By Product Types, Until 2025
• Historical Data of Global Pet Food Market Revenues and Volume, By Distribution Channels, for the Period 2015-2018
• Market Size & Forecast of Global Pet Food Market Revenues and Volume, By Distribution Channels, Until 2025
• Historical Data of Global Pet Food Market Revenues and Volume, By Ingredient Types, for the Period 2015-2018
• Market Size & Forecast of Global Pet Food Market Revenues and Volume, By Ingredient Types, Until 2025
• Until 2025
• Historical Data of North America Pet Food Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of North America Pet food Market Revenues and Volume, Until 2025
• Historical Data of Latin America Pet Food Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Latin America Pet Food Market Revenues and Volume, Until 2025
• Historical Data of Europe Pet Food Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Europe Pet Food Market Revenues and Volume, Until 2025
• Historical Data of Asia Pacific Pet Food Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Pet Food Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• Global Pet Food Market Price Trends
• Global Pet Food Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Pet Food Market Share, By Regions
• Global Pet Food  Market Share, By Players
• Global Pet Food Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global pet food market report provides a detailed analysis of the following market segments:

By Pet Types:

• Dog
• Cat
• Birds
• Aquaria
• Others

By Product Types:

• Dry Pet Food
• Wet Pet food
• Canned Pet Food
• Snacks and Treats
• Other

By Ingredient Types:

• Animal Derived
• Plant-Derived
• Other ingredient types

By Distribution Channels:

• Wholesaler
• Specialized Pet shops
• Retailer
• Online
• Other

By Regions:

• North America
• Latin America
• Europe
• Asia Pacific Region
• Rest of the World