- Dry Food
- Wet/Canned Food
- Nutritious Food
- Snacks/Treats
- Others
Pet Food Market size was valued at USD 96.4 billion in 2022 and is poised to grow significantly at a CAGR of 4.6% from 2023 - 2029 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028. The global market provides a detailed overview of the Pet Food market size, and that can be segmented by product, by application, and by Sales channel. By product, the Pet Food market has been segmented into Dry Food, Wet/Canned Food, Nutritious Food, Snacks/Treats, and other types. The Dry Food segment is likely to be the largest and fastest-growing segment in terms of product. The rise of this segment is mainly because it is beneficial in certifying proper oral care in dogs with minor tartar accumulation on the animal's teeth and by dropping plaque. Furthermore, this product type bids the chewing and crunch needed for sustaining the complete health of animals. Dry food removes the requirement for freezing, as in the case of canned food. Based on Application, the Pet Food market is segmented into Dog, Cat and Others. Among these, the Dog segment is expected to have the fastest-growing market during the forecast period 2022-2028. Increasing consumer awareness concerning pet health has led to an improved emphasis on improving the weight of dogs and keeping their overall health. Customers are choosing between various available foods and are extremely reliant on brands of the product. Producers are constantly concentrating on the incoming premium food products segment and thereby enhancing their overall profit margin. Based on the Sales channel, the Pet Food market is segmented into Specialized Pet Shops, Internet Sales, Hypermarkets, and Others (Grocery Stores, Non-grocery Stores). The Hypermarkets segment is expected to have a significant share in 2021. The rise of this segment is mainly because of the high customer preference for purchasing products from big retail stores, where they can access plenty of choices in terms of prices and brands.
In March 2021, Mars, Inc expanded its Royal Canin plant in Lebanon. In December 2022, Nestle Purina Petcare grew its pet food manufacturing facility in Georgia.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
The growing consumer awareness concerning organic and natural pet food products are anticipated to propel the market growth over the forecast years. Moreover, presenting products specific to the breed, size, and age of pets in smaller, single-serve, and disposable containers in order to bid ease to both the owners and pets is burgeoning the market growth over the forecast years.
The pet food market is projected to expand at a CAGR of 4.6% during the forecast period
Nestlé Purina, Mars Incorporated, Hill’s Pet Nutrition, Inc., Blue Buffalo Pet Products, Inc., The J.M. Smucker Company, WellPet LLC, Diamond Pet Foods, Deuerer, Omega Protein Corporation, Nutriara Alimentos Ltd.
North American is the fastest-growing region for pet food market
1. Executive Summary |
2. Global Pet Food Market Introduction |
2.1. Global Pet Food Market Taxonomy |
2.2. Global Pet Food Market Definitions |
2.2.1. By Product Type |
2.2.2. By Animal |
2.2.3. By Ingredient Type |
2.2.4. By Distribution Channel |
2.2.5. By Region |
3. Global Pet Food Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Pet Food Market Dynamic Factors - Impact Analysis |
3.6. Impact of COVID 19 on The Market |
3.7. Three Forecast Scenarios - Pessimistic, Conservative and Opportunistic |
3.8. Mapping Market Players Activities |
3.9. Recent Key Developments |
3.10. Financial Status of the Market Players |
3.11. Recent Acquisitions, Collaborations and Mergers |
4. Global Pet Food Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Pet Food Market Forecast, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
5.1. Wet Pet Foods |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Veterinary Diets |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Treats and Snacks |
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Dry Pet Foods |
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others |
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6. Global Pet Food Market Forecast, By Animal, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
6.1. Swine |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Poultry |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Companion Animals |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Aquaculture |
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Ruminants |
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Others |
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
7. Market Opportunity Analysis Global Pet Food Market Forecast, By Ingredient Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
7.1. Plant-derived |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Cereals and Cereal Derivatives |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Animal-derived |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Others |
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8. Market Opportunity Analysis Global Pet Food Market Forecast, By Distribution Channel, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
8.1. Supermarkets/Hypermarkets |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Specialized Pet Shops |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Online Channel |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Others |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
9. Global Pet Food Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Pet Food Market - Opportunity Analysis Index, By Product Type, Animal, Ingredient Type, Distribution Channel, and Region, 2023 - 2029 |
10. North America Pet Food Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
10.1.1. Wet Pet Foods |
10.1.2. Veterinary Diets |
10.1.3. Treats and Snacks |
10.1.4. Dry Pet Foods |
10.1.5. Others |
10.2. Animal Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Swine |
10.2.2. Poultry |
10.2.3. Companion Animals |
10.2.4. Aquaculture |
10.2.5. Ruminants |
10.2.6. Others |
10.3. Ingredient Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Plant-derived |
10.3.2. Cereals and Cereal Derivatives |
10.3.3. Animal-derived |
10.3.4. Others |
10.4. Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Supermarkets/Hypermarkets |
10.4.2. Specialized Pet Shops |
10.4.3. Online Channel |
10.4.4. Others |
10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. U.S. |
10.5.2. Canada |
10.6. North America Pet Food Market - Opportunity Analysis Index, By Product Type, Ingredient Type and Country, 2023 - 2029 |
10.7. North America Pet Food Market Dynamics Trends |
11. Europe Pet Food Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
11.1.1. Wet Pet Foods |
11.1.2. Veterinary Diets |
11.1.3. Treats and Snacks |
11.1.4. Dry Pet Foods |
11.1.5. Others |
11.2. Animal Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Swine |
11.2.2. Poultry |
11.2.3. Companion Animals |
11.2.4. Aquaculture |
11.2.5. Ruminants |
11.2.6. Others |
11.3. Ingredient Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Plant-derived |
11.3.2. Cereals and Cereal Derivatives |
11.3.3. Animal-derived |
11.3.4. Others |
11.4. Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Supermarkets/Hypermarkets |
11.4.2. Specialized Pet Shops |
11.4.3. Online Channel |
11.4.4. Others |
11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Italy |
11.5.5. Spain |
11.5.6. Rest of Europe |
11.6. Europe Pet Food Market - Opportunity Analysis Index, By Product Type, Ingredient Type and Country, 2023 - 2029 |
11.7. Europe Pet Food Market Dynamics Trends |
12. Asia-Pacific Pet Food Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
12.1.1. Wet Pet Foods |
12.1.2. Veterinary Diets |
12.1.3. Treats and Snacks |
12.1.4. Dry Pet Foods |
12.1.5. Others |
12.2. Animal Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Swine |
12.2.2. Poultry |
12.2.3. Companion Animals |
12.2.4. Aquaculture |
12.2.5. Ruminants |
12.2.6. Others |
12.3. Ingredient Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Plant-derived |
12.3.2. Cereals and Cereal Derivatives |
12.3.3. Animal-derived |
12.3.4. Others |
12.4. Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Supermarkets/Hypermarkets |
12.4.2. Specialized Pet Shops |
12.4.3. Online Channel |
12.4.4. Others |
12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. Japan |
12.5.2. China |
12.5.3. India |
12.5.4. ASEAN |
12.5.5. Rest of Asia-Pacific |
12.6. Asia-Pacific Pet Food Market - Opportunity Analysis Index, By Product Type, Ingredient Type and Country, 2023 - 2029 |
12.7. Asia-Pacific Pet Food Market Dynamics Trends |
13. Latin America Pet Food Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
13.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
13.1.1. Wet Pet Foods |
13.1.2. Veterinary Diets |
13.1.3. Treats and Snacks |
13.1.4. Dry Pet Foods |
13.1.5. Others |
13.2. Animal Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Swine |
13.2.2. Poultry |
13.2.3. Companion Animals |
13.2.4. Aquaculture |
13.2.5. Ruminants |
13.2.6. Others |
13.3. Ingredient Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Plant-derived |
13.3.2. Cereals and Cereal Derivatives |
13.3.3. Animal-derived |
13.3.4. Others |
13.4. Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Supermarkets/Hypermarkets |
13.4.2. Specialized Pet Shops |
13.4.3. Online Channel |
13.4.4. Others |
13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Argentina |
13.5.3. Rest of Latin America |
13.6. Latin America Pet Food Market - Opportunity Analysis Index, By Product Type, Ingredient Type and Country, 2023 - 2029 |
13.7. Latin America Pet Food Market Dynamics Trends |
14. Middle East and Africa Pet Food Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Million) |
14.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
14.1.1. Wet Pet Foods |
14.1.2. Veterinary Diets |
14.1.3. Treats and Snacks |
14.1.4. Dry Pet Foods |
14.1.5. Others |
14.2. Animal Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
14.2.1. Swine |
14.2.2. Poultry |
14.2.3. Companion Animals |
14.2.4. Aquaculture |
14.2.5. Ruminants |
14.2.6. Others |
14.3. Ingredient Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Plant-derived |
14.3.2. Cereals and Cereal Derivatives |
14.3.3. Animal-derived |
14.3.4. Others |
14.4. Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Supermarkets/Hypermarkets |
14.4.2. Specialized Pet Shops |
14.4.3. Online Channel |
14.4.4. Others |
14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Saudi Arabia |
14.5.2. GCC Countries |
14.5.3. South Africa |
14.5.4. Rest of MEA |
14.6. MEA Pet Food Market - Opportunity Analysis Index, By Product Type, Ingredient Type and Country, 2023 - 2029 |
14.7. MEA Pet Food Market Dynamics Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Product Type Offerings, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Mars Inc. |
15.2.2. Nestle Purina Petcare Company |
15.2.3. Nutriara Alimentos Ltd |
15.2.4. Neovia |
15.2.5. Cargill |
15.2.6. Blue Buffalo Pet Products, Inc. |
15.2.7. ADM |
15.2.8. Mogiana Alimentos SA |
15.2.9. Unicharm Corporation |
15.2.10. Lupus Alimentos |
16. Research Methodology |
17. Key Assumptions and Acronyms |