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Pet Food Market in US - Industry Outlook and Forecast 2017 - 2022

Pet Food Market in US - Industry Outlook and Forecast 2017 - 2022

The pet food market in US is expected to cross $34 billion, growing at a CAGR of 4% during the forecast period 2017–2022. The increasing number of pet ownership globally is the major factor for growing demand for pet food. Additionally, people are getting more aware of harmful preservatives and other additives used in the edible substance for pets and hence, the demand for premier and organic food for pets is increasing globally. With increase in the number of US households with pets, the ‘pet parenting’ trend prevalent among millennials, and increased adoption of shelter animals are expected to fuel the growth of the pet food market in the US.

Mars Inc., Nestle, M. Smucker Company, Colgate-Palmolive are the leading players in the market. The dog food segment is likely to lead the market in US, followed by the cat food segment, which is expected to record a faster growth rate at a CAGR of 4% during the period 2017–2022.

Report Timeline
Base Year: 2016
Forecast Year: 2017–2022
The major manufacturers in the market included in the report are as follows:

Mars
Nestlé
The J.M. Smucker Company
Colgate-Palmolive
Other prominent manufacturers mentioned in the report are Ainsworth Pet Nutrition, American Nutrition, Bil-jac Foods, Blue Buffalo Pet Products, Elmira Pet Products, Fromm Family Foods, Hubbard Feeds, Halo, Petcurean Pet Nutrition, and Rush Direct Inc..

Scope of the Report

The study considers the present scenario of the Pet Food Market in US and its market dynamics for the period 2017−2022. It covers a detailed overview of several market growth enablers, restraints, and trends. Further, the study covers both the demand and supply sides of the market. It also profiles and analyzes the leading four companies and other prominent companies operating in the market.

This report provides the details of the market size from the following segments:

Revenue
Volume
Animal Type

Dog
Cat
Other Animals
Product Types

Dry
Wet
Treats

The pet food market in US is expected to cross $34 billion, growing significantly with a CAGR close to 4% during the period 2017−2022. The market is expected to increase both in terms of volume and revenues.

The number of households, in the US, with pets is more than the number of households with kids. ‘Pet parenting’ is witnessing a rapid and substantial growth in the US.

This trend has significantly increased the spending on pets and their edibles, primarily by the millennials and baby boomers. This trend is expected to continue over the next few years and propel growth in the pet food market in the US.

The report also provides a holistic view of the market and highlights the diversity, competitive dynamics, and intensity of competition in the pet food market across the US. It provides visibility about manufacturers in the market, factors driving the growth of the market, and information about the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. The report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the market.

Pet Food Market in US: Key Vendor Analysis
The competition among manufacturers in the market is intensifying as both private labels and internal brands are working aggressively towards establishing their position in the market. Increasing competition in the market is also leading to increased M&A activities.

With international players increasing their footprint in the market, backed by cutting-edge infrastructure and R&D support, regional and local vendors will find it increasingly difficult to compete in terms of reliability, technology, and price.

The report profiles the leading players in the market and provides a complete value chain analysis of the market. Strength, strategies, opportunities, and product offerings of the major manufacturers of pet food in the US, are discussed in the report.

Pet Food in US Market : Dynamics
The demand for healthy as well as premium and super-premium foods to drive market growth

The spending on pets is increasing exponentially in the US and with it is the demand for foods for them. The demand for organic, non-GMO, low-carb and other such healthy food options for pets is increasing with the increase in the number of owners treating pets as family and demanding healthy food for their pets. The demand for premium and super-premium pet food is also on the rise. Similarly, the increasing trend of getting online customized food for pets is going to boost the market.

Increasing popularity of the ‘pet parenting’ trend prevalent among millennials and growing adoption of shelter animals are expected to drive the growth of the pet food market in the US over the next five years.

Pet Food Market in US: Segmental Analysis
The dog food segment to lead the pet food market in the US

The number of dogs adopted is increasing in the US. With increased adoption of dogs, the demand for dog food is expected to grow as well. The dog food segment is expected to cross $25 billion by 2022, followed by the cat food segment. The cat food segment will, however, record a faster growth rate at a CAGR of 4% over the period 2017-2022.

From the product type perspective, the dry pet food segment dominated the pet food market in US in 2016. Over the next five years, the dry, wet food, and pet treats segments are expected to witness significant growth.


1 Research Methodology
2 Research objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Animal Type
4.3.2 Market Segmentation by Product Type
5 Report Assumptions & Caveats
5.1.1 Inclusions
5.1.2 Exclusions
5.2 Currency Conversion rate
5.3 Market Derivation
6 Market at a Glance
7 Introduction
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Rise of Anthropomorphism
8.1.2 Recession-proof Industry
8.1.3 Increased Pet Penetration through Adoption Leading to High Demand for Pet Food
8.1.4 Humanization of Pet as Family Members
8.1.5 Vendors Investment and Marketing Strategies on Pet, Pet Foods and Pet Related Products
8.2 Market Growth Restraint
8.2.1 Products Recalls Due to Possible Contamination and Health Issues Among Pets
8.2.2 Manufacturing Challenges for Pet Food Companies
8.2.3 Imported Pet Food Ingredients May Lack Adherence to FDA Regulations
8.3 Market Opportunities & Trends
8.3.1 Demand for Healthy, Natural, and Organic Pet Food
8.3.2 Increased Demand for Premium Pet Snacks
8.3.3 Freeze-dried Raw Pet Food Demand Growing Quickly
8.3.4 Superfood Formulas in Pet Food
8.3.5 Online Customized Pet Food
8.4 Porter’s Five Forces Analysis
8.4.1 Threat of New Entrants
8.4.2 Bargaining Power of Suppliers
8.4.3 Bargaining Power of Buyers
8.4.4 Threat of Substitutes
8.4.5 Competitive Rivalry
9 Global Pet Food Market
9.1 Market Overview
9.2 Macroeconomic Factors Driving Market Growth
9.2.1 Per Capita GDP in Developing Markets
9.2.2 Dual-income Households in Developed Markets
10 Pet Food Market in US
11 Pet Food Regulations
12 Pet food market in US by Product Type
12.1 Market Overview
12.2 Dog Food Market in US
12.2.1 Market Overview
12.3 Cat pet food market in US
12.3.1 Market Overview
12.4 Pet Food Market for Other Animals in US
12.4.1 Market Overview
13 Pet Food Market by Food Type
13.1 Market Overview
13.2 Dry Pet Food Market in US
13.2.1 Market Overview
13.3 Wet Pet Food Market in US
13.3.1 Market Overview
13.4 Pet Treats Market in US
13.4.1 Market Overview
14 Pricing Analysis
14.1 Market Overview
15 Competitive Landscape
15.1 Market Overview
15.2 Market Ranking Analysis
16 Key Company Profiles
16.1 Mars Inc.
16.1.1 Business Overview
16.1.2 Mars in Pet Food Market
16.1.3 Product Offerings
16.1.4 Key Strengths
16.1.5 Key Strategies
16.2 Nestlé
16.2.1 Business Overview
16.2.2 NESTLÉ PURINA PETCARE
16.2.3 Product Offerings
16.2.4 Key Strengths
16.2.5 Key Strategies
16.3 The J.M. Smucker Company
16.3.1 Business Overview
16.3.2 Big Heart Pet Brands
16.3.3 Product Offerings
16.3.4 Key Strengths
16.3.5 Key Strategies
16.4 Colgate-Palmolive
16.4.1 Business Overview
16.4.2 Hill's Pet Nutrition
16.4.3 Product Offerings
16.4.4 Key Strengths
16.4.5 Key Strategies
17 Other Prominent Companies
17.1 Ainsworth Pet Nutrition
17.1.1 Business Overview
17.1.2 Product Offerings
17.2 American Nutrition
17.2.1 Business Overview
17.2.2 Product Offerings
17.3 Bil-Jac Foods
17.3.1 Business Overview
17.3.2 Product Offerings
17.4 Blue Buffalo Pet Products
17.4.1 Business Overview
17.4.2 Product Offerings
17.5 Elmira Pet Products
17.5.1 Business Overview
17.5.2 Product Offerings
17.6 Fromm Family Foods
17.6.1 Business Overview
17.6.2 Product Offerings
17.7 Hubbard Feeds
17.7.1 Business Overview
17.7.2 Product Offerings
17.8 Halo, Purely for Pets
17.8.1 Business Overview
17.8.2 Product Offerings
17.9 Petcurean Pet Nutrition
17.9.1 Business Overview
17.9.2 Product Offerings
17.1 Rush Direct Inc.
17.10.1 Business Overview
17.10.2 Product Offerings
18 Report Summary
18.1 Key Takeaways
18.2 Qualitative Summary of Pet Food Market in US 2016–2022
18.3 Quantitative Summary of Pet FOOD Market IN US 2016-2022
19 Appendix
19.1 List of Abbreviations
List of Exhibits
Exhibit 1 Segmentation of Pet Food Market in US
Exhibit 2 Market Size Calculation Approach 2016
Exhibit 3 Market Size Calculation 2016
Exhibit 4 Global Pet Ownership by Households and Likelihood to Own a Pet among Non-owners by Gender
Exhibit 5 Pet Sales Vs. Other Retail Sales in US 2016 ($ billion)
Exhibit 6 Pet Industry Expenditure in US 1994–2016 ($ billion)
Exhibit 7 Pets as Part of Family Part-1
Exhibit 8 Popular Pet Names in US (2016)
Exhibit 9 Pets as Part of Family Part -2
Exhibit 10 Five Forces Analysis 2016
Exhibit 11 Market Share and Growth Rate of Global Pet Food Market 2015–2016
Exhibit 12 Global Pet Food Market 2016–2022 ($billion)
Exhibit 13 Working Population in Major Countries (in million)
Exhibit 14 CAGR of Working Population in Key Countries 2016–2022
Exhibit 15 Comparison of Pet Population in Key Countries 2016 (million)
Exhibit 16 Comparison of Pet Ownership by Key Countries 2016 (in million)
Exhibit 17 Comparison of Pet-friendliness among Total Population in Key Countries 2016 (%)
Exhibit 18 Dual-income Households in US (1970 Vs. 2015)
Exhibit 19 Pets Ownership in US for 2014 and 2016
Exhibit 20 Pet Food Spending by Age Group ($ billion)
Exhibit 21 Pet Food Market in US 2016–2022 ($ billion)
Exhibit 22 Pet Food Market in US 2016–2022 (MMT)
Exhibit 23 Various Regulatory Bodies Involved in Manufacturing of Pet Food
Exhibit 24 Pet Food Market in US by Product Type 2016 (% Volume)
Exhibit 25 Share of Pet Food Market in US by Product Type 2016-2022
Exhibit 26 Number of Pet Dogs in North America 2010-2016 (million)
Exhibit 27 Dog Food Market in the US 2016-2022 ($ billion)
Exhibit 28 Type of Dogs by Size in North America 2010-2016
Exhibit 29 Dog Food Market in the US 2016-2022 (MMT)
Exhibit 30 Cat Food Market in the US 2016-2022 ($ billion)
Exhibit 31 Cat Food Market in the US 2016-2022 (MMT)
Exhibit 32 Pet Statistics in the US 2016
Exhibit 33 Pet Owners of Different Generations in 2016-2017
Exhibit 34 Pet Food for Other Types of Animals in the US 2016-2022 ($ billion)
Exhibit 35 Pet Food for Other Types of Animals in the US 2016-2022 (million MT)
Exhibit 36 Pet Food Market in US by Food Type
Exhibit 37 Share of Pet Food Market by Food Type 2016
Exhibit 38 Sales Channel of Pet Food in Key Countries 2016
Exhibit 39 Dry Pet Food Market in the US 2016-2022 ($ billion)
Exhibit 40 Dry Pet Food Market in the US 2016-2022 (MMT)
Exhibit 41 Dry Pet Food Market by Animal Type ($ billion)
Exhibit 42 Wet Pet Food Market in the US 2016-2022 ($ billion)
Exhibit 43 Wet Pet Food Market in the US 2016-2022 (MMT)
Exhibit 44 Wet Pet Food Market by Animal Type ($ billion)
Exhibit 45 Pet Treats Market in the US 2016-2022 ($ billion)
Exhibit 46 Pet Treat Market in the US 2016-2022 (MMT)
Exhibit 47 Pet Treats Market in US by Animal Type ($ billion)
Exhibit 48 Average Selling Price of Pet Food in US 2016–2022 ($ per kg)
Exhibit 49 CAGR Comparison of Average Selling Price of Pet Food Segments 2016–2022
Exhibit 50 Average Selling Price of Dog Food in US 2016–2022 ($ per kg)
Exhibit 51 Average Selling Price of Cat Food in US 2016–2022 ($ per kg)
List of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2016
Table 3 Product Recalls from Different Pet Food Manufacturers in US
Table 4 Overview of Pet Food Market in the US 2016-2022
Table 5 Advantages and Disadvantages of Dry Pet Food
Table 6 Dry Pet Food Market by Animal Type 2016-2022 ($ billion)
Table 7 Dry Pet Food Market by Animal Type 2016-2022 (MMT)
Table 8 Advantages and Disadvantages of Wet Pet Food
Table 9 Wet Pet Food Market by Animal Type 2016-2022 ($ billion)
Table 10 Wet Pet Food Market by Animal Type 2016-20122 (MMT)
Table 11 Pet Treat Food Market in US by Animal Type 2016–2022
Table 12 Pet Treat Food Market in US by Animal Type 2016–2022
Table 13 Recent M&A in Pet Food Industry
Table 14 Market Ranking Analysis 2016
Table 15 Pet Food Offerings by Mars
Table 16 Qualitative Summary of Pet Food Market in US
Table 17 Quantitative Summary of Pet Food Market in US by Animal Type ($ billion)
Table 18 Quantitative Summary of Pet Food Market in US by Food Type (MMT)
Table 19 Quantitative Summary of Dog Pet Food Market in US by Food Type ($ billion)
Table 20 Quantitative Summary of Dog Pet Food Market in US by Food Type (MMT)
Table 21 Quantitative Summary of Cat Pet Food Market in US by Food Type ($ billion)
Table 22 Quantitative Summary of Cat Pet Food Market in US by Food Type (MMT)
Table 23 Quantitative Summary of Pet Food Market for Other Animals in US by Food Type ($ billion)
Table 24 Quantitative Summary of Cat Pet Food Market in US by Food Type (MMT)

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