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Pet Food Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 180 Pages
SKU # FOB18819829

Description

Pet Food Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Pet Food Market

The pet food market size was valued at USD 120.87 billion in 2023, and the market is now projected to grow from USD 126.66 billion in 2024 to USD 193.65 billion by 2032, exhibiting a CAGR of 5.45% during the forecast period of 2023-2032.

The COVID-19 pandemic led to a massive increase in the pet food market growth because of quarantine-related fear concerning pet adoption and food storage. Manufacturers' progressive product launches are creating new opportunities. However, stringent authorities and regulations, specifically in Western markets, have restricted growth.

Pet food market share is rapidly driven by rapid pet humanization, in which pets are treated similarly to humans and this is experienced in premium pet products especially. Millennials find being pet parents appealing, thereby shifting focus towards high-quality pet food. Such cultural movement manifests itself in premium pet product demand that is currently on the rise.

Additionally, rising pet humanization is driving pet owners to seek personalized pet food, focusing on ingredient control and feeding patterns. This trend stems from increased awareness of diet-related pet diseases. Customized products targeting specific issues such as obesity and skin health are gaining traction, propelling market growth.

Comprehensive Analysis of Pet Food Market

The pet market and agriculture industry are experiencing robust growth due to strategic market segmentation. This expansion efficiently addresses the supply chain and demand factors benefiting the agricultural sector. Segmentation is systematically categorized by animal types, forms, distribution channels, and sources. The animal types include, Dogs, Cats, and Others. The forms include, Dry Pet Food, Wet Pet Food, and Snacks & Treats. The distribution channels include, Supermarket/Hypermarket, Specialty Stores, Online Channel, and Others. Lastly, the sources include, Animal and Plant.

The highest proportion of pet owners in the world is in North America. 67% of households have pets, APPA says and 85 million Americans own them. Consequently, there is an increased need for pet food that is good for them and this spurs growth on the market as well.

The agricultural sector heavily relies on the key player to ascertain the possibilities of growth, set the market pace and maintain the competitive landscape. These players include, Mars Incorporated (U.S.), Nestle S.A. (Switzerland), The J.M. Smucker Company (U.S.), Colgate-Palmolive Company (U.S.), General Mills, Inc. (U.S.), Diamond Pet Foods (U.S.), Heristo AG (Germany), Tiernahrung Deuerer GmbH (Germany), Merrick Pet Care, Inc. (U.S.) and WellPet LLC (U.S.).

In October 2023, In India, Affinity Advance was introduced by Scientific Remedies, a major company in the health sector of animals teamed up with Affinity Petcare based in Spain.

Segmentation Table

GlobalPet Food Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 5.45% from 2024 to 2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Animal Type, Form, Distribution Channel, Crop, and Region

By Animal Type Dogs

Cats

Others

By Form Dry Pet Food

Wet Pet Food

Snacks & Treats

By Distribution Channel Supermarket/Hypermarket

Specialty Stores

Online Channel

Others

By Source Animal

Plant

By Region North America (By Animal Type, Form, Distribution Channel, Source, and Country)

- U.S. (By Animal Type)

- Canada (By Animal Type)

- Mexico (By Animal Type)

Europe (By Animal Type, Form, Distribution Channel, Source, and Country)

- U.K. (By Animal Type)

- France (By Animal Type)

- Germany (By Animal Type)

- Italy (By Animal Type)

- Spain (By Animal Type)

- Russia (By Animal Type)

- Rest of Europe (By Animal Type)

Asia Pacific (By Packaging, Distribution Channel, and Country)

- China (By Animal Type)

- India (By Animal Type)

- Japan (By Animal Type)

- Australia (By Animal Type)

- Rest of Asia Pacific (By Animal Type)

South America (By Packaging, Distribution Channel, and Country)

- Brazil (By Animal Type)

- Argentina (By Animal Type)

- Rest of South America (By Animal Type)

Middle East & Africa (By Packaging, Distribution Channel, and Country)

- Saudi Arabia(By Animal Type)

- South Africa (By Animal Type)

- Rest of the Middle East & Africa (By Animal Type)


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Table of Contents

180 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Supply Chain Analysis
4.4. Recent Industry Developments - Policies, Partnerships, and Mergers & Acquisitions
4.5. Impact of COVID-19 on the Market
5. Global Pet Food Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Animal Type
5.2.1.1. Dogs
5.2.1.2. Cats
5.2.1.3. Others
5.2.2. By Form
5.2.2.1. Dry Pet Food
5.2.2.2. Wet Pet Food
5.2.2.3. Snacks & Treats
5.2.3. By Distribution Channel
5.2.3.1. Supermarket/Hypermarkets
5.2.3.2. Convenience/Grocery Stores
5.2.3.3. Specialty Stores
5.2.3.4. E-commerce
5.2.4. By Source
5.2.4.1. Animal
5.2.4.2. Plant
5.2.5. By Region
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia Pacific
5.2.5.4. South America
5.2.5.5. Middle East & Africa
6. North America Pet Food Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Animal Type
6.2.1.1. Dogs
6.2.1.2. Cats
6.2.1.3. Others
6.2.2. By Form
6.2.2.1. Dry Pet Food
6.2.2.2. Wet Pet Food
6.2.2.3. Snacks & Treats
6.2.3. By Distribution Channel
6.2.3.1. Supermarket/Hypermarkets
6.2.3.2. Convenience/Grocery Stores
6.2.3.3. Specialty Stores
6.2.3.4. E-commerce
6.2.4. By Source
6.2.4.1. Animal
6.2.4.2. Plant
6.2.5. By Country (Value)
6.2.5.1. U.S.
6.2.5.1.1. By Animal Type
6.2.5.1.1.1. Dogs
6.2.5.1.1.2. Cats
6.2.5.1.1.3. Others
6.2.5.2. Canada
6.2.5.2.1. By Animal Type
6.2.5.2.1.1. Dogs
6.2.5.2.1.2. Cats
6.2.5.2.1.3. Others
6.2.5.3. Mexico
6.2.5.3.1. By Animal Type
6.2.5.3.1.1. Dogs
6.2.5.3.1.2. Cats
6.2.5.3.1.3. Others
7. Europe Pet Food Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Animal Type
7.2.1.1. Dogs
7.2.1.2. Cats
7.2.1.3. Others
7.2.2. By Form
7.2.2.1. Dry Pet Food
7.2.2.2. Wet Pet Food
7.2.2.3. Snacks & Treats
7.2.3. By Distribution Channel
7.2.3.1. Supermarket/Hypermarkets
7.2.3.2. Convenience/Grocery Stores
7.2.3.3. Specialty Stores
7.2.3.4. E-commerce
7.2.4. By Source
7.2.4.1. Animal
7.2.4.2. Plant
7.2.5. By Country (Value)
7.2.5.1. U.K.
7.2.5.1.1. By Animal Type
7.2.5.1.1.1. Dogs
7.2.5.1.1.2. Cats
7.2.5.1.1.3. Others
7.2.5.2. Germany
7.2.5.2.1. By Animal Type
7.2.5.2.1.1. Dogs
7.2.5.2.1.2. Cats
7.2.5.2.1.3. Others
7.2.5.3. France
7.2.5.3.1. By Animal Type
7.2.5.3.1.1. Dogs
7.2.5.3.1.2. Cats
7.2.5.3.1.3. Others
7.2.5.4. Italy
7.2.5.4.1. By Animal Type
7.2.5.4.1.1. Dogs
7.2.5.4.1.2. Cats
7.2.5.4.1.3. Others
7.2.5.5. Spain
7.2.5.5.1. By Animal Type
7.2.5.5.1.1. Dogs
7.2.5.5.1.2. Cats
7.2.5.5.1.3. Others
7.2.5.6. Russia
7.2.5.6.1. By Animal Type
7.2.5.6.1.1. Dogs
7.2.5.6.1.2. Cats
7.2.5.6.1.3. Others
7.2.5.7. Rest of Europe
7.2.5.7.1. By Animal Type
7.2.5.7.1.1. Dogs
7.2.5.7.1.2. Cats
7.2.5.7.1.3. Others
8. Asia Pacific Pet Food Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Animal Type
8.2.1.1. Dogs
8.2.1.2. Cats
8.2.1.3. Others
8.2.2. By Form
8.2.2.1. Dry Pet Food
8.2.2.2. Wet Pet Food
8.2.2.3. Snacks & Treats
8.2.3. By Distribution Channel
8.2.3.1. Supermarket/Hypermarkets
8.2.3.2. Convenience/Grocery Stores
8.2.3.3. Specialty Stores
8.2.3.4. E-commerce
8.2.4. By Source
8.2.4.1. Animal
8.2.4.2. Plant
8.2.5. By Country (Value)
8.2.5.1. China
8.2.5.1.1. By Animal Type
8.2.5.1.1.1. Dogs
8.2.5.1.1.2. Cats
8.2.5.1.1.3. Others
8.2.5.2. India
8.2.5.2.1. By Animal Type
8.2.5.2.1.1. Dogs
8.2.5.2.1.2. Cats
8.2.5.2.1.3. Others
8.2.5.3. Japan
8.2.5.3.1. By Animal Type
8.2.5.3.1.1. Dogs
8.2.5.3.1.2. Cats
8.2.5.3.1.3. Others
8.2.5.4. Australia
8.2.5.4.1. By Animal Type
8.2.5.4.1.1. Dogs
8.2.5.4.1.2. Cats
8.2.5.4.1.3. Others
8.2.5.5. Rest of Asia Pacific
8.2.5.5.1. By Animal Type
8.2.5.5.1.1. Dogs
8.2.5.5.1.2. Cats
8.2.5.5.1.3. Others
9. South America Pet Food Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Animal Type
9.2.1.1. Dogs
9.2.1.2. Cats
9.2.1.3. Others
9.2.2. By Form
9.2.2.1. Dry Pet Food
9.2.2.2. Wet Pet Food
9.2.2.3. Snacks & Treats
9.2.3. By Distribution Channel
9.2.3.1. Supermarket/Hypermarkets
9.2.3.2. Convenience/Grocery Stores
9.2.3.3. Specialty Stores
9.2.3.4. E-commerce
9.2.4. By Source
9.2.4.1. Animal
9.2.4.2. Plant
9.2.5. By Country (Value)
9.2.5.1. Brazil
9.2.5.1.1. By Animal Type
9.2.5.1.1.1. Dogs
9.2.5.1.1.2. Cats
9.2.5.1.1.3. Others
9.2.5.2. Argentina
9.2.5.2.1. By Animal Type
9.2.5.2.1.1. Dogs
9.2.5.2.1.2. Cats
9.2.5.2.1.3. Others
9.2.5.3. Rest of South America
9.2.5.3.1. By Animal Type
9.2.5.3.1.1. Dogs
9.2.5.3.1.2. Cats
9.2.5.3.1.3. Others
10. Middle East & Africa Pet Food Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Animal Type
10.2.1.1. Dogs
10.2.1.2. Cats
10.2.1.3. Others
10.2.2. By Form
10.2.2.1. Dry Pet Food
10.2.2.2. Wet Pet Food
10.2.2.3. Snacks & Treats
10.2.3. By Distribution Channel
10.2.3.1. Supermarket/Hypermarkets
10.2.3.2. Convenience/Grocery Stores
10.2.3.3. Specialty Stores
10.2.3.4. E-commerce
10.2.4. By Source
10.2.4.1. Animal
10.2.4.2. Plant
10.2.5. By Country (Value)
10.2.5.1. South Africa
10.2.5.1.1. By Animal Type
10.2.5.1.1.1. Dogs
10.2.5.1.1.2. Cats
10.2.5.1.1.3. Others
10.2.5.2. UAE
10.2.5.2.1. By Animal Type
10.2.5.2.1.1. Dogs
10.2.5.2.1.2. Cats
10.2.5.2.1.3. Others
10.2.5.3. Rest of Middle East & Africa
10.2.5.3.1. By Animal Type
10.2.5.3.1.1. Dogs
10.2.5.3.1.2. Cats
10.2.5.3.1.3. Others
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Pet Food Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles
12.1. Mars Incorporated
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Nestle S.A.
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. The J.M. Smucker Company
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Colgate-Palmolive Company
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. General Mills, Inc.
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Diamond Pet Foods
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Heristo AG
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Tiernahrung Deuerer GmbH
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Merrick Pet Care, Inc.
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. WellPet LLC
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
13. Appendix

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