Global Grain-Free Pet Food Market - 2023-2030
Market OverviewThe Global Grain-free Pet Food Market size reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 6.5% during the forecast period (2023-2030).
Globally rising pet ownership is expected to have a favorable effect on market expansion. Grain-free pet food is a type of pet food that contains alternative sources of carbohydrates such as sweet potatoes, peas, lentils, or chickpeas. The idea behind grain-free pet food is that it provides a more natural and species-appropriate diet for pets since grains are not a natural part of their ancestral diet.
Proponents of grain-free pet food argue that it may be easier for pets to digest and may also reduce the risk of certain health problems, such as obesity and diabetes.
Market DynamicsThe Growing Humanization of Pets
The demand for grain-free pet food is rising with the increase in the adoption of pets. With the increase in the humanization of pets, pet owners are becoming more aware of the quality of ingredients used in pet food. They want to feed their pets nutritious food free of grains and other ingredients that might be harmful to their health.
Some pet owners believe that grain-free diets are healthier for their pets like cats, dogs, etc. because they more closely resemble the diets of wild dogs and cats. They believe that grain-free diets are easier to digest and can help prevent health issues such as allergies, digestive problems and weight gain.
The humanization of pets has led to an increase in the pet spending of pet owners. They are willing to pay more for premium pet food.
The Increasing Pet Spending of the Respective Pet Owners
According to the Binghamton Investment Fund report, more than 67% of U.S. households own a pet. Consumers are growing their interest in health and wellness and they want the same for their pets also. As a result, pet owners are not thinking twice before spending more money on their pets. According to a study by Gale, who is a business solutions agency, found that 44% of millennials see their pets as practice before they have their child.
Additionally, the increasing disposable amounts of consumers are also encouraging them to spend more on their pets’ wellness and nutrition. For instance, according to Petkeen, approximately 6 lakhs of pets are adopted every year in India and the pet food market in India is over 310 million dollars which ultimately grows the grain-free pet food market simultaneously.
COVID-19 Impact AnalysisThe COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment AnalysisThe global grain-free pet food market is segmented based on nature, form, end user, distribution channel and region.
The Rising Demand for Grain-free Dog Food
The dog segment is rising in the grain-free pet food market due to several factors. Dogs are known to be susceptible to food allergies, and grains are a common allergen. Some dogs may have difficulty digesting grains, which can lead to digestive issues.
Grain-free pet food can be easier for dogs to digest and some pet owners may choose this option to help with their dog’s digestion. Some dog breeds are known to have specific dietary needs. Grain-free pet food may be recommended for certain breeds, such as those with sensitive stomachs or those prone to allergies, to help maintain their health.
Grain-free pet food is now widely available in pet stores and online, making it easier for pet owners to find and purchase.
Geographical AnalysisGrowing Pet Nutrition Expansion With Rising Pet Ownership in the Asia Pacific Region
The grain-free pet food industry is anticipated to develop at the fastest rate in the Asia Pacific region. The acknowledged and increasing concern of pet owners towards their pets will be the main factor to witness significant market growth in this region. Additionally, people started to serve their pets as their family members.
Thus, the rising disposable income of the countries of this region is the major driving factor of the market’s growth in the Asia Pacific region. Furthermore, the wide variety of availability of grain-free pet food gives the grain-free pet food market a new trajectory for its growth.
Competitive LandscapeThe major global players in the market include Mars Inc., Wellpet LLC, Three Dog Bakery, Soli Gold Pet LLC, Merrick Pet Care Inc., Midwestern Pet Foods, Purina (Nestle Group), Champion Petfoods, Blue Buffalo Co. Ltd., and Pets Global Inc.
Why Purchase the Report?• To visualize the global grain-free pet food - market segmentation based on nature, type, form, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of grain-free pet food market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The Global Grain-free Pet Food Market Report Would Provide Approximately 61 Tables, 58 Figures and 200 Pages.
Target Audience 2023
• Manufacturers/Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies