Pet Foods

Global Pet Foods Market to Reach US$177.1 Billion by 2030

The global market for Pet Foods estimated at US$132.6 Billion in the year 2024, is expected to reach US$177.1 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2024-2030. Dry Pet Food, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$107.1 Billion by the end of the analysis period. Growth in the Wet & Canned Pet Foods segment is estimated at 4.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$34.7 Billion While China is Forecast to Grow at 7.8% CAGR

The Pet Foods market in the U.S. is estimated at US$34.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$39.6 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.8% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Global Pet Foods Market - Key Trends and Drivers Summarized

The global pet food market has seen remarkable growth over the past decade, driven by an increasing trend in pet ownership and the humanization of pets. This market encompasses a wide range of products, including dry food, wet food, treats, and nutritional supplements for various pets like dogs, cats, birds, fish, and small mammals. The evolution of pet food is marked by a shift from providing basic nutrition to products that address specific health needs, age-related requirements, and dietary preferences of pets. Pet owners are now more aware of the nutritional content and quality of ingredients in their pets` food, leading to a heightened demand for high-quality, organic, and natural pet food products. This trend is further supported by the rising disposable incomes of pet owners, which allows them to spend more on premium pet food products. In addition, pet food manufacturers are increasingly focusing on transparency and sourcing, which appeals to consumers who are concerned about the origin and processing of their pets` food.

Innovations in pet food formulations have been significantly influenced by scientific research and veterinary recommendations. The incorporation of superfoods, probiotics, and antioxidants in pet food has gained popularity as these ingredients are believed to offer health benefits such as improved digestion, enhanced immunity, and better skin and coat health. For instance, ingredients like blueberries, spinach, and pumpkin are now commonly found in pet foods due to their high nutritional value. Additionally, there is a growing trend towards specialized diets such as grain-free, hypoallergenic, and raw food diets to cater to pets with specific dietary needs or allergies. The market is also witnessing a surge in demand for eco-friendly and sustainable pet food options, reflecting the broader environmental consciousness among consumers. Companies are responding to these trends by innovating in product development and packaging, ensuring that they meet the evolving demands of pet owners while maintaining environmental responsibility. For example, biodegradable packaging and sustainably sourced ingredients are becoming more prevalent in the market.

The growth in the pet food market is driven by several factors. The increasing pet adoption rates globally, especially during the COVID-19 pandemic, have significantly boosted the demand for pet food. Many people turned to pet adoption for companionship during lockdowns, leading to a surge in the pet population and, consequently, the need for pet food. The trend towards pet humanization has led to increased willingness among pet owners to invest in high-quality, specialized, and even gourmet pet food products. Pet owners are increasingly treating their pets as family members, prioritizing their health and well-being. Advancements in pet food technology, including the development of nutritionally balanced, scientifically formulated diets, have played a crucial role in market growth. Innovations such as freeze-dried raw diets and customized meal plans based on a pet`s specific health profile are examples of how technology is shaping the industry. Additionally, the rise of e-commerce and direct-to-consumer sales channels has made it easier for pet owners to access a wide variety of pet food products, further fueling market expansion. Finally, marketing strategies focusing on the health benefits of premium pet foods and targeted advertising towards specific pet owner demographics have also contributed to the market`s robust growth.

SCOPE OF STUDY:

The report analyzes the Pet Foods market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Dry Pet Foods, Wet & Canned Pet Foods, Snacks & Treats); Pricing (Mass Products, Premium Products); Ingredient (Animal Derived, Plant Derived); Application (Dog, Cat, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 99 Featured) -

• Affinity Petcare SA
• Aller Petfood LLC
• Barking Heads & Meowing Heads Pet Food UK Ltd.
• BHJ A/S (Denmark)
• C&D Foods Ltd.
• Diamond Pet Foods, Inc.
• Heristo AG
• Hill`s Pet Nutrition, Inc.
• INABA PETFOOD Co., Ltd.
• LUPUS Alimentos
• Mars, Inc.
• Nestle Purina PetCare Company
• The J.M. Smucker Company
• Total Alimentos SA
• Tuffy`s Pet Foods Inc.
• Unicharm
• Yantai China Pet Foods Co. Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.