Pet Snacks and Treats

Pet Snacks and Treats

Global Pet Snacks and Treats Market to Reach US$76.4 Billion by 2030

The global market for Pet Snacks and Treats estimated at US$39.6 Billion in the year 2023, is expected to reach US$76.4 Billion by 2030, growing at a CAGR of 9.9% over the analysis period 2023-2030. Pet Eatables, one of the segments analyzed in the report, is expected to record a 9.2% CAGR and reach US$47.3 Billion by the end of the analysis period. Growth in the Pet Chewables segment is estimated at 11.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$10.6 Billion While China is Forecast to Grow at 13.4% CAGR

The Pet Snacks and Treats market in the U.S. is estimated at US$10.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.0 Billion by the year 2030 trailing a CAGR of 13.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.4% and 7.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR.

Global Pet Snacks and Treats Market - Key Trends and Drivers Summarized

Spoiling Your Pets: The Allure of Snacks and Treats

Pet snacks and treats are an essential aspect of pet care, offering more than just a tasty reward. The ingredients that go into these products are carefully selected to ensure they meet the nutritional needs of pets while also appealing to their taste preferences. Common ingredients include high-quality proteins such as chicken, beef, and fish, which provide essential amino acids for muscle maintenance and growth. Grains, vegetables, and fruits are also frequently used to supply carbohydrates, fiber, and essential vitamins. Additionally, many pet treats are fortified with supplements such as glucosamine for joint health, omega-3 fatty acids for a shiny coat, and probiotics for digestive health. The trend towards natural and organic ingredients has gained traction, with pet owners increasingly seeking out products free from artificial preservatives, colors, and flavors, ensuring their pets receive wholesome and nutritious treats.

How Are Health Trends Influencing Pet Snacks and Treats?

The health and wellness trends that have swept through the human food market are similarly influencing the pet snacks and treats industry. There is a growing demand for products that cater to specific dietary needs and health conditions, such as grain-free, hypoallergenic, and low-calorie options. Pet owners are becoming more educated and conscientious about the nutritional content of the treats they provide, often seeking out those that promote dental health, support weight management, or contain functional ingredients like antioxidants to boost overall well-being. This shift towards health-conscious pet treats has led manufacturers to innovate with ingredients like sweet potatoes, blueberries, and chia seeds, which are celebrated for their nutritional benefits. Moreover, the rise of premium and gourmet pet treats reflects a broader trend of pet humanization, where pet owners are willing to invest in high-quality, specialized products that mirror their dietary preferences and health philosophies.

What Role Does Sustainability Play in the Production of Pet Treats?

Sustainability has become a significant concern in the production of pet snacks and treats, as consumers increasingly prioritize eco-friendly and ethically sourced products. Manufacturers are responding by incorporating sustainable practices throughout their supply chains. This includes using responsibly sourced ingredients, such as wild-caught fish or free-range poultry, and adopting environmentally friendly packaging solutions, like biodegradable or recyclable materials. The push towards sustainability also involves reducing the carbon footprint of production processes and supporting initiatives that promote animal welfare and biodiversity. Some companies are exploring innovative ingredients, such as insect protein, which offers a highly sustainable alternative to traditional meat sources due to its low environmental impact. Additionally, upcycling food waste into nutritious pet treats is gaining popularity, aligning with the zero-waste movement and providing a novel way to create eco-friendly products that cater to the growing demand for sustainability in the pet food market.

What Factors Are Driving Growth in the Pet Snacks and Treats Market?

The growth in the pet snacks and treats market is driven by several factors. Firstly, the increasing pet ownership rates globally, coupled with the humanization of pets, are leading to higher spending on premium and specialized pet products. Technological advancements in pet food manufacturing are also playing a crucial role, enabling the development of innovative and high-quality treats that meet diverse dietary needs and preferences. The rising awareness about pet health and wellness is prompting owners to seek out nutritious and functional treats, boosting demand for products with specific health benefits. Additionally, the expanding e-commerce sector has made it easier for pet owners to access a wide variety of snacks and treats, driving market growth. Social media and online communities are also influencing consumer choices, as pet owners share reviews and recommendations, further propelling demand. Lastly, the trend towards sustainable and ethically produced pet treats is attracting environmentally conscious consumers, encouraging manufacturers to adopt sustainable practices and expand their product lines to meet this growing demand.

Select Competitors (Total 41 Featured) -

• 123 Treats Corp
• 4 Paws Market Limited
• 888 Exports, Inc.
• Aaoo Group Sdn Bhd
• Advanced Pet Care of Australia Pty Ltd.
• Agras Delic S.P.A.
• American Life Brands
• Annamaet Petfoods, Inc.
• Antler Chewz, Inc.
• APFE Pty Limited

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