Australia Pet Food Market Forecast 2022-2028

Australia Pet Food Market Forecast 2022-2028

KEY FINDINGS

The Australia pet food market is projected to register a CAGR of 1.31% in terms of volume and 2.55% in terms of revenue during the forecast period, 2022-2028. The market growth drivers include the increased pet population during COVID-19, the growing demand for healthy pet food, and the rising pet humanization.

MARKET INSIGHTS

In Australia, pet humanization is becoming a surging trend in the pet food industry, with an increasing number of people striving to give their dogs human-like products or experiences. Pets are considered an inherent part of the family in the country. As per the AMA (Animal Medicines Australia Ltd) report, there are more than 29 million pets in Australia. In addition, it also has one of the highest pet ownership rates globally. Around 61% of Australian homes own pets, with dogs having the highest prevalence, followed by cats, fish, birds, small mammals, and reptiles.

Further, the pet humanization movement has a major influence on the Australian pet food sector. It also impacts the population’s expenditure on pet accessories and supplies. Besides, there is a growing prioritization of pet health and wellbeing, and eco-friendly, sustainable goods. Such aspects drive the Australia pet food market growth.

COMPETITIVE INSIGHTS

The market rivalry encompasses small businesses competing for market share against other small and well-established businesses. Some of the leading companies in the market include Hill’s Pet Nutrition Inc, Masterpet Corporation Ltd, Mars Incorporated, Nestle Purina PetCare, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments