Pet Food Market Size, Trends & Growth Opportunity By Pet Type (Cats, Dogs, and others), By Food Type (Wet/Canned Food, Dry Food, Treats/ Snacks, and Others), By Sales Channel (Internet Sales, Specialized Pet Shops, Hypermarkets, and Others), By Region and Forecast till 2027>
Market Overview
Global Pet Food Market was valued at USD 88.21 billion by 2021 which is expected to reach at USD 107.87 billion by 2027 at a CAGR 3.45 %from 2022-2027.
Pet food is a specialized diet for animals that is designed to meet their nutritional requirements. Pet food is divided into several categories, including wet/canned food, dry food, treats/snacks, and others.
Market Drivers
The growing tendency of nuclear families, rapid humanization of pets, and increased awareness of pet health are important driving factors projected to enhance global pet food market growth. Furthermore, an increase in pet ownership in developing countries will boost market growth. Furthermore, a surge in government measures to promote the use of safe and healthy food items will drive market growth in the near future. For example, the Japanese government enacted legislation such as Law No. 83 of 2008 to ensure the safety of pet food items. Such activities will stimulate market expansion.
Market Restraints
However, pet obesity issues and company pet recalls are important restraints that are likely to stymie global pet food industry expansion.
Market Segmentation
Global Pet Food Market is segmented into pet type such as Cats, Dogs, and others, by food type such as Wet/Canned Food, Dry Food, Treats/ Snacks, and Others. Further, market is segmented into sales channel such as Internet Sales, Specialized Pet Shops, Hypermarkets, and Others.
Also, Global Pet Food Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the Pet Food market. The regional demand for pet food is primarily driven by rising consumer awareness about the positive impact on pet health, as well as the growing trend of pet humanization. The growing trend of millennials adopting pets is expected to drive market growth. According to the American Pet Products Association (APPA), approximately 38% of people in the United States own cats, with two being the average number of cats per household.
Market Key Players
Various key players are discussed in this report such as Heristo Aktiengesellschaft, Blue Buffalo Co., Ltd, WellPet LLC,, Tiernahrung Deuerer GmbH, Hill’s Pet Nutrition, Diamond Pet Foods, Nestle Purina PetCare, Big Heart Pet Brands, The Procter & Gamble Company, and Mars Petcare US Inc
Market Taxonomy
By Pet Type
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