United States Pets Food Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

United States Pets Food Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

United States Pet Food Market will reach US$ 62.41 Billion by 2028 according to Renub Research. Pet food refers to animal feed intended for consumption by pets and is mainly sold in pet stores and supermarkets. Some components used to prepare pet food are meat, peas, corn, barley, seafood, feed grain, and poultry. Pet food also provides several health benefits, such as boosting immunity, improving life expectancy, maintaining a healthy weight, reducing the risk of skin ailments and allergies, and minimizing digestive disorders in the U.S.

In addition, innovative manufacturing technology, such as automating formulation, batching, drying, coating, and liquid delivery, is helping companies achieve cost efficiency and ensure product quality. As per our research findings, United States Pet Food Market is expected to grow with a CAGR of 5.56% during the forecast period of 2022 to 2028.

United States Pet Food Industry was valued at US$ 45.11 Billion in 2022

According to American Pet Product Association (APPA), National Pet Owners' data shows 90.5 million households in America own a pet, equivalent to almost 70% of homes in 2021-2022. The U.S. pet food market is categorized into different varieties such as Dogs food, Cat food, and other food (Bird Food, Fish Food, and Small Mammals/Reptiles Food) Market.

In addition, the humanization of pets has encouraged owners to treat their pets like family. The increasing concern for pets' well-being and healthy growth has increased owners' expenditure on nutritious pet food. Furthermore, increased pet humanization, rapid urbanization, high-income levels, changing consumer behavior, the broad availability of natural pet food, rising awareness of pet nutrition, and the emergence of an e-commerce platform have driven the growth of the U.S. pet food market.

However, the United States pet food market has highly regulated, which involves considerable compliance costs to manufacturers in terms of certification, equipment maintenance, and personnel training expenses has restrained the U.S. pet food market.

Animal Type: Dry Dog Food holds the Largest Market Share

Based on Animal Type, the U.S. Pet Food Market is segmented into Dog Food, Cat Food, and Others. However, Dog Pet Food is further classified into four types Dry Dog Food, Wet Dog Food, Frozen/Refrigerated Dog Food, and Dog Biscuits/Treats/Beverages. Dry Dog Food holds the largest market share because the high demand for low carbohydrate diet and protein, grain-free pet food is the fastest growing areas of the U.S. pet food industry, the launch of dog treats and nutrition-rich food, a High amount related to the maintenance and well-being of dogs, and rising consumer awareness regarding pet health has led to another specific reason contributing to the growth of the segment.

Furthermore, Dry Cat Food also holds the significant revenue in the forecast period due to owning more than one cat witnessing consonant growth. In addition, cats require less training than dogs and can spend more time alone. Besides, the cost of owing cats is relatively low compared to that of dogs. The market is classified into four types Dry Cat Food, Wet Cat Food, Frozen/Refrigerated Cat Food, and Cat Biscuits/Treats/Beverages.

Ingredients: Amino Acids is Predicted to Dominate the Revenue in the Forecast Period

Based on Ingredients, Amino Acids is expected to dominate the revenue in the forecast period due to the rising consumption of food of animal origin, high-quality protein, and omega-3 fatty acids. When added to food, these substances increase the nutritional value of the feed and provide benefits such as increased growth rate, increased protein digestibility, enhanced feed conversion, enhanced immune system, decreased mortality of aquatic species, increased yield in animal products, efforts to ensure quality and standardization, and protection of animal health stand out as the main factor boosting the market.

Thus, it is anticipated that raising awareness among pet food manufacturers of the nutritional benefits of protein-rich ingredients will increase the supply of these ingredients. The U.S. Pet Food Market is categorized into nine types Amino Acid, Phosphates, Minerals, Acidifiers, Mycotoxin Detoxifier, Enzymes, Speciality Proteins, Vitamins, and Others.

Key Player Analysis:

Some major key players in the United State Pet Food Market include J.M Smucker, General Mills (Blue Buffalo), Tyson Foods, Colgate Palmolive, SPECTRUM BRANDS HOLDINGS, INC, Central Garden & Pet, and Nestle SA.

In March 2021, Mars Inc., pet food manufacturer based in the U.S., invested US$ 200 Million to increase its Royal Canin Plant in Lebanon.
In May 2021, Nestlé Purina PetCare completed a $19 Million expansion project in Dunkirk, New York. It will increase production capacity for a new cat treat innovation, Fancy Feast Savory Cravings that keeps the cutting edge of form and function.

Renub Research’s latest report “United States Pets Food Market & Volume Forecast by animal type Dog Food (Dry Dog Food, Wet Dog Food, Frozen/Refrigerated Dog Food, and Dog Biscuits/Treats/Beverages) and Cat Food (Dry Cat Food, Wet Cat Food, Frozen/Refrigerated Cat Food, and Cat Biscuits/Treats/Beverages) Ingredients (Amino Acid, Phosphates, Minerals, Acidifiers, Mycotoxin Detoxifier, Enzymes, Speciality Proteins, Vitamins, and Others) Company Analysis (J.M Smucker, General Mills (Blue Buffalo), Tyson Foods, Colgate Palmolive, SPECTRUM BRANDS HOLDINGS, INC., Central Garden & Pet, and Nestle SA)” provides a detailed analysis of United States Pet Food Industry.

Animal Type: United State Food Market breakup from two viewpoints

1. Dog Food – Market breakup from 4 viewpoints

1. Dry Dog Food
2. Wet Dog Food
3. Frozen/Refrigerated Dog Food
4. Dog Biscuits/Treats/Beverages

2. Cat Food - Market breakup from 4 viewpoints

1. Dry Cat Food
2. Wet Cat Food
3. Frozen/Refrigerated Cat Food
4. Cat Biscuits/Treats/Beverages

Ingredient Type: United State Food Market breakup from nine viewpoints

1. Amino Acid
2. Phosphates
3. Minerals
4. Acidifiers
5. Mycotoxin Detoxifier
6. Enzymes
7. Specialty Proteins
8. Vitamins
9. Other

Key Players Analysis:

1. Overview
2. Recent Developments
3. Financial Insights

Company Analysis:

1. J.M Smucker
2. General Mills (Blue Buffalo)
3. Tyson Foods
4. Colgate Palmolive
5. SPECTRUM BRANDS HOLDINGS
6. INC. Central Garden & Pet
7. Nestle SA