Introduction

Pet Food Market was valued at US$ 105.1 Billion in 2024 and is projected to grow at a CAGR of 12.00% to reach US$ 294.1 Billion by 2034.

A pet is a domestic or domestic animal that is kept for companionship and recreation, rather than as a working animal, livestock or laboratory animal, the two most popular pets are dogs and cats. Specific pet food is classified as dog food, cat's food, fish food, and bird food. In short, they are sold in pet stores and supermarkets. Pet food producers use a wide variety of agricultural ingredients. These ingredients include meat, poultry, seafood, food grains, and products prepared during food processing for human consumption.

The increasing prevalence of pet ownership worldwide, especially in developing regions, is one of the primary drivers of the market. However, increasing urbanization and humanization of pets are encouraging pet owners to choose nutritious and quality food for their pets, which is further increasing the rate of growth of the market.

Growing trend of pet adoption globally and increasing awareness of animal health

The growing trend of pet adoption globally and increasing awareness of animal health are important factors driving the growth of the global pet food market. In addition, the increasing spending by pet owners on nutritious, healthy and organic food for their pets is another factor driving the growth of the global market. In recent years, the trend of millennium pet owners, as well as mergers and acquisitions with pet food manufacturers, has been increasing to increase their geographical presence. These factors are expected to create opportunities for major producers in the global market in the estimated time frame.

Restraints:

Stricter government regulations for food clearances

However, stricter government regulations for food clearances are a major factor that inhibits the development of pet food markets around the world. Pet food falls under the most highly regulated food products, especially in western markets. In developed markets, pet foods are strictly checked at every stage, from the ingredients used to make food to their sales and marketing. 

Higher string associated with commercialization

A higher string associated with commercialization can be a major deterrent for market growth. Moreover, low acceptance of premium or high-priced pet food in some developing markets may also be a barrier to market growth.

Pet Food Market is segmented based on product type, application, distribution channel, and region.

Pet Food Market, By Product Type

Based on product type, the global market is segmented into dry food, wet/canned food, nutritious food, snacks/treats, and others. The share of dry food was the highest at 45 per cent in the year 2021. It is useful for ensuring good oral care in dogs with minimal tartar produced on animal teeth and by reducing plague.

Pet Food Market, By Application

Based on the application, the target market is categorized into dogs, cats, and others, the dog segment is expected to grow at the highest CAGR of 4.9% in the estimated period. The adoption rate of dogs as pets is significant worldwide, which is one of the major reasons behind the dominance of this animal in the global market.

Pet Food Market, By distribution Channel

Based on the distribution channel, the target market is bifurcated into pet shops, online stores, hypermarkets, and others It is anticipated that supermarkets/hypermarkets and other mass merchandisers will play a major role in sales globally. The reason behind this dominance could be the high preference of consumers to buy products from large retail stores, where they are given abundant options in terms of brands and prices.

Regional Insights:

On the basis of region, the Pet Food Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North American pet food market dominates the global pet food market in terms of revenue share over the forecast period. Growing pet ownership coupled with the presence of significant manufacturers is a major factor driving the growth of the North American pet food market.

The Europe pet food market is expected to witness considerable growth in terms of revenue share over the forecast period. The Asia Pacific pet food market, is expected to witness the highest growth over the forecast period. This growth can be attributed to increasing pet ownership among nuclear families and millennials in countries such as India and Japan in this region.

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Product Type - Dry Food, Wet/Canned Food, Nutritious Food, Snacks/Treats, and Others By Application - Dog, Cat, and Others By Distribution Channel - Pet Shops, Online Stores, ypermarkets, and Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Pet Food Market report based on Product Type, Application, Distribution Channel and region:

Pet Food Market, By Product Type:

• Dry Food
• Wet/Canned Food
• Nutritious Food
• Snacks/Treats
• Others

Pet Food Market, By Application:

• Dog
• Cat
• Others

Pet Food Market, By Distribution Channel:

• Pet Shops
• Online Stores
• Hypermarkets
• Others

Pet Food Market, By Region:

• North America
  • Middle East & Africa
    • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • U.S.
    • Canada

The key players operating the Pet Food Market includes,

• Mars Inc is the world's largest pet food company, based on their revenues since 2019 and, as a result, serves customers worldwide. One of the reasons the company reached this position was to buy 90% of Procter Gambles' pet care division in 2014-2015 for $2.9 billion, including its products and manufacturing facilities.
• Nestle Purina Petcare is the second largest pet food producer Nestle Purina, however, owns and produces large dog food brands such as Nestle Bakers, Bonio, Vinalot, Beta, Proplan, Beneful, Purina One and Purina Veterinary Diets.
• Hill’s Pet Nutrition Inc., The third largest dog food company is the famous Hills Pet Nutrition, the Hills Pet Nutrition is also the recommended and veterinary-supply dog food products recommended by two of the largest veterinarians in the world. These are the Hills Science Plan and the Hills Prescription Diet, both of which are often recommended by veterinarians.
• Welpet LLC is a pet food company founded in 2009 and is headquartered in Ames Pond Dr. Texas, Massachusetts, 01876, United States. Characteristics in natural pet food, natural dog food, natural cat food, and consumer goods.
• Heristo AG is a family, diverse group of companies working in the business sector of meat processing, good food, pet food as import and export of food from the German and international markets.
• Ingridian, Inc. is an American multinational component provider based in Westchester, Iinois, which mainly produces starch, non-GMO sweetener, stevia, and pea proteins.
• Sunopta, Inc., offers sources, purchases, processes, and packages of organic, non-genetically modified and specialty food products. The company manufactures and supplies branded and private label aseptic beverages, organic drinks, nutritious snacks, individually quickly frozen natural and organic frozen fruits and vegetables, dried fruits, seeds, grains, fats, coffee, and peanuts.
• Dupont de Nemour, Inc., formerly Dodupont Inc., is a provider of technology-based materials and solutions.  It provides materials and printing systems to the advanced printing industry; and materials and solutions address the front-end and back-end of the production process for the production of semiconductors and integrated circuits.
• Darling Ingredients, Inc., Darling Develops, Produces, and Sells Natural Ingredients from Ingredients, Inc., Food, and Inedible Bio-Nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients.
• Tiernaharung DurarR GMBH manufactures pet food products, the company provides regular pieces of meat and vegetable snacks in different packagings such as tins, aluminum trays, multipacks, and pouches; Tiernahrung Durer is working in Germany.

Recent Development:

• In January 2023, after raising $835,000 ($942,000) in a seed funding round through Wavevolution, an investment platform founded by Damien Clarkson and Judy Nadel, British vegetarian pet food startup The Pack planned to launch a new healthy oven-baked dry food line from the spring of its first product.
• In December 2022, the Full Moon Pet, Purdue Farms brand, announced the launch of the first line of dog food: Freshly Crafted. The food for the newly frozen dogs is a completely human grade and is prepared with fresh ingredients.
• In June 2021, French pet food manufacturer Reglo offers insect-based dog food as an alternative to meat-and fish-based products and is preparing to expand its portfolio by launching a new line of cat food products next year.
• In December 2019, Saturn Petcare, Europe's largest private-label, pet food manufacturer, Terre Haute, plans to set up its first American facility in Indiana. Headquartered in Bremen, Germany and a subsidiary of the Heristo Group, the company will invest more than $38 million, buy, renovate and equip a 350,000-square-foot facility to set up operations at Terre Hauit.

• Mars Inc.*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Nestle Purina PetCare
• Hill’s Pet Nutrition Inc.
• Wellpet LLC
• Heristo AG
• Ingredion, Inc.
• SunOpta, Inc.
• DuPont de Nemour, Inc.
• Darling Ingredients, Inc.
• Tiernahrung Deuerer GmbH.

“*” marked represents similar segmentation in order categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Industry Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Preview
   • Executive Summary
   • Key Findings—Global Outlook for Cell and Gene Therapy Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Product Type
     • Market Snippet, By Application
     • Market Snippet, By Distribution Channel
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Market Segmentation, By Product Type, 2024-2034, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024-2034
     • Y-o-Y Growth Analysis (%), 2024-2034
     • Segment Trends
   • Dry Food
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
   • Wet/Canned Food
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
   • Nutritious Food
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
   • Snacks/Treats
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
   • Others
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
6. Market Segmentation, Application, 2024-2034, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024-2034
     • Y-o-Y Growth Analysis (%), 2024-2034
     • Segment Trends
   • Dog
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
   • Cat
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
   • Others
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
7. Market Segmentation, Distribution Channel, 2024-2034, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024-2034
     • Y-o-Y Growth Analysis (%), 2024-2034
     • Segment Trends
   • Pet Shops
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
   • Online Stores
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
   • Hypermarkets
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
   • Others
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
8. Global Market, By Region, 2024-2034, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024-2034
     • Y-o-Y Growth Analysis (%), 2024-2034
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Bn), By Product Type, 2024-2034
     • Market Size and Forecast (US$ Bn), By Application, 2024-2034
     • Market Size and Forecast (US$ Bn), By Distribution Channel, 2024-2034
     • Market Size and Forecast (US$ Bn), By Country, 2024-2034
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Bn), By Product Type, 2024-2034
     • Market Size and Forecast (US$ Bn), By Application, 2024-2034
     • Market Size and Forecast (US$ Bn), By Distribution Channel, 2024-2034
     • Market Size and Forecast (US$ Bn), By Country, 2024-2034
       • Germany
       • UK
       • France
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Bn), By Product Type, 2024-2034
     • Market Size and Forecast (US$ Bn), By Application, 2024-2034
     • Market Size and Forecast (US$ Bn), By Distribution Channel, 2024-2034
     • Market Size and Forecast (US$ Bn), By Country, 2024-2034
       • China
       • India
       • Japan
       • South Korea
       • Rest of Asia Pacific
   • Latin America
     • Market Size and Forecast (US$ Bn), By Product Type, 2024-2034
     • Market Size and Forecast (US$ Bn), By Application, 2024-2034
     • Market Size and Forecast (US$ Bn), By Distribution Channel, 2024-2034
     • Market Size and Forecast (US$ Bn), By Country, 2024-2034
       • Brazil
       • Mexico
       • Rest of Latin America
   • Middle East & Africa
     • Market Size and Forecast (US$ Bn), By Product Type, 2024-2034
     • Market Size and Forecast (US$ Bn), By Application, 2024-2034
     • Market Size and Forecast (US$ Bn), By Distribution Channel, 2024-2034
     • Market Size and Forecast (US$ Bn), By Country, 2024-2034
       • GCC
       • Israel
       • South Africa
       • Rest of Middle East
9. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
10. Company Profiles
    • Mars Inc.
      • Company Overview
      • Product and Portfolio
      • Key Highlights
      • Financial Overview
      • Business Strategies
    • Nestle Purina PetCare
    • Hill’s Pet Nutrition Inc.
    • Wellpet LLC
    • Heristo AG
    • Ingredion, Inc
    • SunOpta, Inc.
    • DuPont de Nemour, Inc.
    • Darling Ingredients, Inc.
    • Tiernahrung Deuerer GmbH

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