Report Highlights
The global pet food market should reach $145.3 billion by 2028 from $113.1 billion in 2023 at a compound annual growth rate (CAGR) of 5.1% for the forecast period of 2023 to 2028.
Report Includes
- 51 tables and 51 additional tables
- An up-to-date overview and industry analysis of the global market for pet food
- Analyses of the global market trends, with historic market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- Highlights of the upcoming market potential for pet food industry and areas of focus to forecast this market into various segments and subsegments
- Estimation of the actual market size and revenue forecast for pet food market, forecasted growth trends, and corresponding market share analysis by pet category, product type, distribution channel, and region
- A comparative study of Porter’s Five Forces analysis and industry value chain analysis considering both micro- and macro- environmental factors prevailing in the pet food market
- Coverage of the technological, economic, and business considerations of the market, with data analyses and growth forecasts through 2027
- Identification of major stakeholders and analysis of the company competitive landscape based on their recent developments, financial performance, segmental revenues, and operational integration
- Company profiles of the leading global players within the pet food industry, including American Nutrition Inc., Deuerer, Fromm Family Foods LLC, Mars Inc. and Wellness Pet Co.
Report Scope
This report incorporates an in-depth pet food market analysis, including market estimations and trends through 2028. The report is focused on estimating the market for pet food, which covers product type, ingredient type, distribution channel, and pet category. Major players, competitive intelligence, systems and technologies, market dynamics, and regional opportunities are discussed in detail. The report examines recent developments and product portfolios of major players. The report presents a market analysis and estimates pet food's compound annual growth rate (CAGR).
This report segments the global market by these geographic regions: North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. For market estimates, data is provided for 2022 as the base year, 2023, and forecast through year-end 2028.
The report also discusses the major players across each regional pet food market. Further, it explains the major drivers and regional dynamics of the global pet food market and current trends within the industry. The report concludes with a particular focus on the vendor landscape and includes detailed profiles of the major vendors in the market.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||||||||||||||
| Base year market size | $109 billion | ||||||||||||||||||||||||
| Market size forecast | $145.3 billion | ||||||||||||||||||||||||
| Growth rate | CAGR of 5.1% | ||||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||||
| Segments covered | pet category, product type, ingredient type, distribution channel, and region | ||||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America | ||||||||||||||||||||||||
| Countries covered | U.S., Canada, UK, Poland, Spain, France, Germany, Rest of Europe, China, Japan, Indonesia, India, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa, Brazil, Mexico, Argentina, Rest of Latin America | ||||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increase in Pet Ownership
- Humanization of Pets
- Increase in pet Health concerns
- Increase in online sales
Analyst Credentials
Kunal R. Nagpure– Consultant-Food & Beverage Research
Kunal Nagpure is an accomplished market researcher with over eight years of experience in the F&B, Environment, and Agriculture markets. He is passionate about using his knowledge to help clients make data-driven decisions and achieve their business objectives. With a keen eye for detail and a strong analytical mindset, Kunal has delivered numerous successful research projects that have enabled clients to gain a competitive edge in their respective markets. Academically, Kunal holds a master’s degree in Marketing and Operations and a bachelor’s degree in Biotech Engineering.
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