Pet Food Market

Report Code: FOD121A

Publish Date: Jun 2023

Publisher: BCC Publishing

Category: Food

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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
  • Increase in Pet Ownership
  • Humanization of Pets
  • Busy Lifestyles
  • Health Concerns
  • Increase in Online Sales
  • Innovation in Pet Food Products
  • Growing Demand for Natural and Organic Pet Food
Companies studied
AFFINITY PETCARE SAAINSWORTH PET NUTRITION
AMERICAN NUTRITION INC.BETAGRO PUBLIC CO. LTD.
CENTRAL GARDEN & PET CO.COLMAR NV
DEUERERDIAMOND PET FOODS
ELMIRA PET PRODUCTS LTD.EVANGERS DOG & CAT FOOD CO. INC.
FROMM FAMILY FOODS LLC.GENERAL MILLS/BLUE BUFFALO
HILLS PET NUTRITION INC.INVIVO NSA
J.M. SMUCKER CO.LAFEBER CO.
MARS INC.MARUHA NICHIRO CORP.
MERRICK PET CARE INC.SIMMONS PET FOOD
SUNSHINE MILLSTHAI UNION GROUP PCL
TOTAL ALIMENTOS SA (AQUIRED BY ADM)WELLNESS PET CO.
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Frequently Asked Questions (FAQs)

The pet food market is projected to grow from $109 billion in 2022 to $145.3 billion in 2028, at a compound annual growth rate (CAGR) of 5.1% during the forecast period.
The key factors driving the growth of pet food market includes:
  • Increase in Pet Ownership
  • Humanization of Pets
  • Increase in pet Health concerns
  • Increase in online sales
The pet food market is segmented on the basis of pet category, product type, ingredient type, distribution channel, and region.
Dry food segment will dominate the market by the end of 2028.
North America holds the highest share in the market.
Key companies in the market includes Mars, Inc., Nestlé Purina PetCare Affinity Petcare SA, Hill's Pet Nutrition, General Mills/Blue Buffalo, J.M. Smucker Company, Diamond Pet Foods', Simmons Pet Food Company, WellPet LLC, Merrick Pet Care, Thai Union Group PCL, Ainsworth Pet Nutrition and others.

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.

Let us assist you! Our analysts are ready to tailor this report to your specific need. REACH OUT TO US TODAY

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Pet Food Market150Free
Chapter- 1: Introduction9Free
Chapter- 2: Summary and Highlights3Free
Chapter- 3: Industry Overview8Free
Chapter- 4: Market Overview and Trends11Free
Chapter- 5: Global Market Analysis by Type of Pet3Free
Chapter- 6: Global Market Analysis by Type of Product4Free
Chapter- 7: Global Market Analysis by Type of Ingredient5Free
Chapter- 8: Global Market Analysis by Distribution Channel3Free
Chapter- 9: North American Pet Food Market9Free
Chapter- 10: European Pet Food Market Analysis12Free
Chapter- 11: Asia-Pacific Pet Food Market12Free
Chapter- 12: Middle Eastern and African Pet Food Market9Free
Chapter- 13: Latin American Pet Food Market9Free
Chapter- 14: Sustainability in the Pet Food Industry: An ESG Perspective7Free
Chapter- 15: Company Profiles46Free

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Pet Food Market
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