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 |
|
||||||||||||||||||||||||
| Companies studied |
|
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.
Related Reports
Global Markets for Animal Therapeutics and Diagnostics
The global market for animal therapeutics and diagnostics is estimated to increase from $61.0 billion in 2023 to reach $81.2 billion by 2028, at a compound annual growth rate (CAGR) of 5.9% from 2023 through 2028.
Food Testing, Inspection and Certification Market: Global Market Opportunities and Competitive Landscape
This report provides exhaustive coverage of the critical business issues defining the food testing, inspecting, and certification market. The report identifies significant revenue growth drivers (in specific categories) supporting the food testing, inspection, and certification market. The study also predicts the impact of internal and external factors on the current food testing, inspection, and certification market and the factors that will affect the industry in the coming years.
Probiotics in Food, Beverages, Dietary Supplements and Animal Feed
The global probiotics market should reach $90.7 billion by 2027 from $61.2 billion in 2022 at a compound annual growth rate (CAGR) of 8.2% for the forecast period of 2022 to 2027.
2021 Dietary Foods Research Review
BCC Research Market Review for Dietary Foods and dietary supplemental industry provides a sampling of the type of quantitative market information, analysis, and guidance.
Recent Reports
Global e-cigarette Market
The report provides an overview of the global e-cigarette markets and analyzes market trends. Using 2022 as the base year, the report estimates market data for 2023 to 2028. The report covers the characteristics of the market, the leading e-cigarettes companies, various trends in end-user preferences and a range of geographic market opportunities.
Air Fryer Products and Technologies: Global Markets
The global market for air fryer products and technologies is expected to grow from $916.5 million in 2023 to $1.34 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.9% during the forecast period of 2023-2028.
Bubble Food & Beverages: Global Market
This study provides an overview of the current and future global market for bubble food & beverage. This report will provide information on the different types of companies, manufacturers, and other market participants involved in the bubble food & beverage market. It will describe current trends, product type, source type and channel type related to bubble food & beverage, along with a five-year forecast.
Seed Coating Materials: Global Markets
This report provides an updated review of the seed coating materials market, focusing on its coating type, crop type, material type. It includes forecasted trends in the seed coating materials markets through 2028. The report also includes key market participants, extensive market segments, supporting technologies, trends and market dynamics, competitive intelligence, and regional trends.
Global Decaffeinated Products Market
This report provides market insights into the global market for decaffeinated products, with specific focus on the global markets. It provides an array of information including market size, expected growth rates, market drivers and restraints as well as other trends and developments in the market. This market report organizes information from diverse sources into a cohesive unit that includes a comparison of premium versus mass products value chain and the evolution of decaffeinated. BCC Research analyzed key categories and regions to determine the present and future decaffeinated market status and forecasted market growth from 2022 to 2028.
Top Trending Reports
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for cell and gene therapy tools and reagents is estimated to grow from $8.3 billion in 2022 to $13.7 billion in 2027, with a compound annual growth rate (CAGR) of 10.6% for the period of 2022-2027.
ESG Trends in Chemical Industry
This report focuses on the ESG trends in the chemical industry and evaluates the ESG implementation including current and future potential. The report utilizes various databases, including sustainability reports, annual reports, and other indicators used to develop the current market. The study provides detailed information on the main factors influencing ESG growth in the chemical industry. It enables the reader to understand the industry in general while also providing insight into the inter-relationship between ESG and the sustainable chemical industry. The report describes market growth, developing trends, industry leaders, and applications of ESG implementation in the chemical industry.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Smartphone-Based Patient Monitoring: Global Market
The global smartphone-based patient monitoring market should reach $21.5 billion by 2027 from $6.8 billion in 2022 at a compound annual growth rate (CAGR) of 25.9% for the forecast period of 2022 to 2027.
Non-Fungible Tokens (NFT): Global Market
The global NFTs market should reach $37.6 billion by 2022 and $125.6 billion by 2027, with a compound annual growth rate (CAGR) of 27.3% during the forecast period of 2022-2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More