How Has the Dog And Cat Food Market Evolved Historically and What is its Current Size?
The dog and cat food market has seen considerable growth due to a variety of factors.
• The size of the dog and cat food market has seen substantial growth in past years. It is projected to escalate from $63.23 billion in 2024 to $68.06 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. Factors such as traditional pet ownership culture, convenience due to fast-paced lifestyles, the trend of pet humanization, diets suggested by veterinarians, and rising urbanization are key contributors to its growth in the historical period.
What Does Future Hold for The Dog And Cat Food Market By 2029?
The Dog And Cat Food market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a robust growth is anticipated in the market for dog and cat food. The market is predicted to reach a value of $91.97 billion by 2029, with a compound annual growth rate (CAGR) of 7.8%.
The projected expansion in the period can be credited to factors such as increased attention to health and wellness, premium and targeted diets, the boom in e-commerce, the demand for sustainable and ethical pet food, and the trend towards customization and personalization. Key trends predicted for the period include an intensified focus on health and wellness, the introduction of alternative proteins, a rising emphasis on transparency, the aging pet population and distinctive diets, and breakthroughs in packaging.
What Are The Primary Growth Drivers In The Dog And Cat Food Market?
The surge in pet adoption is anticipated to drive the expansion of the dog and cat food market. The concept of pet adoption involves taking a pet that has been abandoned or surrendered to a shelter by a previous owner and taking on responsibility for its care. The process of adopting a pet boosts the need for nutritious pet food, leading to a rise in demand in this market. As an illustration, a report from Shelter Animals Count, a not-for-profit organization based in the United States, suggested that in 2023, there was a growth in 109,000 dog adoptions and 34,000 cat adoptions relative to 2022. Consequently, this trend of increasing pet adoption is contributing to the growth of the dog and cat food market.
What Is The Segmentation Of The Global Dog And Cat Food Market?
The dog and cat food market covered in this report is segmented –
1) By Food Type: Dry Food, Wet Food, Treat And Snacks, Other Food Types
2) By Nature: Organic, Conventional
3) By Sales Channel: Super markets And Hyper markets, Specialized Pet Shops, Online, Other Sales Channels
Subsegments:
1) By Dry Food: Kibble, Biscuit And Crunchy Treats
2) By Wet Food: Canned Food, Pouch Or Sachet Food, Fresh And Refrigerated Food
3) By Treats And Snacks: Dental Chews, Training Treats, Chewable Snacks
4) By Other Food Types: Raw Food (BARF), Freeze-Dried Food, Homemade And Organic Options
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What Emerging Trends Are Shaping The Dog And Cat Food Market Landscape?
Innovations in product offerings are emerging as a significant trend in the cat and dog food industry. Major firms in the dog and cat food sector are keen on creating novel products to bolster their position in the marketplace. For example, in September 2023, a UK company specializing in plant-based pet nutrition, Omni Pet Ltd., introduced a Meat-Style Wet Food product. This new product line aims to offer dogs the same flavour and consistency as meat, while remaining completely plant-based. The new Meat-Style Wet Food is made from top-notch plant-based ingredients like soy protein, pea protein, and lentils. The food is enriched with necessary vitamins and minerals to ensure dogs receive the nutrients they require. The food is available for purchase as a complete meal in a can or as a sachet to supplement dry food.
Who Are the Key Players In The Dog And Cat Food Market?
Major companies operating in the dog and cat food market include:
• Nestlé Purina PetCare Company
• The J.M. Smucker Company
• Evanger's Dog & Cat Food Company Inc.
• Hill's Pet Nutrition Inc.
• Affinity Petcare S.A.
• Nutro Products Inc.
• Unicharm PetCare Corp.
• Total Alimentos S.A.
• Nutriara Alimentos Ltd.
• Party Animal Inc.
• Rollover Pet Food Ltd.
• Burgess Group plc
• Freshpet Inc.
• Mars Inc.
• Colgate-Palmolive Company
• Diamond Pet Foods Inc.
• Blue Buffalo Company Ltd.
• WellPet LLC
• Merrick Pet Care Inc.
• Ainsworth Pet Nutrition LLC
• Champion Petfoods LP
• Royal Canin USA Inc.
• Iams Company
• Friskies PetCare Company
• Sheba Company
• Meow Mix Co.
What Are The Regional Insights Into The Dog And Cat Food Market?
North America was the largest region in the dog and cat food market in 2024. Asia-Pacific is expected to be the fastest-growing region in the dog and cat food market report during the forecast period. The regions covered in the dog and cat food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
