Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Pet Food Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Pet Food Industry in 2024 and 2025?
The Pet Food Global Market Report 2025 indicates a strong growth trend. The market size expanded from $73.56 billion in 2024 to an expected $78.48 billion in 2025, a compound annual growth rate (CAGR) of 6.7%.
What Is the Projected Market Size of the Pet Food Market in 2029?
The Pet Food Global Market is projected to reach a value of $102.18 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.8%.
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What Are the Key Drivers of Pet Food Market Growth?
The key drivers in the pet food market are:
• Stable economic growth in developed and developing countries
• Recovery of commodity prices after significant historical decline
• Stable growth projection in developed economies
• Faster growth forecast in emerging markets compared to developed ones
What Are the Primary Segmentation Categories in the Pet Food Market?
The pet foodmarket covered in this report is segmented –
1) By Type: Dog Food, Cat Food, Other Pet Food
2) By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic
3`) By Distribution Channel: Specialized Pet Shops, Internet Sales, Hypermarkets, Other Distribution Channels
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What Are the Major Trends Shaping the Pet Food Market in 2025 and Beyond?
The key trends in the pet food market are:
• The development and application of artificial intelligence in creating personalized pet food products is a notable emerging trend.
• There is a growing shift towards the creation of plant-based pet foods.
• There is an increasing emphasis on enhancing pet health and immunity through the use of premium ingredients like postbiotics and fermented protein.
• The concept of subscription-based food platforms for pets is steadily gaining traction in the market.
Who Are the Emerging Players in the Pet Food Market?
Major players in the pet food market are:
• Mars, Incorporated
• Nestle S.A.
• The J.M. Smucker Company
• Colgate-Palmolive Company
• Diamond Pet Foods Inc.
• General Mills, Inc.
• Archer Daniels Midland Company
• Saturn Petcare GMBH
• Unicharm Corporation
• Tiernahrung Deuerer GmbH
• Marukan Co. Ltd.
• Riverd Corporation Inc.
• Nippon Pet Food Co. Ltd.
• Glenand Group
• Luscious
• Pedigree
• Yantai China Pet Foods Co. Ltd.
• Real Pet Food Company
• Fressnapf
• Monge & C. Spa
• Pet Food UK
• Burgess Pet Care
• GA Pet Food Partners
• Tekro
• Brit
• Marp Pet Food
• Partner in Pet Food
• Hill's Pet Nutrition
• Nutreco
• Canadian Jerky Company Ltd.
• Corey Nutrition Company Inc.
• Elmira Pet Products Ltd.
• Malta Cleyton
• Brazilian Pet Foods S/A
• Diana Pet Food Brasil (SPF)
• Neovia Group Brazil
• Natural Pet Foods
• Premier Pet
• Bio-Pet Ltd.
• Tropikal Pet
• Cagatay Pet Food
• African Gazelle Products
• Maneli Pets
• RCL Foods
• Martin & Martin Pty Ltd
• PROMEAL
Which Regions Are Leading the Growth in the Global Pet Food Market?
North America was the largest region in the pet food market in 2024
