How Has the Pet Snacks And Treats Market Size Evolved in Recent Years?
The pet snacks and treats market has seen considerable growth due to a variety of factors.
•The market size for pet snacks and treats has seen a quick expansion in the past few years. The market, which is predicted to surge from $47.55 billion in 2024 to $53.27 billion in 2025, boasts a compound annual growth rate (CAGR) of 12.0%.
The considerable growth witnessed in the historical period can be traced back to various factors including sustainable and ethical practices, the demand for treats for pet training as well as for behavior modification purposes, a wide range of product choices, and the impact of social media.
What are the Market Size and Expected Growth Rates for the Pet Snacks And Treats Market?
The pet snacks and treats market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for pet snacks and treats is projected to experience swift expansion. By 2029, it's anticipated to reach a value of $85.99 billion, showcasing a compound annual growth rate (CAGR) of 12.7%.
The predicted growth during this forecast period is chiefly due to factors like increased pet ownership, treating pets like family, focus on health and wellness, upgrading of pet products, urbanization and hectic lifestyles. The key trends expected in this period are advancements in packaging, functional dental treats, regional and cultural varieties, interactive and enrichment treats, and the use of cbd and hemp.
What Are The Essential Drivers Behind The Growth Of The Pet Snacks And Treats Market?
The pet snacks and treats market is projected to expand owing to the rising expenditure on pet health. Pet health encompasses the comprehensive health and state of pets including dogs, cats, birds, small mammals, or any other domesticated animals. Pet snacks and treats, often used as rewards during training sessions, are not only beneficial to dental hygiene but also provide supplemental nutrients for a wholesome diet. For example, the American Pet Products Association provided data in April 2024, indicating that in 2023, pet care spending in the U.S. amounted to $147 billion. Of this, $64.4 billion was for pet food and treats, $32 billion was allocated to supplies, live animals, and over-the-counter medicine, while veterinary care and product sales accounted for $38.3 billion and $12.3 billion was spent on additional services such as boarding, grooming, and training. Hence, the upward trend in spending on pet health is catalysing the expansion of the pet snacks and treats market.
How Is The Global Pet Snacks And Treats Market Divided Into Key Segments?
The pet snacks and treats market covered in this report is segmented –
1) By Product: Eatables, Chewable
2) By Category: Conventional, Organic
3) By Pet Type: Dogs, Cats, Birds, Fish, Other Pets
4) By Distribution Channel: Super markets And Hyper markets, Specialty Pet Stores, Online, Other Distribution Channels
Subsegments:
1) By Eatables: Soft Treats, Hard Biscuits, Freeze-Dried Treats, Meal Enhancers
2) By Chewable: Bones, Dental Chews, Rawhide Treats, Chew Sticks
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What Trends Are Reshaping The Future Of The Pet Snacks And Treats Market?
The emergence of product innovations is a prominent trend observed in the pet snacks and treats industry. Several major players in this sector are keenly focusing on the creation of innovative goods to maintain their market standing. For instance, Wellness Pet Company, based in the United States, unveiled Good Dog by Wellness, a range of organic dog treats, in May 2022. These treats, specifically engineered for young, growing puppies, are grain-free and are enriched with beneficial ingredients like vegetables and omega-rich flaxseed. Such carefully crafted treats contribute to brain development, immune resilience, and overall health, offering pet guardians a range of options to cater to specific health and training requirements, such as promoting good conduct in a young pup or ensuring the well-being of dogs of all ages.
Who Are the Key Players in the Pet Snacks And Treats Market?
Major companies operating in the pet snacks and treats market include:
• Cargill Incorporated
• Nestle S.A.
• Mars Incorporated
• General Mills Inc.
• The J.M. Smucker Company
• Unicharm Corporation
• Spectrum Brands Holdings Inc.
• Hill's Pet Nutrition Inc.
• Big Heart Pet Brands Inc.
• Diamond Pet Foods Inc.
• Blue Buffalo Co. Ltd.
• Affinity Petcare S.A.
• Freshpet Inc.
• Schell & Kampeter Inc.
• Sunshine Mills Inc.
• Champion Petfoods LP
• WellPet LLC
• American Pet Nutrition Inc.
• Redbarn Pet Products LLC
• BARK Inc.
• NutriSourcePet
• Simmons Pet Food Inc.
• Ainsworth Pet Nutrition LLC
• Addiction Foods LLC
• Newman's Own Inc.
• Castor & Pollux Private Limited
• Old Mother Hubbard
• Charlee Bear Products LLC
• Cloud Star
• Canidae.
What are the Regional Insights into the Pet Snacks And Treats Market?
North America was the largest region in the pet snacks and treats market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet snacks and treats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
