Industries Study Report: Pet Food Industry

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Understanding the Pet Food Industry: Global Demand Analysis

Pet Food Industry Data Book - Dog Food, Cat Food and Other Pet Food Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Grand View Research’s pet food sector database is a collection of market sizing information & forecasts, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Pet Food Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Dog Food Market Report Highlights

The global Dog Food Market size was estimated at 12,823.6 Kilo Tons in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030.

The dry food segment is estimated to register the fastest CAGR of 5.2% from 2023 to 2030 due to several advantages, such as cost-efficiency, convenience, nutritional balance, modern and novel formulations, and longer shelf life
The online sales channels segment is expected to record the fastest CAGR from 2023 to 2030. The online sales of dog food are propelled by the busy lives people lead, the convenience of user-friendly websites/apps, and the easy availability of products
Asia Pacific is estimated to emerge as the fastest-growing region with a CAGR of 5.8% from 2023 to 2030 due to swiftly changing lifestyles and rapid urbanization, which has led to changes in lifestyles, where smaller living spaces and busy schedules make it more convenient for pet owners to opt for commercial dog food over homemade alternatives
Fluctuations in the cost of raw materials used in dog food production, such as meat, grains, and vegetables, can impact the pricing of finished products. High raw material costs may result in higher retail prices, which can deter price-sensitive consumers

Dog Food Market Size, 2020 - 2030 (USD Billion)

Order your copy of Free Sample of “Pet Food Industry Data Book - Dog Food, Cat Food and Other Pet Food Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Cat Food Market Report Highlights

The global Cat Food Market size was estimated at 9,708.4 Kilo Tons in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030.

The growth is attributed to the increase in pet obesity, the rise of nuclear families, the humanization of pets, growing awareness of pet health, and regulatory limitations on pet food manufacturing
The dry food type segment is anticipated to grow at a CAGR of 4.4% from 2023 to 2030. This is attributed to its long shelf life. Due to its low moisture content, dry food is less likely to spoil or attract pests, which means that it can be stored for a longer period without issue
The online distribution channels segment is expected to witness significant growth from 2023 to 2030. This is attributed to convenient, simple, and efficient ways to access high-quality products. Online stores offer a range of options for pet owners, including premium and specialty cat food brands that may not be available in traditional retail stores
Asia Pacific is expected to emerge as the fastest-growing region with a CAGR of 5.2% from 2023 to 2030. This is attributed to the growth in disposable income and rapid urbanization. Furthermore, the shift toward smaller households may also contribute to the rise of pet ownership including cats in Asia Pacific, as pets provide companionship and emotional support to individuals
Moreover, companies are involved in mergers, acquisitions, and product innovations to cater to the market. For instance, in 2022, Diamond Pet Foods announced the completion of its new manufacturing and distributing unit in Rushville, Indiana with an investment of USD 260 million by 2024

Go through the table of content of Pet Food Industry Data Book to get a better understanding of the Coverage and Scope of the study

Competitive Landscape

Key industry players are increasingly embracing innovative marketing strategies and leveraging advanced technologies to enhance their revenue generation and expand their customer base in the foreseeable future.

Key players operating in the Pet Food industry are:

The J.M. Smucker Company
The Hartz Mountain Corporation
Mars, Incorporated
Hill’s Pet Nutrition, Inc.
Nestlé Purina

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Exploring the Shift in Consumer Preferences: A Pet Food Industry Demand Analysis

Pet Food Industry Data Book - Dog Food, Cat Food and Other Pet Food Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Pet Food Industry was estimated at 31,804.4 Kilotons in 2022 and is anticipated to increase at a significant CAGR of 3.6% from 2023 to 2030.

Access the Global Pet Food Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Dog Food Market Growth & Trends

The global dog food market size is expected to reach USD 61.60 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.4% from 2023 to 2030. This is attributed to a rise in global pet ownership, including dogs. Furthermore, as people's lifestyles change and urbanization rises, pets are often seen as companions and family members, leading to an increased product demand. In addition, as economies develop and disposable income rises in various regions, people are willing to spend more on their pets, including providing them with higher-quality and specialized dog food. Moreover, many pet owners now consider their dogs as integral members of their family.

This trend has led to a shift in how people care for their pets, including choosing premium and organic options that mimic human dietary trends. Due to recent advancements in technology and the introduction of novel sales channels aimed at reaching untapped markets worldwide, the pet food industry has witnessed the emergence of pet specialty stores and the availability of products through online platforms. Moreover, social media has been crucial in promoting pet-related content, including recommendations and product reviews, significantly impacting consumer preferences, and enhancing brand visibility.

The global market is characterized by intense competition, as numerous manufacturing companies offer their quality brands, catering to a large customer base, and enjoy global recognition. The market has a presence of a diverse array of participants, including multinational corporations, regional players, and smaller-scale manufacturers. Notable major companies, such as Mars Petcare, Nestlé Purina, Hill's Pet Nutrition (a subsidiary of Colgate-Palmolive), and General Mills (owner of Blue Buffalo), vie for market share alongside smaller, specialized brands.

Dog Food Market Size, 2020 - 2030 (USD Billion)

Order your copy of the Free Sample of “Pet Food Industry Data Book - Dog Food, Cat Food and Other Pet Food Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Cat Food Market Growth & Trends

The global cat food market size is expected to reach USD 44.32 billion by 2030, growing at a CAGR of 3.8% during the forecast period, as per a new report by Grand View Research, Inc. This is attributable to the increasing pet ownership, growing health and wellness concerns, and growing product innovation and diversity worldwide. The market has seen continuous product innovation, with manufacturers introducing new flavors, formulations, and formats to cater to diverse consumer preferences and requirements. Grain-free, limited ingredient diets, and natural or organic cat food options have gained popularity. Additionally, there has been an expansion in the availability of specialized diets, such as hypoallergenic or weight management cat food resulting in an increase in demand for the product over the period.

A large proportion of individuals consider their pets to be part of their family, and cats are the second most popular pets after dogs. Many individuals who reside in small apartments prefer smaller pets that suit their lifestyle. With more people opting out of having children, there is a growing trend of using pets as a substitute, leading to a flourishing industry that caters to pampered pets. Additionally, the increasing number of elderly couples, dual-income households with no children, and a surge in disposable income are the primary drivers of cat adoption worldwide.

Go through the table of content of Pet Food Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Pet Food industry are:

The J.M. Smucker Company
The Hartz Mountain Corporation
Mars, Incorporated
Hill’s Pet Nutrition, Inc.
Nestlé Purina

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

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Pet Food Industry: Dry Cat Food Type Accounted For the Fastest Growth Rate

Pet Food Industry Data Book - Dog Food, Cat Food and Other Pet Food Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Pet Food Industry was estimated at 31,804.4 Kilo Tons in 2022 and is anticipated to increase at a significant CAGR of 3.6% from 2023 to 2030.

Dog Food Market Insights

The global Dog Food Market size was valued at 12,823.6 Kilo Tons in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. This is attributed to the increasing awareness among consumers about the importance of providing balanced and nutritional food to pets. They are seeking products that cater to their pets' specific dietary needs and health requirements.Factors, such as product quality, pricing, brand reputation, innovation, distribution, and marketing strategies, drive the competition in the global market. Companies consistently invest in research and development to introduce enhanced formulations that align with the changing demands of pet owners. Moreover, they prioritize expanding their market presence through various distribution channels, encompassing specialty stores, supermarkets, and online platforms.

Dog food is uniquely formulated to cater to the precise dietary requirements and nutritional needs of household dogs. Its primary objective is to provide essential nutrients, vitamins, and minerals, promoting the overall health and well-being of dogs. The market offers a wide variety of products, including dry kibble, wet canned products, semi-moist treats, freeze-dried, and raw alternatives. High-quality dog food typically includes a balance of proteins, carbohydrates, fats, fiber, and other essential nutrients to meet a dog's energy requirements, promote muscle and bone health, support the immune system, and maintain healthy skin and coat. Dog food is available in different formulations tailored to specific life stages, such as puppy, adult, and senior, as well as specialized diets for dogs with specific health conditions or dietary preferences.

U.S. Households with Pet Animals, 2021 (Million)

Cat Food Market Insights

The global Cat Food Market size was valued at 9,708.4 Kilo Tons in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.8% from the 2023 to 2030 forecast period. The growth of the product market is attributed to the growing ownership of cats, the humanization of pets, and a growing awareness of the importance of pet nutrition worldwide. Additionally, the rise of e-commerce and the availability of cat food online has made it easier for pet owners to find and purchase products that cater to their pet's specific needs.

Cat food is a specially formulated type of pet food designed specifically for the dietary needs of cats. They are obligate carnivores, and thus require a diet that is high in protein and fats from animal sources. Therefore, it typically includes meat-based protein sources such as chicken, turkey, fish, or beef. In addition to protein, it also contains other essential nutrients such as minerals, vitamins, and fats to maintain good overall health and meet cats' dietary needs. These nutrients are particularly important for the growth and development of kittens and the maintenance of adult’s health.

The trend of humanization, where pets are treated as family members, has been gaining momentum. Pet owners are increasingly seeking high-quality, nutritious, and premium pet food products, including cat food, that mirror the type of food they would eat themselves. The growing need for owners to provide their pets with the best possible nutrition and care has led to a rise in demand for premium and specialized cat food options.

Go through the table of content of Pet Food Industry Data Book to get a better understanding of the Coverage and scope of the study

Pet Food Industry Data Book Competitive Landscape

The competitive landscape of the pet food market is moderately consolidated with the presence of multinational companies striving to fulfill high demand from large customer and end-user base. Key industry players are increasingly embracing innovative marketing strategies and leveraging advanced technologies to enhance their revenue generation and expand their customer base in the foreseeable future.

Key players operating in the Pet Food Industry are:

The J.M. Smucker Company
The Hartz Mountain Corporation
Mars, Incorporated
Hill’s Pet Nutrition, Inc.
Nestlé Purina

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Contact:

Understanding the Pet Food Industry: Global Demand Analysis

Exploring the Shift in Consumer Preferences: A Pet Food Industry Demand Analysis

Pet Food Industry: Dry Cat Food Type Accounted For the Fastest Growth Rate

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