Description
GLOBAL PET FOOD MARKET 2023-2030
MARKET OUTLOOK
Global pet food market would progress with a CAGR of 7.91% in the forecast duration from 2023 to 2030.
This market is expected to be mainly driven by factors such as the high demand for organic & premium pet food and the rising spending by owners on pet food. In addition, the surging demand for therapeutic pet foods and the escalating growth of the e-commerce distribution channel are also contributing to the pet food market’s growth.
On the other hand, a lack of transparency regarding the ingredients used in pet food products and production & supply chain discrepancies are hindering this growth. However, growing pet adoption worldwide, the humanization of pets, awareness about the health benefits of supplements, and the demand for sustainable and value-driven brands present lucrative growth opportunities to the studied market.
REGIONAL OUTLOOK
The global market for pet food spans across North America, the Middle East and Africa, Europe, the Asia-Pacific, and Latin America.
North America is the leading regional market globally, and held the highest revenue share in 2022. The demand for pet food has witnessed considerable growth in the region, owing to increased pet adoption in the US and Canada. Whereas, the Asia-Pacific is expected to showcase the fastest growth in the global market over the forecasted period. The trend of pet humanization is likely to continue driving the demand for pet food in the region, especially in Australia & New Zealand.
COMPETITIVE OUTLOOK
The key players studied in the pet food market report include Diamond Pet Foods, Champion Petfoods LP, Farmina Pet Foods, Hill’s Pet Nutrition Inc, Mars Petcare Ltd, Inaba Foods Co Ltd, Unicharm Corporation, Nestle Purina Petcare, Wellness Pet Company, and Blue Buffalo Pet Products Inc.
Mars Petcare Ltd is the company behind famous brands, such as Pedigree and Whiskas. Its other brands include Cesar, Misfits, Royal Canin, Chappie, and Nutro (for dogs); Sheba, Kitekat, and Dreamies (for cats); and Trill and Aquarian (for other animals). Established in 1920, Mars Petcare has an industry experience of over 100 years. With a business presence in over 80 countries and a strong workforce of 130,000 employees around the world. The company accounted for a revenue of $40 billion in 2021.
TABLE OF CONTENTS
1. GLOBAL PET FOOD MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT ANALYSIS ON THE PET FOOD MARKET
2.1.1. COVID-19 IMPACT ON THE PET FOOD MARKET
2.1.2. UKRAINE-RUSSIA WAR IMPACT ON THE PET FOOD MARKET
2.2. PORTER’S FIVE FORCES ANALYSIS
2.2.1. THREAT OF NEW ENTRANTS
2.2.2. THREAT OF SUBSTITUTES
2.2.3. BARGAINING POWER OF BUYERS
2.2.4. BARGAINING POWER OF SUPPLIERS
2.2.5. THREAT OF COMPETITIVE RIVALRY
2.3. MARKET MATURITY ANALYSIS
2.4. INDUSTRY COMPONENTS
2.4.1. RAW MATERIAL SUPPLIERS
2.4.2. MANUFACTURERS
2.4.3. DISTRIBUTION CHANNELS
2.4.4. END-USERS
2.5. REGULATORY FRAMEWORK
2.6. KEY BUYING IMPACT ANALYSIS
2.6.1. PRODUCT TYPE
2.6.2. PRODUCT QUALITY
2.6.3. PRICE
2.6.4. BRAND
2.6.5. PACKAGING
2.7. KEY MARKET STRATEGIES
2.7.1. PRODUCT LAUNCHES
2.7.2. ACQUISITIONS
2.8. MARKET DRIVERS
2.8.1. HIGH DEMAND FOR PREMIUM AND ORGANIC PET FOOD
2.8.2. INCREASED SPENDING ON PET FOOD
2.8.3. RISING DEMAND FOR THERAPEUTIC PET FOOD
2.8.4. ESCALATING GROWTH OF E-COMMERCE AS A DISTRIBUTION CHANNEL IN THE PET FOOD MARKET
2.9. MARKET CHALLENGES
2.9.1. DECEPTIVE CLAIMS BY MANUFACTURERS REGARDING INGREDIENTS LEADING TO PET OBESITY
2.9.2. PRODUCTION AND SUPPLY CHAIN THREATS
2.10. MARKET OPPORTUNITIES
2.10.1. DESIRE FOR SUSTAINABLE AND VALUE-DRIVEN BRANDS
2.10.2. HUMANIZATION OF PETS
2.10.3. GROWING AWARENESS REGARDING THE HEALTH BENEFITS OF SUPPLEMENTS
2.10.4. GROWING PET ADOPTION ACROSS THE GLOBE
2.11. ANALYST PERSPECTIVE
3. GLOBAL PET FOOD MARKET OUTLOOK – BY ANIMAL TYPE
3.1. DOGS
3.1.1. WET DOG FOOD
3.1.2. DRY DOG FOOD
3.1.3. TREATS & MIXES FOR DOGS
3.2. CATS
3.2.1. WET CAT FOOD
3.2.2. DRY CAT FOOD
3.2.3. TREATS & MIXES FOR CATS
3.3. OTHER ANIMAL TYPES
4. GLOBAL PET FOOD MARKET OUTLOOK – BY FOOD TYPE
4.1. WET FOOD
4.2. DRY FOOD
4.3. OTHER FOOD TYPES
5. GLOBAL PET FOOD MARKET OUTLOOK – BY DISTRIBUTION CHANNEL
5.1. STORE-BASED
5.2. E-COMMERCE
5.3. VETERINARY
5.4. OTHER DISTRIBUTION CHANNELS
6. GLOBAL PET FOOD MARKET – REGIONAL OUTLOOK
6.1. NORTH AMERICA
6.1.1. MARKET BY ANIMAL TYPE
6.1.2. MARKET BY FOOD TYPE
6.1.3. MARKET BY DISTRIBUTION CHANNEL
6.1.4. COUNTRY ANALYSIS
6.1.4.1. UNITED STATES
6.1.4.1.1. UNITED STATES PET FOOD MARKET FORECAST & PROSPECTS
6.1.4.2. CANADA
6.1.4.2.1. CANADA PET FOOD MARKET FORECAST & PROSPECTS
6.2. EUROPE
6.2.1. MARKET BY ANIMAL TYPE
6.2.2. MARKET BY FOOD TYPE
6.2.3. MARKET BY DISTRIBUTION CHANNEL
6.2.4. COUNTRY ANALYSIS
6.2.4.1. UNITED KINGDOM
6.2.4.1.1. UNITED KINGDOM PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.2. GERMANY
6.2.4.2.1. GERMANY PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.3. FRANCE
6.2.4.3.1. FRANCE PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.4. ITALY
6.2.4.4.1. ITALY PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.5. NORDIC COUNTRIES
6.2.4.5.1. NORDIC COUNTRIES PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.6. BELGIUM
6.2.4.6.1. BELGIUM PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.7. POLAND
6.2.4.7.1. POLAND PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.8. REST OF EUROPE
6.2.4.8.1. REST OF EUROPE PET FOOD MARKET FORECAST & PROSPECTS
6.3. ASIA-PACIFIC
6.3.1. MARKET BY ANIMAL TYPE
6.3.2. MARKET BY FOOD TYPE
6.3.3. MARKET BY DISTRIBUTION CHANNEL
6.3.4. COUNTRY ANALYSIS
6.3.4.1. CHINA
6.3.4.1.1. CHINA PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.2. JAPAN
6.3.4.2.1. JAPAN PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.3. INDIA
6.3.4.3.1. INDIA PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.4. SOUTH KOREA
6.3.4.4.1. SOUTH KOREA PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.5. ASEAN COUNTRIES
6.3.4.5.1. ASEAN COUNTRIES PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.6. AUSTRALIA & NEW ZEALAND
6.3.4.6.1. AUSTRALIA & NEW ZEALAND PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.7. REST OF ASIA-PACIFIC
6.3.4.7.1. REST OF ASIA-PACIFIC PET FOOD MARKET FORECAST & PROSPECTS
6.4. LATIN AMERICA
6.4.1. MARKET BY ANIMAL TYPE
6.4.2. MARKET BY FOOD TYPE
6.4.3. MARKET BY DISTRIBUTION CHANNEL
6.4.4. COUNTRY ANALYSIS
6.4.4.1. BRAZIL
6.4.4.1.1. BRAZIL PET FOOD MARKET FORECAST & PROSPECTS
6.4.4.2. MEXICO
6.4.4.2.1. MEXICO PET FOOD MARKET FORECAST & PROSPECTS
6.4.4.3. REST OF LATIN AMERICA
6.4.4.3.1. REST OF LATIN AMERICA PET FOOD MARKET FORECAST & PROSPECTS
6.5. MIDDLE EAST AND AFRICA
6.5.1. MARKET BY ANIMAL TYPE
6.5.2. MARKET BY FOOD TYPE
6.5.3. MARKET BY DISTRIBUTION CHANNEL
6.5.4. COUNTRY ANALYSIS
6.5.4.1. EGYPT
6.5.4.1.1. EGYPT PET FOOD MARKET FORECAST & PROSPECTS
6.5.4.2. SAUDI ARABIA
6.5.4.2.1. SAUDI ARABIA PET FOOD MARKET FORECAST & PROSPECTS
6.5.4.3. TURKEY
6.5.4.3.1. TURKEY PET FOOD MARKET FORECAST & PROSPECTS
6.5.4.4. SOUTH AFRICA
6.5.4.4.1. SOUTH AFRICA PET FOOD MARKET FORECAST & PROSPECTS
6.5.4.5. REST OF MIDDLE EAST & AFRICA
6.5.4.5.1. REST OF MIDDLE EAST & AFRICA PET FOOD MARKET FORECAST & PROSPECTS
7. COMPETITIVE LANDSCAPE
7.1. BLUE BUFFALO PET PRODUCTS INC
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY STRENGTHS
7.1.4. KEY CHALLENGE
7.2. CHAMPION PETFOODS LP
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY STRENGTHS
7.2.4. KEY CHALLENGE
7.3. DIAMOND PET FOODS
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY STRENGTH
7.3.4. KEY CHALLENGE
7.4. FARMINA PET FOODS
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY STRENGTH
7.4.4. KEY CHALLENGE
7.5. HILL’S PET NUTRITION INC
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY STRENGTHS
7.5.4. KEY CHALLENGES
7.6. INABA FOODS CO LTD
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY STRENGTH
7.6.4. KEY CHALLENGE
7.7. MARS PETCARE LTD
7.7.1. OVERVIEW
7.7.2. FINANCIAL ANALYSIS
7.7.3. PORTFOLIO
7.7.4. KEY STRENGTHS
7.7.5. KEY CHALLENGE
7.8. NESTLE PURINA PETCARE
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY STRENGTHS
7.8.4. KEY CHALLENGE
7.9. UNICHARM CORPORATION
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY STRENGTHS
7.9.4. KEY CHALLENGE
7.10. WELLNESS PET COMPANY
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.10.3. KEY STRENGTHS
7.10.4. KEY CHALLENGE
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY
TABLE LIST
TABLE 1: GLOBAL PET FOOD MARKET, BY REGIONAL OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF PRODUCT LAUNCHES
TABLE 4: LIST OF ACQUISITIONS
TABLE 5: GLOBAL PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 6: GLOBAL PET FOOD MARKET, BY DOGS, 2023-2030 (IN $ MILLION)
TABLE 7: GLOBAL PET FOOD MARKET, BY CATS, 2023-2030 (IN $ MILLION)
TABLE 8: GLOBAL PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 9: GLOBAL PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 10: GLOBAL PET FOOD MARKET, BY REGIONAL OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 11: NORTH AMERICA PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 12: NORTH AMERICA PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 13: NORTH AMERICA PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 14: NORTH AMERICA PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 15: EUROPE PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 16: EUROPE PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 17: EUROPE PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 18: EUROPE PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 19: ASIA-PACIFIC PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 20: ASIA-PACIFIC PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 21: ASIA-PACIFIC PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 23: LATIN AMERICA PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 24: LATIN AMERICA PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 25: LATIN AMERICA PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 26: LATIN AMERICA PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 27: MIDDLE EAST AND AFRICA PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 28: MIDDLE EAST AND AFRICA PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 29: MIDDLE EAST AND AFRICA PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 30: MIDDLE EAST AND AFRICA PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
FIGURE LIST
FIGURE 1: MARKET MATURITY ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: GLOBAL PET FOOD MARKET, BY ANIMAL TYPE, 2022 & 2030 (IN %)
FIGURE 5: GLOBAL PET FOOD MARKET, BY DOGS, 2023-2030 (IN $ MILLION)
FIGURE 6: GLOBAL PET FOOD MARKET, BY WET DOG FOOD, 2023-2030 (IN $ MILLION)
FIGURE 7: GLOBAL PET FOOD MARKET, BY DRY DOG FOOD, 2023-2030 (IN $ MILLION)
FIGURE 8: GLOBAL PET FOOD MARKET, BY TREATS & MIXES FOR DOGS, 2023-2030 (IN $ MILLION)
FIGURE 9: GLOBAL PET FOOD MARKET, BY CATS, 2023-2030 (IN $ MILLION)
FIGURE 10: GLOBAL PET FOOD MARKET, BY WET CAT FOOD, 2023-2030 (IN $ MILLION)
FIGURE 11: GLOBAL PET FOOD MARKET, BY WET FOOD, 2023-2030 (IN $ MILLION)
FIGURE 12: GLOBAL PET FOOD MARKET, BY TREATS & MIXES FOR CATS, 2023-2030 (IN $ MILLION)
FIGURE 13: GLOBAL PET FOOD MARKET, BY FOOD TYPE, 2022 & 2030 (IN %)
FIGURE 14: GLOBAL PET FOOD MARKET, BY WET FOOD, 2023-2030 (IN $ MILLION)
FIGURE 15: GLOBAL PET FOOD MARKET, BY DRY FOOD, 2023-2030 (IN $ MILLION)
FIGURE 16: GLOBAL PET FOOD MARKET, BY OTHER FOOD TYPES, 2023-2030 (IN $ MILLION)
FIGURE 17: GLOBAL PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2022 & 2030 (IN %)
FIGURE 18: GLOBAL PET FOOD MARKET, BY STORE-BASED, 2023-2030 (IN $ MILLION)
FIGURE 19: GLOBAL PET FOOD MARKET, BY E-COMMERCE, 2023-2030 (IN $ MILLION)
FIGURE 20: GLOBAL PET FOOD MARKET, BY VETERINARY, 2023-2030 (IN $ MILLION)
FIGURE 21: GLOBAL PET FOOD MARKET, BY OTHER DISTRIBUTION CHANNELS, 2023-2030 (IN $ MILLION)
FIGURE 22: GLOBAL PET FOOD MARKET, REGIONAL OUTLOOK, 2022 & 2030 (IN %)
FIGURE 23: UNITED STATES PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 24: CANADA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 25: UNITED KINGDOM PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 26: GERMANY PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 27: FRANCE PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 28: ITALY PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 29: NORDIC COUNTRIES PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 30: BELGIUM PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 31: POLAND PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 32: REST OF EUROPE PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 33: CHINA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 34: JAPAN PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 35: INDIA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 36: SOUTH KOREA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 37: ASEAN COUNTRIES PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 38: AUSTRALIA & NEW ZEALAND PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 39: REST OF ASIA-PACIFIC PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 40: BRAZIL PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 41: MEXICO PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 42: REST OF LATIN AMERICA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 43: EGYPT PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 44: SAUDI ARABIA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 45: TURKEY PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 46: SOUTH AFRICA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 47: REST OF MIDDLE EAST & AFRICA PET FOOD MARKET 2023-2030 (IN $ MILLION)
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