Global Pet Food Market: Overview
Pet Food Market is anticipated to worth USD 87.05 billion by 2018, with a CAGR
of 5.5% during 2019-2025. Over the years, the growing range of pet-owners has resulted in an intensive demand for pet food. Rising need for nutritious, healthy, and organic pet food on account of growing awareness regarding animal health is expected to augment market demand. With changing lifestyle and rapid humanization of pets, consumers have been spending more on high-quality food. The growing trend of pet adoption as a result of the increasing number of nuclear families in emerging economies is expected to be a major growth driver over the coming years. As pet food helps in combating skin allergies and infections as well as improving the overall health and life expectancy of pets, the owners are increasingly looking for pet food products that address these health concerns.
The government of various countries has taken initiatives to promote the use of safe and healthy ingredients to improve the overall wellness of pets. For instance, the Japanese Government implemented the Law for Ensuring the Safety of Pet Food for pet food makers, importers, and wholesalers to protect the pet health and regulate the manufacturing process. Such initiatives would continue to boost the overall pet food market size.
Global Pet Food Market: Product Insights
Based on the product, the pet food market is bifurcated into Dry, Wet/Canned, Nutritious, and Snacks/Treats. Dry food segment leads the overall pet food market followed by canned food and project to dominate the overall pet food market over the forecast period 2019-2025. Owing to their high nutritional value, lower generation of waste, and longer storage, they are mainly targeted for the young animal. In times of high disposable income and consumer confidence, consumers purchase more animals, driving demand for industry products. People have become conscious about the composition of their pet’s food. To provide healthy and nutritious food to the pets, the pet food industry will undergo a remarkable change. The health concerns related to animals have also geared up the market for dry pet food products. The snacks/treats segment is projected to witness significant growth over the forecast period. Increasing awareness regarding nutrition required for domestic animals has shifted owner preference from snacks and treats toward nutritional products.
Global Pet Food Market: Pet Type
On the basis of pet type, the global pet food market is segmented into dogs, cats, fish, and others. Among pet type, dog food accounted for the largest share of the global pet food market in 2017 followed by the cat food during the forecast period. Owing to increasing dog ownership coupled with the rising pet humanization trend across the globe. A majority of European and North American countries are witnessing a trend of premiumization and are feeding their dogs with high-quality pet food. Dog breeds like Labradors, Golden Retrievers, German Shepherds, Beagles, Bulldogs, and Rottweilers are some of the popular domestic dogs. Increasing demand for nutritional and organic products for varied breeds at different stages of their life is probably going to propel market growth over the forecast period. The other segment includes food for birds, mice, turtle, and reptiles.
Global Pet Food Market: Regional Insights
Geographically, the pet food market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is the leading region of the pet food industry during the forecast period 2019-2025 followed by Europe. Presence of animal-loving population in the county has led to greater opportunities for the pet accessories and food market. Rising necessity for nutritious, healthy, and organic pet food on account of increasing awareness regarding animal health is expected to augment market demand. Asia-Pacific is the fastest growing region. Delayed parenthood in many urban areas of the country is also a trend saw in recent years, propelling the adoption of dogs, cats, and other animals. This is expected to enhance product demand over the coming years.
Objective of the Study:
To analyze and forecast market size of the Global Pet Food market,
in terms of value & volume.
To examine the careful market segmentation and forecast the market
size, in terms value, on the basis of region by segmenting Pet Food market into
five regions, namely, North America, Europe, Asia Pacific, Middle East and
their leading countries.
To outline, categorized and forecast the global pet food market on
the basis of product, pet type, and sales channel.
To examine competitive developments like expansions, technological
advancement, services, and regulative framework within the global pet food
To highlight the impact analysis of the factors, affecting the
market dynamics such as drivers, restraints, opportunities, and challenges.
To strategically profile the key players and comprehensively
analyze their market shares along with detailing the competitive landscape for
Global Pet Food Market: Competitive Landscape
Companies such as Cargill, Archer Daniels Midland Company, DSM, Nestle SA (Purina), DIAMOND PET FOODS INC., Hill’s Pet Nutrition, Merrick Pet Care, Ainsworth Pet Nutrition, MARS INC., Agrolimen SA, Nutriara Alimentos Ltd., WELLPET LLC, THE J. M. SMUCKER COMPANY (BIG HEART PET BRANDS), HERISTO AG are the leading players of pet food market across the globe.
Key Target Audience:
Market research and consulting firms
Global pet food manufacturers
Research organizations and consulting companies
Organizations, associations and alliances
related to pet food market
Scope of the Report
By Sales Channel
Specialized Pet Shops
In addition, the report provides analysis of the pet food market with respect to the following geographic segments and their high performing regions:
Asia Pacific (APAC)
Business Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of value
and volume and market statistics with detailed classification
Which segment dominates the market or region and
one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key player
and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
With five additional company detail analysis.
Additional country analysis.
Detailed segment analysis.