Pet Food Market - Forecast(2022 - 2027)

Report Code: FBR 84784 Report Format: PDF + Excel

Pet Food Market Report Overview

Pet Food Market size in 2019 is estimated to be $47.23 billion, growing at a CAGR of 4.5% during the forecast period 2020-2025. Pet foods are specialty foods prepared according to the nutritional requirements of domesticated animals that can be either made from plant or animal-based food materials. Pet foods are made with innovative shapes and attractive colors to entice the owners and are added with special flavorings to enhance the taste so that animals easily eat the food. Increasing demand for premium and Organic pet food and rising pet humanization are the major factors driving the growth of the market. Moreover, rising disposable income and advancement of R&D activities further enhance the overall market demand for pet food during the forecast period 2020-2025.

Report Coverage

The report: “Pet Food Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Pet Food Market:
By Pet : Dog, Cat, Bird Food, Fish Food, Others
By Food Type : Dry Food, Wet Food, Nutritious Food, Snacks, Others
By Distribution Channel : Supermarkets, Convenience Stores, Others
By Geography: North America, Europe, Asia-Pacific, and Rest of the World

Key Takeaways

  • In 2019, North America dominates the Pet Food Market owing to rising consumer awareness regarding the beneficial impact on pet health along with the increasing trend of humanization of pets.
  • Increasing demand for premium and organic pet food and rising pet humanization is driving the market growth of pet food.
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Pet Food Market report.
  • Reductions in fee trade are challenging the growth of the market. 

Pet Food Market Segment Analysis - By Pet 

Based on the Pet, Pet Food Market is segmented into Dog, Cat, Bird Food, Fish Food, Others. The dog segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 3.9% during the forecast period 2020-2025. This is mainly owing to increasing trend of dog adoption and increased focus on enhancing the weight of dogs and maintaining their overall health are contributing to the growth of this segment.

Pet Food Market Segment Analysis - Food Type

Based on the Food Type, Pet Food Market is segmented into Dry Food, Wet Food, Nutritious Food, Snacks, Others. In 2019, dry food held the largest share in the Pet Food Market. Dry food is useful in ensuring good oral care in dogs with minimal tartar buildup on the animal’s teeth and by reducing plaque. In addition, this product type offers the crunch and chewing required for maintaining the overall health of animals. Dry food eliminates the need for freezing like that in case of canned food which is contributing to the growth of this segment.

Pet Food Market Segment Analysis - Geography

North America dominated the Market share accounting for 45% of the market in 2019. This is mainly owing to rising consumer awareness regarding the beneficial impact on pet health along with the increasing trend of humanization of pets. According to the American Pet Products Association (APPA), around 38% of the people across the U.S. own cats and two as an average number of cats per household.

However, the Asia Pacific region is projected to be the fastest-growing during the forecast period 2020-2025. This is owing to increasing demand for premium dog food.

Pet Food Market Drivers

Increasing Demand for Premium and Organic Pet Food

The pet owners concern about their pets’ health some factors driving the market growth of this segment.  Organic pet foods are free from artificial colors, flavors, antibiotics, synthetic hormones, toxic pesticides and preservatives whereas premium pet foods contain higher quality ingredients than economy or generic pet foods which are increasing the market growth of pet food.

Rising Pet Humanization

Rising pet humanization is a major factor driving the growth of the market. Moreover, consumers are now becoming aware about that pet food and home-made food consist of separate nutritional elements, and that pets need to be fed a diverse range of food, as part of an adequate diet which are contributing to the growth of Pet Food Market.

Pet Food Market Challenges

Reduction in fee trade and increasing trade restriction are restraining its market growth during the forecast period 2020-2025.

Pet Food Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Pet Food Market. Pet Food top 10 companies are Nestlé Purina, Mars Incorporated, Hill’s Pet Nutrition, Inc., Blue Buffalo Pet Products, Inc., The J.M. Smucker Company, WellPet LLC, and Diamond Pet Foods, Deuerer, Omega Protein Corporation, and Nutriara Alimentos Ltd.

Acquisitions/Product Launches:

  • On April 2017, Mars Petcare Inc. launches new brand of dog and cat food crafted to nourish pets through high-protein, meat-first, grain-free recipes.

1. Pet Food Market Overview
    1.1 Definitions and Scope
2. Pet Food Market Executive Summary
    2.1 Market Size and Key Trends 
    2.2 Key trends by Pet
    2.3 Key trends by Food Type
    2.4 Key trends by Distribution Channel
    2.5 Key trends by Geography
3. Pet Food Market Landscape
    3.1 Market Share Analysis - Key Companies
    3.2 Product Benchmarking - Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Pet Food Market- Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Pet Food Market- Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Pet Food Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes 
7. Pet Food Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Pet Food Market – By Pet (Market Size - $Million/$Billion)
    8.1 Dog
    8.2 Cat
    8.3 Bird Food
    8.4 Fish Food
    8.5 Others
9. Pet Food Market – By Food Type (Market Size - $Million/$Billion)
    9.1 Dry Food
    9.2 Wet Food
    9.3 Nutritious Food
    9.4 Snacks
    9.5 Others
10. Pet Food Market – By Distribution Channel (Market Size - $Million/$Billion)
    10.1 Supermarkets
    10.2 Convenience Stores
    10.3 Others
11. Pet Food Market - By Geography (Market Size - $Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. Pet Food Market Entropy
13. Pet Food Market- Industry / Segment Competition landscape Premium Premium
    13.1 Market Share Analysis
        13.1.1 Market Share by Country- Key companies
        13.1.2 Market Share by Region- Key companies
        13.1.3 Market Share at Global Level- Key companies
        13.1.4 Best Practices for Companies
14. Pet Food Market - Key Company List by Country Premium Premium
15. Pet Food Market Company Analysis
    15.1 Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

LIST OF FIGURES

1.US Pet Food Market Revenue, 2019-2024 ($M)
2.Canada Pet Food Market Revenue, 2019-2024 ($M)
3.Mexico Pet Food Market Revenue, 2019-2024 ($M)
4.Brazil Pet Food Market Revenue, 2019-2024 ($M)
5.Argentina Pet Food Market Revenue, 2019-2024 ($M)
6.Peru Pet Food Market Revenue, 2019-2024 ($M)
7.Colombia Pet Food Market Revenue, 2019-2024 ($M)
8.Chile Pet Food Market Revenue, 2019-2024 ($M)
9.Rest of South America Pet Food Market Revenue, 2019-2024 ($M)
10.UK Pet Food Market Revenue, 2019-2024 ($M)
11.Germany Pet Food Market Revenue, 2019-2024 ($M)
12.France Pet Food Market Revenue, 2019-2024 ($M)
13.Italy Pet Food Market Revenue, 2019-2024 ($M)
14.Spain Pet Food Market Revenue, 2019-2024 ($M)
15.Rest of Europe Pet Food Market Revenue, 2019-2024 ($M)
16.China Pet Food Market Revenue, 2019-2024 ($M)
17.India Pet Food Market Revenue, 2019-2024 ($M)
18.Japan Pet Food Market Revenue, 2019-2024 ($M)
19.South Korea Pet Food Market Revenue, 2019-2024 ($M)
20.South Africa Pet Food Market Revenue, 2019-2024 ($M)
21.North America Pet Food By Application
22.South America Pet Food By Application
23.Europe Pet Food By Application
24.APAC Pet Food By Application
25.MENA Pet Food By Application