Global Pet Food Market Insights
Global Pet Food Market size was valued at USD 95.1 billion in 2021 and is poised to grow from USD 99.1 billion in 2022 to USD 139.29 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030).
One of the key factors influencing the global Pet Food Market is the growing consumer awareness of natural and organic pet food products, which has compelled producers to reorient their attention from synthetic to natural products. Many folks took advantage of the lockdown's opportunity to purchase a family pet because they were working from home at that time. According to numerous studies, having a pet makes people less likely to experience issues like loneliness and depression because pets provide companionship. Breeders and rescue organizations noted a surge in requests from people looking for dogs in 2020. According to Mars Petcare, a well-known producer of pet foods, the combined sales of cat and dog treats increased by 6.5% in the 12 weeks between February and May 2020. This signifies the pet food market growth, which is expected to continue post pandemic.
Get more info about Global Pet Food- https://www.skyquestt.com/report/pet-food-market
Analysis:
Global Pet Food Market Segmental Analysis
The Global Pet Food Market is segmented based on animal type, form source, and region. Based on the animal type, the Pet Food Market is segmented into dogs, cats, and others. Based on the form, the Pet Food Market is segmented into dry pet food, wet pet food, and snacks & treats. Based on the source, the Pet Food Market is segmented into animal and plant. Based on the region Pet Food Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Pet Food Market Analysis by Animal Type
Based on the animal type, the Pet Food Market is segmented into dogs, cats, and others. The dog segment is projected to hold the most substantial share in the market. Dogs are widely preferred as pets around the world, which is a big factor in the animal's dominance of the market. Moreover, the market for natural and higher-quality dog food is being driven by the high costs involved with the upkeep and welfare of dogs. Another key factor in the segment's expansion is the introduction of dog treats and nutrient-dense food. Cat ownership is anticipated to grow significantly in the upcoming years due to their low care needs and high level of human friendliness.
Pet Food Market Top Players' Company Profiles
- Mars Petcare Inc.
- Nestlé Purina PetCare
- Hill's Pet Nutrition Inc.
- Blue Buffalo Co., Ltd.
- The J.M. Smucker Company
- Diamond Pet Foods Inc.
- Deuerer GmbH
- Nutriara Alimentos Ltda
- WellPet LLC
- Merrick Pet Care
- Diamond Pet Foods Inc.
- Sunshine Mills, Inc.
- Ainsworth Pet Nutrition
- Agrolimen SA
- InVivo NSA
- Big Heart Pet Brands
- Unicharm Corp.
- Doane Pet Care
- C&D Foods Holdings Ltd.
- Colgate-Palmolive Co.
About Us:
SkyQuest Technology is leading growth consulting firm providing market
intelligence, commercialization and technology services. It has 450+ happy clients
globally.
Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com
Tags
Global Pet Food Market Size
Global Pet Food Market Share
Global Pet Food Market Forecast
Global Pet Food Market Analysis
