Pet Food Market Size, Share Global Analysis Report, , 2021 – 2026

Industry Insights

According to the report published by the Facts & Factors, global demand for the pet food market was estimated at approximately USD 87,200 Million in 2020 and is expected to generate revenue of around USD 90,500 Million by the end of 2026, growing at a CAGR of around 4.5% between 2021 and 2026.

Market Overview

Pet food refers to an animal feed meant for the pet’s consumption. It is usually sold in pet stores and supermarkets and is generally specific to the animal type such as cat food, dog food, and others. In addition, the majority of meat used for animals is the by-product of the human food industry and is not considered as "human grade"

Industry Growth Factor

The growth of the global pet food market can be attributed to major factors such as the increasing per capita disposable income, the rapidly growing humanization, and the rising trend of nuclear families. Mostly, packaged nutritional food is adopted by pet parents to offer enough nutrients to their pets. Dogs as pets are most popular compared to other animals such as cats, birds, fishes, and reptiles. This, in turn, is propelling the global pet food market expansion. The majority of the population base thinks of pets as their family members, and most of the pets owned are dogs and cats. Also, most people prefer not to have children and there has been a trend for using pets as an alternative form, which creates a pampered pet industry. Moreover, the rising number of DINK (dual income, no kid) families and old-age couples along with the increasing disposable income are other significant factors fuelling the market growth across the globe.

In several countries, the government is taking initiatives to promote the use of safe and healthy ingredients to develop the overall wellness of pets. Also, the easy availability of pet food in various platforms that range from modern trade to online sales channels is resulting in market growth. Furthermore, the rising penetration of retail sales is increasing the pet food market expansion. Besides, the growing consumer awareness about natural and organic pet food products is forcing the manufacturers to move their focus from synthetic to natural products, leading to the growth of the global market.

Segmentation Analysis

The global pet food market has been classified into product type, animal type, ingredient type, and distribution channel.  On the basis of the type of product, the global pet food market has been segmented into dry pet food, wet pet food, veterinary diets, organic products, treats and snacks, and others. Based on the type of animal, the global pet food market has been separated into dogs, cats, birds, and others. The global pet food market on the basis of ingredient type has been divided into animal-derived, plant-derived, cereals and cereal derivatives, and others. In terms of the distribution channel, the global pet food market has been segmented into specialized pet shops, online channels, supermarkets/hypermarkets, and others.

Report Scope

Regional Analysis

On the basis of regional analysis, the pet food market is segmented into five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is emerging as one of the most important regional pet food markets, following the Asia Pacific. The high growth in this regional market can be attributed to the rising trend of the humanization of pets and the increase in consumer awareness associated with the beneficial impact on pet health in the region. Also, the increasing trend of adopting pets amongst millennials is expected to propel the regional market expansion.

Moreover, the European pet food market is considered to be the main market owing to cat food products because of the high rate of cat ownership. Apart from this, Asia-Pacific, led by Japan, China, South Korea, and India, is becoming one of the key markets at the global level owing to the escalating demand for premium dog food. Also, the high-raised regions of Singapore, Malaysia, Taiwan, and Indonesia are the fast emerging markets in the Asia-Pacific region.

Competitive Players

The important industry players covered in the global pet food market include

• The Hartz Mountain Corporation
• Nestlé Purina PetCare
• Big Heart Pet Brands
• Diamond Pet Foods
• Heristo AG
• Deuerer
• Colgate Palmolive
• Mars Incorporated
• The J.M. Smucker Company
• Hill’s Pet Nutrition Inc.
• Total Alimentos SA
• Lupus Alimentos
• Blue Buffalo Pet Products Inc.
• Cargill Incorporated
• WellPet LLC
• Archer Daniels Midland Company
• DuPont
• BASF SE
• Ingredion Incorporated

By Product Type Segment Analysis

• Dry Pet Food
• Wet Pet Food
• Veterinary Diets
• Organic Products
• Treats and Snacks
• Others

By Animal Type Segment Analysis

• Dogs
• Cats
• Birds
• Others

By Ingredient Type Segment Analysis

• Animal-derived
• Plant-derived
• Cereals and Cereal Derivatives
• Others

By Distribution Channel Segment Analysis

• Specialized Pet Shops
• Online Channel
• Supermarkets/Hypermarkets
• Others

Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East Africa