The global pet food market size was valued at USD 94.76 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2022 to 2030. Increasing consumer awareness regarding natural and organic pet food products has forced the manufacturers to shift their focus from synthetic to natural products which has acted as one of the major forces impacting the global market.
The COVID-19 pandemic had an adverse effect on supply networks. The pet food sector suffered in terms of supply and cash flow due to restrictions in the movement of raw materials. Pet food demand, on the other hand, grew steadily in many parts of the world as individuals adopted more pets in response to a growing desire for the company during the lockdown. To meet this requirement, market players turned their focus from brick-and-mortar stores to e-commerce platforms.
Convenience benefits related to dry organic and natural pet food are projected to drive the product demand. Unlike most conventional pet foods, organic and natural pet foods are being used on a large scale.
Growing dog food demand along with higher traction in the premium pet food segment is anticipated to drive the pet food market over the forecast period. Dry food is witnessing rapid growth in demand as compared to other product counterparts owing to its convenience in terms of storage and feeding pets without creating a mess. This is positively influencing urban consumers to increasingly opt for dry pet food.
Canned food is more palatable to dogs and cats as this product type contains proteins, fats, and a few carbohydrates. Wet/canned pet food is easy to digest and thus limits the backyard cleaning activity to a minimal. The higher digestibility offered by wet food makes it preferable for cats and dogs with illnesses and those that are finicky eaters.
The rising trend of dog adoption as a companion for families is projected to propel the product demand. Particularly dogs are witnessing an upward trend in terms of the concept of humanization of pets. This has resulted in an increased number of people owning dogs and feeding them premium food. Furthermore, rapid urbanization is among the key factors driving the market.
According to recent estimates from the Pet Food Manufacturers Association, 3.2 million homes in the U.K. have adopted a pet since the outbreak began (Paley,2021). Pet-owning households presently number 17 million in the U.S. The previously stagnating levels of pet ownership in the last five years have risen to 57 percent in May 2021 (Mintel,2021).
Young people have accounted for a large portion of the increase in pet owners. Over half of new pandemic pet parents are between the ages of 16 and 34. Current pet owners are another important driver of pet purchase, with 42% of them getting a new pet since the lockdown. During COVID-19, 74 percent of pet owners said that their pet had benefited them with their mental health.
Dry food accounted for the largest share of 44.9% for the year 2021 and 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 the case of canned food.
High moisture content in this product type helps ensure that the pets are hydrated and are also beneficial to the urinary tract. However, the high cost of the product, particularly meat-based protein canned food, may restrict its preference among consumers, thereby restraining the segment growth over the forecast period.
Pet snacks are usually preferred for improving intake of nutrition and enhanced quality ingredients, whereas treats are used as the key product to induce positive behavior in pets. Snacks usually consist of baked products such as roasted grains and biscuits or dried fruits and vegetables.
The dog segment accounted for over 41.5% of the global revenue share in 2021. Rising consumer awareness regarding pet health has led to an increased focus on enhancing the weight of dogs and maintaining their overall health. Customers are opting between multiple available foods and are highly relying on product brands. Manufacturers are constantly focusing on entering the premium food products segment and thereby improving their overall profit margin.
The trend of owning more than one cat is witnessing consistent growth, particularly in Europe and North America, thereby propelling the product demand. Cats require less training as compared to dogs and are capable of spending more time alone. Besides, the cost required for owing cats is relatively low as compared to that in the case of dogs.
The other application segment includes pet food products for birds, fish, and reptiles. The product demand for such animal categories is likely to remain sluggish as compared to that for dogs and cats. The short lifespan and low rate of food consumption are likely to emerge as the major factors for low product demand in this segment as compared to dogs and cats.
North America dominated the market and accounted for a 49.9% share of global revenue in 2021. The regional demand for pet food is primarily driven by rising consumer awareness regarding the beneficial impact on pet health along with the increasing trend of humanization of pets.
The rising trend of adopting pets among millennials is further projected to support market growth. 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.
Europe is anticipated to grow at a CAGR of 4.5% over the forecast period in terms of revenue. According to the European Pet Food Industry Federation (FEDIAF), over 80 million households across Europe own at least one pet. The regional market is led by cat food products owing to the high rate of cat ownership.
Asia Pacific, led by China, Japan, India, and South Korea, emerged as one of the major markets across the globe in 2018. The regional market growth can be attributed to the increasing demand for premium dog food. According to the Alltech Global Feed Survey, pet food production grew up to 3% in Asia Pacific in 2021.
The key players in the market are majorly inclined towards expansion, merger & acquisition, and new product development. Product differentiation remains a key factor in increasing sales of pet food. Some of the prominent players in the global pet food market include:
The J.M. Smucker Company
The Hartz Mountain Corporation
Mars Incorporated
Hill’s Pet Nutrition, Inc
Nestlé Purina
Lupus Alimentos
Total Alimentos SA
Blue Buffalo Pet Products, Inc.
WellPet LLC
Diamond Pet Foods
Report Attribute |
Details |
Market size value in 2022 |
USD 99.10 billion |
Revenue forecast in 2030 |
USD 139.29 billion |
Growth rate |
CAGR of 4.4% from 2022 to 2030 |
Base year for estimation |
2021 |
Historical data |
2017 - 2020 |
Forecast period |
2022 - 2030 |
Quantitative units |
Revenue in USD million, volume in kilotons, and CAGR from 2022 to 2030 |
Report coverage |
Volume & revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Type, animal, region |
Regional Scope |
North America; Europe; Asia Pacific; Central and South America; and Middle East and Africa |
Country scope |
U.S.; Canada; Mexico; Germany; U.K., Russia; Spain; Italy; France; Ukraine; Turkey; Poland; China; Japan; South Korea; India; Indonesia; Malaysia; Vietnam; Thailand; Australia; Brazil; Argentina; Middle East; South Africa |
Key companies profiled |
The J.M. Smucker Company; The Hartz Mountain Corporation; Mars Incorporated; Hill’s Pet Nutrition, Inc; Nestlé Purina; Lupus Alimentos; Total Alimentos SA; Blue Buffalo Pet Products, Inc.; WellPet LLC; Diamond Pet Foods |
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global pet food market based on type, animal, and region:
Type Outlook (Volume, Kilotons; Revenue, USD Million; 2017 - 2030)
Dry Food
Wet Food
Snacks/Treats
Animal Outlook (Volume, Kilotons; Revenue, USD Million; 2017 - 2030)
Dog
Cat
Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2017 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Poland
Ukraine
Russia
Turkey
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Vietnam
Thailand
Australia
Central & South America
Brazil
Argentina
Middle East & Africa
Middle East
South Africa
b. The global pet food market size was estimated at USD 94.76 billion in 2021 and is expected to reach USD 99.10 billion in 2022.
b. The global pet food market is expected to grow at a compound annual growth rate of 4.4% from 2022 to 2030 to reach USD 139.29 billion by 2030.
b. North America dominated the market and accounted for a 49.9% share of global revenue in 2021. The regional demand for pet food is primarily driven by rising consumer awareness regarding the beneficial impact on pet health along with the increasing trend of humanization of pets.
b. Some key players operating in the pet food market include The J.M. Smucker Company; The Hartz Mountain Corporation; Mars Incorporated; Hill’s Pet Nutrition, Inc; Nestlé Purina; Lupus Alimentos; Total Alimentos SA; Blue Buffalo Pet Products, Inc.; WellPet LLC; and Diamond Pet Foods.
b. Key factors that are driving the pet food market growth include the rising trend of pet adoption as a companion for families and consumer awareness regarding the beneficial impact on pet health.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
Leading SME award by D&B
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.
"The quality of research they have done for us has been excellent."
Restrictions on manufacturing activities due to the advent of the COVID-19 pandemic shall cause a slump in the supply of feed, as well as its additives. The current stagnation in supply is, in turn, detrimental against the backdrop of ever-increasing demand for essential food products such as dairy and meat. The report will account for COVID-19 as a key market contributor.
We value your investment and offer free customization with every report to fulfil your exact research needs.