GVR Report cover Pet Snacks And Treats Market Size, Share & Trends Report

Pet Snacks And Treats Market Size, Share & Trends Analysis Report By Product (Eatable, Chewable), By Animal (Dog, Cat), By Distribution Channel, By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-4-68039-948-1
  • Number of Pages: 115
  • Format: Electronic (PDF)

Report Overview

The global pet snacks and treats market size was valued at USD 7.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. The increasing pet adoption, humanization, and rising awareness regarding pet health are fueling the demand for pet snacks and treats. The outbreak of COVID-19 had a negative impact on the market. In 2020, the pandemic had disrupted worldwide production and supply chain. The pet food sector encountered several setbacks as a result of the coronavirus outbreak, which caused transportation restrictions in the majority of nations across the globe. The nationwide lockdowns resulted in reduced demand for a long time, and supplies were slowed since manufacturing plants and supply chains were disrupted.

U.S. pet snacks and treats market size, by product, 2020 - 2030 (USD Billion)

The presence of several large pet food companies in the U.S. fuels the regional market growth. In the snacks and treats market, rising health awareness regarding pets is a major factor. Pet humanization is rapidly increasing, which, in turn, is resulting in the increased demand for specialized food and snacks that have all the necessary nutrition. As pet parents have shifted towards organic and natural options for their pets, many companies have started offering natural and organic food and treats. High-quality ingredients play an important role in the buying decision of U.S. pet owners.

Consumers in developed countries are becoming more aware of pet health issues such as weight, allergies, and dietary tolerances. Pet owners are becoming increasingly worried about their pets' health, and they are spending more on nutritious pet diets. Consumers are demanding more specialized pet food, which has resulted in a massive surge in pet food production around the world.

Product Insights

The eatable segment dominated the market and accounted for over 70.0% share of the global revenue in 2021. High-quality, natural treats help with digestion, disease prevention, immunity, energy, and exercise, and contribute to the overall purchasing decision of the consumer. Treats also contribute significantly to the development of a link between pet parents and pets.

The chewable segment is anticipated to register the highest CAGR of 5.5% during the forecast period. Pet humanization is a major element in pet care purchasing. Pet parents are now more conscious about the foods and treats they offer to their pets. Chewable treats relieve pets from dental issues, reduce anxiety, and also stimulate mental health. Appropriate and safe chews or snacks can be given to chew on, not just to keep their teeth clean but also to keep them from damaging household goods. All dogs have a natural instinct to chew and it is a great technique to keep them mentally engaged while also exercising their jaw muscles, soothing teething, and removing plaque and tartar.

Animal Insights

The dog segment dominated the market and accounted for over 48.0% share of the global revenue in 2021. This can be attributed to loyalty and companionship in them. A dog can provide comfort, alleviate anxiety, and reduce blood pressure, pulse rate, breathing rate, and muscle tension. In the global market, pet food producers are also supplying individualized foods from the viewpoint of the customer, which is emerging as a new trend. For instance, in May 2022, Wellness Pet Company introduced a new line of dog treats to assist pet parents in rewarding their pets. The Good Dog by Happy Puppy Treats is a simple grain-free reward for pups that are meant to support animal owners with positive training rewards. Made with Triple Puppy Care contains DHA to help in brain development as well as vitamins A and C.

The cat segment is expected to register the highest CAGR of 5.2% during the forecast period. The growing influence of opting for a pet is expected to fuel animal adoption during the forecast period. In April 2021, Unicharm debuted AllWell cat food products in Japan. The recipes include a patented process for reducing meal regurgitation that claims to be the world's first dietary fiber mixing technology.

Distribution Channel Insights

The e-commerce segment held the largest revenue share of over 50.0% in 2021 and is anticipated to register the highest CAGR during the forecast period. The e-commerce segment witnessed sharp growth owing to the lockdown situation during the pandemic. The e-commerce channel has significantly shifted the spending patterns of people as it provides benefits such as significant discounts, the availability of a broad variety of products, doorstep delivery, and easy payment methods on a unified platform.

Global pet snacks and treats market share, by distribution channel, 2021 (%)

In April 2020, a study on pet food manufacturers performed by Petfood Industry indicated that 60% of manufacturers experienced a rise in sales through e-commerce. This was due to the initial lockdown-induced stocking up of crucial home goods and pet food. However, according to the Petfood Industry Confidence Index survey of pet food professionals and other executives which was published in the same year, e-commerce is expected to grow its dominance in retail sales of pet food.

Regional Insights

Asia Pacific dominated the market and accounted for over 33.0% share of the global revenue in 2021. The growth of the regional market can be attributed to developing economies such as China and India as well as developed nations such as Japan. Urbanization is one of the factors fueling the industry's rapid growth in Asia Pacific. In contrast to traditional pet diets, there has been considerable demand in the region for organic, healthful, and nutritional pet food. The industry has been steadily growing for several years owing to the penetration of new players in the market, increased understanding of pets' nutritional needs, and improved healthcare, which contributes to a longer life expectancy. For instance, in November 2021, V-planet, a vegan dog food company based in San Francisco, announced that it has partnered with Wholefoods, Inc. The partnership is expected to help the company to expand its reach across Asia.

North America is anticipated to expand at a CAGR of 5.2% during the forecast period in terms of revenue. The growing prominence of major pet food brands in North American countries such as the U.S., Canada, and Mexico is expected to drive the consumption of pet snacks and treats in the region. Some of the major brands dominating the market for pet snacks and treats in the region include Mars, Incorporated and its Affiliates; Nestlé; SCHELL & KAMPETER, INC.; The J.M. Smucker Company; and Hill’s Pet Nutrition, Inc.

Key Companies & Market Share Insights

The market has a fragmented landscape as it features various regional and global market players. Key market players are implementing strategies like mergers and acquisitions, collaborations, and partnerships to survive the highly competitive environment and enhance their business market share. In February 2021, Cambrian Pet Foods, a British producer, was acquired by United Petfood. United Petfood's position as a full-service private label pet food maker is strengthened by the acquisition, which allows clients access to a variety of in-house created Products.

Moreover, pet snacks and treats providers are spending significant funds on research and development activities to develop creative and healthy products and integrate new innovative ideas in their offerings to achieve a competitive edge over other market players. In April 2021, Mars Petcare announced that the company made a progress toward a long-standing objective of sourcing 100 percent of the fish used in selected pet food formulas from sustainable sources. The company now gets 81% of its fish from more environment-friendly sources that follow Mars' guidelines.

Some prominent players in the global pet snacks and treats market include:

  • Mars, Incorporated and its Affiliates

  • Nestlé

  • SCHELL & KAMPETER, INC.

  • The J.M. Smucker Company

  • Hill's Pet Nutrition, Inc.

  • Addiction Foods

  • Wellness Pet Company

  • Spectrum Brands, Inc.

  • Unicharm Corporation

  • Blue Buffalo Co., Ltd.

Pet Snacks And Treats Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 8.12 billion

Revenue forecast in 2030

USD 12.2 billion

Growth rate

CAGR of 5.2% from 2022 to 2030

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, animal, distribution channel, region

Regional scope

North America; Europe; Asia Pacific; Middle East and Africa; South America

Country scope

U.S.; Canada; Mexico; U.K.; France; Italy; Germany; China; Japan; India; South Korea; South Africa; Brazil; Argentina

Key companies profiled

Mars, Incorporated and its Affiliates; Nestlé; SCHELL & KAMPETER, INC.; The J.M. Smucker Company; Hill’s Pet Nutrition, Inc.; Addiction Foods; Wellness Pet Company; Spectrum Brands, Inc.; Unicharm Corporation; Blue Buffalo Co., Ltd.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional, and segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global pet snacks and treats market report based on product, animal, distribution channel, and region:

  • Product Outlook (Revenue, USD Million, 2017 - 2030)

    • Eatable

    • Chewable

  • Animal Outlook (Revenue, USD Million, 2017 - 2030)

    • Dog

    • Cat

    • Others

  • Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

    • Supermarkets & Hypermarkets

    • Specialized Pet Shops

    • E-commerce

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • France

      • Italy

      • Germany

    • Asia Pacific

      • China

      • Japan

      • India

      • South Korea

    • Middle East & Africa

      • South Africa

    • South America

      • Brazil

      • Argentina

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