Pet Food Market Size is valued at US$ 106,965.9 Mn in 2023 and is expected to reach US$ 162,234.2 Mn by 2034 growing at CAGR of 4.0% from 2024 to 2034.
Pet food is a specialized form of animal feed formulated to meet the distinct nutritional needs of pets, including dogs, cats, and birds. It is designed to supply the vital nutrients required for development, maintenance, and overall health. The nutrients comprise proteins, carbs, lipids, vitamins, and minerals. Pet food is often classified into dry (kibble), wet (canned), semi-moist, and raw varieties. The ingredients typically include meat or animal derivatives, cereals, vegetables, and supplementary additives such as omega fatty acids or probiotics. The global pet food industry has expanded considerably owing to rising pet ownership and customer desire for premium and natural goods.
The shift toward natural and organic ingredients has become a major trend, with pet owners prioritizing high-quality, chemical-free, and sustainable food options for their pets. Additionally, monoprotein diets, designed for pets with food sensitivities, are gaining popularity, alongside more specialized foods targeting health concerns such as weight management, dental health, and joint support.
Animal-derived proteins remain the most common source in pet food, but plant-based and insect-based proteins are emerging as sustainable alternatives, responding to growing environmental concerns and the demand for hypoallergenic options. With innovation at the forefront, the market continues to diversify, offering products like functional foods, tailored diets for pets with allergies or sensitivities, and convenient, high-quality options for pet owners who prioritize their pets' health and well-being.
The pet food market is segmented by product type, source, animal type, and nature. Based on product type, the market is categorized in dry food (kibble), extruded, baked, wet food, snacks/treats, dehydrated food, freeze-dried food, frozen food, raw food, powdered food. Based on source, the market is segmented into animal-derived, plant-derived, and insect-derived. Based on animal type, the market is categorized into Dog, Cat, Birds, Others. Based on Nature, the market is segmented into Conventional, Organic, Monoprotein.
Kibble or dry form holds a huge share in the Pet Food market because they are convenient, economical, and have a very long shelf life, making them a convenient option for pet owners. These are high-protein, nutrient-dense foods and fulfill the increasing demand for nutritious and hypoallergenic pet food. In recent years, there has been a growing trend in the market for high-protein, grain-free, and functional kibble designed to meet pets' specific dietary requirements, including weight management and joint support. Royal Canin and Hill's Science Diet are pioneering innovations by providing breed-specific kibble. The dry food (kibble) segment is dominated by North America, particularly the United States, due to the high pet ownership rate, particularly among dog owners, and the preference for cost-effective, convenient nutrition solutions.
Animal derived segment is significantly driven by the demand for high-protein, meat-rich diets, which is driven by the humanization of pets and the premiumization trend. Pet owners are increasingly seeking pet foods that approach human dietary preferences. Additionally, there is an increasing consumer preference for innovative animal proteins to reduce allergies and sensitivities in their pets. Premiumization, health-conscious feeding practices, and consumer propensity to invest in high-quality, protein-rich diets that reflect their own health and wellness values all contribute to the sustained growth of North America's animal-derived pet food market. Furthermore, grain-free and raw meat diets have experienced an increase in popularity, particularly in North America and Europe, where pet owners emphasize natural and organic feeding.
The conventional pet food market has the most significant global share due to its low cost, widespread availability, and diverse product offers. Conventional pet food continues to dominate, particularly in the dry kibble, due to its low cost and ease. Conventional pet food has considerable similarities with the dog and cat food sectors, where dry food (kibble) is still the most common type. Functional additives in conventional food, such as joint support and immune-boosting compounds, are becoming increasingly essential differentiators. This segment grows on mass-market demand, particularly in emerging markets where cost-effectiveness remains essential.
North America is leading the Pet Food market, driven by high pet ownership, with 66% of American households owning a pet (2023-2024 National Pet Owners Survey, American Pet Products Association), and 97% considering them part of the family (Pew Research Center). Pet humanization trends are the primary factor driving the region's expansion, as owners prioritize premium, organic, and functional pet foods and regard their pets as family members. North America is anticipated to maintain its dominant position in the global pet food market by emphasizing pet health and wellness, premiumization, and continuous innovation.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 106,965.9 Mn |
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Revenue Forecast In 2034 |
USD 162,234.2 Mn |
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Growth Rate CAGR |
CAGR of 4.0% from 2024 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2034 |
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Historic Year |
2021 to 2023 |
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Forecast Year |
2024-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product, Pharmaceuticals, And, Animal, Distribution Channel, End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; Japan; South Korea; Southeast Asia |
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Competitive Landscape |
Simmons Pet Food, Inc., Nature's Variety, J.M. Smucker Company, Sunshine Mills, Inc., Mars, Hill's Pet Nutrition, Inc., Nestlé Purina PetCare, United Petfood, Blue Buffalo Co., Ltd., Pets Choice, Inspired Pet Nutrition Ltd., Unicharm PetCare Corporation, Spectrum Brands Holdings, Inc., Burns Pet Nutrition, and FirstMate Pet Foods |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Pet Food Market Snapshot
Chapter 4. Global Pet Food Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2034
4.8. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.9. Use/impact of AI on Pet Food Market Industry Trends
4.10. Global Pet Food Market Penetration & Growth Prospect Mapping (US$ Mn), 2021-2034
Chapter 5. Pet Food Market Segmentation 1: By Product Type, Estimates & Trend Analysis
5.1. Market Share by Product Type, 2024 & 2034
5.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Product Type:
5.2.1. Dry Food (Kibble)
5.2.1.1. Extruded
5.2.1.2. Baked
5.2.2. Wet Food
5.2.3. Snacks/Treats
5.2.4. Dehydrated Food
5.2.5. Freeze-Dried Food
5.2.6. Frozen Food
5.2.7. Raw Food
5.2.8. Powdered Food
Chapter 6. Pet Food Market Segmentation 2: By Source, Estimates & Trend Analysis
6.1. Market Share by Source, 2024 & 2034
6.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Source:
6.2.1. Animal-Derived
6.2.1.1. Chicken
6.2.1.2. Beef
6.2.1.3. Fish
6.2.1.4. Lamb
6.2.1.5. Turkey
6.2.1.6. Pork
6.2.1.7. Duck
6.2.1.8. Venison
6.2.2. Plant-Derived
6.2.3. Insect-Derived
Chapter 7. Pet Food Market Segmentation 3: By Animal Type, Estimates & Trend Analysis
7.1. Market Share by Animal Type, 2024 & 2034
7.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Animal Type:
7.2.1. Dog
7.2.1.1. Adult
7.2.1.2. Puppy
7.2.1.3. Senior
7.2.2. Cat
7.2.2.1. Adult
7.2.2.2. Puppy
7.2.2.3. Senior
7.2.3. Birds
7.2.4. Others (Rabbits, Hamsters, etc.)
Chapter 8. Pet Food Market Segmentation 4: By Nature, Estimates & Trend Analysis
8.1. Market Share by Nature, 2023 & 2034
8.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Nature:
8.2.1. Conventional
8.2.2. Organic
8.2.3. Monoprotein
Chapter 9. Pet Food Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. Global Pet Food Market, Regional Snapshot 2023 & 2034
9.2. North America
9.2.1. North America Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
9.2.1.1. US
9.2.1.2. Canada
9.2.2. North America Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
9.2.3. North America Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021-2034
9.2.4. North America Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Animal Type, 2021-2034
9.2.5. North America Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Nature, 2021-2034
9.3. Europe
9.3.1. Europe Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
9.3.1.1. Germany
9.3.1.2. U.K.
9.3.1.3. France
9.3.1.4. Italy
9.3.1.5. Spain
9.3.1.6. Rest of Europe
9.3.2. Europe Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
9.3.3. Europe Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021-2034
9.3.4. Europe Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Animal Type, 2021-2034
9.3.5. Europe Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Nature, 2021-2034
9.4. Asia Pacific
9.4.1. Asia Pacific Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
9.4.1.1. India
9.4.1.2. China
9.4.1.3. Japan
9.4.1.4. Australia
9.4.1.5. South Korea
9.4.1.6. Hong Kong
9.4.1.7. Southeast Asia
9.4.1.8. Rest of Asia Pacific
9.4.2. Asia Pacific Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
9.4.3. Asia Pacific Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021-2034
9.4.4. Asia Pacific Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Animal Type, 2021-2034
9.4.5. Asia Pacific Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Nature, 2021-2034
9.5. Latin America
9.5.1. Latin America Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
9.5.1.1. Brazil
9.5.1.2. Mexico
9.5.1.3. Rest of Latin America
9.5.2. Latin America Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
9.5.3. Latin America Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021-2034
9.5.4. Latin America Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Animal Type, 2021-2034
9.5.5. Latin America Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Nature, 2021-2034
9.6. Middle East & Africa
9.6.1. Middle East & Africa Wind Turbine Rotor Blade Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.6.1.1. GCC Countries
9.6.1.2. Israel
9.6.1.3. South Africa
9.6.1.4. Rest of Middle East and Africa
9.6.2. Middle East & Africa Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
9.6.3. Middle East & Africa Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021-2034
9.6.4. Middle East & Africa Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Animal Type, 2021-2034
9.6.5. Middle East & Africa Pet Food Market Revenue (US$ Million) Estimates and Forecasts by Nature, 2021-2034
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Simmons Pet Food, Inc.
10.2.1.1. Business Overview
10.2.1.2. Key Product Type/Service Overview
10.2.1.3. Financial Performance
10.2.1.4. Geographical Presence
10.2.1.5. Recent Developments with Business Strategy
10.2.2. Simmons Pet Food, Inc.
10.2.3. Nature's Variety
10.2.4. J.M. Smucker Company
10.2.5. Sunshine Mills, Inc.
10.2.6. Mars
10.2.7. Hill's Pet Nutrition, Inc.
10.2.8. Nestlé Purina PetCare
10.2.9. United Petfood
10.2.10. Blue Buffalo Co., Ltd.
10.2.11. Pets Choice
10.2.12. Inspired Pet Nutrition Ltd.
10.2.13. Unicharm PetCare Corporation
10.2.14. Spectrum Brands Holdings, Inc.
10.2.15. Burns Pet Nutrition
10.2.16. FirstMate Pet Foods
Pet Food Market by Product Type -
Pet Food Market by Source -
Pet Food Market by Animal Type -
Pet Food Market by Nature-
• Conventional
• Organic
• Monoprotein
Pet Food Market by Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
