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Pet Food Market - Global Industry Analysis

Pet Food Market By Product (Dry Food, Canned Food, Nutritious Food, Snacks, and Others), By Source (Animal-based, Plant-based, and Synthetic), By Type (Dog Food, Cat Food, and Others), By Distribution Channels (Online, Hypermarkets, Specialized Pet Shops, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 21-Apr-2021 Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-221 Status : Published

The global pet food market accounted for USD 80.41 Billion in 2020 and is expected to reach more than USD 118.17 Billion by 2028, growing at a CAGR of 5.4% from 2021 to 2028.

Description

Market Overview

The global pet food market accounted for USD 80.41 Billion in 2020 and is expected to reach more than USD 118.17 Billion by 2028, growing at a CAGR of 5.4% from 2021 to 2028.

Rising pet adoptions are chasing the sales of pet food products. This seems to be happening mostly in higher-income group, which may be better able to bear the costs for the food. Pets are like family members and the owners want to keep them healthy and safe which helps in the demand for the pet food market.

COVID-19 Impact Analysis

Due to lockdown in various countries pet owners across the globe stocked up food for pets which resulted in shortage of some preferred brands by the owners. Government declared pet food as an essential business but due to shortage of labor and social distancing manufacturers are facing problems. There wasn’t any significant impact on the global operations and manufacturing.

Growth Factors

Rise in a trend of dog adoption has increased the demand for pet food. Especially dog adoption is driving the growth. Pet owners concern about the safety and health have also helped in the growth for pet food market. Growing variants in pet food, rising disposable income and increase in the demand for premium pet food are also the reasons for the rise in the global pet food market.

Dry food and canned dog are witnessing rapid growth in the market owing to convenience in terms of feeding pets and storage. Personalization of pet food is emerging as a new trend. Manufacturers are producing customized food according to the demand of customers, e-commerce is also contributing in the revenue for the market.

Report Scope

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Source Segment Analysis Preview

Animal based segment held a share of over 60% in 2020. Animal based products are divided into meat products, proteins, amino acids, fats and others. It provides fatty acids, iron, essential proteins, and vitamins to the pets. Meat helps in increasing palatability and hence improves the digestion. Fish bones is a major ingredient in pet food, as it has phosphorus and calcium. Fish is a rich source of omega-3 and vitamin A & D. The benefits of omega-3 is it helps in regulating immune system, blood pressure, and cognitive function in older pets.

Type Segment Analysis Preview

Cat segment is projected to grow at a CAGR of around 6% from 2021 to 2028. Trend of having more than one cat has helped in consistent growth. Cats need less training as compared to dogs and cats are also capable of spending more time alone while a dog can’t. Besides, cost for owning a cat is relatively low as compared to a dog.

Rise in consumer awareness about pet health has led to an increased focus on maintaining their overall health and checking the weight of dogs. Pet owners usually have their own trusted brands which they barely change and demand for premium dog food held a substantial share in the global pet food market.

Regional Analysis Preview

North America accounted for a share of over 30% in 2020. The demand has been driven by consumer awareness regarding the beneficial impact of proper pet food on their pets. The U.S. held the largest share as millennial are adopting more nowadays. Rising trend of pet humanization, rising trend of owning more than one pet and increased disposable income are catering to the growth in the region. Europe is one of the leading regions in cat owners where people are adopting or owning more than one cat as the cost of owning a cat is also bearable.

Key Market Players & Competitive Landscape

Some of key players in pet food market are Diamond Pet Foods, The J.M. Smucker Company, Blue Buffalo Pet Products, Inc., Total Alimentos SA, WellPet LLC, Nestlé Purina, The Hartz Mountain Corporation, Hill’s Pet Nutrition, Inc., Lupus Alimentos, Mars Incorporated, among others. Creating an online presence is one of the key strategies for market players.

For instance, companies such as JustFoodforDogs, Farmer’s Dog, Ollie, NomNomNow and PetPlate received venture capitalist funding for fresh pet food. Subscription sales by popular sites such as Amazon and Chewy.com spurred the growth.

The global pet food market is segmented as follows:

By Product

  • Dry Food
  • Canned Food
  • Nutritious Food
  • Snacks
  • Others

By Source

  • Animal-based
  • Plant-based
  • Synthetic

By Type

  • Dog Food
  • Cat Food
  • Others

By Distribution Channel

  • Online
  • Hypermarkets
  • Specialized Pet Shops
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Source
        • 2.1.1.3. Market Attractiveness Analysis, By Type
        • 2.1.1.4. Market Attractiveness Analysis, By Distribution Channels
        • 2.1.1.5. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Pet Food Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3: COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4: Pet Food Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Dry Food
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Canned Food
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Nutritious Food
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Snacks
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Others
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5: Pet Food Market – Source Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Source, 2020 & 2028
    • 5.2. Animal-based
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Plant-based
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Synthetic
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6: Pet Food Market – Type Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 6.2. Dog Food
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Cat Food
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Others
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7: Pet Food Market – Distribution Channels Segment Analysis
    • 7.1. Overview
      • 7.1.1. Market Revenue Share, By Distribution Channels, 2020 & 2028
    • 7.2. Online
      • 7.2.1. Market Size and Forecast, By Region (USD Million)
      • 7.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.3. Hypermarkets
      • 7.3.1. Market Size and Forecast, By Region (USD Million)
      • 7.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.4. Specialized Pet Shops
      • 7.4.1. Market Size and Forecast, By Region (USD Million)
      • 7.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.5. Others
      • 7.5.1. Market Size and Forecast, By Region (USD Million)
      • 7.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 8: Pet Food Market – Regional Analysis
    • 8.1. Overview
      • 8.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 8.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 8.2. North America
      • 8.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 8.2.3. North America Market Revenue, By Source, 2016 – 2028
      • 8.2.4. North America Market Revenue, By Type, 2016 – 2028
      • 8.2.5. North America Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.2.6. U.S.
        • 8.2.6.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 8.2.6.2. U.S. Market Revenue, By Source, 2016 – 2028
        • 8.2.6.3. U.S. Market Revenue, By Type, 2016 – 2028
        • 8.2.6.4. U.S. Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.2.7. Canada
        • 8.2.7.1. Canada Market Revenue, By Product, 2016 – 2028
        • 8.2.7.2. Canada Market Revenue, By Source, 2016 – 2028
        • 8.2.7.3. Canada Market Revenue, By Type, 2016 – 2028
        • 8.2.7.4. Canada Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.2.8. Mexico
        • 8.2.8.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 8.2.8.2. Mexico Market Revenue, By Source, 2016 – 2028
        • 8.2.8.3. Mexico Market Revenue, By Type, 2016 – 2028
        • 8.2.8.4. Mexico Market Revenue, By Distribution Channels, 2016 – 2028
    • 8.3. Europe
      • 8.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 8.3.3. Europe Market Revenue, By Source, 2016 – 2028
      • 8.3.4. Europe Market Revenue, By Type, 2016 – 2028
      • 8.3.5. Europe Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.3.6. Germany
        • 8.3.6.1. Germany Market Revenue, By Product, 2016 – 2028
        • 8.3.6.2. Germany Market Revenue, By Source, 2016 – 2028
        • 8.3.6.3. Germany Market Revenue, By Type, 2016 – 2028
        • 8.3.6.4. Germany Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.3.7. France
        • 8.3.7.1. France Market Revenue, By Product, 2016 – 2028
        • 8.3.7.2. France Market Revenue, By Source, 2016 – 2028
        • 8.3.7.3. France Market Revenue, By Type, 2016 – 2028
        • 8.3.7.4. France Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.3.8. U.K.
        • 8.3.8.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 8.3.8.2. U.K. Market Revenue, By Source, 2016 – 2028
        • 8.3.8.3. U.K. Market Revenue, By Type, 2016 – 2028
        • 8.3.8.4. U.K. Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.3.9. Italy
        • 8.3.9.1. Italy Market Revenue, By Product, 2016 – 2028
        • 8.3.9.2. Italy Market Revenue, By Source, 2016 – 2028
        • 8.3.9.3. Italy Market Revenue, By Type, 2016 – 2028
        • 8.3.9.4. Italy Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.3.10. Spain
        • 8.3.10.1. Spain Market Revenue, By Product, 2016 – 2028
        • 8.3.10.2. Spain Market Revenue, By Source, 2016 – 2028
        • 8.3.10.3. Spain Market Revenue, By Type, 2016 – 2028
        • 8.3.10.4. Spain Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.3.11. Rest of Europe
        • 8.3.11.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 8.3.11.2. Rest of Europe Market Revenue, By Source, 2016 – 2028
        • 8.3.11.3. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 8.3.11.4. Rest of Europe Market Revenue, By Distribution Channels, 2016 – 2028
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 8.4.3. Asia Pacific Market Revenue, By Source, 2016 – 2028
      • 8.4.4. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 8.4.5. Asia Pacific Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.4.6. China
        • 8.4.6.1. China Market Revenue, By Product, 2016 – 2028
        • 8.4.6.2. China Market Revenue, By Source, 2016 – 2028
        • 8.4.6.3. China Market Revenue, By Type, 2016 – 2028
        • 8.4.6.4. China Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.4.7. Japan
        • 8.4.7.1. Japan Market Revenue, By Product, 2016 – 2028
        • 8.4.7.2. Japan Market Revenue, By Source, 2016 – 2028
        • 8.4.7.3. Japan Market Revenue, By Type, 2016 – 2028
        • 8.4.7.4. Japan Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.4.8. India
        • 8.4.8.1. India Market Revenue, By Product, 2016 – 2028
        • 8.4.8.2. India Market Revenue, By Source, 2016 – 2028
        • 8.4.8.3. India Market Revenue, By Type, 2016 – 2028
        • 8.4.8.4. India Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 8.4.9.2. South Korea Market Revenue, By Source, 2016 – 2028
        • 8.4.9.3. South Korea Market Revenue, By Type, 2016 – 2028
        • 8.4.9.4. South Korea Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.4.10. South-East Asia
        • 8.4.10.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 8.4.10.2. South-East Asia Market Revenue, By Source, 2016 – 2028
        • 8.4.10.3. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 8.4.10.4. South-East Asia Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.4.11. Rest of Asia Pacific
        • 8.4.11.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 8.4.11.2. Rest of Asia Pacific Market Revenue, By Source, 2016 – 2028
        • 8.4.11.3. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 8.4.11.4. Rest of Asia Pacific Market Revenue, By Distribution Channels, 2016 – 2028
    • 8.5. Latin America
      • 8.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 8.5.3. Latin America Market Revenue, By Source, 2016 – 2028
      • 8.5.4. Latin America Market Revenue, By Type, 2016 – 2028
      • 8.5.5. Latin America Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.5.6. Brazil
        • 8.5.6.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 8.5.6.2. Brazil Market Revenue, By Source, 2016 – 2028
        • 8.5.6.3. Brazil Market Revenue, By Type, 2016 – 2028
        • 8.5.6.4. Brazil Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.5.7. Argentina
        • 8.5.7.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 8.5.7.2. Argentina Market Revenue, By Source, 2016 – 2028
        • 8.5.7.3. Argentina Market Revenue, By Type, 2016 – 2028
        • 8.5.7.4. Argentina Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.5.8. Rest of Latin America
        • 8.5.8.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 8.5.8.2. Rest of Latin America Market Revenue, By Source, 2016 – 2028
        • 8.5.8.3. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 8.5.8.4. Rest of Latin America Market Revenue, By Distribution Channels, 2016 – 2028
    • 8.6. The Middle-East and Africa
      • 8.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 8.6.3. The Middle-East and Africa Market Revenue, By Source, 2016 – 2028
      • 8.6.4. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 8.6.5. The Middle-East and Africa Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.6.6. GCC Countries
        • 8.6.6.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 8.6.6.2. GCC Countries Market Revenue, By Source, 2016 – 2028
        • 8.6.6.3. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 8.6.6.4. GCC Countries Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.6.7. South Africa
        • 8.6.7.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 8.6.7.2. South Africa Market Revenue, By Source, 2016 – 2028
        • 8.6.7.3. South Africa Market Revenue, By Type, 2016 – 2028
        • 8.6.7.4. South Africa Market Revenue, By Distribution Channels, 2016 – 2028
      • 8.6.8. Rest of Middle-East Africa
        • 8.6.8.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 8.6.8.2. Rest of Middle-East Africa Market Revenue, By Source, 2016 – 2028
        • 8.6.8.3. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 8.6.8.4. Rest of Middle-East Africa Market Revenue, By Distribution Channels, 2016 – 2028
  • Chapter No. 9: Pet Food Market – Industry Analysis
    • 9.1. Introduction
    • 9.2. Market Drivers
    • 9.3. Market Restraints
    • 9.4. Market Opportunities
    • 9.5. Porter’s Five Forces Analysis
    • 9.6. PEST Analysis
    • 9.7. Regulatory Landscape
    • 9.8. Technulogy Landscape
    • 9.9. Regional Market Trends
      • 9.9.1. North America
      • 9.9.2. Europe
      • 9.9.3. Asia Pacific
      • 9.9.4. Latin America
      • 9.9.5. The Middle-East and Africa
    • 9.10. Pricing Analysis
    • 9.11. Value Chain Analysis
    • 9.12. Downstream Buyers
    • 9.13. Distributors/Traders List
  • Chapter No. 10: Competitive Landscape
    • 10.1. Company Market Share Analysis – 2019
      • 10.1.1. Global Pet Food Market Company Market Share, 2019
      • 10.1.2. Global Pet Food Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 10.1.3. Global Pet Food Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 10.1.4. Global Pet Food Market Radar Determinant Chart, 2019
    • 10.2. Strategic Developments
      • 10.2.1. Acquisitions & Mergers
      • 10.2.2. New Product Launch
      • 10.2.3. Regional Expansion
    • 10.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 11: Company Profiles
    • 11.1. Diamond Pet Foods
    • 11.2. The J.M. Smucker Company
    • 11.3. Blue Buffalo Pet Products, Inc.
    • 11.4. Total Alimentos SA
    • 11.5. WellPet LLC
    • 11.6. Nestlé Purina
    • 11.7. The Hartz Mountain Corporation
    • 11.8. Hill’s Pet Nutrition, Inc.
    • 11.9. Lupus Alimentos
    • 11.10. Mars Incorporated
  • Chapter No. 12: Marketing Strategy Analysis
    • 12.1. Marketing Channel
    • 12.2. Direct Marketing
    • 12.3. Indirect Marketing
    • 12.4. Marketing Channel Development Trends
    • 12.5. Economic/Pulitical Environmental Change
  • Chapter No. 13: Research Methodulogy
    • 13.1. Research Methodulogy
    • 13.2. Phase I - Secondary Research
    • 13.3. Phase II - Data Modeling
      • 13.3.1. Company Share Analysis Model
      • 13.3.2. Revenue Based Modeling
    • 13.4. Phase III - Primary Research
    • 13.5. Research Limitations
      • 13.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Pet Food market. Zion Research has collected and analyzed key data belong to the global Pet Food market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Pet Food across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Pet Food industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Pet Food market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Pet food is ready to serve food for pets such as dogs, cats, fish, birds and others. Pet food has gained huge demand in recent times owing to various products present in the market. Pet food consists of several ingredients which provide ample amount of nutrition to the pets.

The increasing trend for ready to serve pet food is likely to drive the pet food market in coming years. Moreover, the sharp rise in discretional income along with changing lifestyle is expected to aid the pet food market growth. Growing fad towards a choice of different pets in U.S is likely to intensify the market growth in the forecast period. Pets are considered as strained solace which is gaining huge eminence among the U.S population, especially in teenagers. This factor is predicted to positively influence the pet number in U.S which in turn is likely to bloom the pet food market in the coming years. However, stringent regulations implemented by the government on the nutritional level of pet food may impede the growth of the pet food market. Nevertheless, ongoing intense research & development for introducing innovate and nutritional food products are likely to optimize the further growth of the market in upcoming years.

Global-Pet-food-Market

On the basis of product, the pet food market can be segmented as wet food, dry food, nutrition food, snacks and others. Dry food curled the majority of the pet food market share in 2015 and is liable to maintain its pace in the coming years. Dry food possesses long shelf life and eases in handling and storing, this factor is likely to propel the growth of dry pet food market in the forecast period. However, it is expected that nutrition food will encounter huge growth in near future owing to increasing prevalence of obesity among cats and dogs.  The end users for the pet food market are cats, dogs, and others. The other segment includes fish and birds among others. Among all, dogs segment governed the pet food market in 2015 with noteworthy market share. This is mainly due to the existence of bazillion of dogs across the houses of U.S. Cat segment is expected to grow at the fastest pet due to fondness towards cats.

U.S gripped the majority of the pet food market across the globe in 2015 and is further expected to fortify the pet food market in near future. As per the National Pet Owners Survey in 2015 around 60% of U.S houses hold pets. This factor is likely to positively impact on the pet food market in this region. The shift in preference for nutritious pet food over the conventional food is expected to foster the demand for pet food market in U.S. There almost 300 manufacturers operating in pet food sector in U.S which in total produce approximately 7 million tons of pet food annually. Reluctance for daily cooking among U.S populace is anticipated to contribute to the high growth of pet food market in near future.

Some of the global major players in the pet food are Mars Petcare Inc., Big Heart Pet Brands, P&G PetCare, Nestle Purina PetCare, Hill’s Pet Nutrition, Diamond Pet Foods, Deuerer, Blue Buffalo, WellPet and Heristo AG. The presence of various vendors in the U.S market forces the players to focus on the product development to sustain in the pet food market.


Frequently Asked Questions

The global pet food market was valued at USD 80.41 Billion in 2020.

The global pet food market is expected to reach USD 118.17 Billion by 2028, growing at a CAGR of 5.4% between 2021 to 2028.

Some of the key factors driving the global pet food market growth are awareness about the benefits of pet food, increase in disposable income, online delivery, rise in the trend of adopting pets.

North America region held a substantial share of the pet food market in 2020. Asia Pacific region is projected to grow at a significant rate.

Some of key players in Pet Food Market are Diamond Pet Foods, The J.M. Smucker Company, Blue Buffalo Pet Products, Inc., Total Alimentos SA, WellPet LLC, Nestlé Purina, The Hartz Mountain Corporation, Hill’s Pet Nutrition, Inc., Lupus Alimentos, and Mars Incorporated, among others.

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