U.S. pet food market is expected to reach USD 30.01 billion in 2022 and is anticipated to grow at a CAGR of 3.36% between 2017 and 2022.
The pet food market report includes inclusive view and study in U.S. The report gives historic data of 2016 along with a forecast from 2017 to 2022 based on revenue (USD Billion) and volume (Tons). The study comprises drivers, restraints and opportunities for the pet food market along with the impact on the demand over the forecast period.
The report provides the complete view of the pet food market and comprises detailed product portfolio and strategic developments of key vendors. To know the competitive landscape of the pet food market, an analysis of Porter’s five forces model is incorporated in the study. The study covers market attractiveness analysis, in which products and end user segments are analyzed based on the market size, growth rate, and attractiveness.
The report provides a crucial view on the pet food market by segmenting the market based on product and end user. On the basis of product, the pet food market can be segmented as dry food, wet food, snacks, nutrition and others. End users for pet food are dogs, cats, and others. All the segments have been analyzed based on existing and future trends and the market is projected from 2016to 2022.
The report present comprehensive competitive outlook with company profiles of the key players operating in the U.S market. Key participants profiled in the report include 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. Mars and Nestle are the major contributors bolstering the growth of the pet food market in U.S.
This report segments the U.S pet food market as follows:
U.S. Pet food Market: Product Analysis
U.S. Pet Food Market: End Users Analysis
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.
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:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
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.
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:
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.
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.