Global Pet Food Market Size to Surpass USD 191.71 Billion at a CAGR of 5.5% Growth By 2034

According to the report, the global pet food market size was valued at approximately USD 112.23 Billion in 2024 and is predicted to reach around USD 191.71 Billion by the end of 2034, expanding at a CAGR of around 5.5% from 2025 to 2034.

Market Overview: Rising demand for high-quality, natural, and customized pet food products is driving significant growth in the global pet food market. With the increasing number of pet owners and their growing concerns about the nutritional value of the food they provide to their pets, the market is expected to reach USD 118.17 billion by 2028, with a CAGR of 5.4% during the forecast period of 2021-2028.

Market Outlook: The market is expected to continue to grow, driven by trends such as the increasing adoption of pets, the popularity of natural and organic pet food products, and the demand for customized and personalized pet food products. The dog food segment is expected to hold the largest share of the market, while the North American region is expected to hold the largest regional share. As the market continues to evolve, there will be opportunities for innovative companies to develop new products and capture a larger share of the market.

Browse the full “Pet Food Market By Source (Plant-Based, Animal-Based), By Form (Wet Pet Food, Dry Pet Food, Snacks & Treats), By Animal Type (Therapy Pets, Domesticated Pets, Dogs, Cats), By By Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Online Channel, Others), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034” Report at https://www.zionmarketresearch.com/report/pet-food-market

Rise in Pet Humanization to Spur Growth

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 the 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.

Another major trend in the pet food market is the increasing demand for customized and personalized pet food products. Pet owners are increasingly seeking products that are tailored to the specific needs of their pets, such as breed, age, and health conditions. This trend is driving the growth of the market for specialty pet food products, such as hypoallergenic, high-protein, and low-fat products.

Availability of different pet food products in the market may impel the growth of the market in the forecast period. Growing occurrence of obese pets had regulated various laws for nutrition content of the pet food, which may obstruct the growth of the pet food market in coming years. Nevertheless, the introduction of high nutritious value food is expected to endow the pet food market with ample opportunities in the forecast period.

Pet Food Market Segmentation

The global pet food market is segmented based on source, form, animal type,distribution channel, and region.

Based on source, the global market segments are plant-based and animal-based. In 2024, the highest revenue was generated from animal-based sources since most of the brands and products available in the market consist of some form of meat. 

Based on form, the pet food industry is segmented into wet pet food, dry pet food, and snacks & treats.

Based on animal type, the global pet food market divisions are therapy pets, domesticated pets, dogs, and cats. In 2024, domesticated pets were the largest segment driven by an increased rate of voluntary pet adoption. 

By distribution channel, the global pet food market is split into supermarket/hypermarket, specialty stores, online channel, and others.

Pet Food Market: Report Scope

Presence of Big Players in The Region Support North American Dominance

Regionally, North America has been leading the worldwide pet food market and is anticipated to continue on the dominant position in the years to come. In the U.S., it was noted that around 60 % of houses possess pets in U.S. which in turn drives the pet food market. Moreover, the growing concern for pet’s health has resulted in high expenditure on pets in the U.S. This trend is expected to drive the pet food market in this region. Increasing vogue for different pets may persuade the pet food market growth in coming years. Increasing disposable income is anticipated to trigger the growth of pet food market in this region in the coming years.

Pet Food Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the pet food market on a global and regional basis.

The global pet food market is dominated by players like:

• Nestlé Purina PetCare
• Mars Petcare Inc.
• The J.M. Smucker Company
• Hill's Pet Nutrition
• Wellness Pet Food
• Blue Buffalo
• Champion Petfoods
• Colgate-Palmolive Company
• Merrick Pet Care
• NutriSource Pet Foods
• Diamond Pet Foods
• Big Heart Pet Brands
• Nutro Company
• Natural Balance Pet Foods
• Ainsworth Pet Nutrition.

The global pet food market is segmented as follows:

By Source

• Plant-Based
• Animal-Based

By Form

• Wet Pet Food
• Dry Pet Food
• Snacks & Treats

By Animal Type

• Therapy Pets
• Domesticated Pets
• Dogs
• Cats

By Distribution Channel

• Supermarket/Hypermarket
• Specialty Stores
• Online Channel
• 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

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