The global pet food market is a rapidly evolving and expansive industry that caters to the dietary needs and preferences of pets across the world. With a growing global pet population and increasing awareness of pet health and nutrition, the pet food market has witnessed significant growth in recent years. The market scope encompasses a wide range of products, including dry kibble, wet food, treats, and specialized diets tailored to meet the specific nutritional requirements of different pets, such as dogs, cats, birds, and small mammals.
As the demand for high-quality, ethically sourced, and sustainable pet food products continues to rise, the industry is likely to witness further innovation and expansion in the coming years, offering opportunities for both established players and new entrants to capture a share of this growing market. One of the key drivers of the global pet food market is the humanization of pets, as owners increasingly view their pets as integral members of the family.
This has led to a rising demand for premium and organic pet food products that mirror human food trends, such as grain-free, natural ingredients, and functional additives like probiotics. Geographically, North America and Europe have traditionally been the largest markets, but emerging economies in Asia-Pacific and Latin America are experiencing rapid growth due to rising pet ownership and changing consumer preferences.
The nutrient content of pet foods emerges as a pivotal factor influencing consumer preferences and purchase decisions. Pet owners, driven by an unwavering commitment to the well-being of their animal companions, have developed a strong penchant for high-quality pet products. A prominent trend in the industry is the formulation and introduction of pet foods enriched with an appropriate blend of functional ingredients. These include vital components such as essential amino acids, complex carbohydrates, linoleic acid, and dietary fibers.
Essential amino acids, for instance, play a pivotal role in bolstering pets' growth and development. Complex carbohydrates serve as a valuable source of sustained energy, ensuring the longevity of active and happy pets. Linoleic acid is recognized for its positive impact on skin and coat health, while dietary fibers promote optimal digestive functionality. The introduction of pet foods enriched with essential functional ingredients represents a concerted effort by manufacturers to align their offerings with the discerning tastes of pet owners.
The prospects for fishmeal ingredients in pet food appear promising, driven by potential benefits including high protein content, rich in essential amino acids, vitamins, and minerals, palatability, source of omega-3 fatty acids, highly digestible, and other benefits. Fishmeal is renowned for its exceptional protein content and quality. As pet owners increasingly seek high-protein diets for their pets, particularly in response to the growing trend of grain-free and high-meat diets, fishmeal provides an excellent protein source that meets these demands.
Further, fishmeal is rich in essential amino acids, vitamins, and minerals, making it a nutritionally dense ingredient. These nutrients are vital for promoting the health and vitality of pets, including muscle development, skin and coat health, and overall immune function. Menhaden fish, particularly Gulf menhaden, are a common source of fishmeal in pet food. Further, Salmon, Tuna, Whitefish, Sardines, Anchovies, Herring, Mackerel, and others are widely being used in the industry.
Extrusion involves cooking and forming pet food ingredients under high pressure and temperature, resulting in various shapes and textures and is gaining wide popularity across pet owners. Extruded pet food products offer enhanced nutrient absorption and digestibility. The high-temperature extrusion process helps break down complex carbohydrates and proteins, making them more bioavailable for pets. This is particularly significant as pet owners become increasingly concerned about their pets' overall health and nutritional needs.
Dry pet food is typically kibble or biscuit-like in texture, offering a crunchy consistency that can help with dental health by reducing tartar buildup. It is easy to store, handle, and measure, making it a convenient option for pet owners. It has a longer shelf life compared to wet food. Further, Dry pet food is often more cost-effective per serving than wet food, making it an attractive option for budget-conscious pet owners. It also allows for precise portion control, making it suitable for pets with specific dietary needs or those prone to overeating.
The dog food market is a dynamic and evolving sector within the broader pet food industry, accounting for 45.9% market share in 2024. In recent years, there has been a notable shift towards premium and specialized dog food products, reflecting the growing awareness among pet owners about the importance of their dogs' nutrition and overall well-being.
Over 400 million pet dogs are estimated worldwide, with over 85 million in the US, 95 million in Europe, 75 million in China. An increasing demand for natural and organic ingredients is widely observed across the segment. Companies are introducing new product lines that emphasize real meat and high-quality, sustainably sourced ingredients. These launches often feature grain-free, limited-ingredient, and novel protein recipes, catering to dogs with specific dietary requirements or allergies.
The US is the largest market for Pet Food in the North American region and the world. The market growth is driven by the rising pet ownership rates, focus on pet health and wellness, and the launch of premium and specialized pet food products. In particular, products tailored for specific dietary needs are gaining significant demand in the US and North America.
Nestlé Purina, Mars Petcare, Hill's Pet Nutrition, and others are increasingly focusing product launches focused on niche consumer segments. As of 2024, 66% of U.S. households (86.9 million homes) own a pet according to the American Pet Products Association. In particular, Millennials make up the largest percentage of current pet owners (33%), followed by Gen X (25%) and baby boomers (24%). Accordingly, companies are strategizing their marketing campaigns focused on these segments. In addition to well-established offline distribution channels, the sales through e-commerce portals are rapidly growing raipidly.
The global Pet Food market is fragmented with the presence of both local and global players. Leading companies in the Pet Food industry are The J.M. Smucker Company, Nestle Purina, Mars, Incorporated, LUPUS Alimentos, Total Alimentos, Hill’s Pet Nutrition, Inc., General Mills Inc., WellPet LLC, The Hartz Mountain Corporation, and others.
|
Parameter |
Details |
|
Market Size (2024) |
$161.6 Billion |
|
Market Size (2032) |
$245 Billion |
|
Market Growth Rate |
5.34% |
|
Largest Segment- Type |
Dry Pet Food (62.3% Market Share) |
|
Fastest Growing Market- Region |
North America (55.4% Market Share) |
|
Largest Segment- Application |
Dogs (45.9% Market Share) |
|
Segments |
Types, Applications, Forms, Products, Sales Channels |
|
Study Period |
2018- 2023 and 2024-2032 |
|
Units |
Revenue (USD) |
|
Qualitative Analysis |
Porter’s Five Forces, SWOT Profile, Market Share, Scenario Forecasts, Market Ecosystem, Company Ranking, Market Dynamics, Industry Benchmarking |
|
Companies |
The J.M. Smucker Company, Nestle Purina, Mars, Incorporated, LUPUS Alimentos, Total Alimentos, Hill’s Pet Nutrition, Inc., General Mills Inc., WellPet LLC, The Hartz Mountain Corporation |
|
Countries |
US, Canada, Mexico, Germany, France, Spain, Italy, UK, Russia, China, India, Japan, South Korea, Australia, South East Asia, Brazil, Argentina, Middle East, Africa |
Type
Application
Product
Source
Countries Analyzed
Pet Food Companies Profiled in the Study
*- List Not Exhaustive
About USD Analytics
Table of Contents
1. Executive Summary
What’s New in 2024?
Top 10 Takeaways from the Industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix
2. Research Scope and Methodology
Market Definition
Market Segments
Companies Profiled
Research Methodology
Data Sources
Conversion Rates for USD
Abbreviations
3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies Opted by Business Leaders
Competitive Landscape
SWOT Analysis
Porter’s Five Force Analysis
Macro-Environmental Analysis
4. Growth Opportunity Analysis
Trends at a Glance
Market Dynamics
Key Industry Stakeholders
Regulatory Landscape
5. Market Size Outlook to 2032
Global Pet Food Market Size Forecast, USD Million, 2018- 2032
Scenario Analysis
Pricing Analysis and Outlook
6. Historical Pet Food Market Size by Segments, 2018- 2023
Key Statistics, 2024
Pet Food Market Size Outlook by Type, USD Million, 2018-2023
Growth Comparison (y-o-y) across Pet Food Types, 2018-2023
Pet Food Market Size Outlook by Application, USD Million, 2018-2023
Growth Comparison (y-o-y) across Pet Food Applications, 2018-2023
7. Pet Food Market Size Outlook by Segments, 2024- 2032
Pet Food Market Size Outlook by Type, USD Million, 2024-2032
Growth Comparison (y-o-y) across Pet Food Types, 2024-2032
Pet Food Market Size Outlook by End-User, USD Million, 2024-2032
Growth Comparison (y-o-y) across Pet Food End-Users, 2024-2032
Pet Food Market Size Outlook by Product, USD Million, 2024-2032
Growth Comparison (y-o-y) across Pet Food Products, 2024-2032
Pet Food Market Size Outlook by Source, USD Million, 2024-2032
Growth Comparison (y-o-y) across Pet Food Sources, 2024-2032
8. Pet Food Market Size Outlook by Region
North America
Europe
Asia Pacific
South America
Middle East and Africa
9. United States Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
United States Pet Food Market Size Outlook by Type, 2021- 2032
United States Pet Food Market Size Outlook by Application, 2021- 2032
United States Pet Food Market Size Outlook by End-User, 2021- 2032
10. Canada Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Canada Pet Food Market Size Outlook by Type, 2021- 2032
Canada Pet Food Market Size Outlook by Application, 2021- 2032
Canada Pet Food Market Size Outlook by End-User, 2021- 2032
11. Mexico Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Mexico Pet Food Market Size Outlook by Type, 2021- 2032
Mexico Pet Food Market Size Outlook by Application, 2021- 2032
Mexico Pet Food Market Size Outlook by End-User, 2021- 2032
12. Germany Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Germany Pet Food Market Size Outlook by Type, 2021- 2032
Germany Pet Food Market Size Outlook by Application, 2021- 2032
Germany Pet Food Market Size Outlook by End-User, 2021- 2032
13. France Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
France Pet Food Market Size Outlook by Type, 2021- 2032
France Pet Food Market Size Outlook by Application, 2021- 2032
France Pet Food Market Size Outlook by End-User, 2021- 2032
14. United Kingdom Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
United Kingdom Pet Food Market Size Outlook by Type, 2021- 2032
United Kingdom Pet Food Market Size Outlook by Application, 2021- 2032
United Kingdom Pet Food Market Size Outlook by End-User, 2021- 2032
15. Spain Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Spain Pet Food Market Size Outlook by Type, 2021- 2032
Spain Pet Food Market Size Outlook by Application, 2021- 2032
Spain Pet Food Market Size Outlook by End-User, 2021- 2032
16. Italy Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Italy Pet Food Market Size Outlook by Type, 2021- 2032
Italy Pet Food Market Size Outlook by Application, 2021- 2032
Italy Pet Food Market Size Outlook by End-User, 2021- 2032
17. Benelux Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Benelux Pet Food Market Size Outlook by Type, 2021- 2032
Benelux Pet Food Market Size Outlook by Application, 2021- 2032
Benelux Pet Food Market Size Outlook by End-User, 2021- 2032
18. Nordic Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Nordic Pet Food Market Size Outlook by Type, 2021- 2032
Nordic Pet Food Market Size Outlook by Application, 2021- 2032
Nordic Pet Food Market Size Outlook by End-User, 2021- 2032
19. Rest of Europe Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Europe Pet Food Market Size Outlook by Type, 2021- 2032
Rest of Europe Pet Food Market Size Outlook by Application, 2021- 2032
Rest of Europe Pet Food Market Size Outlook by End-User, 2021- 2032
20. China Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
China Pet Food Market Size Outlook by Type, 2021- 2032
China Pet Food Market Size Outlook by Application, 2021- 2032
China Pet Food Market Size Outlook by End-User, 2021- 2032
21. India Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
India Pet Food Market Size Outlook by Type, 2021- 2032
India Pet Food Market Size Outlook by Application, 2021- 2032
India Pet Food Market Size Outlook by End-User, 2021- 2032
22. Japan Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Japan Pet Food Market Size Outlook by Type, 2021- 2032
Japan Pet Food Market Size Outlook by Application, 2021- 2032
Japan Pet Food Market Size Outlook by End-User, 2021- 2032
23. South Korea Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
South Korea Pet Food Market Size Outlook by Type, 2021- 2032
South Korea Pet Food Market Size Outlook by Application, 2021- 2032
South Korea Pet Food Market Size Outlook by End-User, 2021- 2032
24. Australia Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Australia Pet Food Market Size Outlook by Type, 2021- 2032
Australia Pet Food Market Size Outlook by Application, 2021- 2032
Australia Pet Food Market Size Outlook by End-User, 2021- 2032
25. South East Asia Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
South East Asia Pet Food Market Size Outlook by Type, 2021- 2032
South East Asia Pet Food Market Size Outlook by Application, 2021- 2032
South East Asia Pet Food Market Size Outlook by End-User, 2021- 2032
26. Rest of Asia Pacific Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Asia Pacific Pet Food Market Size Outlook by Type, 2021- 2032
Rest of Asia Pacific Pet Food Market Size Outlook by Application, 2021- 2032
Rest of Asia Pacific Pet Food Market Size Outlook by End-User, 2021- 2032
27. Brazil Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Brazil Pet Food Market Size Outlook by Type, 2021- 2032
Brazil Pet Food Market Size Outlook by Application, 2021- 2032
Brazil Pet Food Market Size Outlook by End-User, 2021- 2032
28. Argentina Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Argentina Pet Food Market Size Outlook by Type, 2021- 2032
Argentina Pet Food Market Size Outlook by Application, 2021- 2032
Argentina Pet Food Market Size Outlook by End-User, 2021- 2032
29. Rest of South America Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of South America Pet Food Market Size Outlook by Type, 2021- 2032
Rest of South America Pet Food Market Size Outlook by Application, 2021- 2032
Rest of South America Pet Food Market Size Outlook by End-User, 2021- 2032
30. United Arab Emirates Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
United Arab Emirates Pet Food Market Size Outlook by Type, 2021- 2032
United Arab Emirates Pet Food Market Size Outlook by Application, 2021- 2032
United Arab Emirates Pet Food Market Size Outlook by End-User, 2021- 2032
31. Saudi Arabia Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Saudi Arabia Pet Food Market Size Outlook by Type, 2021- 2032
Saudi Arabia Pet Food Market Size Outlook by Application, 2021- 2032
Saudi Arabia Pet Food Market Size Outlook by End-User, 2021- 2032
32. Rest of Middle East Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Middle East Pet Food Market Size Outlook by Type, 2021- 2032
Rest of Middle East Pet Food Market Size Outlook by Application, 2021- 2032
Rest of Middle East Pet Food Market Size Outlook by End-User, 2021- 2032
33. South Africa Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
South Africa Pet Food Market Size Outlook by Type, 2021- 2032
South Africa Pet Food Market Size Outlook by Application, 2021- 2032
South Africa Pet Food Market Size Outlook by End-User, 2021- 2032
34. Rest of Africa Pet Food Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Africa Pet Food Market Size Outlook by Type, 2021- 2032
Rest of Africa Pet Food Market Size Outlook by Application, 2021- 2032
Rest of Africa Pet Food Market Size Outlook by End-User, 2021- 2032
35. Key Companies
Market Share Analysis
Company Benchmarking
SWOT Analysis
36. Recent Market Developments
Appendix
Looking Ahead
Research Methodology
Legal Disclaimer
Type
Application
Product
Source
Countries Analyzed
USD Analytics forecasts the global Pet Food market size to increase from $161.6 Billion in 2024 to $245 Billion in 2032, registering a CAGR of 5.34% during the forecast period
Largest Segment by Type is Dry Pet Food (62.3% Market Share), Largest Segment by Application is Dogs (45.9% Market Share)
The J.M. Smucker Company, Nestle Purina, Mars, Incorporated, LUPUS Alimentos, Total Alimentos, Hill’s Pet Nutrition, Inc., General Mills Inc., WellPet LLC, The Hartz Mountain Corporation
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume
North America (55.4% Market Share)