Pet Food Market Overview

The global pet food market was valued at US$ 93.5 billion in 2019 and is expected to reach US$ 120.7 billion by 2024, rising at a CAGR of 4.5 percent during the forecast period.

Pet food is plant or creature material expected for utilization by pets. Normally sold in pet stores and markets, it is generally explicit to the kind of creature, for example, canine food or feline food. Most meat utilized for nonhuman creatures is a side-effect of the human food industry and isn't viewed as "human evaluation."

Alongside the ascent in the pet populace, the worldwide pet food industry has additionally been growing, attributable to the expanding use of pet proprietors on an assortment of pet food items. The rising pattern of canine reception as an ally for families is extended to push the item request. 

Pet Food Market Growth

Especially canines are seeing an upward pattern as far as the idea of acculturation of pets. It has brought about an expanded number of individuals claiming canines and taking care of them with premium food. Besides, fast urbanization is among the key variables driving the market. 

Variables drive the worldwide pet food market, for example, the rising pattern of family units, rapid acculturation of pets, and expanded mindfulness about pet wellbeing. What's more, increment in responsibility for creating countries and ascend in online business deals offer open doors for the market players. 

Nonetheless, expanding worries about pet stoutness and pet food reviews by organizations hamper the development of the worldwide market. A significant limitation recognized in developing the worldwide pet food market is the issue with the administrative framework. 

As indicated by the Federal Food, Drug, and Cosmetic Act of 1938 (FFDCA), creature food is needed to be alright for utilization and made in sterile conditions. The nourishments must not contain destructive substances and ought to have surmised naming. The Food Safety Modernization Act of 2010 (FSMA) acquainted rules related to affirmation, cleansing, cleanliness, and marking elements for pet food makers in the US.

The Agricultural Improvement Act of 2018, passed in December 2018, stepped forward by isolating hemp and hemp-got CBD from weed-based items. In this manner setting, hemp-determined items are influenced by the Department of Agriculture as a harvest instead of under the Justice Department as a controlled substance. 

The Farm Bill characterizes pot as cannabis with THC of 0.3% or more noteworthy (under the DEA) and hemp as cannabis with THC of under 0.3%. The utilization of cannabis in pet food treats has picked up prominence, as the guidelines have gotten less tough.

Cannabis-based pet food is accessible in concentrates, confines, and engineered structures. In cannabis-based food items, tension-relieving items are generally valuable to let down nervousness. Moreover, pet proprietors are taking a gander at CBD as a choice to moderate torment and hypersensitivities. 

Cannabis-based items were exceptionally obvious in Orlando's ongoing Global Pet Expo (March 2019). Cannabis-based pet food is significantly sold through the Internet (through Amazon). Pet organizations have distinguished cannabis-based pet items as one of the development zones of 2019.

Pet food Market Report Segmentation

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

Based on pet type, the global market is segmented into 

· Dogs, 

· Cats, and 

· Others. 

By food type, the global market is segmented into 

· Dry food, 

· Treats/snacks wet/canned food, 

· Others (veterinary diet, organic, and nutritional food). 

Based on distribution channels, the global market is segmented into 

· Specialized pet shops

· Internet sales

· Hypermarkets

· Others (Grocery Stores, Non-grocery Stores)

By region, the global market is segmented into 

· North America

· Europe

· The Asia Pacific

· South America 

· the Middle East and Africa. 

Regional Analysis

South America, trailed by the Asia Pacific, is relied upon to develop at high rates from 2020 to 2025. Brazil and Argentina are the most driving business sectors in the South American area. The market in this district is in the beginning phase of advancement and thus, gives development chances to key organizations. 

The South American area is extended to develop at a high rate in the pet food fixings market, as certain nations in this district offer productive development open doors for the pet food industry. Brazil is the biggest pet food fixing market and is additionally one of the quickly developing business sectors for South America. 

North America rose as one of the most noticeable territorial pet food markets after the Asia Pacific. The territorial interest in pet food is fundamentally determined by rising purchaser mindfulness regarding the beneficial effect on pet wellbeing alongside the expanding pattern of adaptation of pets. 

Europe is considered a significant market for quality-driven pet food. As indicated by the European Pet Food Industry Federation (FEDIAF), more than 80 million family units across Europe own, in any event, one pet. The regional market is driven by feline food items inferable from the high pace of feline proprietorship.

Major key players in the global market are 

· The Procter & Gamble Company, 

· Mars Petcare US Inc., 

· Big Heart Pet Brands, 

· Nestle Purina PetCare, 

· WellPet LLC, 

· Diamond Pet Foods, 

· Hill's Pet Nutrition, 

· Heristo Aktiengesellschaft, 

· Blue Buffalo Co., Ltd., 

· Tiernahrung Deuerer GmbH. 

The key market players adopt strategies such as expansion, merger & acquisition, and new product development. 

In January 2020, Darling Ingredients procured EnviroFlight, LLC. (US), which is possessed by Intrexon Corporation (US) to grow in the creature feed market, which incorporates pet food ingredients by giving a climate amicable, a poison-free, supportable wellspring of high-esteem supplements.

Chapter 1 Pet Food Market Overview

1.1 Product Overview and Scope of Pet Food

1.2 Pet Food Market Segmentation by Pet Type

1.2.1 Global Production Market Share of Pet Food by Pet Type in 2021

1.2.1 Dogs

1.2.2 Cats

1.2.3 Others

1.3 Pet Food Market Segmentation by Food Type

1.3.1 Pet Food Consumption Market Share by Food Type in 2021

1.3.2 Dry Food

1.3.3 Treats/Snacks Wet/Canned Food

1.3.4 Others

1.4 Pet Food Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5 Global Market Size (Value) of Pet Food (2015-2027)

Chapter 2 Global Economic Impact on Pet Food Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Pet Food Market Competition by Manufacturers

3.1 Global Pet Food Production and Share by Manufacturers (2021 and 2021)

3.2 Global Pet Food Revenue and Share by Manufacturers (2021 and 2021)

3.3 Global Pet Food Average Price by Manufacturers (2021 and 2021)

3.4 Manufacturers Pet Food Manufacturing Base Distribution, Production Area and Product Type

3.5 Pet Food Market Competitive Situation and Trends

3.5.1 Pet Food Market Concentration Rate

3.5.2 Pet Food Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Pet Food Production, Revenue (Value) by Region (2015-2021)

4.1 Global Pet Food Production by Region (2015-2021)

4.2 Global Pet Food Production Market Share by Region (2015-2021)

4.3 Global Pet Food Revenue (Value) and Market Share by Region (2015-2021)

4.4 Global Pet Food Production, Revenue, Price and Gross Margin (2015-2021)

4.5 North America Pet Food Production, Revenue, Price and Gross Margin (2015-2021)

4.6 Europe Pet Food Production, Revenue, Price and Gross Margin (2015-2021)

4.7 China Pet Food Production, Revenue, Price and Gross Margin (2015-2021)

4.8 Japan Pet Food Production, Revenue, Price and Gross Margin (2015-2021)

4.9 Southeast Asia Pet Food Production, Revenue, Price and Gross Margin (2015-2021)

4.10 India Pet Food Production, Revenue, Price and Gross Margin (2015-2021)

Chapter 5 Global Pet Food Supply (Production), Consumption, Export, Import by Regions (2015-2021)

5.1 Global Pet Food Consumption by Regions (2015-2021)

5.2 North America Pet Food Production, Consumption, Export, Import by Regions (2015-2021)

5.3 Europe Pet Food Production, Consumption, Export, Import by Regions (2015-2021)

5.4 China Pet Food Production, Consumption, Export, Import by Regions (2015-2021)

5.5 Japan Pet Food Production, Consumption, Export, Import by Regions (2015-2021)

5.6 Southeast Asia Pet Food Production, Consumption, Export, Import by Regions (2015-2021)

5.7 India Pet Food Production, Consumption, Export, Import by Regions (2015-2021)

Chapter 6 Global Pet Food Production, Revenue (Value), Price Trend by Type

6.1 Global Pet Food Production and Market Share by Type (2015-2021)

6.2 Global Pet Food Revenue and Market Share by Type (2015-2021)

6.3 Global Pet Food Price by Type (2015-2021)

6.4 Global Pet Food Production Growth by Type (2015-2021)

Chapter 7 Global Pet Food Market Analysis by Application

7.1 Global Pet Food Consumption and Market Share by Application (2015-2021)

7.2 Global Pet Food Consumption Growth Rate by Application (2015-2021)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Pet Food Manufacturing Cost Analysis

8.1 Pet Food Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labour Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Pet Food

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Pet Food Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Pet Food Major Manufacturers in 2021

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Pet Food Market Forecast (2021-2027)

12.1 Global Pet Food Production, Revenue Forecast (2021-2027)

12.2 Global Pet Food Production, Consumption Forecast by Regions (2021-2027)

12.3 Global Pet Food Production Forecast by Type (2021-2027)

12.4 Global Pet Food Consumption Forecast by Application (2021-2027)

12.5 Pet Food Price Forecast (2021-2027)

Chapter 13 Appendix