NEW YORK, Feb. 15, 2023 /PRNewswire/ -- As per Zion Market Research study, The global pet food market size accounted for USD 80.41 Billion in 2020 and is expected to reach USD 118.17 Billion by 2028, growing at a CAGR of more than 5.4% from 2021 to 2028.
Report Link with All Related Graphs & Charts: https://www.zionmarketresearch.com/report/pet-food-market
Pet Food Market: Overview
Rising pet adoptions are chasing the sales of pet food products. This seems to be happening mostly in higher-income groups, which may be better able to bear the costs of the food. Pets are like family members, and their owners want to keep them healthy and safe, which helps drive demand for the pet food market.
Get a Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.zionmarketresearch.com/sample/pet-food-market
Our Free Sample Report Includes:
- 2023 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 110 + Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes an Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Zion Market Research methodology
Key Industry Insights & Findings of the Pet Food Market Reports:
- As per the analysis shared by our research analyst, the global Pet Food market is estimated to grow annually at a CAGR of around 5.4% over the forecast period (2022-2028).
- In terms of revenue, the global Pet Food market size was valued at around USD 80.41 billion in 2021 and is projected to reach USD 118.17 billion, by 2028.
Zion Market Research published the latest report titled "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." into their research database.
Industry Dynamics:
Pet Food Market: Growth Drivers
A rise in the trend of dog adoption has increased the demand for pet food. Especially dog adoption is driving the growth. Pet owners' concerns about their pets' safety and health have also contributed to the growth of the pet food market. Growing variants in pet food, rising disposable income, and an increase in the demand for premium pet food are also reasons for the rise in the global pet food market, e-commerce is also contributing to the market's revenue.
Dry food and canned dog food are witnessing rapid growth in the market owing to their convenience in terms of feeding pets and storing them. Personalization of pet food is emerging as a new trend. Manufacturers are producing customized food according to the demand of customers
Directly Purchase a Copy of the Report @ https://www.zionmarketresearch.com/buynow/su/pet-food-market
Pet Food Market: Source
The 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 digestion. Fish bones are a major ingredient in pet food, as they have phosphorus and calcium. Fish is a rich source of omega-3 fatty acids and vitamins A and D. The benefits of omega-3 are that it helps regulate the immune system, blood pressure, and cognitive function in older pets.
See the Report on LinkedIn: https://www.linkedin.com/pulse/global-pet-food-industry-exploring-growth-trends-ronald-morton/
Pet Food Market: Type
The cat segment is projected to grow at a CAGR of around 6% from 2021 to 2028. The trend of having more than one cat has helped with 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.
The rise in consumer awareness about pet health has led to an increased focus on maintaining their overall health and checking their weight. Pet owners usually have their own trusted brands, which they rarely change, and demand for premium dog food held a substantial share in the global pet food market.
Get More Insight before Buying@: https://www.zionmarketresearch.com/inquiry/pet-food-market
List of Key Players in Pet Food Market:
- Diamond Pet Foods
- The J.M. Smucker Company
- Blue Buffalo Pet Products nc.
- Total Alimentos SA
- WellPet LLC
- Nestlé Purina
- The Hartz Mountain Corporation
- Hill's Pet Nutrition nc.
- Lupus Alimentos
- Mars Incorporated
- others
Key questions answered in this report:
- What are the growth rate forecast and market size for Pet Food Market?
- What are the key driving factors propelling the Pet Food Market forward?
- What are the most important companies in the Pet Food Market Industry?
- What segments does the Pet Food Market cover?
- How can I receive a free copy of the Pet Food Market sample report and company profiles?
Report Scope:
Report Attribute | Details |
Market size value in 2021 | USD 80.41 Billion |
Revenue forecast in 2028 | USD 118.17 Billion |
Growth Rate | CAGR of almost 5.4 % 2022-2028 |
Base Year | 2020 |
Historic Years | 2016 - 2021 |
Forecast Years | 2022 - 2028 |
Segments Covered | By Product, By Type, By Source, By Application, By Source, By Distribution Channel, And By Region |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2022 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 |
Companies Covered | Diamond Pet Foods, The J.M. Smucker Company, JustFoodforDogs, Farmer's Dog, Ollie, NomNomNow and PetPlate, 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 |
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 of customized purchase options to meet your exact research needs. https://www.zionmarketresearch.com/custom/221 |
Free Brochure: https://www.zionmarketresearch.com/requestbrochure/pet-food-market
Regional Dominance:
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 millennials are adopting more nowadays. The rising trend of pet humanization, the 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 for cat owners, where people are adopting or owning more than one cat as the cost of owning a cat is also bearable.
Report's YouTube Link: https://www.youtube.com/watch?v=6yq4tQ4MYRg
Global Pet Food Market is segmented as follows:
Pet Food Market: By Product Outlook (2022-2028)
- Dry Food
- Canned Food
- Nutritious Food
- Snacks
- Others
Pet Food Market: By Source Outlook (2022-2028)
- Animal-based
- Plant-based
- Synthetic
Pet Food Market: By Type Outlook (2022-2028)
- Dog Food
- Cat Food
- Others
Pet Food Market: By Distribution Channel Outlook (2022-2028)
- Online
- Hypermarkets
- Specialized Pet Shops
- Others
Pet Food Market: By Region Outlook (2022-2028)
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
Press Release for Pet Food Market: https://www.zionmarketresearch.com/news/pet-food-market
Browse Other Related Research Reports from Zion Market Research
- Hop Shoots Market: The global hop shoots market size was $8.1 Billion in 2022 and is estimated to grow to about USD 15.1 Billion by the end of 2030 with a CAGR of 4.6%.
- Marinades and Dressings Market: The global marinades and dressings market size was evaluated at $7.1 billion in 2021 and is slated to hit $11.1 billion by the end of 2030 with a CAGR of nearly 4.3% between 2022 and 2030.
- Thinned Starches Market: The global thinned starches industry size was nearly $6.8 billion in 2021 and is set to increase to about $10.5 billion by 2030 with a CAGR of nearly 5.6% between 2022 and 2030.
- Cane Molasses Market : The global cane molasses market is anticipated to rise from about $4.1 Bn in 2021 to around $8.1 Bn by 2030, With a CAGR of 4.5% between 2022-2030
- Clean Label Flavors Market: The global clean label flavors market size was nearly $42.1 billion in 2021 and is set to increase to about $70.1 billion by 2030 with a CAGR of nearly 6.9% between 2022 and 2030
Browse through Zion Market Research's coverage of the Global Food & Beverage Industry
Follow Us on: LinkedIn | Twitter | Facebook | YouTube
About Us
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, and company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us-after all-if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +1 (844) 845-5245
USA/Canada Toll-Free No. +1 (855) 465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com/
Logo: https://mma.prnewswire.com/media/1605489/Zion_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/global-pet-food-market-size--share-to-surpass-118-17-billion-by-2028-dry-food-and-canned-dog-food-are-witnessing-rapid-growth-in-the-market-report-by-zion-market-research-301747842.html
