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US Pet Food Market Report by Pet Type, Product Type, Pricing Type, Ingredient Type, Distribution Channel 2024-2032

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    Report

  • 136 Pages
  • January 2024
  • Region: United States
  • IMARC Group
  • ID: 5732295
The US pet food market size reached US$ 43.9 billion in 2023. The market is projected to reach US$ 59.9 billion by 2032, exhibiting a growth rate (CAGR) of 3.51% during 2023-2032. The rapid shift in demographic patterns, particularly the rise of millennials, the growing willingness to spend more on high-quality pet products, and the increasing demand for premium, dry, and wet pet foods and treats are among the key factors driving the market growth.

Pet food is a specially crafted formulation prepared to cater to the nutritional needs of domesticated animals, including dogs, cats, birds, fish, and others. It contains a balanced blend of proteins, carbohydrates, fats, vitamins, and minerals that are essential for the growth, maintenance, and overall well-being of pets. The nutritional profile of pet food varies widely, determined by the type of animal it is intended for, its age, breed, size, and health condition. It is available in multiple forms, including dry kibble, canned wet food, raw food diets, and treats. Some pet food is also formulated to address specific dietary needs, including food allergies, obesity, or diseases like kidney or heart issues.

Shifting demographic patterns, particularly due to the rise of millennials majorly drives the market in the US. These generations are known for their strong ethical stance, focus on health and wellness, and willingness to spend more on high-quality products for their pets, thus affecting the growth of the market. Also, the fast-paced lifestyles of the masses are also driving the pet food market as more individuals move to urban areas and face time constraints, there has been a growing preference for convenient, ready-to-eat, and easy-to-serve pet food options. This trend has enhanced the demand for premium, dry, and wet pet foods and treats, thereby propelling the market. In addition, regulatory bodies are implementing stringent regulations to ensure the quality and safety of pet food. These guidelines enhance consumer confidence and stimulate market growth by ensuring that products are nutritious, safe, and accurately labeled, which is contributing to the market. Furthermore, the integration of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), to analyze pet nutritional needs and offer personalized diet plans is creating a positive market outlook.

US Pet Food Market Trends/Drivers

Humanization of Pets and Premiumization Trend

One significant driver for the US pet food market is the increasing trend of pet owners treating their pets as family members, also known as the humanization of pets. This trend has led to strong demand for high-quality, premium pet foods, as owners are increasingly conscious of providing nutritious meals to their pets that mirror their own dietary habits. For instance, diets focusing on natural, organic, and non-GMO ingredients have a positive impact on sales. Additionally, pet foods catering to specific dietary requirements, such as grain-free, gluten-free, or high-protein diets have also grown in popularity. The premiumization trend extends to packaging as well, with consumers preferring environmentally friendly options or personalized packaging that enhances the overall pet care experience.

Emerging E-Commerce Sector

The rapid increase in online shopping, accelerated by the COVID-19 pandemic, has become a significant driver in the U.S. pet food market. Consumers' growing comfort and convenience with online purchasing have expanded opportunities for pet food sales through digital platforms. It enables pet owners to easily compare prices, read reviews, research product ingredients, and have their preferred pet food delivered right to their doorsteps, often with auto-renewal options to ensure a continuous supply. This digital revolution has also enabled the growth of direct-to-consumer pet food brands, providing consumers with a wider range of products to choose from. These factors combined have led to an increase in online pet food sales, propelling the growth of the overall market.

US Pet Food Industry Segmentation:

The report provides an analysis of the key trends in each segment of the US pet food market report, along with forecasts from 2023-2032. The report has categorized the market based on pet type, product type, pricing type, ingredient type and distribution channel.

Breakup by Pet Type:

  • Dog Food
  • Cat Food
  • Others

Dog food represents the most widely used pet type

The report has provided a detailed breakup and analysis of the market based on the pet type. This includes dog food, cat food, and others. According to the report, dog food represented the largest segment.

In the US pet food industry, several key market drivers are shaping the trends for dog food types. One of the most prominent is a growing demand for premium and organic dog food as pet owners increasingly value the health and well-being of their pets. This trend is fueled by a growing awareness of pet nutrition and the potential harm of low-quality ingredients. Additionally, the customization of pet food, including grain-free, breed-specific, and life-stage-specific foods, is increasingly popular, influenced by the desire to tailor diets to the unique needs of individual pets. Furthermore, the demand for sustainable and ethically sourced pet food is on the rise, reflecting broader consumer trends toward environmental consciousness and ethical consumption.

Breakup by Product Type:

  • Dry Pet Food
  • Wet and Canned Pet Food
  • Snacks and Treats

Dry pet food account for the majority of the market share

A detailed breakup and analysis of the market based on the product type have also been provided in the report. This includes dry pet food, wet and canned pet food, and snacks and treats. According to the report, the dry pet food segment accounted for the largest market share.

In the US pet food industry, the market for dry pet food is influenced by convenience and cost-effectiveness favoring dry pet food, as these products typically have a longer shelf life and are easier to store and handle compared to wet alternatives. Health-conscious pet owners are preferring dry pet food with high-quality ingredients, including premium, organic, and grain-free options, mirroring the trend in human food consumption. Customization based on specific dietary needs, including breed-specific, age-specific, and health condition-specific foods, is another strong driver in this market. Innovation in formulation and manufacturing processes to improve taste and nutritional value is another growth-inducing factor.

Breakup by Pricing Type:

  • Mass Products
  • Premium Products

Mass products represents the most widely used pricing type

The report has provided a detailed breakup and analysis of the market based on the pricing type. This includes mass products and premium products. According to the report, mass products represented the largest segment.

In the US pet food industry, the market drivers for mass products pricing type are largely centered around affordability and accessibility. Mass-market pet food brands often offer competitive prices due to economies of scale and wider distribution networks, enabling them attractive to price-conscious consumers. Additionally, the convenience and availability of mass products in supermarkets, discount stores, and online platforms make them easily accessible to a broader customer base.

On the contrary, since pet owners consider their pets to be part of the family, leading to a growing demand for higher-quality and nutritionally superior pet food options. Premium products often feature higher-grade ingredients, such as real meat, organic produce, and natural additives, which resonate with consumers seeking to provide their pets with a healthier and more natural diet.

Breakup by Ingredient Type:

  • Animal Derived
  • Plant Derived

Animal derived account for the majority of the market share

A detailed breakup and analysis of the market based on the ingredient type have also been provided in the report. This includes animal derived and plant derived. According to the report, the animal derived segment accounted for the largest market share.

The preference for diets that mimic the natural carnivorous diet of pets is catalyzing demand for animal derived ingredients. Pet owners are increasingly aware of the nutritional needs of their animals and seek pet food products that contain high-quality animal proteins, such as chicken, beef, fish, and lamb. Animal-derived ingredients are often seen as a reliable source of essential amino acids and nutrients that are crucial for the overall health and well-being of pets. Additionally, the growing interest in pet food sustainability and ethical sourcing plays a role in the demand for animal-derived ingredients, thereby contributing to the demand.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online
  • Others

Supermarkets and hypermarkets represent the most widely used distribution channel

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes supermarkets and hypermarkets, specialty stores, online, and others. According to the report, supermarkets and hypermarkets represented the largest segment.

Supermarkets and hypermarkets play a vital role as distribution channels in the US pet food industry due to the convenience and accessibility they offer to consumers. Supermarkets and hypermarkets are widely available, located in various neighbourhoods, making it convenient for pet owners to purchase pet food alongside their regular grocery shopping. These retail outlets often have a vast selection of pet food brands and products, providing consumers with a wide range of choices to suit their pets' specific needs and preferences. The competitive pricing found in supermarkets and hypermarkets is another driver. Pet owners appreciate the affordability and cost-effectiveness of purchasing pet food in these outlets, allowing them to find value for money and potentially larger package sizes.

Competitive Landscape

The US pet food market is experiencing significant growth as numerous leading players are introducing new and innovative products to cater to specific dietary preferences, health conditions, and lifestyle needs of pets. This also includes the development of premium, organic, grain-free, and specialized diets that focus on high-quality ingredients and nutritional value. Along with this, the growing emphasis on ingredient sourcing and transparency is encouraging top companies to prioritize the use of responsibly sourced ingredients, including human-grade meats, sustainable seafood, and organic produce. They are also providing detailed information about the sourcing, production, and quality control processes, giving pet owners greater confidence in the products they purchase. In addition, several key players are focused on sustainability and environmental stewardship. They are implementing measures to reduce their carbon footprint, such as using eco-friendly packaging materials, supporting recycling programs, and adopting sustainable manufacturing practices.

Competition Analysis

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
  • Nestlé Purina PetCare
  • Mars Petcare Inc.
  • Big Heart Pet Brands
  • Hill's Pet Nutrition
  • Diamond Pet Foods
  • Blue Buffalo

Key Questions Answered in This Report

1. What was the size of the US pet food market in 2023?
2. What is the expected growth rate of the US pet food market during 2024-2032?
3. What are the key factors driving the US pet food market?
4. What has been the impact of COVID-19 on the US pet food market?
5. What is the breakup of the US pet food market based on the pet type?
6. What is the breakup of the US pet food market based on the product type?
7. What is the breakup of the US pet food market based on the pricing type?
8. What is the breakup of the US pet food market based on the ingredient type?
9. What is the breakup of the US pet food market based on the distribution channel?
10. Who are the key players/companies in the US pet food market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 United States Pet Food Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Trends
5.5 Market Breakup by Pet Type
5.6 Market Breakup by Product Type
5.7 Market Breakup by Pricing Type
5.8 Market Breakup by Ingredient Type
5.9 Market Breakup by Distribution Channel
5.10 Market Forecast
5.11 Trade Data
5.11.1 Imports
5.11.2 Exports
5.12 SWOT Analysis
5.12.1 Overview
5.12.2 Strengths
5.12.3 Weaknesses
5.12.4 Opportunities
5.12.5 Threats
5.13 Value Chain Analysis
5.13.1 Primary Ingredients Purchase
5.13.2 Intermediate Processors
5.13.3 Pet Food Manufacturers
5.13.4 Distributers
5.13.5 Exports
5.13.6 Retailers
5.13.7 End-User
5.14 Porter’s Five Forces Analysis
5.14.1 Overview
5.14.2 Bargaining Power of Buyers
5.14.3 Bargaining Power of Suppliers
5.14.4 Degree of Competition
5.14.5 Threat of New Entrants
5.14.6 Threat of Substitutes
5.15 Key Market Drivers and Success Factors
6 Market Breakup by Pet Type
6.1 Dog Food
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cat Food
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Product Type
7.1 Dry Pet Food
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Wet and Canned Pet Food
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Snacks and Treats
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Pricing Type
8.1 Mass Products
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Premium Products
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Ingredient Type
9.1 Animal Derived
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Plant Derived
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Distribution Channel
10.1 Supermarkets and Hypermarkets
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Specialty Stores
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Online
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Competitive Landscape
11.1 Market Structure
11.2 Market Breakup by Key Players
12 Pet Food Manufacturing Process
12.1 Product Overview
12.2 Detailed Process Flow
12.3 Various Types of Unit Operations Involved
12.4 Mass Balance and Raw Material Requirements
13 Project Details, Requirements and Costs Involved
13.1 Land Requirements and Expenditures
13.2 Construction Requirements and Expenditures
13.3 Plant Machinery
13.4 Raw Material Requirements and Expenditures
13.5 Packaging Requirements and Expenditures
13.6 Transportation Requirements and Expenditures
13.7 Utility Requirements and Expenditures
13.8 Manpower Requirements and Expenditures
13.9 Other Capital Investments
14 Loans and Financial Assistance
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
15.4 Taxation and Depreciation
15.5 Income Projections
15.6 Expenditure Projections
15.7 Financial Analysis
15.8 Profit Analysis
16 Key Player Profiles
16.1 Nestlé Purina PetCare
16.2 Mars Petcare Inc.
16.3 Big Heart Pet Brands
16.4 Hill's Pet Nutrition
16.5 Diamond Pet Foods
16.6 Blue Buffalo
List of Figures
Figure 1: United States: Pet Food Market: Major Drivers and Challenges
Figure 2: United States: Pet Food Market: Volume Trends (in Million Tons), 2018-2023
Figure 3: United States: Pet Food Market: Value Trends (in Billion US$), 2018-2023
Figure 4: United States: Pet Food Market: Average Price Trends (in US$/Ton), 2018-2023
Figure 5: United States: Pet Food Market: Breakup by Pet Type (in %), 2023
Figure 6: United States: Pet Food Market: Breakup by Product Type (in %), 2023
Figure 7: United States: Pet Food Market: Breakup by Pricing Type (in %), 2023
Figure 8: United States: Pet Food Market: Breakup by Ingredient Type (in %), 2023
Figure 9: United States: Pet Food Market: Breakup by Distribution Channel (in %), 2023
Figure 10: United States: Pet Food Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 11: United States: Pet Food Market Forecast: Value Trends (in Billion US$), 2024-2032
Figure 12: United States: Dog and Cat Food Market: Export Volume Breakup by Country (in %)
Figure 13: United States: Dog and Cat Food Export Market: Volume Trends of Major Countries (in Tons)
Figure 14: United States: Dog and Cat Food Market: Import Volume Breakup by Country (in %)
Figure 15: United States: Dog and Cat Food Import Market: Volume Trends of Major Countries (in Tons)
Figure 16: United States: Pet Food Industry: SWOT Analysis
Figure 17: United States: Pet Food Industry: Value Chain Analysis
Figure 18: United States: Pet Food Industry: Porter’s Five Forces Analysis
Figure 19: United States: Dog Food Market: Value Trends (in Billion US$), 2018 & 2023
Figure 20: United States: Dog Food Market Forecast: Value Trends (in Billion US$), 2024-2032
Figure 21: United States: Cat Food Market: Value Trends (in Billion US$), 2018 & 2023
Figure 22: United States: Cat Food Market Forecast: Value Trends (in Billion US$), 2024-2032
Figure 23: United States: Other Pet Food Market: Value Trends (in Billion US$), 2018 & 2023
Figure 24: United States: Other Pet Food Market Forecast: Value Trends (in Billion US$), 2024-2032
Figure 25: United States: Pet Food Market: Dry Pet Food (in Billion US$), 2018 & 2023
Figure 26: United States: Pet Food Market Forecast: Dry Pet Food (in Billion US$), 2024-2032
Figure 27: United States: Pet Food Market: Wet and Canned Pet Food (in Billion US$), 2018 & 2023
Figure 28: United States: Pet Food Market Forecast: Wet and Canned Pet Food (in Billion US$), 2024-2032
Figure 29: United States: Pet Food Market: Snacks and Treats (in Billion US$), 2018 & 2023
Figure 30: United States: Pet Food Market Forecast: Snacks and Treats (in Billion US$), 2024-2032
Figure 31: United States: Pet Food Market: Mass Products (in Billion US$), 2018 & 2023
Figure 32: United States: Pet Food Market Forecast: Mass Products (in Billion US$), 2024-2032
Figure 33: United States: Pet Food Market: Premium Products (in Billion US$), 2018 & 2023
Figure 34: United States: Pet Food Market Forecast: Premium Products (in Billion US$), 2024-2032
Figure 35: United States: Pet Food Market: Animal Derived (in Billion US$), 2018 & 2023
Figure 36: United States: Pet Food Market Forecast: Animal Derived (in Billion US$), 2024-2032
Figure 37: United States: Pet Food Market: Plant Derived (in Billion US$), 2018 & 2023
Figure 38: United States: Pet Food Market Forecast: Plant Derived (in Billion US$), 2024-2032
Figure 39: United States: Pet Food Market: Sales through Supermarkets and Hypermarkets (in Billion US$), 2018 & 2023
Figure 40: United States: Pet Food Market Forecast: Sales through Supermarkets and Hypermarkets (in Billion US$), 2024-2032
Figure 41: United States: Pet Food Market: Sales through Specialty Stores (in Billion US$), 2018 & 2023
Figure 42: United States: Pet Food Market Forecast: Sales through Specialty Stores (in Billion US$), 2024-2032
Figure 43: United States: Pet Food Market: Online Sales (in Billion US$), 2018 & 2023
Figure 44: United States: Pet Food Market Forecast: Online Sales (in Billion US$), 2024-2032
Figure 45: United States: Pet Food Market: Other Distribution Channels (in Billion US$), 2018 & 2023
Figure 46: United States: Pet Food Market Forecast: Other Distribution Channels (in Billion US$), 2024-2032
Figure 47: United States: Pet Food Market: Breakup by Key Players (in %)
Figure 48: Pet Food Manufacturing Plant: Detailed Process Flow
Figure 49: Pet Food Manufacturing Process: Conversion Rate of Products
Figure 50: Pet Food Manufacturing Plant: Packaging Requirements
Figure 51: Pet Food Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 52: Pet Food: Profit Margins at Various Levels of the Supply Chain
Figure 53: Pet Food Manufacturing Plant: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: United States: Pet Food Market: Key Industry Highlights, 2023 and 2032
Table 2: United States: Pet Food Market Forecast: by Pet Type (in Billion US$), 2024-2032
Table 3: United States: Pet Food Market Forecast: by Product Type (in Billion US$), 2024-2032
Table 4: United States: Pet Food Market Forecast: by Pricing Type (in Billion US$), 2024-2032
Table 5: United States: Pet Food Market Forecast: by Ingredient Type (in Billion US$), 2024-2032
Table 6: United States: Pet Food Market Forecast: by Distribution Channel (in Billion US$), 2024-2032
Table 7: United States: Pet Food Market: Competitive Structure
Table 8: United States: Pet Food Market: Key Players
Table 9: United States: Dog and Cat Food Market: Export Data of Major Countries
Table 10: United States: Dog and Cat Food Market: Import Data of Major Countries
Table 11: Pet Food Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 12: Pet Food Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 13: Pet Food Manufacturing Plant: Costs Related to Milling and Mixing Machinery (in US$)
Table 14: Pet Food Manufacturing Plant: Costs Related to Pre-Conditioning, Extrusion and Drying Machinery (in US$)
Table 15: Pet Food Manufacturing Plant: Costs Related to Coating/Flavouring and Cooling Machinery (in US$)
Table 16: Pet Food Manufacturing Plant: Costs Related to Packaging Line Machinery (in US$)
Table 17: Pet Food Manufacturing Plant: Summary of Machinery Costs (in US$)
Table 18: Pet Food Manufacturing Plant: Raw Material Requirements
Table 19: Pet Food Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 20: Pet Food Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 21: Pet Food Manufacturing Plant: Details of Financial Assistance Offered by Financial Institutions
Table 22: Pet Food Manufacturing Plant: Capital Costs (in US$)
Table 23: Pet Food Manufacturing Plant: Techno-Economic Parameters
Table 24: Pet Food Manufacturing Plant: Taxation and Depreciation
Table 25: Pet Food Manufacturing Plant: Income Projections (in US$)
Table 26: Pet Food Manufacturing Plant: Expenditure Projections (in US$)
Table 27: Pet Food Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 28: Pet Food Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 29: Pet Food Manufacturing Plant: Profit and Loss Account

Companies Mentioned

  • Nestlé Purina PetCare
  • Mars Petcare Inc.
  • Big Heart Pet Brands
  • Hill's Pet Nutrition
  • Diamond Pet Foods and Blue Buffalo

Methodology

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Table Information