The global pet food market is driven by factors such as rising trend of nuclear families, rapid humanization of pets, and increased awareness about pet health. In addition, increase in ownership of pets in developing nations and rise in e-commerce sales offer opportunities for the pet food market players. However, increasing concerns about pet obesity and pet food recalls by companies hamper the growth of the global pet food market.
The government of various countries have taken initiatives to promote the use of safe and healthy ingredients to improve the overall wellness of pets. For instance, the Japanese Government implemented the Law for Ensuring the Safety of Pet Food (Law No. 83 of 2008) for pet food manufacturers, importers, and wholesalers to protect the pet health and regulate the manufacturing process. Such initiatives would continue to propel the overall pet food market size.
The demand for transparency during purchasing of pet food products has increased among consumers, owing to the ongoing concerns about pet health. Therefore, the Food and Drug Administration (FDA) ensures that the ingredients used in pet foods are enlisted on the labels based on weight. In addition, it assesses claims on pet foods such as “maintains urinary tract health,” “low magnesium,” and “hairball control.”
The global pet food industry is segmented based on pet type, food type, sales channel, and geography. Based on the type of pet, the market is segmented into dogs, cats, and other pets. In 2015, the dog food segment accounted for the largest share in the global market, owing to rising trend of nuclear families and growing inclination of consumers towards dogs for companionship and security. Based on the type of food, the global pet food market is segregated into dry food, wet/canned food, treats & snacks, and others. Based on the sales channel, the market is categorized into specialized pet shops, internet sales, hypermarkets, and others. The global pet food market is segmented based on region into North America, Europe, Asia-Pacific, and LAMEA. The North American pet food market had a dominant share in the world in 2015, and is expected to maintain its dominance during the forecast period.
The key players profiled in the report include Mars Petcare US Inc., The Procter & Gamble Company, Big Heart Pet Brands, Nestle Purina PetCare, Diamond Pet Foods, Hill’s Pet Nutrition, Tiernahrung Deuerer GmbH, WellPet LLC, Blue Buffalo Co., Ltd., and Heristo Aktiengesellschaft.
The other prominent players in the market include The Nutro Company, Devenish Nutrition Ltd., Tuffy’s Pet Foods, Inc., Canine Caviar Pet Foods, NUTTSABOUTPETS, Simmons Pet Food, Inc., Nisshin Petfood Inc., Spectrum Brands/United Pet Group, Mogiana Alimentos SA, and Nutriara Alimentos Ltda.
KEY BENEFITS FOR STAKEHOLDERS
The report includes an in-depth analysis of the global pet food market along with the current trends, drivers, restraints, and growth opportunities.
Porter’s Five Forces model illustrates the potency of buyers and sellers to formulate effective strategies.
Value chain analysis provides a clear understanding of the key intermediaries involved and their respective roles at every stage of the value chain.
Key market players have been profiled to gain an understanding of the strategies adopted by them.
The current trends have been quantitatively analyzed and estimated for the period of 2016–2022 to highlight the financial competency of the market.
PET FOOD MARKET KEY SEGMENTATION
By Pet Type
By Food Type
Others (Veterinary Diet, Organic, and Nutritional Food)
By Sales Channel
Specialized Pet Shops
Others (Grocery Stores, Non-grocery Stores)
Rest of Europe
Rest of Asia-Pacific
Mars Petcare US Inc.,
The Procter & Gamble Company,
Big Heart Pet Brands,
Nestle Purina PetCare,
Diamond Pet Foods,
Hill’s Pet Nutrition,
Tiernahrung Deuerer GmbH,
Blue Buffalo Co., Ltd., and
OTHER PLAYERS IN THE MARKET
Del Monte Foods
Benefit Evcil Hayvan Ürünleri
Lider Evcil Hayvan Beslenme Ürünleri
Connex United Processors
The Great Australian Pet Food Co.
1.1. RESEARCH METHODOLOGY
1.1.1. Primary research
1.1.2. Secondary research
1.1.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
3.1. REPORT DESCRIPTION
3.2. KEY BENEFITS
3.3. KEY MARKET SEGMENTS
3.4. MARKET DEFINITION AND SCOPE
3.5. KEY FINDINGS
3.5.1. Top impacting factors
3.5.2. Top winning strategies
3.5.3. Top investment pockets
3.6. PORTERS FIVE FORCES ANALYSIS
3.7. MARKET SHARE ANALYSIS, 2015
3.8. MARKET DYNAMICS
184.108.40.206. Rising trend of nuclear families
220.127.116.11. Rapid humanization of pets
18.104.22.168. Increasing awareness about pet health
22.214.171.124. Increase in pet obesity
126.96.36.199. Pet food recalls
188.8.131.52. Increasing pet ownership in developing nations
184.108.40.206. Rising e-commerce sales
CHAPTER 4 GLOBAL PET FOOD MARKET, BY PET TYPE
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size & forecast
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size & forecast
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size & forecast
CHAPTER 5 GLOBAL PET FOOD MARKET, BY FOOD TYPE
5.2. DRY FOOD
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size & forecast
5.3. WET FOOD
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size & forecast
5.4. TREATS & SNACKS
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size & forecast
5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size & forecast
CHAPTER 6 PET FOOD MARKET, BY SALES CHANNEL
6.2. INTERNET SALES
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size & forecast
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size & forecast
6.4. SPECIALIZED PET SHOPS
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size & forecast
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size & forecast
CHAPTER 7 PET FOOD MARKET, BY GEOGRAPHY
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size & forecast
220.127.116.11.1. Market size & forecast
18.104.22.168.1. Market size & forecast
22.214.171.124.1. Market size & forecast
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size & forecast
126.96.36.199.1. Market size & forecast
188.8.131.52.1. Market size & forecast
184.108.40.206.1. Market size & forecast
220.127.116.11.1. Market size & forecast
18.104.22.168. Rest of Europe
22.214.171.124.1. Market size & forecast
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size & forecast
126.96.36.199.1. Market size & forecast
188.8.131.52.1. Market size & forecast
184.108.40.206.1. Market size & forecast
220.127.116.11.1. Market size & forecast
18.104.22.168. Rest of Asia-Pacific
22.214.171.124.1. Market size & forecast
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size & forecast
126.96.36.199. Latin America
188.8.131.52.1. Market size & forecast
184.108.40.206. Middle East
220.127.116.11.1. Market size & forecast
18.104.22.168.1. Market size & forecast
CHAPTER 8 COMPANY PROFILES
8.1. BLUE BUFFALO CO., LTD
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.2. COLGATE-PALMOLIVE CO. (HILL'S PETNUTRITION)
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments
8.3. DIAMOND PET FOODS INC.
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.3.5. Key strategic moves and developments
8.4. HERISTO AG
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.5. INVIVO GROUP (TOTAL ALIMENTOS SA)
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments
8.6. MARS INC.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Business performance
8.6.5. Key strategic moves and developments
8.7. NESTLE PURINA PETCARE
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves and developments
8.8. PROCTER & GAMBLE CO
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.9. THE J. M. SMUCKER COMPANY (BIG HEART PET BRANDS)
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.10. WELLPET LLC
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves and developments
The global pet food industry is driven by rise in trend of nuclear families, rapid humanization of pets, and increased awareness about pet health. In addition, increase in ownership of pets in developing tions and rise in e-commerce sales offer opportunities for the pet food market players. However, increasing concerns about pet obesity and pet food recalls by companies hamper the growth of the global pet food market.
Premium foods have garnered significant popularity among quality sensitive pet owners. The growing interest in humanized pet food has created lucrative opportunities for manufacturers to produce high quality nutritiol food without additives or preservatives. Pet food products with low-fat, low caloric, and high moisture content are in high demand in the market, towing to the incidence of pet obesity. Therefore, the other pet food type segment is expected to witness the fastest rate during the forecast period.
However, transition in packaging standards has significantly impacted the overall pet food industry. Pet guardians prefer using metal canned packaging to flexible plastic and paper packaging. For instance, stand-up pouches witnessed more than 50% growth in the U.S. during 2007-2013. In addition, demand for smaller package sizes, such as single-served packets assist pet owners to deal with their pets weight or meal portions.
The global pet food market is segmented, based on sales channel, into pet specialized shops, internet sales, hypermarkets, and others (grocery stores and non-grocery stores). The hypermarkets segment generated the highest revenue in 2015, as they offer one-stop shopping experience along with a broad product range. Conversely, internet sales have witnessed the highest growth rate, as it is one of the convenient shopping methods that offers a wide variety of products to pet owners. The rising online pet food sales would propel the overall pet food market size. In the U.S., the sales of pet food through e-commerce platforms increased by more than 50%, and is expected to outpace the overall e-commerce or retail sales by 2022.
North America was the highest revenue contributor to the global pet food market in 2015, and is expected to maintain its position throughout the period. Increase in pet ownership, innovation in specialty & premium products, and rise in awareness about pet health have fostered the North American market. For instance, treats & scks, such as Whiskas Temptations Dentabites and Feline Greenies offered by Whiskas contain fortified and functiol ingredients to serve multiple functions, such as dental and health issues, had gained popularity in North America and other parts of the world.
Key findings of Pet food Market
LAMEA is projected to be the second fastest growing region, in terms of revenue, registering a CAGR of 4.6% during the forecast period.
Internet sales witnessed significant growth in 2014, and is anticipated to grow at the highest CAGR of 7.3%.
The dry food segment was the highest revenue contributor to the global market, with 65.3% share in 2014, and is expected to maintain its domince throughout the forecast period.
Market players have focused on adopting several strategies, such as product launch, acquisition, and partnership to expand their market outreach. For instance, in March 2016, Blue Buffalo partnered with Mossy Oak to launch Bayou Blend, an enticing catfish and shrimp meal, which is a no-grain, protein rich formulation. This product helped the company to increase their product portfolio and expand in the South American markets.
The key market players profiled in the report include Mars Petcare US Inc., The Procter & Gamble Company, Big Heart Pet Brands, Nestl Puri PetCare, Diamond Pet Foods, Hills Pet Nutrition, Tierhrung Deuerer GmbH, WellPet LLC, Blue Buffalo Co., Ltd., and Heristo Aktiengesellschaft.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.