Pet Meals isn't just a meal; it's a specifically crafted formulation designed to fulfill the unique dietary wishes of domesticated animals, consisting of dogs, cats, birds, fish, and others. It's a balanced combination of proteins, carbohydrates, fats, vitamins, and minerals vital for pet growth, maintenance, and common well-being. The nutritional profile of pet food is numerous and tailored to the pet’s precise wishes based totally on factors like age, breed, size, and fitness condition. It's to be had in various bureaucracies, from dry kibble to canned wet meals, uncooked meal diets, and treats. Some puppy meals are formulated to deal with precise nutritional needs, including hypersensitivity reactions, obesity, or diseases like kidney or heart issues.
The 2023-2024 APPA National Pet Owners Survey located that 66% of US families personal at the least one pet, totaling 86.9 million families. Pet ownership is now lightly distributed throughout exclusive generations, with an identical variety of Gen Z and Millennial pet owners as Gen X and Baby Boomer pet parents for the first time.
The ownership of pets the various two youngest generations steadily elevated from 2018 to 2022. In 2018, 11% of Gen Z individuals owned a pet, which rose to 14% in 2020 and 16% in 2022. For Millennials, pet ownership changed into at 31% in 2018, expanded to 32% in 2020, and reached 33% in 2022.
Dog pet food market
The dominance of dogs within the United States pet food market may be attributed to their big population, which accounted for maximum of the overall pet populace in 2023. According to a 2023-2024 pet owners survey, 65.1 million families within the United States owned at the least one dog, making them the country most commonplace form of pet. The pet meals industry is experiencing boom due to the increasing trends of puppy humanization. This trend has led to a preference for top class pet products, along with vegan and grain-free dog meals. The canine food market is a vital section of the pet food industry, catering to dogs’ dietary wishes and possibilities. It encompasses diverse brands, producers, vendors, and outlets providing numerous dog food alternatives. Pet ownership tendencies, buyer options, nutritional studies, and regulatory requirements impact the market. The forecast suggests that the dog food market is anticipated to be the quickest-growing section, providing a promising opportunity for investors and stakeholders within the dog food industry.Cat Pet Food Market
The United States pet food market has noticeable an increasing market proportion for cats, with a growing population of cats being adopted as pets. This trend is attributed to the high demand for companionship and the lower expenditure on pet food as compared to different pets. The growth in pet humanization and the fact that cats require much less residing space than puppies have contributed to the growing recognition of cats as pets inside the country among 2018 and 2023. In May 2024, 46.5 million US households, or approximately one in three, will personal a cat, making it the second maximum famous pet inside the country after dogs. As of 2022, 45.5% of U.S. Families own dogs, and 29% own cats. Between 2016 and 2022, the share of U.S. Families that personal puppies multiplied by using 6.1 percent factors, from 38.4% to 44.5%, even as the proportion of households that own cats increased with the aid of 4 percent points, from 25% to 29%. The upward trend in pet possession and the increasing demand for products which include premium pet ingredients and treats will growth the pet food market in the course of the forecast period. This developing popularity of cats as pets provides a completely unique marketplace section for puppy meals producers and stores to explore.United States Pet Food Market Analysis
Some major key players in the United States pet food market include J.M Smucker, General Mills (Blue Buffalo), Tyson Foods, Colgate Palmolive, DS Holdings, Inc., Central Garden & Pet, Nestle, and Archer Daniels Midland.United States Pet Food Company News
- In September 2023, J.M. Smucker Co. sold several pet food brands to Post Holdings for US$1.2 Billion. The deal included US$700 million in cash and around 5.39 million shares of Post Holdings’ common stock.
- In Nov 2023, General Mills, Inc. acquired Fera Pets, Inc., a veterinarian-founded pet supplement company, diversifying its pet portfolio with health-focused offerings. This marks General Mills' debut in the pet supplement sector and the first acquisition by its newly established growth equity fund.
- In Oct. 2023, Tyson Foods revealed a strategic investment with insect protein startup Protix to expand insect ingredient usage in the food system. Tyson will acquire a minority stake in Protix with undisclosed financial terms.
- In Jan 2023, Colgate-Palmolive announced Hill's Pet Nutrition's expansion to enhance its Prescription Diet portfolio.
- In August 2023, Spectrum Brands, Inc., a leading supplier of exceptional value and quality pet products for dogs, birds, cats, fish, and small animals, announced the launch of Meowee cat treats.
Animal Type: United State Food Market breakup from two viewpoints
Dog Food - Market breakup from 4 viewpoints
1. Dry Food2. Wet Food
3. Snacks & Treats
4. Others
Cat Food - Market breakup from 4 viewpoints
1. Dry Food2. Wet Food
3. Snacks & Treats
4. Others
Other Pet- Market breakup from 4 viewpoints
1. Dry Food2. Wet Food
3. Snacks & Treats
4. Others
Distribution Channel - Market breakup from 4 viewpoints
1. Supermarkets and Hypermarkets2. Specialized Pet Shops
3. Online Sales Channel
4. Others
Key Players Analysis:
- Overview
- Recent Development
- Financial Insights
Company Analysis:
1. J.M Smucker2. General Mills (Blue Buffalo)
3. Tyson Foods
4. Colgate Palmolive
5. DS Holdings, Inc.
6. Central Garden & Pet
7. Nestle
8. Archer Daniels Midland
4. Thailand
5. China
6. United Kingdom
7. Canada
8. South Korea
9. South Africa
10. Saudi Arabia
11. Others
Import
1. Japan2. Mexico
3. United Kingdom
4. China
5. United Kingdom
6. Saudi Arabia
7. Iraq
8. Philippines
9. South Africa
10. Cuba
11. Others
All the Key players have been covered from 4 Viewpoints:
- Overview
- Recent Development
- Financial Insight
Key Players Analysis
1. the Kraft Heinz Company2. Tyson Foods, Inc.
3. Pilgrim's Pride Corporation
4. Danish Crown Group
5. BRF S.A.
6. WH Group
7. Hormel Foods Corporation
8. Wens Foodstuff Group
Table of Contents
Companies Mentioned
- J.M Smucker
- General Mills (Blue Buffalo)
- Tyson Foods
- Colgate Palmolive
- DS Holdings, Inc.
- Central Garden & Pet
- Nestle
- Archer Daniels Midland
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 105 |
| Published | June 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 42.9 Billion |
| Forecasted Market Value ( USD | $ 61.54 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | United States |
| No. of Companies Mentioned | 8 |
