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United States Pets Food Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 145 Pages
  • January 2023
  • Region: United States
  • Renub Research
  • ID: 5715841

United States Pet Food Industry was valued at US$ 45.11 Billion in 2022

United States Pet Food Market will reach US$ 62.41 Billion by 2028 according to the publisher. Pet food refers to animal feed intended for consumption by pets and is mainly sold in pet stores and supermarkets. Some components used to prepare pet food are meat, peas, corn, barley, seafood, feed grain, and poultry. Pet food also provides several health benefits, such as boosting immunity, improving life expectancy, maintaining a healthy weight, reducing the risk of skin ailments and allergies, and minimizing digestive disorders in the U.S.

In addition, innovative manufacturing technology, such as automating formulation, batching, drying, coating, and liquid delivery, is helping companies achieve cost efficiency and ensure product quality. As per our research findings, United States Pet Food Market is expected to grow with a CAGR of 5.56% during the forecast period of 2022 to 2028.

United States Pet Food Industry was valued at US$ 45.11 Billion in 2022

According to American Pet Product Association (APPA), National Pet Owners' data shows 90.5 million households in America own a pet, equivalent to almost 70% of homes in 2021-2022. The U.S. pet food market is categorized into different varieties such as Dogs food, Cat food, and other food (Bird Food, Fish Food, and Small Mammals/Reptiles Food) Market.

In addition, the humanization of pets has encouraged owners to treat their pets like family. The increasing concern for pets' well-being and healthy growth has increased owners' expenditure on nutritious pet food. Furthermore, increased pet humanization, rapid urbanization, high-income levels, changing consumer behavior, the broad availability of natural pet food, rising awareness of pet nutrition, and the emergence of an e-commerce platform have driven the growth of the U.S. pet food market.

However, the United States pet food market has highly regulated, which involves considerable compliance costs to manufacturers in terms of certification, equipment maintenance, and personnel training expenses has restrained the U.S. pet food market.

Animal Type: Dry Dog Food holds the Largest Market Share

Based on Animal Type, the U.S. Pet Food Market is segmented into Dog Food, Cat Food, and Others. However, Dog Pet Food is further classified into four types Dry Dog Food, Wet Dog Food, Frozen/Refrigerated Dog Food, and Dog Biscuits/Treats/Beverages. Dry Dog Food holds the largest market share because the high demand for low carbohydrate diet and protein, grain-free pet food is the fastest growing areas of the U.S. pet food industry, the launch of dog treats and nutrition-rich food, a High amount related to the maintenance and well-being of dogs, and rising consumer awareness regarding pet health has led to another specific reason contributing to the growth of the segment.

Furthermore, Dry Cat Food also holds the significant revenue in the forecast period due to owning more than one cat witnessing consonant growth. In addition, cats require less training than dogs and can spend more time alone. Besides, the cost of owing cats is relatively low compared to that of dogs. The market is classified into four types Dry Cat Food, Wet Cat Food, Frozen/Refrigerated Cat Food, and Cat Biscuits/Treats/Beverages.

Ingredients: Amino Acids is Predicted to Dominate the Revenue in the Forecast Period

Based on Ingredients, Amino Acids is expected to dominate the revenue in the forecast period due to the rising consumption of food of animal origin, high-quality protein, and omega-3 fatty acids. When added to food, these substances increase the nutritional value of the feed and provide benefits such as increased growth rate, increased protein digestibility, enhanced feed conversion, enhanced immune system, decreased mortality of aquatic species, increased yield in animal products, efforts to ensure quality and standardization, and protection of animal health stand out as the main factor boosting the market.

Thus, it is anticipated that raising awareness among pet food manufacturers of the nutritional benefits of protein-rich ingredients will increase the supply of these ingredients. The U.S. Pet Food Market is categorized into nine types Amino Acid, Phosphates, Minerals, Acidifiers, Mycotoxin Detoxifier, Enzymes, Speciality Proteins, Vitamins, and Others.

Key Player Analysis:

Some major key players in the United State Pet Food Market include J.M Smucker, General Mills (Blue Buffalo), Tyson Foods, Colgate Palmolive, SPECTRUM BRANDS HOLDINGS, INC, Central Garden & Pet, and Nestle SA.

In March 2021, Mars Inc., pet food manufacturer based in the U.S., invested US$ 200 Million to increase its Royal Canin Plant in Lebanon.
In May 2021, Nestlé Purina PetCare completed a $19 Million expansion project in Dunkirk, New York. It will increase production capacity for a new cat treat innovation, Fancy Feast Savory Cravings that keeps the cutting edge of form and function.

The publisher's latest report “United States Pets Food Market & Volume Forecast by animal type Dog Food (Dry Dog Food, Wet Dog Food, Frozen/Refrigerated Dog Food, and Dog Biscuits/Treats/Beverages) and Cat Food (Dry Cat Food, Wet Cat Food, Frozen/Refrigerated Cat Food, and Cat Biscuits/Treats/Beverages) Ingredients (Amino Acid, Phosphates, Minerals, Acidifiers, Mycotoxin Detoxifier, Enzymes, Speciality Proteins, Vitamins, and Others) Company Analysis (J.M Smucker, General Mills (Blue Buffalo), Tyson Foods, Colgate Palmolive, SPECTRUM BRANDS HOLDINGS, INC., Central Garden & Pet, and Nestle SA)” provides a detailed analysis of United States Pet Food Industry.

Animal Type: United State Food Market breakup from two viewpoints

1. Dog Food - Market breakup from 4 viewpoints

1. Dry Dog Food
2. Wet Dog Food
3. Frozen/Refrigerated Dog Food
4. Dog Biscuits/Treats/Beverages

2. Cat Food - Market breakup from 4 viewpoints

1. Dry Cat Food
2. Wet Cat Food
3. Frozen/Refrigerated Cat Food
4. Cat Biscuits/Treats/Beverages

Ingredient Type: United State Food Market breakup from nine viewpoints

1. Amino Acid
2. Phosphates
3. Minerals
4. Acidifiers
5. Mycotoxin Detoxifier
6. Enzymes
7. Specialty Proteins
8. Vitamins
9. Other

Key Players Analysis:

1. Overview
2. Recent Developments
3. Financial Insights

Company Analysis:

1. J.M Smucker
2. General Mills (Blue Buffalo)
3. Tyson Foods
4. Colgate Palmolive
5. SPECTRUM BRANDS HOLDINGS
6. INC. Central Garden & Pet
7. Nestle SA
Frequently Asked Questions about the U.S. Pets Food Market

What is the estimated value of the U.S. Pets Food Market?

The U.S. Pets Food Market was estimated to be valued at $45.11 Billion in 2022.

What is the growth rate of the U.S. Pets Food Market?

The growth rate of the U.S. Pets Food Market is 5.5%, with an estimated value of $62.41 Billion by 2028.

What is the forecasted size of the U.S. Pets Food Market?

The U.S. Pets Food Market is estimated to be worth $62.41 Billion by 2028.

Who are the key companies in the U.S. Pets Food Market?

Key companies in the U.S. Pets Food Market include J.M Smucker, General Mills (Blue Buffalo), Tyson Foods, Colgate Palmolive, SPECTRUM BRANDS HOLDINGS and Nestle SA.

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenge

5. United States Pet Food Market

6. Market Share - United States Pet Food Analysis
6.1 By Animal
6.2 By Type
6.2.1 Dog
6.2.2 Cat
6.3 By Ingredients

7. Animal - United States Pet Food Market
7.1 Dog
7.2 Cat
7.3 Others

8. Type - United States Pet Food Market
8.1 Dog
8.1.1 Dry Dog Food
8.1.2 Wet Dog Food
8.1.3 Frozen/Refrigerated Dog Food
8.1.4 Dog Biscuits/Treats/Beverages
8.2 Cat
8.2.1 Dry Cat Food
8.2.2 Wet Cat Food
8.2.3 Frozen/Refrigerated Cat Food
8.2.4 Cat Biscuits/Treats/Beverages

9. Ingredients - United States Pet Food Market
9.1 Amino Acid
9.2 Phosphates
9.3 Minerals
9.4 Acidifiers
9.5 Mycotoxin Detoxifier
9.6 Enzymes
9.7 Speciality Proteins
9.8 Vitamins
9.9 Others

10. Key Players Analysis
10.1 J.M Smucker
10.1.1 Business Overview
10.1.2 Recent Development
10.1.3 Sales Analysis
10.2 General Mills (Blue Buffalo)
10.2.1 Business Overview
10.2.2 Recent Development
10.2.3 Sales Analysis
10.3 Tyson Foods
10.3.1 Business Overview
10.3.2 Recent Development
10.3.3 Sales Analysis
10.4 Colgate Palmolive
10.4.1 Business Overview
10.4.2 Recent Development
10.4.3 Sales Analysis
10.5 SPECTRUM BRANDS HOLDINGS, INC.
10.5.1 Business Overview
10.5.2 Recent Development
10.5.3 Sales Analysis
10.6 Central Garden & Pet
10.6.1 Business Overview
10.6.2 Recent Development
10.6.3 Sales Analysis
10.7 Nestle SA
10.7.1 Business Overview
10.7.2 Sales Analysis
10.7.3 Recent Development

List of Figures:
Figure 01: United States - Pet Food Market (Billion US$), 2018 - 2022
Figure 02: United States - Forecast for Pet Food Market (Billion US$), 2023 - 2028
Figure 03: Animal - Dog Food Market (Billion US$), 2018 - 2022
Figure 04: Animal - Forecast for Dog Food Market (Billion US$), 2023 - 2028
Figure 05: Animal - Cat Food Market (Billion US$), 2018 - 2022
Figure 06: Animal - Forecast for Cat Food Market (Billion US$), 2023 - 2028
Figure 07: Animal - Others Food Market (Million US$), 2018 - 2022
Figure 08: Animal - Forecast for Others Food Market (Million US$), 2023 - 2028
Figure 09: Type - Dry Dog Food Market (Billion US$), 2018 - 2022
Figure 10: Type - Forecast for Dry Dog Food Market (Billion US$), 2023 - 2028
Figure 11: Type - Wet Dog Food Market (Billion US$), 2018 - 2022
Figure 12: Type - Forecast for Wet Dog Food Market (Billion US$), 2023 - 2028
Figure 13: Type - Frozen/Refrigerated Dog Food Market (Million US$), 2018 - 2022
Figure 14: Type - Forecast for Frozen/Refrigerated Dog Food Market (Million US$), 2023 - 2028
Figure 15: Type - Dog Biscuits/Treats/Beverages Market (Billion US$), 2018 - 2022
Figure 16: Type - Forecast for Dog Biscuits/Treats/Beverages Market (Billion US$), 2023 - 2028
Figure 17: Type - Dry Cat Food Market (Billion US$), 2018 - 2022
Figure 18: Type - Forecast for Dry Cat Food Market (Billion US$), 2023 - 2028
Figure 19: Type - Wet Cat Food Market (Billion US$), 2018 - 2022
Figure 20: Type - Forecast for Wet Cat Food Market (Billion US$), 2023 - 2028
Figure 21: Type - Frozen/Refrigerated Cat Food Market (Million US$), 2018 - 2022
Figure 22: Type - Forecast for Frozen/Refrigerated Cat Food Market (Million US$), 2023 - 2028
Figure 23: Type - Cat Biscuits/Treats/Beverages Market (Million US$), 2018 - 2022
Figure 24: Type - Forecast for Cat Biscuits/Treats/Beverages Market (Million US$), 2023 - 2028
Figure 25: Ingredients - Amino Acid Market (Billion US$), 2018 - 2022
Figure 26: Ingredients - Forecast for Amino Acid Market (Billion US$), 2023 - 2028
Figure 27: Ingredients - Phosphates Market (Billion US$), 2018 - 2022
Figure 28: Ingredients - Forecast for Phosphates Market (Billion US$), 2023 - 2028
Figure 29: Ingredients - Minerals Market (Billion US$), 2018 - 2022
Figure 30: Ingredients - Forecast for Minerals Market (Billion US$), 2023 - 2028
Figure 31: Ingredients - Acidifiers Market (Billion US$), 2018 - 2022
Figure 32: Ingredients - Forecast for Acidifiers Market (Billion US$), 2023 - 2028
Figure 33: Ingredients - Mycotoxin Detoxifier Market (Billion US$), 2018 - 2022
Figure 34: Ingredients - Forecast for Mycotoxin Detoxifier Market (Billion US$), 2023 - 2028
Figure 35: Ingredients - Enzymes Market (Billion US$), 2018 - 2022
Figure 36: Ingredients - Forecast for Enzymes Market (Billion US$), 2023 - 2028
Figure 37: Ingredients - Speciality Proteins Market (Billion US$), 2018 - 2022
Figure 38: Ingredients - Forecast for Speciality Proteins Market (Billion US$), 2023 - 2028
Figure 39: Ingredients - Vitamins Market (Billion US$), 2018 - 2022
Figure 40: Ingredients - Forecast for Vitamins Market (Billion US$), 2023 - 2028
Figure 41: Ingredients - Others Market (Billion US$), 2018 - 2022
Figure 42: Ingredients - Forecast for Others Market (Billion US$), 2023 - 2028
Figure 43: J.M Smucker - Global Revenue (Billion US$), 2018 - 2022
Figure 44: J.M Smucker - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 45: General Mills (Blue Buffalo) - Global Revenue (Billion US$), 2018 - 2022
Figure 46: General Mills (Blue Buffalo) - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 47: Tyson Foods - Global Revenue (Billion US$), 2018 - 2022
Figure 48: Tyson Foods - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 49: Colgate Palmolive - Global Revenue (Billion US$), 2018 - 2022
Figure 50: Colgate Palmolive - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 51: SPECTRUM BRANDS HOLDINGS, INC. - Global Revenue (Million US$), 2018 - 2022
Figure 52: SPECTRUM BRANDS HOLDINGS, INC. - Forecast for Global Revenue (Million US$), 2023 - 2028
Figure 53: Central Garden & Pet - Global Revenue (Billion US$), 2018 - 2022
Figure 54: Central Garden & Pet - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 55: Nestle SA - Global Revenue (Billion US$), 2018 - 2022
Figure 56: Nestle SA - Forecast for Global Revenue (Billion US$), 2023 - 2028

List of Tables:
Table 01: United States - Pet Food Market Share by Animal (Percent), 2018 - 2022
Table 02: United States - Forecast for Pet Food Market Share by Animal (Percent), 2023 - 2028
Table 03: United States - Dog Pet Food Market Share by Type (Percent), 2018 - 2022
Table 04: United States - Forecast for Dog Pet Food Market Share by Type (Percent), 2023 - 2028
Table 05: United States - Cat Pet Food Market Share by Type (Percent), 2018 - 2022
Table 06: United States - Forecast for Cat Pet Food Market Share by Type (Percent), 2023 - 2028
Table 07: United States - Pet Food Market Share by Ingredients (Percent), 2018 - 2022
Table 08: United States - Forecast for Pet Food Market Share by Ingredients (Percent), 2023 - 2028

Companies Mentioned

  • J.M Smucker
  • General Mills (Blue Buffalo)
  • Tyson Foods
  • Colgate Palmolive
  • SPECTRUM BRANDS HOLDINGS
  • INC. Central Garden & Pet
  • Nestle SA

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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