Animal and Pet Food Market Report 2026

The animal and pet food market size has grown strongly in recent years. It will grow from $367.3 billion in 2025 to $393.18 billion in 2026 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to increasing pet ownership rates, expansion of commercial livestock farming, rising awareness of animal nutrition, growth of packaged animal feed consumption, improvements in feed processing technologies.

The animal and pet food market size is expected to see strong growth in the next few years. It will grow to $530.44 billion in 2030 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to increasing demand for health-focused pet food, rising adoption of sustainable feed ingredients, expansion of e-commerce pet food sales, growing focus on alternative protein sources, increasing investments in feed innovation. Major trends in the forecast period include rising demand for premium pet nutrition, growing use of functional animal feed ingredients, expansion of specialized diet formulations, increased focus on ingredient transparency, enhanced product customization.

The growth of the animal and pet food market is supported by the steady economic expansion projected across several developed and developing economies. For example, in May 2024, according to the Organisation for Economic Co-operation and Development, a France-based intergovernmental organization, global GDP growth is expected to remain stable at 3.1% in 2024, consistent with 2023 levels, with a marginal rise to 3.2% forecasted for 2025. The recovery of commodity prices, following a notable decline during the historical period, is also anticipated to support market expansion. Developed economies are projected to experience stable growth throughout the forecast period, while emerging markets are expected to continue growing at a slightly faster pace than developed regions. This stable economic outlook is likely to encourage increased investments in end-user industries, thereby driving market growth during the forecast period.

Major players in the animal and pet food market are increasingly forming strategic partnerships to provide essential Hilucia protein and oil to enhance pet nutrition and overall health. Strategic partnerships involve leveraging the strengths and resources of each company to achieve mutual benefits. For example, in August 2024, Innovafeed, a France-based agro-industrial company specializing in converting organic waste into high-quality insect protein for animal and pet nutrition, partnered with Jiminy's and Arch, a US-based pet nutrition company focused on developing environmentally friendly insect protein products for dogs and cats. Through this collaboration, the companies aim to launch products under the Hilucia™ label, emphasizing performance, sustainability, and precision. This label highlights Innovafeed's model, which significantly reduces environmental impact by cutting greenhouse gas emissions by at least 50% compared to traditional protein sources, while providing superior nutritional benefits, such as 60% protein and essential fatty acids for optimal pet health.

In October 2025, LT Foods, an India-based supplier of packaged and staple food products, acquired Global Green Europe Kft, a Hungary-based company, for €25 million (approximately US$29 million). Through this acquisition, LT Foods seeks to enhance its global footprint and strengthen its presence within the European food market. Global Green Europe Kft is a Hungary-based provider of food products and associated services.

Major companies operating in the animal and pet food market are Cargill Incorporated, Nestle S.A., New Hope Liuhe Co.Ltd., Charoen Pokphand Foods PCL, Bunge Limited, Diamond Pet Foods Inc., Mitsui & Co.Ltd., CJ Cheiljedang Corp, LandO'Lakes Inc., J.M.Smucker Company, Hill's Pet Nutrition Inc., Blue Buffalo Co Ltd., SCHELL & KAMPETER INC., Wellness Pet LLC, Sunshine Mills Inc., Merrick Pet Care, Ainsworth Pet Nutrition, LLC, Simmons Foods Inc., Tuffy’s Pet Foods Inc., Natures Menu Ltd., American Nutrition Inc., Alphia, ADM Animal Nutrition Inc., NutriSource Pet Foods, Mid America Pet Food, KENT Corporation, KLN Family Brands, Nurture Farms, United Pet Group Inc., Eagle Mountain Pet Food, VICTOR premium pet food, Royal Canin SAS, Iams pet food, Eukanuba.

Asia-Pacific was the largest region in the animal and pet food market in 2025. Western Europe was the second-largest in the animal and pet food market. The regions covered in the animal and pet food market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the animal and pet food market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The animal and pet food market consists of sales of poultry feed, cattle feed, aquaculture feed, dry dog food, dog treats, wet dog food, wet cat food, dry cat food, cat treats, and other animal and pet food. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The animal and pet food market is segmented into pet food and animal food.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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