The pet food market was valued at $128.70 billion in 2024 and is estimated to reach $226.53 billion by 2034, exhibiting a CAGR of 6.1% from 2025 to 2034.
Pet food refers to specially formulated food intended for consumption by domesticated animals such as dogs, cats, birds, and other pets. It includes dry food, wet or canned food, treats, and customized diets that provide essential nutrients for pets’ overall health and well-being. Over the years, pet food has evolved significantly, driven by rise in pet humanization trends, increased awareness of animal health, and rise in disposable incomes.
Factors such as the growing trend of pet ownership, particularly among millennials, and the increase in preference for premium, organic, and natural pet food products are major drivers contributing to market growth. In addition, rise in awareness of pet nutrition and demand for species-specific & age-specific formulations encourage manufacturers to invest in research and innovation. The surge in proliferation of e-commerce and direct-to-consumer delivery models accelerates access to a wide range of pet food products across regions.
However, fluctuations in the prices of raw materials such as meat, grains, and additives, along with stringent regulations related to product safety and labeling, are expected to hamper market growth. Moreover, increase in number of pet food recalls due to contamination and quality issues affect consumer confidence and slow adoption, particularly in developing markets.
On the other hand, the growing inclination toward customized and functional pet food, which addresses specific health conditions such as obesity, allergies, or digestive disorders, is expected to offer lucrative growth opportunities for the market. In addition, innovations such as plant-based and insect-based protein sources, as well as the inclusion of probiotics and superfoods in pet diets, are expected to reshape product offerings in the coming years. Expansion in emerging economies, coupled with urbanization and nuclear families, is further expected to increase pet adoption and, consequently, drive demand for convenient, nutritious pet food solutions. Furthermore, collaborations between veterinary professionals and pet food companies are anticipated to enhance product credibility and market penetration during the forecast period.
Pet food refers to specially formulated food intended for consumption by domesticated animals such as dogs, cats, birds, and other pets. It includes dry food, wet or canned food, treats, and customized diets that provide essential nutrients for pets’ overall health and well-being. Over the years, pet food has evolved significantly, driven by rise in pet humanization trends, increased awareness of animal health, and rise in disposable incomes.
Factors such as the growing trend of pet ownership, particularly among millennials, and the increase in preference for premium, organic, and natural pet food products are major drivers contributing to market growth. In addition, rise in awareness of pet nutrition and demand for species-specific & age-specific formulations encourage manufacturers to invest in research and innovation. The surge in proliferation of e-commerce and direct-to-consumer delivery models accelerates access to a wide range of pet food products across regions.
However, fluctuations in the prices of raw materials such as meat, grains, and additives, along with stringent regulations related to product safety and labeling, are expected to hamper market growth. Moreover, increase in number of pet food recalls due to contamination and quality issues affect consumer confidence and slow adoption, particularly in developing markets.
On the other hand, the growing inclination toward customized and functional pet food, which addresses specific health conditions such as obesity, allergies, or digestive disorders, is expected to offer lucrative growth opportunities for the market. In addition, innovations such as plant-based and insect-based protein sources, as well as the inclusion of probiotics and superfoods in pet diets, are expected to reshape product offerings in the coming years. Expansion in emerging economies, coupled with urbanization and nuclear families, is further expected to increase pet adoption and, consequently, drive demand for convenient, nutritious pet food solutions. Furthermore, collaborations between veterinary professionals and pet food companies are anticipated to enhance product credibility and market penetration during the forecast period.
Segment Review
The pet food market is segmented into pet type, food type, sales channel, and region. By pet type, the market is classified into dogs, cats, and others. On the basis of food type, the market is divided into dry food, wet food, treats & snacks, and others. Depending on sales channel, it is categorized into supermarkets & hypermarkets, specialized pet shops, online sales channel, and others. Region-wise, it is studied across North America (U.S., Canada, and Mexico), Europe (UK, France, Netherlands, Germany, Tukey, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, United Arab Emirates, and rest of LAMEA).Key Findings
- By pet type, the dog segment garnered the largest pet food market share in 2024.
- By food type, the dry food segment held the major share of the food type segment in 2024.
- By sales channel, the specialized pet shops segment accounted for the highest market share among all the channels in 2024*.
- Region-wise, North America generated the highest revenue in 2024.
Competition Analysis
The prominent pet food industry players include Mars Petcare Inc., The Hartz Mountain Corporation, Big Heart Pet Brands, Nestle Purina PetCare, Diamond Pet Foods, Hill’s Pet Nutrition, Deuerer, WellPet, Blue Buffalo, and Heristo AG. The market players have adopted product launch, collaboration, agreement, expansion, and acquisition as key developmental strategies. Several businesses have created innovative products to diversify their product offerings.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pet food market analysis from 2024 to 2034 to identify the prevailing pet food market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pet food market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pet food market trends, key players, market segments, application areas, and market growth strategies.
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- Investment Opportunities
- Product Life Cycles
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Brands Share Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Food Type
- Dry Food
- Wet Food
- Treats and Snacks
- Others
By Sales Channel
- Supermarkets and Hypermarkets
- Specialized Pet Shops
- Online Sales Channel
- Others
By Pet Type
- Dogs
- Cats
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Netherlands
- Germany
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- United Arab Emirates
- Rest of LAMEA
Key Market Players
- Nestle Purina PetCare
- Farmina Pet Foods S.p.A.
- The J.M. Smucker Co.
- Schell & Kampeter Inc.
- Mars Petcare Inc.
- Blue Buffalo CO., Ltd
- Heristo AG
- Colgate Palmotive Company
- WellPet LLC
- Tiernahrung Deuerer GmbH
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PET FOOD MARKET, BY PET TYPE
CHAPTER 5: PET FOOD MARKET, BY FOOD TYPE
CHAPTER 6: PET FOOD MARKET, BY SALES CHANNEL
CHAPTER 7: PET FOOD MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- Nestle Purina PetCare
- Farmina Pet Foods S.p.A.
- The J.M. Smucker Co.
- Schell & Kampeter Inc.
- Mars Petcare Inc.
- Blue Buffalo CO., Ltd
- Heristo AG
- Colgate Palmotive Company
- WellPet LLC
- Tiernahrung Deuerer GmbH
Methodology
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.
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