Growing dog food demand along with higher traction in premium pet food segment is anticipated to drive pet food market over the forecast period. Dry food is witnessing rapid growth in demand as compared to other product counterparts owing to its convenience in terms of storage and feeding pets without creating a mess.  This is positively influencing urban consumers to increasingly opt for dry pet food.

Increase in pet ownership across the world is expected to drive the global pet food market. The global pet food market is estimated to reach a market value of US$ 81,516.1 million in 2019 and is forecast to reach US$ 114,500.0 million by 2027, growing at an estimated CAGR of 4.3% over the forecast period.

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Canned food is more palatable to dogs and cats as this product type contains proteins, fats, and few carbohydrates. Wet/canned pet food is easy to digest and thus limits the backyard cleaning activity to minimal. Higher digestibility offered by wet food makes it preferable for cats and dogs with illnesses and those that are finicky eaters.

Rising trend of dog adoption as a companion for families is projected to propel the product demand. Particularly dogs are witnessing an upward trend in terms of the concept of humanization of pets. This has resulted in an increased number of people owning dogs and feeding them with premium food. Furthermore, rapid urbanization is among the key factors driving pet food market.

Pet Food Market By Product Type:

Dry food is useful in ensuring good oral care in dogs with minimal tartar buildup on the animal’s teeth and by reducing plaque. In addition, this product type offers the crunch and chewing required for maintaining the overall health of animals. Dry food eliminates the need for freezing as that in case of canned food.

High moisture content in this product type helps ensure that the pets are hydrated and is also beneficial to the urinary tract. However, high cost of the product, particularly meat-based protein canned food, may restrict its preference among consumers, thereby restraining the segment growth over the forecast period.

Some of the significant players functioning in the Pet Food market include Mars Petcare, Nestle Purina, Hills Pet Nutrition (Colgate-Palmolive ), Procter & Gamble, Diamond pet foods, Affinity Petcare (Agrolimen), Buddys Kitchen, Blue Buffalo, Del Monte Foods, Nutriara Alimentos Ltda., Total Alimentos, Darwins, Unicharm, Flint River Ranch among others.

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Key Market Segment of Pet Food Market 

By Pet Type
  • Dogs
    • Puppy
    • Adult (1+ years)
    • Mature (7+ years)
    • Senior (11+ years)
  • Cats
    • Kitten
    • Adult (1+ years)
    • Mature (7+ years)
    • Senior (11+ years)
  • Others (Bird, Fish etc.)
Pet Food Market By Food Type
  • Dry
  • Wet
Pet Food Market By Geography
  • North America
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
    • Benelux Union
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Argentina
    • Brazil
    • Rest of Latin America
Buy This Premium Report@ North America emerged as one of the most prominent regional pet food markets after Asia Pacific. The regional demand for pet food is primarily driven by rising consumer awareness regarding the beneficial impact on pet health along with increasing trend of humanization of pets. Rising trend of adopting pets among the millennials is further projected to support the market growth. According to the American Pet Products Association (APPA), around 38% of the people across the U.S. own cats and two as an average number of cats per household. Using SWOT analysis to gather and study all the information, you can see the competitive environment vividly in Pet Food market. Openings for future market developments were revealed and likewise had a competitive advantage. Taking into account the drift and propensity of this market, it shows that the strategic direction is good. Understand your market base and understand your market data using standards, methodologies, and other driving market trends determined for reference. For more information ask our experts@ About Absolute Markets Insights: Contact Us: Company: Absolute Markets Insights Contact Name: Shreyas Tanna Phone: +91-740-024-2424 Email id: Website: