NEW YORK, Sept. 6, 2022 /PRNewswire/ — The pet food market is expected to grow by USD 42.57 billion during 2021-2026, at a CAGR of 7.41% during the forecast period, according to Technavio.
The growing demand for organic pet food, marketing campaigns, packaging innovations, and increasing preference for functional and fortified pet food will offer immense growth opportunities. However increasing instances of pet allergies among pet owners, usage of artificial colors or flavor enhancers, antibiotics, herbicides , pesticides, and chemical preservatives in pet food offerings, and risks of a product recall will challenge the growth of the market participants. Request Free Sample Report.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Pet Food Market Segmentation
- Product
- Dry Food
- Snacks And Treats
- Wet Food
- Type
- Dog Food
- Cat Food
- Others
- Geography
- North America
- Europe
- APAC
- South America
- The Middle East And Africa
Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses, Buy Sample Report.
Pet Food Market Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our pet food market report covers the following areas:
- Pet Food Market size
- Pet Food Market trends
- Pet Food Market industry analysis
This study identifies the increasing demand for pet food with savory ingredients and smaller portions as one of the prime reasons driving the pet food market growth during the next few years. Download Free Sample Report.
Pet Food Market Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Pet Food Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Pet Food Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
- ABP Food Group Ltd.
- Alphia Inc.
- Archer Daniels Midland Co.
- Colgate Palmolive Co.
- General Mills Inc.
- heristo aktiengesellschaft
- Laroy Group
- Mars Inc.
- Nestle SA
- Nippon Pet Food Co. Ltd
- Real Pet Food Co
- Schell and Kampeter Inc.
- Spectrum Brands Holdings Inc.
Pet Food Market Key Highlights
- CAGR of the market during the forecast period.
- Detailed information on factors that will assist pet food market growth during the next five years
- Estimation of the pet food market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the pet food market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of pet food market vendors
Related Reports:
Global Animal Feed Vitamin Market by Application and Geography – Forecast and Analysis 2022-2026: The animal feed vitamin market share is expected to increase by USD 629.01 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.61%.
Truffle Chocolate Market by Product and Geography – Forecast and Analysis 2022-2026: The truffle chocolate market share is expected to increase by USD 1.22 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.17%.
Vegan Cheese Market by Source and Geography – Forecast and Analysis 2022-2026: The vegan cheese market share is expected to increase by USD 1.26 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.41%.
|
Pet Food Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.41% |
|
Market growth 2022-2026 |
$42.57 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
6.62 |
|
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
|
Performing market contribution |
North America at 32% |
|
Key consumer countries |
US, Japan, UK, France, and Brazil |
|
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
|
Companies profiled |
ABP Food Group Ltd., Alphia Inc., Archer Daniels Midland Co., Colgate Palmolive Co., General Mills Inc., heristo aktiengesellschaft, Laroy Group, Mars Inc., Nestle SA, Nippon Pet Food Co. Ltd, Real Pet Food Co , Schell and Kampeter Inc., Spectrum Brands Holdings Inc., Sunshine Mills Inc., Thai Union Group PCL, The JM Smucker Co., Tiernahrung Deuerer GmbH, Unicharm Corp., United Petfood Producers NV, and Wellness Pet Co. |
|
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
|
Customization purview |
|
