With 4.8% CAGR, Organic Pet Food Market Size Worth $29.2 Billion by 2031

According to a new report published by Allied Market Research, titled, "Organic Pet Food Market," The organic pet food market size was valued at $18.7 billion in 2021, and is estimated to reach $29.2 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.

Pet food that carries the organic label must adhere to U.S. Department of Agriculture (USDA) requirements and be natural. Animals fed organic pet food benefit from greater general health, less digestive issues, fewer skin allergies and aliments, better quality of life, and other health benefits.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗢𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:

https://www.alliedmarketresearch.com/request-sample/17291

The major players analyzed for global organic pet food industry are Avian Organics, Biopet Australia, Cargill, Diamond Pet Foods, Evanger's Dog & Cat Food Company, Inc., Harrison's Bird Foods, Hill's Pet Nutrition, Lily's Kitchen, Mars Inc., Natural Pet Food Group, Nestle, Newman's Own, Oxbow Animal Health, Party Animal, and PetGuard.

KEY FINDINGS OF STUDY

-> By pet type, the dogs segment was the highest revenue contributor to the market, with $8,562.0 million in 2021, and is estimated to reach $13,189.0 million by 2031, with a CAGR of 4.7%.

-> By food type, the dry food segment was the highest revenue contributor to the market, with $6,317.3 million in 2021, and is estimated to reach $9,563.7 million by 2031, with a CAGR of 4.5%.

-> Depending on sales channel, the specialized pet shops segment was the highest revenue contributor to the market, with $6,808.7 million in 2021, and is estimated to reach $10,327.3 million by 2031, with a CAGR of 4.5%.

-> Region wise, North America was the highest revenue contributor, accounting for $6,402.9 million in 2021, and is estimated to reach $9,549.3 million by 2031, with a CAGR of 4.3%.

𝗕𝘂𝘆 𝗡𝗼𝘄 & 𝗚𝗲𝘁 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁:

https://www.alliedmarketresearch.com/checkout-final/e606fa4d69be01078b04902f439dd4b5

The market for organic pet food is being propelled by increased pet ownership, the rapid humanization of pets, and the demand for therapeutic diets. Due to the new trend of "pet humanization," there is now more attention being paid to the fitness, weight, and general health of pets. As Italian pet owners believe that these foods are healthier for their animals, the demand for premium and super premium pet food products has increased significantly. As a result, these organic pet food market trends are boosting the market growth.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.