Organic Pet Food Market By Growth, Industry Size, Trends, Shares, By Top Players, And Forecast 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. The organic pet food market demand is growing globally as a result of evolving family structures and lifestyles that result in smaller pets and more pet ownership globally. 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.Request For Free Sample: https://www.alliedmarketresearch.com/request-sample/17291
Regional Outlook:
The region that dominated the global organic pet food market in 2021 was North America, and this dominance is anticipated to continue throughout the forecast period. The Asia-Pacific region is expected to experience the fastest growth during the forecast period. The Asia-Pacific region's growing urbanization and connectivity projects are major drivers of the organic pet food market.
Leading Key Players :
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.
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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%.
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The global organic pet food market is classified on the basis of pet type, food type, sales channel, and region. By pet type, the market is segmented into dogs, cats, and other pets. Among these, the dogs segment occupied the major share of the market in 2021, and is projected to maintain its dominance during the forecast period. The largest revenue was generated in 2021 as a result of the growing trend of nuclear families and their desire to keep dogs for companionship and protection.
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