The Global Pet Food Market is Expected to Grow At a CAGR of 5.11% From 2022 to 2030, Reaching a Market Size of 163.7 billion By 2030.

As per their dietary needs, pet food is a specific food for domesticated animals that contains meat, meat byproducts, grains, vitamins, and minerals.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/sample/Food-Beverage/pet-food-market/25805

The Global Pet Food Market size was valued at USD 115.5 billion in 2022 and is expected to reach USD 163.7 billion by 2030, recording a CAGR of 5.11% during the forecast period. As the number of pet owners has grown over time, there has been a noticeable rise in the demand for pet food. The producers' own research and studies have improved their understanding of pet nutrition. In keeping with this, they are now providing products that guarantee flavor and fulfill pets' nutritional needs.

During the lockdown, people worked from home and took advantage of the opportunity to get a family pet. Numerous studies have revealed that since pets keep people company, pet owners report fewer problems such as loneliness and despair. Dog breeders and rescue groups reported an increase in requests from persons looking to adopt dogs in the first few months of 2020. All these factors have ultimately led to an increase in the demand for pet food across the globe.

𝐒𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬/𝐡𝐲𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐇𝐨𝐥𝐝 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐃𝐮𝐞 𝐭𝐨 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞

On the basis of the distribution channel, the global pet food market is segmented into supermarkets/hypermarkets & online. As pet food is readily available there and since customers prefer to touch and inspect products before making a purchase, the supermarkets/hypermarkets segment is predicted to hold the largest share of the global pet food industry.

This dominance can be used to explain why a considerable portion of consumers choose to buy products from large retail locations where they have a wide range of brand and price options. The segment is likely to grow as a result of specialized pet food retail outlets' attractive shelf displays and the increased availability of unique, custom-made, and high-end pet food products there.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂@ https://www.extrapolate.com/Food-Beverage/pet-food-market/25805

𝐏𝐞𝐭 𝐇𝐮𝐦𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐞𝐚𝐫 𝐅𝐮𝐭𝐮𝐫𝐞

Pet humanization is a term that is becoming increasingly used in the pet industry to describe how pet owners try to give their animals experiences or products that are similar to those humans enjoy. As pet owners consider their animals to be members of the family, they seek pet food that offers nutritional benefits, premium ingredients, enhanced digestibility, and animal safety.

This trend is helping to increase the market for high-quality pet diets with excellent nutritional values. The humanization of pets has led to a greater understanding of healthy dietary habits. Long-term market growth is predicted to be primarily driven by premiumization and humanization trends over the projection period.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐄𝐱𝐩𝐚𝐧𝐝 𝐓𝐡𝐞𝐢𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐑&𝐃 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬

New business-to-business websites are being introduced by leading businesses in the global pet food sector, where clients can receive discounts on the products advertised. In order to meet the growing demand from customers, major firms are expanding their investments in research and development operations.

𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐩𝐞𝐭 𝐟𝐨𝐨𝐝 𝐦𝐚𝐫𝐤𝐞𝐭
-Mars Incorporated
-Nestle S.A.
-The J.M. Smucker Company
-Colgate-Palmolive Company
-General Mills, Inc.
-Diamond Pet Foods
-Heristo AG
-Tiernahrung Deuerer GmbH
-Merrick Pet Care, Inc.
-WellPet LLC
-The Hartz Mountain Corporation
-Hill's Pet Nutrition, Inc
-Lupus Alimentos
-Total Alimentos SA
-Blue Buffalo Pet Products, Inc.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 -
● Mars Incorporated committed $200 million in March 2021 to the expansion of its Royal Canin facility in Lebanon. The business will invest in five new corporate lines to boost its production capability.
● Nestle S.A. has stated that it will invest USD 550 million to increase the size of its Georgian pet food manufacturing factory.

𝐓𝐡𝐞 𝐏𝐞𝐭 𝐅𝐨𝐨𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧:

𝐁𝐲 𝐅𝐨𝐫𝐦
-Dry
-Wet
-Semi-moist

𝐁𝐲 𝐒𝐨𝐮𝐫𝐜𝐞
-Animal-based
-Plant-based

𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
-Supermarkets/Hypermarkets
-Specialty Pet Food Stores
-Online
-Others

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧
-North America- U.S., Mexico, Canada
-Europe- UK, France, Germany, Italy
-Asia-Pacific- China, Japan, India
-Latin America- Brazil, Argentina, Colombia
-The Middle East and Africa- United Arab Emirates, Saudi Arabia

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/enquire/Food-Beverage/pet-food-market/25805

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐬 𝐚 𝐑𝐞𝐬𝐮𝐥𝐭 𝐨𝐟 𝐑𝐢𝐬𝐢𝐧𝐠 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐏𝐞𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐠𝐢𝐨𝐧

North America is predicted to become the largest market for pet food on account of the presence of important competitors and the rising adoption of pets in American households. Approximately 85 million American households, or 67 percent of all households in the US, own a pet, according to a poll conducted by the American Pet Products Association (APPA). The market for healthy pet food is growing as a result of North American consumers' positive attitudes toward pet humanization and their broad acceptance of it.

However, Europe is predicted to experience the fastest growth rate over the projection period due to increased expenditure on safe and sustainable pet food as a result of the pet humanization trend. Additionally, European pet owners want more clarity on the ingredients of pet food products. The United Kingdom is the largest market for pet food in Europe, followed by Germany and France.

𝐓𝐀𝐁𝐋𝐄 𝐎𝐅 𝐂𝐎𝐍𝐓𝐄𝐍𝐓𝐒:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Pet Food Market
Chapter 5. Global Pet Food Market Overview, By Animal Type, 2017 - 2030(USD Million)
Chapter 6. Global Pet Food Market Overview, By Form, 2017 - 2030(USD Million)
Chapter 7. Global Pet Food Market Overview, By Source, 2017 - 2030(USD Million)
Chapter 8. Global Pet Food Market Overview, By Distribution Channel, 2017 - 2030(USD Million)
Chapter 9. Global Pet Food Market Overview, By Geography, 2017 - 2030(USD Million)
Chapter 10. North America Pet Food Market Overview, By Countries, 2017 - 2030(USD Million)
....Continued

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