US Pet Food Market Destined to Reach US$ 53.8 Billion (CAGR of 3.9%) During 2023-2028 | Latest Research Report

According to the latest report by IMARC Group, titled "US Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the US pet food market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The US pet food market size reached US$ 42.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 53.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.

Pet food refers to the specially formulated food products used to meet the nutritional requirements of pets, including dogs, cats, birds, and small mammals. It includes dry kibble, wet food, treats, and specialty diets catering to specific dietary needs or health conditions. They are produced using various ingredients, such as meat, poultry, fish, grains, vegetables, and additives. Pet food serves as the primary source of nutrition for pets and is essential for their growth, development, and overall health. It is a cost-effective, safe, and highly nutritious product that offers excellent palatability, digestibility, and nutritional balance. Pet food also aids in supporting gut health, promotes shiny coats and skin, strengthens the immune system, and prolongs life expectancy.

Request Free Sample Report: https://www.imarcgroup.com/us-pet-food-market/requestsample

Market Trends:

The increasing pet ownership rate is one of the primary factors strengthening the market growth in the United States (US). Pet foods are nutrient-dense products that aid in meeting the dietary requirements of pets, improve health, enhance performance, and increase their life expectancy. Along with this, the widespread product utilization owing to the emerging pet humanization trends is acting as another growth-inducing factor. Additionally, the implementation of strict regulations by the Government of the United States of America to ensure the safety, efficacy, and high standards of pet food is contributing to market growth.

Moreover, aggressive promotional and branding activities by manufacturers through social media, television (TV) commercials, and celebrity endorsements are supporting the market growth. Other factors, including growing expenditure capacities of consumers, increasing investment in the development of advanced formulations, and widespread product availability across online retail stores, are anticipated to drive market growth.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Market are Given Below:

• Nestlé Purina PetCare
• Mars Petcare Inc.
• Big Heart Pet Brands
• Hill's Pet Nutrition
• Diamond Pet Foods
• Blue Buffalo

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/us-pet-food-market

Key Market Segmentation:

Breakup by Pet Type:

• Dog Food
• Cat Food
• Others

Breakup by Distribution Channel:

• Supermarkets And Hypermarkets
• Specialty Stores
• Online
• Others

Breakup by Product Type:

• Dry Pet Food
• Wet And Canned Pet Food
• Snacks And Treats

Breakup by Pricing Type:

• Mass Products
• Premium Products

Breakup by Ingredient Type:

• Animal
• Plant-derived Segments

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.