Dog And Cat Food Market Outlook 2024: Exclusive Report By The Business Research Company

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2257

The Business Research Company offers in-depth market insights through Dog And Cat Food Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The dog and cat food market size has grown strongly in recent years. It will grow from $58.57 billion in 2023 to $62.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to traditional pet ownership culture, convenience and busy lifestyles, pet humanization trend, vet-recommended diets, increasing urbanization..

The dog and cat food market size is expected to see strong growth in the next few years. It will grow to $84.48 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to health and wellness focus, premiumization and specialized diets, e-commerce growth, sustainable and ethical pet food choices, customization and personalization.. Major trends in the forecast period include health and wellness focus, rise of alternative proteins, increased emphasis on transparency, aging pet population and specialty diets, innovations in packaging..

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Market Segmentation:
The dog and cat food market covered in this report is segmented -

1) By Food Type: Dry Food, Wet Food, Treat And Snacks, Other Food Types
2) By Nature: Organic, Conventional
3) By Sales Channel: Supermarkets And Hypermarkets, Specialized Pet Shops, Online, Other Sales Channels

Major Driver - Rising Pet Adoption Fosters Growth In The Dog And Cat Food Market
The rising pet adoption is expected to propel the growth of the dog and cat food market going forward. Pet adoption refers to the act of adopting a pet from a prior owner who has abandoned it or given it to a shelter. It involves taking custody of and assuming responsibility for the animal. Pet adoption increases the demand for dog and cat food to fulfil the nutritional requirement of the pets, so rising pet adoption will propel market growth. For instance, in 2021, according to Chewy Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US 2021, which resulted in the highest adoption rate of 61% in the past six years. Therefore, the rising pet adoption is driving the dog and cat food market.

Competitive Landscape:
Major companies operating in the dog and cat food market report are Nestlé Purina PetCare Company, The J.M. Smucker Company, Evanger's Dog & Cat Food Company Inc., Procter & Gamble Company, Hill's Pet Nutrition Inc., Del Monte Foods Inc., Affinity Petcare S.A., Nutro Products Inc., Unicharm PetCare Corp., Total Alimentos S.A., Nutriara Alimentos Ltd., Party Animal Inc., Rollover Pet Food Ltd., Burgess Group plc, Freshpet Inc., Mars Inc., Colgate-Palmolive Company, Diamond Pet Foods Inc., Blue Buffalo Company Ltd., WellPet LLC, Merrick Pet Care Inc., Ainsworth Pet Nutrition LLC, Champion Petfoods LP, Royal Canin USA Inc., Iams Company, Eukanuba Inc., Friskies PetCare Company, 9Lives, Sheba Company, Meow Mix Co. .

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Top Trend - Product Innovation Takes Center Stage In Dog And Cat Food Markets
Product innovations are a key trend gaining popularity in the dog and cat food markets. Major companies operating in the dog and cat food market are focused on developing innovative products to strengthen their market position. For instance, in September 2023, Omni Pet Ltd., a UK-based provider of plant-based pet food, launched Meat-Style Wet Food. The new range is designed to provide dogs with the same taste and texture of meat while still being 100% plant-based. The new Meat-Style Wet Food range is made with high-quality plant-based ingredients, including soy protein, pea protein, and lentils. The food is also fortified with essential vitamins and minerals to ensure that dogs are getting the nutrients they need. The food can be purchased in either a can as a full meal or as a topper sachet to be combined with dry food.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Dog And Cat Food Market Characteristics
3. Dog And Cat Food Market Trends And Strategies
4. Dog And Cat Food Market - Macro Economic Scenario
5. Dog And Cat Food Market Size And Growth
…..
27. Dog And Cat Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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