Dog And Cat Food Market Key Trends And Competitor Analysis Report 2024-2033

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..

Market Overview -
Dog and cat food refers to any feed prepared and distributed for consumption by dogs or cats and formulated according to their nutritional needs. They are used to provide more calories and nutrients.

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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. .

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.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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