Organic Pet Food Market Size, Trends And Growth Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Organic Pet Food Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The organic pet food market size has grown strongly in recent years. It will grow from $20.95 billion in 2023 to $22.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increased demand for pet food in various regions, increased consumer awareness for pet health, consumer spending on healthcare, increased population treats their pets, increased spending toward pet foods, the increased organic pet food sales.

The organic pet food market size is expected to see strong growth in the next few years. It will grow to $29.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the large pet population, rising pet owner spending on healthy and organic food, rising disposable income, the rise in millennial pet owners, growing consumer awareness of pet health issues. Major trends in the forecast period include investments in high-quality pet food products, rising tendency of customers to consider dogs, cheap and affordable for many dog owners, the increased customer inclination, innovation in pet food product.

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Market Drivers and Trends:

The increasing pet ownership is expected to propel the growth of the organic pet food market going forward. Pet ownership refers to having an animal, typically a domesticated species, under one's care and responsibility for companionship, work, or recreational purposes. The increase in pet ownership is due to social trends, urbanization, and the number of young adults delaying parenthood. Organic pet food often contains high-quality ingredients without artificial additives, reducing the likelihood of allergies and skin problems in pets and enhancing the overall experience of pet ownership, making it more fulfilling and responsible. For instance, in June 2021, according to the American Pet Products Association (APPA), a US-based not-for-profit industry association, between 2021 and 2022, the percentage of U.S. households with pets rose from an estimated 67% to 70%. However, from 2023 to 2024, approximately 66% of U.S. households, equivalent to 86.9 million households, have pets. Therefore, increasing pet ownership drives the organic pet food market.

Major companies operating in the organic pet food market are focusing on developing innovative products, such as bio-organic and superfood products, to enhance pet well-being and differentiate themselves in a competitive market. Bio-organic and superfood concepts are combined in pet food products that offer a powerful mix of organic integrity and enhanced nutrition. This approach ensures that pets receive clean, sustainably produced food with added health benefits, contributing to their overall well-being and longevity. For instance, in July 2023, The Rockster, a Scotland-based dog food company, launched bio-organic superfood products for dogs in the United States. These products are crafted to offer a high-quality, nutritious diet for dogs, utilizing only premium, human-grade ingredients. They are certified bio-organic and ensure 100% transparency and traceability of their components, detailing the specific parts of the animal used and the pesticide-free soil in which the crops are cultivated.

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Major Key Players of the Market:

Nestlé S.A., Archer Daniels Midland Company, General Mills Inc., Mars Petcare Inc., Newman's Own Inc., Purina, Hill's Pet Nutrition Inc., Merrick Pet Care, Stella & Chewy's LLC, Primal Pet Foods Inc., GA Pet FoodPartners, Heristo AG, Lily's Kitchen, Castor & Pollux Natural Petworks, Party Animal Inc., Grandma Lucy's, Biopet Ltd., Kelly & Company, PetGuard Holdings LLC, The Harrison's Bird Foods Co., Himalaya Wellness Co, Organic Pet Boutique, Benevo

Organic Pet Food Market 2024 Key Insights:

• The organic pet food market size is expected to see strong growth in the next few years. It will grow to $29.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
• The Impact Of Rising Pet Ownership On The Organic Pet Food Market
• Organic Pet Food Companies Focus On Product Innovation To Gain Competitive Advantage
• North America was the largest region in the organic pet food market in 2023

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