Press release
Rising Pet Ownership and Urban Trends: A Key Driver Transforming the Pet Food Market 2024
Pet Food Market
The global pet food market reached a value of nearly $68,793.91 million in 2023, having grown at a compound annual growth rate (CAGR) of 5.87% since 2018. The market is expected to grow from $68,793.91 million in 2023 to $98,173.60 million in 2028 at a rate of 7.37%. The market is then expected to grow at a CAGR of 7.05% from 2028 and reach $138,030.66 million in 2033.
What are the upcoming opportunities in the global pet food market?
The key players in the market are adopting extensive strategies in the pet food market such as:
• Expanding business expertise through strategic partnerships
• Strengthening operational capabilities through strategic acquisitions
Get The Complete Scope Of The Report
https://www.thebusinessresearchcompany.com/report/pet-food-global-market-report
To take advantage of the opportunities, The Business Research Company recommends that pet food companies focus on:
• Integration of artificial intelligence in production for tailored nutrition and improved product quality
• Vet-formulated meals designed to support immunity and digestion in companion animals
• Innovative dog treats using microbial protein to enhance nutritional acceptance and digestibility in canine diets
• Launch of fair trade pet treats made from human-grade fish skins, promoting sustainability and nutrition
• Strategic collaborations and partnerships to expand reach and capabilities
• Premium pet food brands focusing on quality and efficiency in pet food production
• Creating tasteful and health-conscious meal options to support pet well-being
• Automated feeding solutions to improve efficiency in quality indicator testing for food safety laboratories
• Innovative online platforms for managing pet product inventory and enhancing customer satisfaction
What is pet food: market definition?
Pet food refers to specially formulated food products designed to meet the dietary needs of domestic animals, primarily dogs and cats. Pet food is essential for the health and well-being of pets, providing them with the nutrients, vitamins and minerals they need for proper growth, development and maintenance.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report
https://www.thebusinessresearchcompany.com/sample_request?id=3339&type=smp
Who are the major companies operating in the global pet food market?
The global pet food market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 81.82% of the total market in 2023. Nestlé Purina Pet Care (Nestlé SA) was the largest competitor with a 32.08% share of the market, followed by:
• Mars Petcare Inc
• Hill's Pet Nutrition Inc
• General Mills Pet
• The J.M. Smucker Company
• Diamond Pet Foods
• Unicharm Group
• United Petfood
• Spectrum Brands Holdings Inc (United Pet Group)
• Freshpet Inc
We Offer Customized Report, Click Here
https://www.thebusinessresearchcompany.com/Customise?id=3339&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Pet Ownership and Urban Trends: A Key Driver Transforming the Pet Food Market 2024 here
News-ID: 3729570 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Pet
Pet Travel Services Market Is Booming So Rapidly | RoyalPaws, Pet Port, Pet Oasi …
The Global Pet Travel Services Market Size is estimated at $2.8 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 8.6% to reach $5.9 Billion by 2034.
The latest study released on the Global Pet Travel Services Market by USD Analytics Market evaluates market size, trend, and forecast to 2034. The Pet Travel Services market study covers significant research data and proofs to be a handy…
Pet Carriers Market is Booming Worldwide | K&H Manufacturing, Sherpa Pet, Quaker …
Worldwide Pet Carriers Market In-depth Research Report 2024, Forecast to 2030 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Worldwide Pet Carriers Market. Some of the key players profiled in the study are K&H Manufacturing…
Pet Air Shipping Service Market Growth Expected to See Next Level: Pet Travel, P …
Latest Study on Industrial Growth of Global Pet Air Shipping Service Market 2024-2030. A detailed study accumulated to offer the Latest insights about acute features of the Pet Air Shipping Service market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study…
Pet Shops Market 2023- Industry Comprehensive Understanding | PETSMART, PETCO, P …
The Pet Shops market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development…
Pet Bag Market Set for More Growth : Gen7Pets, Sherpa Pet, Quaker Pet
Advance Market Analytics published a new research publication on "Pet Bag Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Pet Bag market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Pet Veterinary Diets Market 2019 Industry Dynamics - Mars, Farmina Pet Foods, Ni …
Recent market research study Global Pet Veterinary Diets Market 2019-2024 now available with Fior Markets provides a comprehensive market analysis based on past and current situation of the market. The report covers future trends, current growth drivers, thoughtful insights, facts, market valuation, competitive spectrum, regional share, and revenue predictions. The report shows the market size, share, business growth enhancers, and obstructers, prior and current trends being followed by the market.…
