Dog And Cat Food Market Demand, Size, Share, Trends And Forecast 2024-2033

The Business Research Company recently released a comprehensive report on the Global Dog And Cat 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.

According to The Business Research Company's, 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.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/dog-and-cat-food-global-market-report

Market Drivers and Trends:

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.

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.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=9626&type=smp

Major Key Players of the Market:

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.

Dog And Cat Food Market 2024 Key Insights:

• The dog and cat food market will grow to $84.48 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
• Rising Pet Adoption Fosters Growth In The Dog And Cat Food Market
• Product Innovation Takes Center Stage In Dog And Cat Food Markets
• North America was the largest region in the dog and cat food market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=9626&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.