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A Deep Dive into Animal And Pet Food Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
A Deep Dive into Animal And Pet Food Market
In recent times, there has been significant growth in the size of the animal and pet food market. A sizeable increase from $351.54 billion in 2024 to $380.29 billion in 2025 is predicted, with a compound annual growth rate (CAGR) of 8.2%. This increase during the historical period is due to factors such as rising pet ownership, enhanced focus on animal health and well-being, the demand for premium and specialty products, expansion of retail distribution, and recommendations from veterinarians.
Expect significant growth in the animal and pet food market in the forthcoming years, with its value projected to reach $518.47 billion in 2029. This indicates a compound annual growth rate (CAGR) of 8.1%. The growth anticipated in the forecast period is due to various factors such as health-conscious pet owners, the surge in sustainable and eco-friendly products, and the rise in customized and personalized diets. Digital marketing and e-commerce, along with global market expansion, are also contributing to the growth. The major trends to watch out for within this period include grain-free and limited ingredient diets, an increase in protein-rich and meat-first formulations, an emphasis on natural and organic pet food, exploration of alternative protein sources, as well as functional and nutrient-enriched products.
What Is Contributing to the Growth of the Animal And Pet Food Market?
The continuing expansion of the animal and pet food market is bolstered by the anticipated consistent economic growth in numerous developed and developing nations. For example, the Organisation for Economic Co-operation and Development, a France-based global organization, projected in May 2024 that the worldwide GDP growth would maintain a steady pace of 3.1% in 2024, mirroring the previous year's rate, and is projected to rise marginally to 3.2% in 2025. The revival of commodity prices, after a notable drop in the past, will also presumably contribute to the market's expansion. Both developed and emerging economies are predicted to exhibit steady and slightly faster growth, respectively, throughout the projected period. This constant economic development is anticipated to spur investment in end-user markets, consequently propelling the market in the forecasted timeframe.
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Which Key Market Leaders Are Driving Animal And Pet Food Industry Growth?
Major companies operating in the animal and pet food market include Cargill Incorporated, Nestle S.A., New Hope Liuhe Co.Ltd., Charoen Pokphand Foods PCL, Bunge Limited, Diamond Pet Foods Inc., Mitsui & Co.Ltd., CJ Cheiljedang Corp, LandO'Lakes Inc., J.M.Smucker Company, Hill's Pet Nutrition Inc., Blue Buffalo Co Ltd., SCHELL & KAMPETER INC., Wellness Pet LLC, Sunshine Mills Inc., Merrick Pet Care, Ainsworth Pet Nutrition, LLC, Simmons Foods Inc., Tuffy's Pet Foods Inc., Natures Menu Ltd., American Nutrition Inc., Alphia, ADM Animal Nutrition Inc., NutriSource Pet Foods, Mid America Pet Food, KENT Corporation, KLN Family Brands, Nurture Farms, United Pet Group Inc., Eagle Mountain Pet Food, VICTOR premium pet food, Royal Canin SAS, Iams pet food, Eukanuba.
What Are the Emerging Trends in the Animal And Pet Food Industry?
Prominent pet food producers are integrating automation technologies like sophisticated production lines and software solutions to enhance safety and operational efficiency. Such technologies offer automation for formulation, extrusion, batching, drying, coating, and liquid delivery operations, leading to economical processing and uniform product quality. For instance, Champion Petfoods, a pet food manufacturer in Canada, employs video surveillance on its production lines and synchronizes its cooking procedures with Rockwell hardware and software systems. Additionally, the company utilizes mass storage bins and conveyance systems, votator heat exchangers, along with advanced extrusion and drying systems. United Pet Group utilized Rockwell Automation's FactoryTalk software at its pet food production plant in St. Louis, managing to slash overtime by 10% and boost labor productivity by 15%.
What Are the Main Segments in the Animal And Pet Food Market?
The animal and pet food market covered in this report is segmented -
1) By Type: Pet Food, Animal Food
2) By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic
3) By Distribution Channel: Super markets/Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Pet Food: Dog Food, Cat Food, Fish Food, Bird Food, Small Mammal Food
2) By Animal Food: Livestock Feed (Cattle, Poultry, Swine), Equine Feed, Aquaculture Feed, Specialty Animal Feed (Zoo Animals, Wild Animals)
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Which Geographic Area Leads the Animal And Pet Food Market?
Asia-Pacific was the largest region in the animal and pet food market in 2023. Western Europe was the second-largest in the animal and pet food market. The regions covered in the animal and pet food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is Covered In The Animal And Pet Food Global Market Report?
- Market Size Analysis: Analyze the Animal And Pet Food Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Animal And Pet Food Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Animal And Pet Food Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Animal And Pet Food Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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The Business Research Company
Europe: +44 207 1930 708
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Americas: +1 315 623 0293
Email: info@tbrc.info
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Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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