Rising Pet Health Expenditure Fuels Growth In The Pet Snacks And Treats Market: A Key Factor Shaping the Future of the Pet Snacks And Treats Market in 2025

How Are the key drivers contributing to the expansion of the pet snacks and treats market?
The growth of the pet snacks and treats market is anticipated to be spurred by the escalating expenditure on pet health. This applies to the overall state and health of all domesticated pets, including dogs, cats, birds, and smaller mammals. Pet snacks and treats, used as incentives during training sessions, aid in maintaining dental health, and provide additional nutrients for a comprehensive diet. As per the data provided by the American Pet Products Association, a trade association based out of the US that provides insights into the pet care industry, the U.S. pet care spending hit $147 billion in 2023. Of this, pet food and treats accounted for $64.4 billion, supplie, live animals, and OTC medicine comprised $32 billion, $38.3 billion was spent on vet care and product sales, and $12.3 billion was spent on other services like boarding, grooming, and training. Hence, the upward trend of expenditure on pet health is fueling the expansion of the pet snacks and treats market.

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What growth opportunities are expected to drive the pet snacks and treats market's CAGR through 2034?
The market for pet snacks and treats has experienced a significant expansion in recent years. The market size is projected to increase from $47.55 billion in 2024 to $53.27 billion in 2025, with a compound annual growth rate (CAGR) of 12.0%. The historic growth of the market can be traced back to factors such as sustainability and ethical commerce, pet training and behavior-focused treats, a wide range of product diversity and varieties, and the impact of social media.

The market size for pet snacks and treats is projected to experience a swift expansion in the upcoming years, reaching an estimated worth of $85.99 billion by 2029 with a compound annual growth rate (CAGR) of 12.7%. This growth during the forecast period can be associated with factors such as increased pet adoption, treating pets as family members, attention to health and wellness, high-end pet product trends, urbanization, and hectic lifestyles. Key trends for the forecast period are anticipated to encompass packaging novelty, dental treats with functional benefits, culturally and regionally varied products, treats that encourage interaction and enrichment, and the use of cb*d and hemp.

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What are the most significant trends transforming the pet snacks and treats market today?
A primary trend emerging in the pet snacks and treats market is product innovations. Dominant businesses in this market are concentrating on building inventive products to uphold their market standing. For example, in May 2022, Wellness Pet Company, an American pet food firm, introduced Good Dog by Wellness, a line of completely natural dog treats. Good Dog - Happy Puppy treats have been particularly crafted as grain-free snacks for puppies that are growing. Comprising triple puppy care and key constituents like vegetables and omega-rich flaxseed, these small treats facilitate brain development, immune health, and overall wellness. They also provide pet owners a range of choices to meet specific health and training requirements, such as encouraging proper conduct in a young puppy or preserving the holistic health of dogs at all age stages.

Which growth-oriented segments of the pet snacks and treats market are leading the industry's development?
The pet snacks and treats market covered in this report is segmented -

1) By Product: Eatables, Chewable
2) By Category: Conventional, Organic
3) By Pet Type: Dogs, Cats, Birds, Fish, Other Pets
4) By Distribution Channel: Super markets And Hyper markets, Specialty Pet Stores, Online, Other Distribution Channels

Subsegments:
1) By Eatables: Soft Treats, Hard Biscuits, Freeze-Dried Treats, Meal Enhancers
2) By Chewable: Bones, Dental Chews, Rawhide Treats, Chew Sticks

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What regions are leading the charge in the pet snacks and treats market?
North America was the largest region in the pet snacks and treats market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet snacks and treats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What companies are at the forefront of innovation in the pet snacks and treats market?
Major companies operating in the pet snacks and treats market include Cargill Incorporated, Nestle S.A., Mars Incorporated, General Mills Inc., The J.M. Smucker Company, Unicharm Corporation, Spectrum Brands Holdings Inc., Hill's Pet Nutrition Inc., Big Heart Pet Brands Inc., Diamond Pet Foods Inc., Blue Buffalo Co. Ltd., Affinity Petcare S.A., Freshpet Inc., Schell & Kampeter Inc., Sunshine Mills Inc., Champion Petfoods LP, WellPet LLC, American Pet Nutrition Inc., Redbarn Pet Products LLC, BARK Inc., NutriSourcePet, Simmons Pet Food Inc., Ainsworth Pet Nutrition LLC, Addiction Foods LLC, Newman's Own Inc., Castor & Pollux Private Limited, Old Mother Hubbard, Charlee Bear Products LLC, Cloud Star, Canidae.

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What Is Covered In The Pet Snacks And Treats Global Market Report?

• Market Size Forecast: Examine the pet snacks and treats market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the pet snacks and treats market for a structured understanding.
• Key Players Overview: Analyze major players in the pet snacks and treats market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pet snacks and treats market.
• Segment Contributions: Evaluate how different segments drive overall growth in the pet snacks and treats market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pet snacks and treats market.
• Industry Challenges: Identify potential risks and obstacles affecting the pet snacks and treats market.
• Competitive Landscape: Review strategic developments in the pet snacks and treats market, including expansions, agreements, and new product launches.

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