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Global Animal And Pet Food Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Animal And Pet Food
What Is the Animal And Pet Food Market Size and Projected Growth Rate?
The animal and pet food market size has experienced solid growth. It is forecasted to grow from $351.54 billion in 2024 to $380.29 billion in 2025 at a CAGR of 8.2%. The growth was driven by higher pet ownership, focus on animal wellness, demand for premium products, expanded retail presence, and veterinarian advice.
The animal and pet food market size is expected to see strong growth in the next few years. It will reach $518.47 billion by 2029 at a compound annual growth rate (CAGR) of 8.1%. Growth is attributed to health-conscious pet owners, sustainability and eco-friendly products, customized and personalized diets, digital marketing, and global market expansion. Key trends in the forecast period include grain-free and limited ingredient diets, protein-rich formulations, natural and organic pet food, alternative protein sources, and functional nutrient-enriched products.
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What Are the Major 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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What Are The Driving Animal And Pet Food Market Evolution?
Economic stability in both developed and developing countries is facilitating the growth of the animal and pet food market. According to the OECD in May 2024, global GDP is expected to hold steady at 3.1% in 2024 and rise slightly to 3.2% in 2025. Rebounding commodity prices and consistent growth in both mature and emerging markets are expected to lead to greater investments in the pet food sector, supporting continued market expansion.
Which Firms Dominate The Animal And Pet Food Market Segments?
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 Trends Are Expected to Dominate the Animal And Pet Food Market in the Next 5 Years?
Pet food manufacturers are adopting automation technologies to enhance safety and operational efficiency. These technologies, which include advanced production lines and software solutions, automate processes like formulation, extrusion, batching, drying, coating, and liquid delivery. This results in cost-efficient processing and consistent product quality. For example, Champion Petfoods, a Canadian pet food producer, uses video-monitored production lines with Rockwell hardware and software systems. United Pet Group's facility in St. Louis has employed FactoryTalk software from Rockwell Automation, which has helped reduce overtime by 10% and improved labor efficiency by 15%.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Animal And Pet Food Market?
2. What is the CAGR expected in the Animal And Pet Food Market?
3. What Are the Key Innovations Transforming the Animal And Pet Food Industry?
4. Which Region Is Leading the Animal And Pet Food Market?
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