Future Perspectives: Key Trends Shaping the Animal and Pet Food Market Until 2030

The animal and pet food market is on a trajectory of significant expansion, driven by evolving consumer preferences and advancements in nutrition science. As pet owners become more conscious of health and sustainability, the market is adapting with innovative products and ingredients. Below, we explore the market size, leading companies, emerging trends, and key segments shaping this vibrant industry.

Projected Market Size and Growth of the Animal and Pet Food Market
The animal and pet food market is expected to reach a value of $530.44 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.8%. This robust growth is fueled by several factors, including a rising demand for health-oriented pet food formulations, increased adoption of sustainable feed ingredients, the expansion of e-commerce channels for pet food sales, and a growing interest in alternative protein sources. Additionally, investment in feed innovation is playing a pivotal role. Notable trends during this period include greater demand for premium pet nutrition, wider use of functional feed ingredients, development of specialized diet formulas, heightened emphasis on ingredient transparency, and more customizable product options tailored to individual pet needs.

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Leading Market Players Driving the Animal and Pet Food Industry
Several major corporations dominate the animal and pet food market, including 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, Land O'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, and Eukanuba. These companies are instrumental in shaping market trends and innovation.

Significant Acquisition Strengthening Global Reach in the Animal and Pet Food Market
In October 2025, LT Foods, an Indian packaged foods and staple provider, acquired Global Green Europe Kft, a Hungary-based supplier of food products and services, for €25 million (approximately US$29.0 million). This strategic move is designed to strengthen LT Foods' international presence and expand its footprint within the European market. The acquisition allows LT Foods to leverage Global Green Europe Kft's established regional operations and enhance its competitive positioning in the food sector.

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Strategic Collaborations Enhancing Nutrition and Sustainability in the Market
Key players in the animal and pet food industry are increasingly forming strategic partnerships to secure high-quality protein and oil sources aimed at boosting pet nutrition and overall health. Strategic partnerships enable companies to combine resources and expertise for mutual growth. For example, in August 2024, France-based agro-industrial firm Innovafeed, which specializes in converting organic waste into insect protein for animal and pet nutrition, partnered with US companies Jiminy's and Arch. Together, they are developing environmentally sustainable insect protein products for dogs and cats under the HiluciaTM brand. This label highlights the products' reduced environmental footprint-achieving at least 50% fewer greenhouse gas emissions compared to traditional proteins-while delivering high nutritional value, including 60% protein content and essential fatty acids critical for optimal pet health.

Animal and Pet Food Market Segmentation and Distribution Channels
This market can be segmented in several ways:
1) By Type: Pet Food and Animal Food
2) By Ingredients: Animal Derivatives, Plant Derivatives, and Synthetic
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, and Other Channels

Further segmentation includes:
- Pet Food types: Dog Food, Cat Food, Fish Food, Bird Food, Small Mammal Food
- Animal Food types: Livestock Feed, Equine Feed, Aquaculture Feed, and Specialty Animal Feed

These divisions provide a comprehensive framework for understanding the diverse product offerings and distribution methods within the global animal and pet food industry.

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This release was published on openPR.