US Pet Food Market Analysis and Growth Forecast by Arizton Advisory & Intelligence

The pet food market in US is expected to cross $34 billion, growing significantly with a CAGR close to 4% during the period 2017−2022. The market is expected to increase both in terms of volume and revenues.

The number of households, in the US, with pets is more than the number of households with kids. ‘Pet parenting’ is witnessing a rapid and substantial growth in the US.

This trend has significantly increased the spending on pets and their edibles, primarily by the millennials and baby boomers. This trend is expected to continue over the next few years and propel growth in the pet food market in the US.

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The report also provides a holistic view of the market and highlights the diversity, competitive dynamics, and intensity of competition in the pet food market across the US. It provides visibility about manufacturers in the market, factors driving the growth of the market, and information about the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. The report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the market.

Pet Food Market in US: Key Vendor Analysis
The competition among manufacturers in the market is intensifying as both private labels and internal brands are working aggressively towards establishing their position in the market. Increasing competition in the market is also leading to increased M&A activities.

With international players increasing their footprint in the market, backed by cutting-edge infrastructure and R&D support, regional and local vendors will find it increasingly difficult to compete in terms of reliability, technology, and price.

The report profiles the leading players in the market and provides a complete value chain analysis of the market. Strength, strategies, opportunities, and product offerings of the major manufacturers of pet food in the US, are discussed in the report.

Major vendors profiled in the report are as following:

Mars
Nestlé
The J.M. Smucker Company
Colgate-Palmolive

Other vendors include Ainsworth Pet Nutrition, American Nutrition, Bil-Jac Foods, Blue Buffalo Pet Products, Elmira Pet Products, Fromm Family Foods, Hubbard Feeds, Halo- Purely For Pets, Petcurean Pet Nutrition, Rush Direct.

Pet Food in US Market : Dynamics

The demand for healthy as well as premium and super-premium foods to drive market growth

The spending on pets is increasing exponentially in the US and with it is the demand for foods for them. The demand for organic, non-GMO, low-carb and other such healthy food options for pets is increasing with the increase in the number of owners treating pets as family and demanding healthy food for their pets. The demand for premium and super-premium pet food is also on the rise. Similarly, the increasing trend of getting online customized food for pets is going to boost the market.

Increasing popularity of the ‘pet parenting’ trend prevalent among millennials and growing adoption of shelter animals are expected to drive the growth of the pet food market in the US over the next five years.

Pet Food Market in US: Segmental Analysis

The dog food segment to lead the pet food market in the US

The number of dogs adopted is increasing in the US. With increased adoption of dogs, the demand for dog food is expected to grow as well. The dog food segment is expected to cross $25 billion by 2022, followed by the cat food segment. The cat food segment will, however, record a faster growth rate at a CAGR of 4% over the period 2017-2022.

From the product type perspective, the dry pet food segment dominated the pet food market in US in 2016. Over the next five years, the dry, wet food, and pet treats segments are expected to witness significant growth.

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About Arizton Advisory & Intelligence
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Arizton Advisory & Intelligence
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