Market Size of australia pet food Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 3.79 Billion |
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Market Size (2029) | USD 4.57 Billion |
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Largest Share by Pets | Dogs |
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CAGR (2024 - 2029) | 3.81 % |
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Fastest Growing by Pets | Dogs |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Australia Pet Food Market Analysis
The Australia Pet Food Market size is estimated at USD 3.79 billion in 2024, and is expected to reach USD 4.57 billion by 2029, growing at a CAGR of 3.81% during the forecast period (2024-2029).
3.79 Billion
Market Size in 2024 (USD)
4.57 Billion
Market Size in 2029 (USD)
3.89 %
CAGR (2017-2023)
3.81 %
CAGR (2024-2029)
Largest Market by Product
74.46 %
value share, Food, 2022
Pet owners prefer commercial dry and wet pet foods blended with functional ingredients to ensure optimal nutrition. This drives the share of food products.
Largest Market by Animal
43.39 %
value share, Dogs, 2022
The higher population of dogs and the increased demand for dry pet food, dog treats, and veterinary diets in the country have primarily contributed to the growth of the segment.
Fastest-growing Market by Product
11.59 %
Projected CAGR, Pet Nutraceuticals/Supplements, 2023-2029
The growing demand for vitamins and minerals, probiotics, and omega-3 fatty acids and rising awareness about preventive healthcare with nutraceuticals are increasing their usage.
Fastest-growing Market by Animal
4.37 %
Projected CAGR, Dogs, 2023-2029
The increasing pet ownership rates of dogs compared to other pets resulted in strong consumer demand for commercial pet food products in the country, driving the market's growth.
Leading Market Player
7.86 %
market share, Mars Incorporated, 2022
Mars, Incorporated is the market leader due to its effective marketing strategies, including partnerships and a large number of product innovations under multiple brands.
Dogs dominate the Australian pet food market due to their high population as pets in the country
- Australia is one of the most pet-loving countries globally, where pet parents consider pets an integral part of their family, thereby increasing the pet humanization trend in the country. In 2022, Australia accounted for 12.2% of the pet food market in Asia-Pacific, making it the third-largest country in the region. Most of the pet parents in Australia belong to the younger population group. For instance, in 2021, 70% of pet owners were Gen Zs in Australia.
- Even though Australia faced several problems, including drought, wildfires, and the COVID-19 pandemic in 2020, the pet food market in Australia grew by 17.2% between 2017 and 2021. This growth is associated with higher levels of pet humanization and increased pet adoption during the same period.
- In Australia, dogs have the major share of the pet food market, accounting for USD 1.6 billion in 2022. The higher share of dogs was because of their higher population, which accounted for 22.2% of Australia's pet population in 2022. Dogs are compatible with the climate and also suit the outdoor lifestyle of pet parents in the country, which is estimated to make dogs the fastest-growing pet segment, with a CAGR of 4.4% during the forecast period.
- Other animals and cats were major pets after dogs in 2022, where fish and birds were most adopted and found in the majority of households. They have a calming effect, stimulating the mental health of the entire house, thus making other pets the fastest-growing segment after dogs, with a CAGR of 3.3% during the forecast period.
- Thus, pet humanization and increasing pet adoption are estimated to drive the pet food market in Australia, which is expected to register a CAGR of 3.8% during the forecast period.
Understand The Key Trends Shaping This Market
