Market Size of Dry Pet Food Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Dry Pet Food Market Analysis
The Dry Pet Food Market is poised to witness a CAGR of 5.1% during the forecast period. There is a growing trend of pet humanization globally. The American Pet Products Association estimated that more than 67% of households (84.9 million households) owned pets during 2020-21 in the United States, which is expected to grow further. Hence, pet food manufacturers are offering premium products targeted toward pet owners due to the increased parenting of pets.
The demand for dry pet foods is witnessing a huge demand compared to other pet food products as pet owners find these an easy and convenient food choice without compromising on the nutritional value. The ease of storing and feeding pets is driving higher demand for dry pet food among young and working urban pet owners worldwide.
Cats and dogs are the highest contributors to the dry pet food industry. According to the American Pet Products Association's (APPA) National Pet Owners Survey 2021-2022, almost 70% of households owned a pet. Also, it estimated that 54% of US households owned a dog, which has been significantly rising in the past five years. According to data from the European Pet Food Federation (FEDIAF), as of the end of 2021, 46% of European households owned pets, which equates to 90 million households. Cats and dogs remain the most popular pets; 25% of European Union (EU) households own at least one cat or dog. The growing popularity of cats and dogs indicates a higher demand for a diverse range of pet food supplies, which is expected to drive the market during the forecast period.
