Pet Food Market Share, Growth, Trends, Forecast (2018-2023)
Pet Food Market Share, Growth – Segmented by Product Type (Dry Pet Foods, Wet Pet Foods, Veterinary Diets, Treats/Snacks, Organic Product), by Animal Type (Dogs, Cats, Birds), by Ingredient Type (Animal-derived, Plant-derived, Cereals and Cereal Derivatives), by Sales Channel (Specialized Pet Shops, Internet Sales, Hypermarkets) – Trends, Forecast (2018-2023).

PUBLISHED

MAR 2018

Pet Food Market Share, Growth – Segmented by Product Type (Dry Pet Foods, Wet Pet Foods, Veterinary Diets, Treats/Snacks, Organic Product), by Animal Type (Dogs, Cats, Birds), by Ingredient Type (Animal-derived, Plant-derived, Cereals and Cereal Derivatives), by Sales Channel (Specialized Pet Shops, Internet Sales, Hypermarkets) – Trends, Forecast (2018-2023).

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Pet Food Market 

The Global Pet Food Market was estimated at a value of about USD 78.76 billion in 2017. The industry is forecasted to register a CAGR of 5.03%, during the forecast period.

Increasing Trend of Nuclear Family

Rapid urbanization and development of economic and professional constructs are the main reasons for the growing trend of nuclear families. The increasing urban nature of the society, which results in separation from farm animals and nature, is stimulating the desire to bring pets home. The market for pet food closely shadows the market for pets. The social comfort, company, security, and the aesthetic sense offered by pets are the main reasons cited for owning a pet.

The growth of one-person households and decline of families, have also led to seek pet companionship. People belonging to these social segments are a major boost for the market, as they tend to humanize pets to a great extent, thereby taking extra care of their diet and wellness.

The other aspect of nuclear families is the increase in the population of elderly people living alone. Reduced interaction with family and financial stability are factors, which promote pet adoption and their proper care, among the aging population.

Pet Food Market

Source: Insurance Information Institute

Pet Allergies

Various pet foods and related ingredients can be a major cause of skin diseases and allergies, in pets. Humanizing pets and indiscriminate feeding of available food products are the major reasons that lead to improper animal health and diseases. For example – cats are 100% carnivores and they lack the enzymes in their stomach to digest complex carbohydrates, like corn, wheat, soy, and other vegetable matter. Though dogs are a little tolerant to vegetation, excessive amounts of corn or wheat can cause allergies. Food allergies/intolerance among pets can be caused by a reaction to a particular ingredient, mostly by protein products, like beef, milk products, and fish.

Hence, safe and suitable pet products should be selected carefully. Other than corn and wheat, some of the other products that should not be a part of animal food are – soy, BHA/BHT, ethoxyquin, propylin glycol, and some by-products. Adding these products only worsen the health of the animal, and results in subsequent diseases. To aggravate the scenario, there are no strong regulations in the United States on the usage of these ingredients in pet foods. These animals are exposed to harmful chemicals and ingredients, which may cause severe diseases in pets.

Controlling the negative impact of food in the form of diseases and allergies is essential for the growth of the pet food industry. The major challenge here is to find and avoid the food ingredients responsible for skin and/or gastrointestinal conditions, allergies, and diseases.

Key Developments in the Pet Food Market:

Pet Food Market Major Players: 

  • Mars Inc.
  • Nestle Purina Pet Care.
  • Hills Pet Nutrition Inc.
  • Wellpet Llc.

Reasons to Purchase Pet Food Market Report:

  • Provides latest insight into the Global Pet Food Market
  • Gives a detailed analysis of the competitive landscape in the pet food industry, segmented by product, by pricing, by sales channel, by ingredient type, by animal type, and by geography
  • Analyses the market scenario with the help of Porter’s Five Forces Analysis
  • Forecasts the market volume and value by assessing the impact of the market drivers and constraints
  • 3-month analyst support, along with the Market Estimate sheet in excel

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1. Introduction

                1.1 Research Methodology

                1.2 General Study Assumptions

2. Research Methodology

                2.1 Introduction

                2.2  Analysis Methodology

                2.3 Study Assumptions

                2.4 Econometric Forecast Model

3. Executive Summary

4. Market Overview And Technology Trends

                4.1 Current Market Scenario

                4.2 Porter's Five Forces Analysis

                                4.2.1 Bargaining Power of the Suppliers

                                4.2.2 Bargaining Power of the Consumers

                                4.2.3 Threat of New Entrants

                                4.2.4 Threat of Substitute Products and Services

                                4.2.5 Competitive Rivalry within the Industry

5. Market Dynamics

                5.1 Pet Food Market Drivers

                                5.1.1 Pet Refinement/ Humanization Influencing the Purchasing Decisions

                                5.1.2 Changing Perception of Consumer Toward Pet Health

                                5.1.3 Increasing Trend of Nuclear Family

                                5.1.4 Channel Specific Product Development

                                5.1.5 Increasing Sales from Therapeutic Pet Food

                5.2 Pet Food Market Restraints

                                5.2.1 Issues with Regulatory System

                                5.2.2 Increasing Obesity in Pet

                                5.2.3 Pet Allergies

                5.3 Pet Food Market Opportunities

                                5.3.1 Growing Demand for Innovative Pet Food

                                5.3.2 Increasing Online Sales and Home Delivery

                                5.3.3 Growth in Demand for Natural and Organic Pet Foods

6. Global Pet Food Market Segmentation, by Product Type

                6.1 Dry Pet Foods

                6.2 Wet Pet Foods

                6.3 Veterinary Diets

                6.4 Treats/Snacks

                6.5 Organic Product

7. Global Pet Food Market Segmentation, by Pricing Type

                7.1 Economic Segment

                7.2 Premium Segment

                7.3 Super Premium Segment

8. Global Pet Food Market Segmentation, by Animal Type

                8.1 Dogs

                8.2 Cats

                8.3 Birds

                8.4 Others

9. Global Pet Food Market Segmentation, by Ingredient Type

                9.1 Animal-derived

                9.2 Plant-derived

                9.3 Cereals and Cereal Derivatives

                9.4 Others

10. Global Pet Food Market Segmentation, by Sales Channel

                10.1 Specialized Pet Shops

                10.2 Internet Sales

                10.3 Hypermarkets

                10.4 Othgrs (Grocery, Non-Grocery Stores)

11. Global Pet Food Market Segmentation, by Geography

                11.1 North America Pet Food Market (2018-2023)

                                11.1.1 United States Pet Food Market (2018-2023)

                                11.1.2 Canada Pet Food Market (2018-2023)

                                11.1.3 Mexico Pet Food Market (2018-2023)

                                11.1.4 Rest of North America

                11.2 Europe Pet Food Market (2018-2023)

                                11.2.1 Spain Pet Food Market (2018-2023)

                                11.2.2 United Kingdom Pet Food Market (2018-2023)

                                11.2.3 Germany Pet Food Market (2018-2023)

                                11.2.4 France Pet Food Market (2018-2023)

                                11.2.5 Italy Pet Food Market (2018-2023)

                                11.2.6 Rest of the Europe

                11.3 Asia-Pacific Pet Food Market (2018-2023)

                                11.3.1 China Pet Food Market (2018-2023)

                                11.3.2 India Pet Food Market (2018-2023)

                                11.3.3 Japan Pet Food Market (2018-2023)

                                11.3.4 Rest of the Asia-Pacific

                11.4 Rest of the World

12. Pet Food Market Competitive landscape

                12.1 Introduction

                12.2 Market Share Analysis

13. Pet Food Market Company profiles

                13.1 Mars Inc.

                13.2 Nestle SA (Purina)

                13.3 Colgate Palmolive ( Hill's Pet Nutrition)

                13.4 Uni-Charm Corp.

                13.5 Nutriara Alimentos Ltda

                13.6 InVivo NSA

                13.7 Yamahisa Pet Care

                13.8 Debifu Pet Products Co. Ltd

                13.9 Heristo AG

                13.10 Deuerer

                13.11 Wellpet

                13.12 J.M.Sucker (Big Heart)

                13.13 Diamond Pet Foods

                13.14 Blue Buffalo

                13.15 Merrick Pet Care

                13.16 Sunshine Mills

                13.17 Ainsworth Pet Nutrition

14. Disclaimer

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