Global Pet Food Market to Hit USD 218.6 Bn by 2035 | CAGR 6.2%

Metatech infographics: Smart data, market segments & future trends at a glance

• The Pet Food Market is valued at USD 112.8 Billion in 2024.
• The Pet Food Market will achieve USD 218.6 Billion by 2035 through a projected 6.2% CAGR from 2025 to 2035. Pet owners continue to humanize their pets and increase their pet numbers while choosing high-quality nutritious products which address their pet animals' specific dietary requirements.
• The pet food marketplace divides its product range into dogs and cats alongside additional food categories for pets. Customers who consider dogs part of their family pursue premium quality and functional dog food products which drives demand in the market.
• The Pet Food Market includes five product types namely Dry Food Wet Food Semi-moist Food Treats & Snacks and Raw Foods. The combination of pet humanization trends along with customer preferences for protein-rich palatable food products enables the wet pet food market to experience market growth.
• The Pet Food market segments its ingredients into three groups: animal-based ingredients and plant-based ingredients and specialty ingredients. The pet food market grows because owners choose plant-based products because of their natural composition as well as their allergen sensitivity protection characteristics and environmentally-friendly approach.
• The pet food market distribution includes four packaging types: Bags, Cans, Pouches and Bulk. People buying single-serve resealable food pouches for their pets have motivated manufacturers to innovate packaging solutions which attract customers. Online retail together with supermarkets and pet specialty stores and veterinary clinics form the distribution channels of the pet food market. Pet food manufacturers now gain momentum through e-commerce and doorstep delivery channels which boost sales on online retail platforms.
• The pet food industry exists in five geographic areas which include North America, Europe and Asia Pacific, Latin America and the Middle East & Africa. The European pet food market continues to grow because customers pursue natural and organic food products with added functional properties across various national territories.
• The Pet Food Market contains two primary actors along with minor competitors such as Mars Petcare, Nestle Purina, Hill’s Pet Nutrition and Royal Canin, Blue Buffalo, WellPet, Spectrum Brands among others. Mars Petcare together with Big Idea Ventures established a new initiative in August 2024 to help food startups create sustainable solutions for pet food in a collaborative effort. Through this program the scheme seeks to develop novel solutions and technological advancements for environmental troubles while satisfying increasing requirements for high-standard pet nutrition.

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