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Pet Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global pet food market was worth US$ 98.3 Billion in 2018, growing at a CAGR of 5.3% during 2011-2018. The market is further projected to reach a value of US$ 128.4 Billion by 2024, growing at a CAGR of 4.5% during 2019-2024. Over the years, the growing number of pet-owners has resulted in an extensive demand for pet food. Research and studies conducted by the manufacturers have also increased their knowledge of pet nutrition. In-line with this, they are now offering products which ensure palatability and meet the nutritional requirements of pets. Moreover, several pet food associations and federations have introduced strict legislation for the manufacturers to produce safe and high-quality pet food.

Global Pet Food Market Research Report

Global Pet Food Market Drivers:

As pet food helps in combating skin allergies and infections as well as improving the overall health and life expectancy of pets, the owners are increasingly looking for pet food products that address these health concerns. Manufacturers are also introducing products specific to the breed, age and size of pets in smaller, disposable, single-serve containers in order to offer convenience to both the pets and owners. Apart from this, pet food companies are developing organic variants which are made using ingredients that are grown without the use of pesticides, synthetic fertilizers, hormones or antibiotics. This has increased consumer’s interest in natural formulations, thereby increasing the potential of the companies to further diversify their offerings.

Global Pet Food Market Segmentation:

Breakup by Pet Type:

On the basis of pet types, the market is segmented into dog food, cat food and others. Currently, dog food dominates the market due to increasing dog ownership coupled with the rising pet humanization trend across the globe.

Breakup by Product Type:

Pet food Market By Product

Based on product types, dry pet food represents the most popular product type as it is more affordable and has a long-standing market presence. Dry pet food is followed by wet and canned pet food, and snacks & treats.

Breakup by Pricing Type:

The market is also categorized on the basis of pricing into mass products and premium products. Amongst these, mass products account for the majority of the global sales.

Breakup by Ingredient Type:

On the basis of ingredients, the report finds that animal-derived pet food is the leading segment, followed by plant-derived pet food.

Breakup by Distribution Channel:

Based on distribution channels, supermarkets and hypermarkets currently hold the largest share as they offer convenience to the consumers. They are followed by specialty stores, online stores and others. Among all the distribution channels, online stores are expected to exhibit a strong growth in the coming years.

Regional Insights:

Pet Food Market By Region

Region-wise, North America enjoys the leading position in the global pet food market on account of the growing pet adoption rate in the region. Other major regions include Asia-Pacific, Europe, Latin America, and Middle East and Africa.

Competitive Landscape:

The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

  • Mars Petcare Inc.
  • Nestlé Purina Pet Care
  • Hill's Pet Nutrition
  • The J.M. Smucker Company


This report provides a deep insight into the global pet food industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a pet food manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the pet food industry in any manner.

Key Questions Answered in This Report:

  • How has the global pet food market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global pet food market?
  • What are the major pet types in the global pet food market?
  • What are the various product types in the global pet food market?
  • What are the different pricing segments in the global pet food market?
  • What are the key ingredients in the global pet food market?
  • What are the major distribution channels in the global pet food market?
  • What are the price trends of pet food?
  • What are the various stages in the value chain of the global pet food market?
  • What are the key driving factors and challenges in the global pet food market?
  • What is the structure of the global pet food market and who are the key players?
  • What is the degree of competition in the global pet food market ?
  • What are the profit margins in the global pet food market ?
  • What are the key requirements for setting up a pet food manufacturing plant?
  • How is pet food manufactured?
  • What are the various unit operations involved in a pet food manufacturing plant?
  • What is the total size of land required for setting up a pet food manufacturing plant?
  • What are the machinery requirements for setting up a pet food manufacturing plant?
  • What are the raw material requirements for setting up a pet food manufacturing plant?
  • What are the packaging requirements for pet food?
  • What are the transportation requirements for pet food?
  • What are the utility requirements for setting up a pet food manufacturing plant?
  • What are the manpower requirements for setting up a pet food manufacturing plant?
  • What are the infrastructure costs for setting up a pet food manufacturing plant?
  • What are the capital costs for setting up a pet food manufacturing plant?
  • What are the operating costs for setting up a pet food manufacturing plant?
  • What will be the income and expenditures for a pet food manufacturing plant?
  • What is the time required to break-even?

1    Preface
2    Scope and Methodology

     2.1    Objectives of the Study
     2.2    Stakeholders
     2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
     2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
     2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

     4.1    Overview
     4.2    Key Industry Trends
5    Global Pet Food Industry
     5.1    Market Overview
     5.2    Market Performance
       5.2.1 Volume Trends
       5.2.2 Value Trends
     5.3    Price Analysis
       5.3.1 Key Price Indicators
       5.3.2 Price Structure
       5.3.3 Price Trends
     5.4    Market Breakup by Region
     5.5    Market Breakup by Pet Type
     5.6    Market Breakup by Product Type
     5.7    Market Breakup by Pricing Type
     5.8    Market Breakup by Ingredient Type
     5.9    Market Breakup by Distribution Channel
     5.10   Market Forecast
     5.11    Trade Data
       5.11.1    Imports
       5.11.2    Exports
     5.12    SWOT Analysis
       5.12.1    Overview
       5.12.2    Strengths
       5.12.3    Weaknesses
       5.12.4    Opportunities
       5.12.5    Threats
     5.13    Value Chain Analysis
        5.13.1   Raw Material Suppliers
        5.13.2   Manufacturers
        5.13.3   Distributors
        5.13.4   Exporters
        5.13.5   Retailers
        5.13.6   End-Users
     5.14    Porter’s Five Forces Analysis
       5.14.1   Overview
       5.14.2   Bargaining Power of Buyers
       5.14.3   Bargaining Power of Suppliers
       5.14.4   Degree of Competition
       5.14.5   Threat of New Entrants
       5.14.6   Threat of Substitutes
     5.15    Key Market Drivers and Success Factors
6    Performance of Key Regions
     6.1    North America 
           6.1.1 Market Trends
           6.1.2 Market Forecast
     6.2    Europe
           6.2.1 Market Trends
           6.2.2 Market Forecast
     6.3    Asia-Pacific
           6.3.1 Market Trends
           6.3.2 Market Forecast
     6.4    Latin America
           6.4.1 Market Trends
           6.4.2 Market Forecast
     6.5    Middle East and Africa
           6.5.1 Market Trends
           6.5.2 Market Forecast
7    Market by Pet Type
     7.1   Dog Food
           7.1.1 Market Trends
           7.1.2 Market Forecast
     7.2   Cat Food
           7.2.1 Market Trends
           7.2.2 Market Forecast
     7.3   Others
           7.3.1 Market Trends
           7.3.2 Market Forecast
8    Market by Product Type
     8.1   Dry Pet Food
           8.1.1 Market Trends
           8.1.2 Market Forecast
     8.2   Wet and Canned Pet Food
           8.2.1 Market Trends
           8.2.2 Market Forecast
     8.3   Snacks and Treats
           8.3.1 Market Trends
           8.3.2 Market Forecast
9    Market by Pricing Type
     9.1   Mass Products
           9.1.1 Market Trends
           9.1.2 Market Forecast
     9.2   Premium Products 
           9.2.1 Market Trends
           9.2.2 Market Forecast
10   Market by Ingredient Type
     10.1   Animal Derived
           10.1.1 Market Trends
           10.1.2 Market Forecast
     10.2   Plant Derived 
           10.2.1 Market Trends
           10.2.2 Market Forecast
11   Market by Distribution Channel
     11.1   Supermarkets and Hypermarkets
           11.1.1 Market Trends
           11.1.2 Market Forecast
     11.2   Specialty Stores 
           11.2.1 Market Trends
           11.2.2 Market Forecast
     11.3   Online Stores
           11.3.1 Market Trends
           11.3.2 Market Forecast
     11.4   Others
           11.4.1 Market Trends
           11.4.2 Market Forecast
12   Competitive Landscape
     12.1    Market Structure
     12.2    Market Breakup by Key Players
13   Pet Food Manufacturing Process
     13.1    Product Overview
     13.2    Detailed Process Flow
     13.3    Various Types of Unit Operations Involved
     13.4    Mass Balance and Raw Material Requirements
14   Project Details, Requirements and Costs Involved
     14.1    Land Requirements and Expenditures
     14.2    Construction Requirements and Expenditures
     14.3    Plant Machinery
     14.4    Raw Material Requirements and Expenditures
     14.5    Packaging Requirements and Expenditures
     14.6    Transportation Requirements and Expenditures
     14.7    Utility Requirements and Expenditures
     14.8    Manpower Requirements and Expenditures
     14.9    Other Capital Investments
15   Loans and Financial Assistance
16   Project Economics

     16.1    Capital Cost of the Project
     16.2    Techno-Economic Parameters
     16.3    Product Pricing and Margins Across Various Levels of the Supply Chain
     16.4    Taxation and Depreciation
     16.5    Income Projections
     16.6    Expenditure Projections
     16.7    Financial Analysis
     16.8    Profit Analysis
17   Key Player Profiles
     17.1     Mars Petcare Inc. 
     17.2     Nestlé Purina Pet Care
     17.3     Hill's Pet Nutrition
     17.4     Procter & Gamble Co.
     17.5     The J.M. Smucker Company

List of Figures

Figure 1: Global: Pet Food Market: Major Drivers and Challenges
Figure 2: Global: Pet Food Market: Volume Trends (in Million Tons), 2011-2018
Figure 3: Global: Pet Food Market: Value Trends (in Billion US$), 2011-2018
Figure 4: Pet Food Market: Price Structure (in US$/Ton)
Figure 5: Global: Pet Food Market: Average Price Trends (in US$/Ton), 2011-2018
Figure 6: Global: Pet Food Market: Breakup by Region (in %), 2018
Figure 7: Global: Pet Food Market: Breakup by Pet Type (in %), 2018
Figure 8: Global: Pet Food Market: Breakup by Product Type (in %), 2018
Figure 9: Global: Pet Food Market: Breakup by Pricing Type (in %), 2018
Figure 10: Global: Pet Food Market: Breakup by Ingredient Type (in %), 2018
Figure 11: Global: Pet Food Market: Breakup by Distribution Channel (in %), 2018
Figure 12: Global: Pet Food Market Forecast: Volume Trends (in Million Tons), 2019-2024
Figure 13: Global Pet Food Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 14: Global: Pet Food Market: Breakup by Key Players (in %)
Figure 15: Global: Dog and Cat Food Market: Import Volume Breakup by Country (in %), 2017
Figure 16: Germany: Dog and Cat Food Market: Import Volume Trends (in Tons), 2010-2017
Figure 17: Global: Dog and Cat Food Market: Export Volume Breakup by Country (in %), 2017
Figure 18: France: Dog and Cat Food Market: Export Volume Trends (in Tons), 2010-2017
Figure 19: Global: Pet Food Industry: SWOT Analysis
Figure 20: Global: Pet Food Industry: Value Chain Analysis
Figure 21: Global: Pet Food Industry: Porter’s Five Forces Analysis
Figure 22: North America: Pet Food Market (in Billion US$), 2011 & 2018
Figure 23: North America: Pet Food Market Forecast (in Billion US$), 2019-2024
Figure 24: Europe: Pet Food Market (in Billion US$), 2011 & 2018
Figure 25: Europe: Pet Food Market Forecast (in Billion US$), 2019-2024
Figure 26: Asia Pacific: Pet Food Market (in Billion US$), 2011 & 2018
Figure 27: Asia Pacific: Pet Food Market Forecast (in Billion US$), 2019-2024
Figure 28: Latin America: Pet Food Market (in Billion US$), 2011 & 2018
Figure 29: Latin America: Pet Food Market Forecast (in Billion US$), 2019-2024
Figure 30: Middle East and Africa: Pet Food Market (in Billion US$), 2011 & 2018
Figure 31: Middle East and Africa: Pet Food Market Forecast (in Billion US$), 2019-2024
Figure 32: Global: Dog Food Market: Value Trends (in Billion US$), 2011 & 2018
Figure 33: Global: Dog Food Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 34: Global: Cat Food Market: Value Trends (in Billion US$), 2011 & 2018
Figure 35: Global: Cat Food Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 36: Global: Other Pet Food Market: Value Trends (in Billion US$), 2011 & 2018
Figure 37: Global: Other Pet Food Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 38: Global: Pet Food Market: Dried Pet Food (in Billion US$), 2011 & 2018
Figure 39: Global: Pet Food Market Forecast: Dried Pet Food (in Billion US$), 2019-2024
Figure 40: Global: Pet Food Market: Wet and Canned Pet Food (in Billion US$), 2011 & 2018
Figure 41: Global: Pet Food Market Forecast: Wet and Canned Pet Food (in Billion US$), 2019-2024
Figure 42: Global: Pet Food Market: Snacks and Treats (in Billion US$), 2011 & 2018
Figure 43: Global: Pet Food Market Forecast: Snacks and Treats (in Billion US$), 2019-2024
Figure 44: Global: Pet Food Market: Mass Products (in Billion US$), 2011 & 2018
Figure 45: Global: Pet Food Market Forecast: Mass Products (in Billion US$), 2019-2024
Figure 46: Global: Pet Food Market: Premium Products (in Billion US$), 2011 & 2018
Figure 47: Global: Pet Food Market Forecast: Premium Products (in Billion US$), 2019-2024
Figure 48: Global: Pet Food Market: Animal Derived (in Billion US$), 2011 & 2018
Figure 49: Global: Pet Food Market Forecast: Animal Derived (in Billion US$), 2019-2024
Figure 50: Global: Pet Food Market: Plant Derived (in Billion US$), 2011 & 2018
Figure 51: Global: Pet Food Market Forecast: Plant Derived (in Billion US$), 2019-2024
Figure 52: Global: Pet Food Market: Sales through Supermarkets and Hypermarkets (in Billion US$), 2011 & 2018
Figure 53: Global: Pet Food Market Forecast: Sales through Supermarkets and Hypermarkets (in Billion US$), 2019-2024
Figure 54: Global: Pet Food Market: Sales through Specialty Stores (in Billion US$), 2011 & 2018
Figure 55: Global: Pet Food Market Forecast: Sales through Specialty Stores (in Billion US$), 2019-2024
Figure 56: Global: Pet Food Market: Online Stores (in Billion US$), 2011 & 2018
Figure 57: Global: Pet Food Market Forecast: Online Stores (in Billion US$), 2019-2024
Figure 58: Global: Pet Food Market: Other Distribution Channels (in Billion US$), 2011 & 2018
Figure 59: Global: Pet Food Market Forecast: Other Distribution Channels (in Billion US$), 2019-2024
Figure 60: Pet Food Manufacturing Plant: Detailed Process Flow
Figure 61: Pet Food Manufacturing Process: Conversion Rate of Feedstocks
Figure 62: Pet Food Manufacturing Plant: Packaging Requirements
Figure 63: Pet Food Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 64: Pet Food: Profit Margins at Various Levels of the Supply Chain
Figure 65: Pet Food Manufacturing Plant: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Pet Food Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Pet Food Market Forecast: Breakup by Region (in Billion US$), 2019-2024
Table 3: Global: Pet Food Market Forecast: Breakup by Pet Type (in Billion US$), 2019-2024
Table 4: Global: Pet Food Market Forecast: Breakup by Product Type (in Billion US$), 2019-2024
Table 5: Global: Pet Food Market Forecast: Breakup by Pricing Type (in Billion US$), 2019-2024
Table 6: Global: Pet Food Market Forecast: Breakup by Ingredient Type (in Billion US$), 2019-2024
Table 7: Global: Pet Food Market Forecast: Breakup by Distribution Channel (in Billion US$), 2019-2024
Table 8: Global: Pet Food Market: Competitive Structure
Table 9: Global: Pet Food Market: Key Players
Table 10: Global: Dog and Cat Food Market: Export Data of Major Countries, 2017
Table 11: Global: Dog and Cat Food Market: Import Data of Major Countries, 2017
Table 12: Pet Food Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 13: Pet Food Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 14: Pet Food Manufacturing Plant: Costs Related to Milling and Mixing Machinery (in US$)
Table 15: Pet Food Manufacturing Plant: Costs Related to Pre-Conditioning, Extrusion and Drying Machinery (in US$)
Table 16: Pet Food Manufacturing Plant: Costs Related to Coating/Flavouring and Cooling Machinery (in US$)
Table 17: Pet Food Manufacturing Plant: Costs Related to Packaging Line Machinery (in US$)
Table 18: Pet Food Manufacturing Plant: Summary of Machinery Costs (in US$)
Table 19: Pet Food Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (in US$/Ton)
Table 20: Pet Food Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 21: Pet Food Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 22: Pet Food Manufacturing Plant: Details of Financial Assistance Offered by Financial Institutions
Table 23: Pet Food Manufacturing Plant: Capital Costs (in US$)
Table 24: Pet Food Manufacturing Plant: Techno-Economic Parameters
Table 25: Pet Food Manufacturing Plant: Taxation and Depreciation (in US$)
Table 26: Pet Food Manufacturing Plant: Income Projections (in US$)
Table 27: Pet Food Manufacturing Plant: Expenditure Projections (in US$)
Table 28: Pet Food Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 29: Pet Food Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$) 
Table 30: Pet Food Manufacturing Plant: Profit and Loss Account (in US$)

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