Global Pet Food Market Expected to Reach USD 192.8 Billion by 2033, North America Led with 42.5% Market Share in 2024 - IMARC Group

Global Pet Food Market Statistics, Outlook and Regional Analysis 2025-2033

The global pet food market size was valued at USD 130.8 Billion in 2024, and it is expected to reach USD 192.8 Billion by 2033, exhibiting a growth rate (CAGR) of 4.4% from 2025 to 2033.

The growing humanization of pets is the primary driving factor of the global pet food industry. This shift has turned owners to treat their pets as members of a family and, therefore, invest in pet health and wellness by buying quality, nutritious, as well as specialized food products, including organic, grain-free, and breed-specific offerings. Moreover, e-commerce platforms are making it easier for pet owners to access various kinds of pet food products, thus contributing to the growth of the market. According to the IMARC Group, the global e-commerce market size reached USD 26.8 Trillion in 2024 and is projected to reach USD 214.5 Trillion by 2033, exhibiting a CAGR of 25.83% during 2025-2033. Besides this, premiumization is a significant trend as consumers are willing to spend on gourmet and customized pet food options that can specifically target certain health issues, such as weight management, allergies, and dental health.

Technological advancements and innovations are other significant market drivers. Companies are focusing on developing functional pet food enriched with vitamins, probiotics, and omega-3 fatty acids to support and extend the life of pets. There is also a growing increase in demand for sustainable and more environmentally friendly pet food options among eco-conscious consumers, including items that are made with proteins derived from plants and incorporate sustainable packaging. Urbanization and smaller living spaces also lead to an increase in pet food designed for smaller breeds that have specific nutritional needs. According to Worldometers, 57.5% of the total global population lives in urban areas in 2024. Besides this, pet food manufacturers, veterinary professionals, and retailers are also collaborating with each other to develop innovative products and distribution systems that will sustain and grow the global pet food market.

Global Pet Food Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. According to the report, North America accounted for the largest market share on account of increasing pet ownership, rising demand for premium and natural pet foods, growing awareness about pet health and nutrition, expansion of e-commerce for pet food sales, and innovations in pet food products and ingredients.

North America Pet Food Market Trends:

Numerous significant factors are driving the North American pet food market. Most prominent is the increasing pet ownership of millennials and Gen Z individuals. The demand for pet foods from these demographics significantly drives growth in this market as pet owners seek higher-quality nutrition for their pets. It leads to a growing requirement for premium, organic, and natural pet foods. Growth in e-commerce platforms also brings convenience in accessing pet food products, which has expanded this market. As per the Census Bureau of the Department of Commerce, sales in the United States retail e-commerce sector increased by 2.6% in the third quarter of 2024 as compared to the second, reaching USD 300.1 Billion. Similarly, according to Statistics Canada, sales in the retail e-commerce sector reached USD 4,147,307 in September. Besides this, innovation in ingredients, flavors, and formats is also supporting market growth.

Asia-Pacific Pet Food Market Trends:

With the rising markets in China and India, and with their increasing pet ownership, the Asia Pacific region is experiencing an overall development in the pet food market. A growing awareness about pets' health, increased disposable income, and demand for premium pet food are some other major reasons for market growth. Other factors include urbanization and the increasing trend of treating pets as members of the family.

Europe Pet Food Market Trends:

The Europe pet food market is growing due to the increasing number of pet ownership, which remains at larger levels in urban areas. Awareness related to pet health and wellness boosts the demand for premium, natural, and organic pet foods. The trend toward innovation within product lines and consumer inclination toward sustainable and ethical options related to pet food also promote this market.

Latin America Pet Food Market Trends:

High growth in pet ownership, rising disposable incomes in Latin America, and rising pet owner education on health and nutrition issues concerning their pets have heightened demand for premium and natural pet food, increasing demand in this region's pet food market. Growth factors of this market also include urbanization, changing lifestyle patterns, and pet humanization, along with the growth of platforms such as e-commerce selling pet food.

Middle East and Africa Pet Food Market Trends:

The Middle East and Africa pet food market is driven by high-priority factors such as the trend of increasing pet ownership and urbanization, along with an increment in disposable income. Growing awareness about pet health and nutrition also positively affects demand with respect to premium and niche-oriented food products. Humanization of pets, as well as increasing retail and e-commerce channels, further support growth in this region.

Top Companies Leading in the Pet Food Industry

Some of the leading pet food market companies include Mars Petcare Inc., Nestlé Purina Pet Care (Nestlé SA), Hill’s Pet Nutrition, the J. M. Smucker Company, among many others.

• 12 September 2024: Growel Group, a leading developer of aquaculture feeds, has entered the pet food market with the introduction of their latest product ‘Carniwel.’ Carniwel offers a wide range of premium products with exceptional palatability that are designed to satisfy the changing needs of pets as they progress through different life stages.

Global Pet Food Market Segmentation Coverage

• On the basis of the pet type, the market has been categorized into dog food, cat food, and others, wherein dog food represents the leading segment. The global population of pet dogs is immense, and so are their owners who are keen on nutritionally balanced diets. Therefore, dog food leads the pet food market due to a higher demand for premium, customized, and health-specific food. The varieties in dry, wet, and specialty foods make sure that all dietary requirements are met, thus adding to their market dominance.
• Based on the pricing type, the market is classified into mass products and premium products, amongst which mass products dominate the market. This is largely due to their affordability and easy availability. The reason mass-produced products have advantages over their more expensive competitors is that their large scale of production makes them produce the same quality product uniformly. The convenience and affordable prices offered by supermarkets and other stores also contribute to the popularity of mass-produced products as a staple.
• On the basis of the product type, the market has been divided into dry pet food, wet and canned pet food, and snacks and treats. Among these, dry pet food accounts for the majority of the market share. Dry pet food remains the largest share in the market because of its convenience, affordability, and longer shelf life as compared to the wet or fresh alternatives. It appeals to pet owners as it is easy to store and handle, whereas its completeness in nutrition provides for varied dietary needs. It is, hence, popular among pet owners who want a convenient and beneficial feeding solution.
• Based on the ingredient type, the market is segregated into animal derived, and plant derived. Animal derived represents the largest market share as it contains all the essential proteins and amino acids that contribute to pets' growth, energy, and overall health. Such ingredients resemble natural diets, thereby adhering to the biological requirements of animals such as dogs and cats. Their palatability also increases the taste, making pets consume the food and benefit from it, hence making animal-derived options the most sought-after by pet owners.
• On the basis of the distribution channel, the market has been categorized into supermarkets and hypermarkets, specialty stores, online stores, and others, wherein supermarkets and hypermarkets represent the leading segment. This is largely due to their easy accessibility, availability of a wide variety of products at competitive prices, and being one-stop shops, where consumers can find various kinds of pet foods ranging from premium to mass-market brands. This aspect of having a huge supply of items at very affordable prices also attracts cost-sensitive consumers. Organized displays and purchases in bulk also enable consumers to access pet foods easily.