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The global pet food market was valued at US$ 112.87 Billion in 2021.
We expect the global pet food market to exhibit a CAGR of 5.42% during 2022-2027.
The emerging trend of pet humanization, along with growing consumer concerns towards pet health, are primarily driving the global pet food market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of pet food.
Based on the pet type, the global pet food market can be segmented into dog food, cat food, and others. Currently, dog food holds the majority of the total market share.
Based on the product type, the global pet food market has been divided into dry pet food, wet and canned pet food, and snacks and treats. Among these, dry pet food currently exhibits a clear dominance in the market.
Based on the pricing type, the global pet food market can be categorized into mass products and premium products. Currently, mass products account for the majority of the global market share.
Based on the ingredient type, the global pet food market has been segregated into animal derived and plant derived, where animal derived pet food currently holds the largest market share.
Based on the distribution channel, the global pet food market can be bifurcated into supermarkets and hypermarkets, specialty stores, online stores, and others. Currently, supermarkets and hypermarkets exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global pet food market include Mars Petcare Inc., Nestlé Purina Pet Care (Nestlé SA), Hill's Pet Nutrition, The J.M. Smucker Company, etc.
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