Inquire Before Buying
Speak to an Analyst
Request Brochure
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More- Home
- |
- Press Release
- |
- US Pet Food Market
US Pet Food Market to Reach US$ 59.9 Billion by 2032, Stimulated by Increasing Adoption of Pets
January 10, 2022
According to the latest report by IMARC Group, titled “US Pet Food Market Report by Pet Type (Dog Food, Cat Food, and Others), Product Type (Dry Pet Food, Wet and Canned Pet Food, Snacks and Treats), Pricing Type (Mass Products, Premium Products), Ingredient Type (Animal Derived, Plant Derived), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online, and Others) 2024-2032,” the US pet food market reached a value of US$ 43.9 Billion in 2023. Pet food is highly nutritious and energy-dense food made specifically to meet the nutritional requirements of pets. It provides adequate nutrition to pets, which is essential for performing everyday activities, repairing muscles, teeth and bones, preventing infections and diseases, and keeping the skin and haircoat healthy and shiny. In the US, the emerging trend of pet parenting, coupled with the rising awareness regarding pet nutrition, has escalated the demand for pet food in the country.
US Pet Food Market Trends:
The market is primarily driven by the increasing adoption of pets due to the rising trend of nuclear families in the country. In addition, on account of the increasing disposable incomes and changing perceptions toward pet ownership, owners are treating their pets as family and are willing to spend more on their nutrition. Along with this, the growing awareness among pet owners regarding the harmful effects of chemical preservatives has prompted them to opt for pet food that is free from pesticides, artificial flavors, or genetically modified organisms (GMO). As a result, numerous manufacturers are introducing organic and natural food products that are free from synthetic ingredients, antibiotics, and chemical by-products. They are also developing innovative product variants with flavor enhancers and prolonged shelf life to cater to the needs of different pets, which represents another growth-inducing factor. Looking forward, IMARC Group expects the market value to reach US$ 59.9 Billion by 2032, expanding at a CAGR of 3.4% during the forecast period (2024-2032).
Market Summary:
- Based on the pet type, the market has been segmented into dog food, cat food, and others. At present, dog food exhibits a clear dominance in the market.
- On the basis of the product type, the market has been classified into dry pet food, wet and canned pet food, and snacks and treats. Amongst these, dry pet food holds the largest market share.
- Based on the pricing type, the market has been bifurcated into mass and premium products. Amongst these, mass products account for the majority of the total market share.
- Based on the ingredient type, the market has been categorized into animal and plant-derived segments. Presently, animal-derived ingredients are the most popular ingredient type used in pet food.
- On the basis of the distribution channel, the market has been segregated into supermarkets and hypermarkets, specialty stores, online, and others. Presently, the majority of pet food is distributed through supermarkets and hypermarkets in the US.
- The competitive landscape of the market has also been examined, with some of the key players being Nestlé Purina PetCare, Mars Petcare Inc., Big Heart Pet Brands, Hill’s Pet Nutrition, Diamond Pet Foods and Blue Buffalo.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase options
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More