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Pet Food Market 2022-2027 | Enhancing Huge Growth and Latest Trends by Top Players – San Juan Independent

According to IMARC Group’s latest report, titled “Pet Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 112.87 Billion in 2021. Pet food refers to exclusively customized consumption items for pet dogs, cats, ducks, birds, etc. They are energy-dense food products specifically made to meet the nutritional requirements of pet animals. Pet food items can be of various types, such as wet and canned food, snacks, treats, etc. They are manufactured using meat, poultry, feed grains, seafood, etc. The pet food ingredients aid in the digestion system of the animals and ensure healthy skin and coat and a stronger immune system. As a result, they are in high demand among pet owners across countries.

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The expanding number of pet owners and the rising preference for highly nutritious pet foods that help in combating skin allergies and infections are among the key factors driving the pet food market. Besides this, the escalating focus among the manufacturers to offer product variants that meet the nutritional needs of pet dogs and cats and ensure palatability is further augmenting the market growth. Apart from this, the development of foods specific to the age, breed, and size of pets, which are served in smaller single-serve and disposable containers, is acting as another significant growth-inducing factor. In line with this, the increasing production of organic food variants that are made without any use of synthetic fertilizers, hormones, pesticides, etc., on account of the inflating consumer demand for natural formulations, is expected to propel the pet food market over the forecast period. Looking forward, IMARC Group expects the pet foods market to reach US$ 154.04 Billion by 2027, exhibiting a CAGR of 5.42% during 2022-2027.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

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

Market Segmentation:

Breakup by Pet Type:

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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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.

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