Pet Food and Treats Market – By Product Type, By Pet Type, By Ingredient Type, By Packaging, By Life Stage, By Special Dietary Needs, By Price Range, By Distribution Channel – Global Forecast, 2025 – 2034

Pet Food and Treats Market Size

The global pet food and treats market was estimated at USD 138.9 billion in 2024 and is estimated to grow at a 6.1% CAGR from 2025 to 2034. Increase on premium pet food spending is boosting growth of pet food ingredients sales. Though pet owners are becoming more attentive to their health, they are also forcing the demand for high-quality and novel ingredients. The term premiumization is known to create growth spots for new products which improves formulations and address the increasing requirement for products which appeal to taste balls of pets, while also boosting their wellbeing, and nutrition.
 

Since pets have been increasingly viewed as family members, this shift in consumer behavior is further strengthening the link between increasing expenditure to demand for premium pet food ingredients.
 

Recognizable ingredients such as healthy sources of meat like chicken, turkey, or salmon, fruits and vegetables, and even whole grains sets premium pet food apart from its rivals. These ingredients are carefully selected components which do not include fillers, by-products, or artificial additives. According to Statista, the global pet food market was estimated USD 123 billion in 2022. This indicates the growing presence of pet owners and the increasing demand for humanized pet products as well as social and nutritious pet food options. The highlight of the segment remains on the functional treats which continues to grow with premium focus.
 

After the pandemic, pet enthusiasts prioritized their furry friends more, resulting in a surge in pet treats. The pet food and treats market now seems to be leveling but dog and cat treats remain as popular as they were during the pandemic. As a result of Covid, sales activities of pet treats and chews grew by 20% in 2020, 18% in 2021, and 12% in 2022 which sum to USD 11.3 billion at the end of this year. Even with sales growth rates now tapering off somewhat, pet treat sales continue to grow at a very healthy 10% between 2021-2026.
 

Pet Food and Treats Market Trends

• Some of the important trends that includes, presence of grains in diets, the creation of new types of pet food like dry-wet complementary formulas, whole-prey pet nutrition, the use of solutions-based ingredients, and the increase of product offerings in wet, fresh, and frozen pet food and treats. Other new products launched this spring and summer included: ingredients high in dietary fiber, bar-type foods for pet parents on-the-go, advanced varieties of classic biscuits, creamy treats, and a plethora of freeze-dried proteins and raw-coated forms.
   
• The introduction of new products may be slowing down, but the encouragement of a broader range of product formats among pet owners, known as rotational feeding, is serving to make other formats besides dry kibbles more popular, thus aiding sales growth.
   
• Sustainability frames the story of pet food brand claims about being good-for-the planet, and novel proteins are quickly becoming a favorite. It seems that pet owners are prepared to give their furry friends food like lab-grown meat, yeast protein, or even insect protein. The pet food and treats market has witnessed the emergence of many new product lines that boast sustainable protein sources.
   
• In terms of sustainability, there are other angles to consider and a number of companies are focusing on the use of animal proteins, as well as other animal byproducts, including organs, bones, and even cartilage. Some businesses are incorporating most, if not all parts, of the animal.
   
• According to a report published by the Pet Food Institute alongside the North American Renderers Association and the Institute for Feed Education and Research, pet food is boosting the agricultural economy in the United States. There are currently 519 FDA certified facilities producing pet food in the USA. These businesses bought over 8 billion tons of pet food ingredients at an overall cost of USD 6.9 billion which included crops such as whole grains and corn, meat and poultry, rendered animal proteins and fishery products.
   

Pet Food and Treats Market Analysis

Pet food spending seems to be an untouchable category to withdraw expenditure from, even with the skyrocketing food prices and other necessities. This means, investment on premium brands will continue to soar regardless of the economic conditions. While, there may be a fraction of customers who decide to limit their pet food spending, such changes are expected to be minute therefore there is absolute focus on high-grade essences.
 

Approximately, 67% of the deals done in pet food companies during the past 3 years were the result of cross border transactions which have taken place because the financial buyers are not very active in this area. As many of the renowned European brands are looking to tap into the American market, there is a major opportunity for the USA based pet food businesses in increasing their valuation by expanding overseas.
 

A large number of businesses have opted to keep their production facilities in Europe or America due to maintaining the higher standard, this means, they should be able to sell in bulk to places like China which presents a great opportunity too.
 

The dry food segment accounted for 34.5% share of the pet food and treats market in 2024. owing to higher consumption among pets and higher acceptance in social environments, thus playing vital role in boosting industry growth.
 

• Normal pet food has roughly 14 to 17 percent meat and meat byproducts, cereals, grains, vitamins, minerals etc. In the U.S., over 300 manufacturers produce approximately 7 million tons of pet food yearly. Owners have over three thousand varieties of pet food choices from dry to canned and semi moist, along with biscuit, kibbles, and treat snacks.
   
• The primary difference between dry and wet pet food is the moisture content. Dry pet food typically contains 10-12 percent moisture, while wet food contains between 70 and 80 percent.
   

In 2024, the cats segment accounted for over 43.5% share of the pet food and treats market, followed by dogs which is rising at rapid pace in comparison and registered 6.2% higher growth than cats and others.
 

• Both dog and cat dry food sales grew in 2022 and continued this trend in 2023, registering exceptionally strong sales figures. Sales of dry dog food reached a total of 1.3 billion (with a 19.7% growth from 2022) while dry cat food sales reached USD 0.6 billion (with a 21.8% growth from 2022). The companies leading in this segment were Nestlé Purina and Mars Petcare for dry dog food, whilst Nestlé Purina and Big Heart Pet Brands lead in dry cat food.
   
• Sales of wet dog food and cat food also grew with a 12.5% and 14.6% increase respectively compared to the previous year.
   
• Extruded dry kibble dog food continues to dominate the pet food market, commanding 57 % of sales, whilst over 60 % of dog owners and 69 % of cat owners feed their pet some form of kibble on a daily basis. This was also reported even when 15 per cent of dogs and 44 % of cats consumed canned food on a daily basis.
   

In 2024, based on ingredient type, the pet food and treats market is segmented into proteins, cereals & vegetables, fats and oils, vitamins & minerals. Functional foods hold a dominant revenue share of 37.6%.
 

• These ingredients serve as the foundation for the production of commercialized pet food because the pet food industry is dependent on them to create suitable pet food which is complete in nutrition and is catering to the diverse nutritional requirements of different pet species. Most these ingredients are by-products of food substances designed for human consumption, and as such they provide a cost-effective alternative for pet food makers.
   
• Besides, there has been a growing demand for vegan and grain-free types of pet food. These developments will, in turn, increase the demand for different types of fruits & vegetables in pet food in order to achieve greater variation in taste, texture, and flavor.
   

The U.S. pet food and treats market was valued at USD 47.7 billion in 2024. In the US, approximately 55% of the revenue in the entire US pet sector comes from alternative formats of non kibbled such as canned, semi moist, refrigerated pet food and even treats. Though they are relatively new in the scene, the growth of refrigerated pet food is astonishing. Their revenue only takes up 4 % in the US market but is growing 35% year on year.
 

• In 2023 the Asia-Pacific region continue to urbanize and pet ownership to increase, contributing to a 2.41% increase in pet food production. This trend allowed 11 pet companies in Asia to exceed USD 100 million in annual revenue in 2023.The prepared food consumption rate is on the rise, and so is the pet population in the Asia-Pacific region.
   
• In Asia-pacific, the trend of treating pets like humans – humanization is on the rise. It is not uncommon to see brands marketing their products as “pet food with human grade ingredients” to appeal to people who consider pets an integral part of their family.
   

Pet food and treats Market Share

Top 5 companies which include General Mills, Mars Petcare, Nestlé, Freshpet, Diamond Pet Foods collectively dominate the animal disinfectants market with their extensive industry experience, innovative product offerings, and widespread global presence.
 

General Mills has a presence in the pet food and treats industry through its Blue Buffalo brand. The company produces all-natural and health-care focused pet food products for owners who want the best nutritional value for their pets. Mars Petcare is among the world’s largest manufacturers of pet food with known brands like Pedigree, Whiskas, and Royal Canin under its umbrella. The firm’s focus on pet health and well being is evident in their customized nutrition and advanced research developed pet treats.
 

Pet Food and Treats Market Companies

Some of the eminent participants operating in the pet food and treats industry include:

• Agrolimen S.A.
• Big Heart Pet Brands, Inc.
• Blue Buffalo Pet Products, Inc.
• Diamond Pet Foods
• Freshpet
• General Mills, Inc.
• Heristo AG
• Hill’s Pet Nutrition, Inc.
• Mars Petcare US, Inc.
• Nestlé Purina PetCare Company
• Nisshin Pet Food, Inc.
• Nutriara Alimentos Ltda
• The J.M. Smucker Company
• WellPet LLC
   

Nestlé offers its Purina PetCare division that has vast quantities of pet food and treats. Under Nestlé’s brands, Purina Pro Plan, and Fancy Feast, there is a focus on normal and gourmet pet food which is reinforced by advances in technology related to pet health. Freshpet provides fresh and refrigerated pet food using natural ingredients. The company’s focus is on pet owners that are careful with what their pets consume by using raw-minimal processed, high-quality proteins and ingredients for better pet health.
 

Diamond Pet Foods markets premium and mid-priced pet food brands, Taste of the Wild and Diamond Naturals. The focus on high quality ingredients and innovation are unique pet dietary needs such as grain free and high protein diets.
 

These market leaders collectively shape the competitive landscape of the animal disinfectants market, driving innovation, setting industry standards, and meeting the evolving demands of customers worldwide. With their focus on research and development, technological advancements, and strategic partnerships, these companies continue to expand their market share and strengthen their foothold in key regions. Their relentless pursuit of excellence, coupled with their customer-centric approach, positions them as preferred suppliers of animal disinfectants, contributing significantly to the growth and development of the global construction industry.
 

Pet Food and Treats Industry News:

• In January 2024, the VAFO Group’s acquisition of Finnish Dagsmark Pet Food has been finalised. This acquisition places VAFO in the lead within the Nordic pet food market.
   
• In May 2023, New cat treats under the Friskies “Friskies Playfuls - treats” brand were launched by Nestle Purina. These round shaped treats aimed at adult cats are available in chicken and liver and salmon and shrimp flavors.
   
• In May 2023, Virbac established new acquisition of its distributor and turned Gs Partners into its 35th subsidiary. This allows for more expansion of the virbac presence in these countries.
   
• In April 2023, A new landmark has been reached by Mars Incorporated through the opening of its first pet food research and development cente. This new facility called the APAC pet center is expected to support the company’s product development.
   

The pet food and treats market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Billion from 2021 – 2034 for the following segments:

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Market, By Product Type

• Cookies, biscuits, snacks
• Canned food
• Bones
• Dry food
• Sticks
• Others (freeze-dried food, etc.)

Market, By Pet Type

• Dogs
• Cats
• Others (fish, birds, hamsters, etc.)

Market, By Ingredient Type

• Proteins
  • Chicken
  • Beef
  • Fish (salmon, tuna)
  • Turkey
  • Lamb
• Cereals & Vegetables
• Fats and oils
• Vitamins & Minerals
• Others (flavour enhancers, specialty supplemental, etc.)

Market, By Packaging

• Cans
• Pouches
• Bags
• Carton
• Others (tins, tubs, etc.)

Market, By Life Stage

• Puppy/kitten
• Adult pet
• Senior pet

Market, By Special Dietary Needs

• Weight management
• Grain-free
• Hypoallergenic
• Organic/natural
• Raw/freeze-dried

Market, By Price Range

• Low
• Medium
• High

Market, By Distribution Channel

• Online
  • E-commerce
  • Company websites
• Offline
  • Supermarkets/grocery stores
  • Pet specialty stores
  • Retailers
  • Veterinary clinics

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific 
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America 
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa 
  • Saudi Arabia
  • South Africa
  • UAE