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Pet Food and Treats Market Share

Report ID: GMI11314
Published Date: Sep 2024
Report Format: PDF

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Pet Food and Treats Market Share

The market is fragmented, with prominent players, such as Nestlé Purina PetCare Company, Mars Petcare US, Inc., The J.M. Smucker Company, General Mills, Inc., Hill’s Pet Nutrition, Inc. holding a market share of 20-25%. These companies dominate the market due to their extensive research and development capabilities, strong global distribution networks, and strategic partnerships within the industry.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Pet food and treats market size was USD 133.3 billion in 2023 and is expected to register 7.9% CAGR from 2024-2032 due to the increasing trend of pet humanization, where pets are treated as family members worldwide.

Pet food and treats industry from the dry food segment is expected to reach USD 90.7 billion by 2032 due to its convenience, long shelf life, and cost-effectiveness compared to wet or fresh alternatives.

North America pet food and treats industry is expected to reach USD 91.2 billion by 2032 due to a combination of high pet ownership rates and a strong cultural emphasis on pet care in the region.

Heristo AG, Hill’s Pet Nutrition, Inc., Mars Petcare US, Inc., Nestlé Purina PetCare Company, Nisshin Pet Food, Inc., Nutriara Alimentos Ltda, Spectrum Brands Holdings, Inc., The J.M. Smucker Company, and WellPet LLC, are some of the major pet food and treats companies worldwide.