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Pet Food and Treats Market Trends

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

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Pet Food and Treats Market Trends

One prominent trend is the market is increasingly driven by trends focused on health, sustainability, and personalization. One prominent trend is the shift toward natural and organic pet foods, reflecting the broader human wellness movement. According to the American Pet Products Association (APPA), sales of natural pet foods have surged, with over 40% of pet owners indicating that they prefer products free from artificial ingredients. This trend is further supported by the rise in demand for specialized diets, such as grain-free, raw, and high-protein options, which cater to pets' specific health needs and align with their owners' preferences for clean eating.

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.