Pet Food Market Valuation to See 4.4% Growth Through 2035

Exhibiting a strong CAGR during the forecast period, the global pet food market is slated to reach US$ 178.9 billion in revenue by the end of 2035.

The report Global Pet Food Market Size, Share, Trends, Industry Analysis Report is segmented by: By Food Type (Semi-moist Foods, Kibble Foods, Canned Foods, Veterinary, Nutritional Foods, And Others), By Animal Type (Cat, Dog, Rabbit, Birds, Fish, Ferrets, And Others), By Source Type (Animals, Plants, Cereals, And Others), By Distribution Channel (Offline Platforms, Online Platforms), and Region, Market Forecast, 2025-2034 gives a detailed insight into current market dynamics and provides analysis on future market growth.

The pet food market is growing at a rapid pace, being stimulated by the pet humanization trend that sees pets as being part of the family. This has created demand for high-quality, organic, and specialty pet foods that promote well-being, longevity, and particular dietary requirements. The increase in the global pet population, particularly among city dwellers, is also propelling sustained market growth. Internet-based pet food sales have played a crucial role in driving market growth, offering convenience and access to a wider variety of products, particularly in emerging economies. Improved pet owners' knowledge of pet nutrition and the importance of diet in preventing disease is another significant force. There is potential for the growth of functional foods, including those containing probiotics, omega fatty acids, and joint support additives. Plant-based and insect-protein pet food are newer trends with sustainability objectives. Personalized diets and packaging technology also have great growth prospects within the shifting pet food market.

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Key Finding of the Study

• Kibble Foods had the biggest market share. Kibble dominates the market because of its various strengths like convenience, longer shelf life, affordability, and ease of storage and feeding.
• Veterinary Nutritional Foods is the fastest-growing segment of the market. This is driven by increased pet humanization and greater awareness among pet owners of their pets' unique health needs.
• Dog food is the largest and the fastest-growing category in the pet food market representing about 41.8% market share in 2024. This is mainly due to the enormous population of dogs globally and owners' strong emotional connection with dogs, leading to considerable spending on their nutritional requirements.
• Offline is the largest category in the global pet food market by distribution channel. Traditional brick-and-mortar retail channels such as supermarkets, hypermarkets, pet specialty stores, and veterinary clinics currently maintain the largest market share.
• The online segment is expected to increase at the quickest rate throughout the forecast period. Home delivery convenience, increased access to brands & specialist ranges, price competitiveness, and increasing digital awareness among pet owners.

Regional Frontrunner

North America is the holder of the largest share of the pet food market share, estimated at more than 41.6% in 2024. This leadership is fuelled by a number of major drivers, some of which are the presence of a well-developed pet care culture, extensive pet humanization, large disposable incomes of pet owners, and the location of major pet food producers and strong distribution networks. This is likely to retain its leadership status, driven by ongoing product innovation, increased awareness among consumers, and ongoing investment in cutting-edge pet nutrition. 

Asia-Pacific area is becoming the highest-growth market for pet food with an expected CAGR of 6.7% over the forecast period. This fast growth is driven by a surge in the number of pet owners in countries such as China, India, and others in Southeast Asia. Growing urbanization, increased incomes, and a cultural shift toward keeping pets as family members—specifically in nuclear families—are key drivers of demand. 

The key players profiled in the crop insurance market report include Mars Petcare, Inc., General Mills, Nestlé Purina Pet Care, The J.M. Smucker Company, Hill’s Pet Nutrition, Diamond Pet Foods, Simmons Pet Food, Global Pet Care, Agrolimen SA, and Deuerer.

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