Food And Beverages

Global Pet Food Market Outlook, Opportunities And Strategies

December 17, 2021 by The Business Research Company

Learn about the global pet food market through The Business Research Company, which provides information on pet food market size, pet food market drivers and restraints, pet food market players, the COVID-19 impact on the pet food market, and more.

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The global pet food market is expected to grow from $72.07 billion in 2020 to $75.29 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $90.32 billion in 2025 at a CAGR of 5%.

Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.

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The pet food market consists sales of goods and services by entities (organizations, sole traders and partnerships) associated with manufacturing cat and dog food and other animal food from ingredients such as grains, oilseed mill products and meat products. The industry includes the establishments that produce dog food, cat food, and other animal food. Other animal includes birds, mammals and aquatic animals. This market does not include agricultural animal food.

Global pet food market segments include:

By Type: Dog And Cat Food, Other Pet Food

By Distribution Channel: Specialized Pet Shops, Internet Sales, Hypermarkets, Others

By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic

Subsegments Covered: Dog Food, Cat Food

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global pet food market, accounting for 38% of the market in 2020.

Pet food manufacturing companies are using automation technologies such as advanced production lines and software solutions to improve safety and operational efficiency. These technologies automate formulation, batching, drying, coating and liquid delivery processes. This results in cost-effective processing and consistent product quality.

TBRC’s pet food market report covers:

Major Market Players: Mars, Nestle S.A., The J.M. Smucker Company, Colgate-Palmolive Company, Diamond Pet Foods Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Pet Food Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides pet food market overviews, analyzes and forecasts market size, share, pet food market players, pet food market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s pet food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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