pet food industry

The Pet Food market worldwide is projected to grow by 5.56% (2024-2028) resulting in a market volume of US$186.10bn in 2028. ... Industry and market insights and forecasts. Companies & Products ...

The pet industry has seen significant growth in recent years. Shoppers spent more than $123 billion on pets in 2021 alone, $51 billion of which was attributed to pet food according to the American Pet Products Organization.Moving into 2023 and beyond, we see predictions that growth will continue to soar, with an expected 8% …

Report Highlights. Pets, pet products, and pet care are all part of a $103.6 billion national industry; 40.5% of revenue is from food and treats alone.. The pet industry grows by 11.6% every year.; The average pet-owning spends $1,120 per year on their pets.; 2-in-3 American s include at least one pet.; Two (2) …

The Pet Food market is a segment of the pet industry that focuses on the production and sale of food specifically designed for consumption by pets. This includes both wet and dry food, as well as treats and snacks. Pet food is formulated to meet the nutritional needs of different types of animals, such as cats, dogs, birds, and fish.

The pet food market in Canada is a booming industry and the tenth largest in the world. Canada is home to hundreds of pet stores across the country supplying the owners of over 16 million pet cats ...

The Pet Food Industry is one of the fastest growing sectors in . Europe. We expect value growth to be around 5% and volume . growth around 3.5% with value at €29.1 billion. However, the sector has faced severe disruption caused . by geopolitical developments. Russia's war in the Ukraine .

The global pet food market size was valued at $87,268.2 million in 2020, and is projected to reach $133,430.9 million by 2030, registering a CAGR of 4.6% from 2021 to 2030. Rise in per capita disposable income, increase in trend of nuclear families, and rapid increase in humanization are some of the major factors driving the market growth.

Mar 5, 2024. Pet industry expenditure in the United States reached over 143.5 billion U.S. dollars in 2023. It should be noted that the source used a new research methodology from 2018, therefore ...

U.S. retail sales of dog and food approached US$40 billion in 2021, up 15% over 2020, as reported in Packaged Facts ' just-released "Pet Food in the U.S." (September 2022). Over the 2017–2021 period, dog and food garnered a compound annual growth rate (CAGR) of 11%. Recent inflationary prices for pet food only partially …

The global pet food market size is expected to reach US$ 1,17,691.2 million in 2023. During the forecast period 2023 to 2033, global pet food sales are likely to soar at 6.4% …

The 20 Pet Industry Statistics. The global pet market is worth $246 billion.; People in the USA spent $89 billion on their pets in 2023.; In 2023, there was an 16% increase in pet food sales in ...

Industry Calendar; Pet Food Product Database; Directory of Suppliers; Magazine; Subscribe; Advertise; Magazine. Subscribe To Magazine Archives. April 2024. The global resource connecting pet food and treat manufacturers and brands with supplier companies. Follow Petfood Industry. Delete My Data ...

UK Pet Food. UK Pet Food (formerly PFMA) are an association raising standards and providing educational resources to advance pet health and wellbeing with quality nutrition from a sustainable, progressive UK Pet Food industry. Read more.

Nutrition The largest shifts, in value terms, have been in pet nutrition. This market was valued at $94.2 billion(€80.4 billion) in 2020. Pet owners have gravitated towards healthy pet foods over the past decade, and this trend accelerated substantially in 2020 as the availability of pet healthcare became a challenge in certain regions. A key […]

The pet food industry is one of those industries that have been performing well, despite the economic downturn. The world's largest pet food markets are the US, the UK, France, Brazil, Russia ...

The pet food industry in the United Kingdom is experiencing rapid growth. The pet food segment value in the country grew by 23.5% between 2017 and 2021. This growth was primarily driven by a significant number of pet owners transitioning from home-cooked food to commercial pet food in the country. This can be attributed to increased awareness ...

The market size of the pet industry in Australia is $3.2 billion. Cats entered rescue organizations from 2020 to 2021 at twice the rate of dogs. Queensland had the highest number of adoptions ...

1. Global Pet Food Market: Key Industry Highlights, 2018 and 2032 2. Global Pet Food Historical Market: Breakup by Pet Type (USD Billion), 2018-2023 3. Global Pet Food Market Forecast: Breakup by Pet Type (USD Billion), 2024-2032 4. Global Pet Food Historical Market: Breakup by Product Type (USD Billion), 2018-2023 5.

Learn about the record-breaking growth, sales and innovation of the US pet food and treat industry in 2022. Find out how pet parents' preferences, pet ownership and global factors are shaping …

The global pet food market size was estimated at USD 103.3 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2030. The demand for products is anticipated to be driven …

The 14 Pet Food Industry Statistics. The US pet industry expenditure for 2021 was at $103.6 billion and is expected to continue rising.; Pet food was the highest-selling pet market product in 2020 ...

The APPA's 2021 State of the Industry report showed: $50 billion was spent on pet food and treats (a 13.6% increase from 2020). $34.3 billion was spent on veterinarian care and product sales (an 8.9% …

On the level, Morgan Stanley predicts spending to increase to $1,320 per pet by 2025, while reaching $1,897 by 2030. That compares with the previous outlook for per-pet spending of $1,292 by 2025 and $1,909 by 2030. "An outcome in line with this expectation would increase total spending in the industry by 134% over the …

Petfood Industry is the source for pet food manufacturers, suppliers and marketers. Find the latest news, trends, reports, ingredients, production, marketing and branding information for the pet food industry.

Elevate pet wellbeing with our functional turnkey nutrition solutions. Uncover the rising trend of functional pet treats in the European market and learn how ADM's innovative solutions cater to this demand with science-backed ingredients and expert formulation. Pet Food. 3 Apr 2024.

Source information: Pet Food & Treats: Source: Nielsen Scan: Nielsen IQ Scan – 52 Weeks ending 12/31/2022 for xAOC and Total Pet Retail.E-commerce pet food sales data powered by NielsenIQ Ecommerce Measurement. Pet food sales for 2022 in Vet clinics, Farm & Feed, Direct-to-Consumer, and Costco were estimated using industry/financial …

The Dog & Food industry surpassed $47 billion across in-store and online, with continued double-digit growth trends vs. previous years. 1 But, that doesn't mean it's an easy path to success. There are several significant trends that are currently impacting the pet food industry and pet food brands.

Pet Food Sector Outlook. The economic value generated by the pet food industry was estimated at approximately USD 99.10 billion in 2022. This economic output is an amalgamation of basic pet food categories, namely, dog food, food, and others.

The pet food market industry is projected to grow from USD 101.74 billion in 2023 to USD 145.15 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.1% during the forecast period (2023 – 2030). Future Market Insights is the company offering the second highest forecast. According to the report of FMI, the global pet food ...

One of the biggest factors in the state of the pet industry is price increases. Prices through 2022 climbed, lapping the price increases of 2021. Average unit prices in the Pet Care department saw a 17.6% increase in the past year, with pet food seeing a 21.8% increase, pet supplies seeing a 9.8% increase, and pet treatments seeing a 3.9% increase.

Find out the latest data and trends on the U.S. pet food market, including sales, revenue, production, and consumption. Compare the leading pet food …

According to Nielsen, 92% of consumers say sustainability is important to them and that was evident in the pet industry. Pet brands are creating sustainable, plant-based food that is high in ...

The global pet food market size is expected to reach US$ 1,17,691.2 million in 2023. During the forecast period 2023 to 2033, global pet food sales are likely to soar at 6.4% CAGR. By 2033, the total market value is projected to cross a mark of US$ 2,20,477.1 million. Demand for pet food is expected to be driven by consumer propensity to keep ...

June 8, 2023. created by Tim Wall using DALL-E 2. Continuing from 2022 into 2023, much of the United States pet food industry's sales growth has come from rising prices on a relatively steady retail volume of dog, and other pet foods. Cascadia Capita l's report "Pet Industry Overview: Spring 2023" explored this economic phenomenon.

2022 Pet Food Industry Trends. Read our updated trends report here: 2023 Pet Food Trends. The pet food industry has seen significant shifts and growth given the lasting effects the coronavirus …

The world's leading pet food producers. An exclusive database of top companies within the pet food industry, with information about annual revenue, brands, geographic markets served, key product categories and milestones. This is the most recent data available.