PUBLISHER: DataM Intelligence | PRODUCT CODE: 1247477
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1247477
Global Pet Meals Market - 2023-2030
Market Overview
The global pet meals market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 9.34% during the forecast period (2023-2030).
Pet food is a type of feed prepared from ingredients such as grains, oilseed mill products, and meat products that are specifically formulated and intended for consumption by dogs or cats, or others. The main types of pet meals are dog and cat meals and other pet meals. Dog and cat meal is food specifically formulated and intended for consumption by dogs, cats, and other related canines. Pet meals contain several ingredients, which include animal derivatives, plant derivatives, and synthetics.
Market Dynamics
Increased pet food manufacturers' innovations that influence the market
The major market participants are concentrating on releasing a range of pet food products to cater to the needs of various breeds of animals that fall into various age categories. The global market is expected to increase as a result. To catch consumers' attention and meet the needs of growing pets, businesses like General Mills, Nestle, and Mars Inc. have developed and launched premium meal products in recent years. For instance, to better utilize the resources of the planet, in November 2020, Nestle Purina introduced a pet meal that is based on alternative proteins. In addition, to plant proteins from fava beans and millet, the range also includes insects. Furthermore, in March 2021, General Mills, Inc. declared the arrival of its new Tastefuls cat food line. The product was made with cognitive development in mind.
Rising health awareness among customers toward the organic product for pets
Customers are more knowledgeable about the ingredients in pet meals. Because pet owners are becoming increasingly concerned about the health and welfare of their animals, the market for organic pet meals is expanding quickly. Pet owners are choosing organic pet meals over conventional alternatives due to the rise in pet health issues. The key trends in the pet meals market over the forecast period are influenced by these factors.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global pet meals market is segmented based on meal type, animal type, and region.
Increased consumption of longer shelf-life pet meal products
The most popular type of pet meal among owners is a dry meal. This can be explained by the higher convenience and longer shelf life offered by dry-form products compared to the wet meal. Because it is inexpensive and accessible to many dog owners, the dry meal is the most popular choice for dogs. Additionally, due to their firm texture, dry meal for pets promotes dental health in addition to dental hygiene in pets.
Geographical Analysis
Rising trend of adoption of pets
In 2022, North America dominated the market and generated the largest portion of global revenue. Growing consumer knowledge about the positive effects on pet health and the growing trend of humanizing pets are the main factors driving the regional demand for pet food. It is also anticipated that the rising millennial trend of pet adoption will support market expansion. The American Pet Products Association (APPA) estimates that about 38% of Americans own cats, with an average of two cats per household.
Competitive Landscape
The major global players include The J.M. Smucker Company, The Hartz Mountain Corporation, Mars Incorporated, Hill's Pet Nutrition, Inc, Nestle Purina, Lupus Alimentos, Total Alimentos SA, Blue Buffalo Pet Products, Inc., WellPet LLC and Diamond Pet Foods.
Why Purchase the Report?
- To visualize the global pet meals market segmentation based on meal type, animal type, and region and understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous pet meals market-level data points all for segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global pet meals market report would provide approximately 53 tables, 48 figures and 190 pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
- 3.1. Snippet by Meal Type
- 3.2. Snippet by Animal Type
- 3.3. Snippet by Region
4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Increased pet ownership in developing economies to support market growth
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. Pet food regulations that are too strict will limit market expansion
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.3.1. Customized pet meals are surging the market forward globally
- 4.1.3.2. XX
- 4.1.4. Impact Analysis
- 4.1.1. Drivers
5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. PostCOVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
7. By Meal Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Meal Type
- 7.1.2. Market Attractiveness Index, By Meal Type
- 7.2. Dry Meal*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Canned Meal
- 7.4. Others
8. By Animal Type
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 8.1.2. Market Attractiveness Index, By Animal Type
- 8.2. Dogs*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Cats
- 8.4. Others
9. By Region
- 9.1. Introduction
- 9.1.1. Market Size Analysis andY-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
- 9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Meal Type
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 9.2.5. Market Size Analysis andY-o-Y Growth Analysis (%), By Country
- 9.2.5.1. U.S.
- 9.2.5.2. Canada
- 9.2.5.3. Mexico
- 9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Meal Type
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.3.5.1. Germany
- 9.3.5.2. UK
- 9.3.5.3. France
- 9.3.5.4. Italy
- 9.3.5.5. Spain
- 9.3.5.6. Rest of Europe
- 9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Meal Type
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.4.5.1. Brazil
- 9.4.5.2. Argentina
- 9.4.5.3. Rest of South America
- 9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Meal Type
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.5.5.1. China
- 9.5.5.2. India
- 9.5.5.3. Japan
- 9.5.5.4. Australia
- 9.5.5.5. Rest of Asia-Pacific
- 9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Meal Type
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
10. Competitive Landscape
- 10.1. Competitive Scenario
- 10.2. Market Positioning/Share Analysis
- 10.3. Mergers and Acquisitions Analysis
11. Company Profiles
- 11.1. The J.M. Smucker Company*
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
- 11.2. The Hartz Mountain Corporation
- 11.3. Mars Incorporated
- 11.4. Hill's Pet Nutrition, Inc
- 11.5. Nestle Purina
- 11.6. Lupus Alimentos
- 11.7. Total Alimentos SA
- 11.8. Blue Buffalo Pet Products, Inc.
- 11.9. WellPet LLC
- 11.10. Diamond Pet Foods
LIST NOT EXHAUSTIVE
12. Appendix
- 12.1. About Us and Services
- 12.2. Contact Us
