Market Research Report
Global Organic Pet Food Market - 2019-2026
|Published by||DataM Intelligence||Product code||910442|
|Published||Content info||130-180 Pages
Delivery time: 1-2 business days
|Global Organic Pet Food Market - 2019-2026|
|Published: September 1, 2019||Content info: 130-180 Pages||
Organic pet foods use certified organic ingredients and are free from pesticides, growth hormones, synthetic fertilizers, antibiotics, by-products & bioengineering. Organic pet food possess high levels of nutrition and it comprises of organic meats, fruits, vegetables, minerals & vitamins. The key benefits associated with organic pet food includes longer life expectancy of pets, healthier lifestyle, fewer diagnostic disorders, healthy weight and decreased occurrence of ailments and allergies in companion animals. Growing demand for organic and all-natural pet food from pet owners across the globe owing to its zero-chemical nature is the major factor driving the global organic pet food market.
The global organic pet food market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The rising pet anthropomorphism and growing awareness towards adverse health effects of synthetic pet food is resulting in significant consumer shift towards organic pet food. Large spectrum of pet parents in the U.S. and the European region treat pets as members of their families. This has resulted in feeding pets with human grade ingredients. The pet owners are turning more conscious towards their pet health and are focusing on safety and nutritional efficacy of the food they feed to their pets. The growing pet population across the globe is contributing to the growth of the market during the forecast period. According to Pet Food Manufacturers Association, 12 million households in United Kingdom had pets in 2017 and pet population was around 54 million. However, presence of side effects in synthetic and chemically produced pet food led to increased shift in consumer preference towards organic pet food. However, high cost of organic food and lack of awareness among the pet owners regarding organic pet food are hindering the growth of global organic pet food market.
Global organic pet food market is segmented on the basis of food form into dry food, wet food and frozen food. Dry pet food is dominating the global organic pet food market owing to its low-price tag and convenience nature of dry pet food over its compatriots. Longer shelf life associated with increasing demand for dry pet food by pet owner due to its non-spillage and easy storage advantages are additionally contributing to the growth of dry pet food market globally.
By region, the global organic pet food market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and America.
North America dominated the global organic pet food market owing to high presence of pet population and increased spending by the pet owners in healthy and organic food. Increased disposable income across the region is also contributing to the growth of the market. Moreover, increasing number of millennial pet parents who spend on premium pet food is supporting the growth. Millennials make up to 35% of the U.S. pet owners and they are spending comparatively more on pet food than other generations.
Organic pet food evolved as the lucrative segment of pet food market across the globe. Major pet food companies such as Nestle, General Mills, and Colgate-Palmolive Company have entered into the organic business to hold their dominance on the pet food market. The entry of these global giants is promising long term growth potential of the organic pet food products. The financial stability of these companies help expand their organic portfolio through acquisitions and new product launches, thus upholding the feed preferences of pet owners with time
Other key players in the global organic pet foods market includes Natural Balance Pet Foods, Inc., Newman's Own Organics, Petguard Holdings, LLC, and Darwin's Natural Pet Products.
List not exhaustive