PUBLISHER: Grand View Research | PRODUCT CODE: 1888573
PUBLISHER: Grand View Research | PRODUCT CODE: 1888573
The global pet snacks and treats market size was estimated at USD 40.52 billion in 2024 and is projected to reach USD 79.23 billion by 2030, growing at a CAGR of 11.9% from 2025 to 2030. The high pet adoption rate over the years and the growing tendency to consider pets an integral part of the family have propelled the demand for natural, nutritious, tasty, and healthy pet snacks & treats essential for companion animals' overall growth and well-being.
The growth is especially visible in countries where the middle-income group is expanding, such as China and South Korea. This can also be attributed to changing attitudes toward pets, a new pet culture centered on the increased humanization of pets, and a rise in the number of pets kept just for companionship. According to the American Pet Products Association (APPA), a total of USD 151.9 billion was spent on pets in the U.S. in 2024; the majority sales breakdown for the spending is as follows: pet food & treats; supplies, live animals, and OTC medicines; vet care and product sales; and other services such as boarding, grooming, insurance, training, pet sitting, and walking. Overall, increased spending on pet care, especially pet food, reflects changing consumer attitudes towards pets and a greater emphasis on their health, happiness, and overall well-being. As a result, the market is experiencing steady growth, with opportunities for innovation, expansion, and market penetration.
Pet owners' most common dietary preferences suggest a movement toward moderation and higher-quality ingredients. Consumers in the global market seek pet snacks and treats that are organic, natural, sugar-free, low-calorie, low-carb, and contain plant-based ingredients. Furthermore, there is a growing demand for Chewable pet food and an increasing interest in natural pet snacks and treats with limited ingredients and health claims, such as grain-free.
The rising importance of sustainability in consumer decision-making has spurred initiatives within the pet snacks and treats industry to adopt eco-friendly practices. Companies are exploring alternative and renewable ingredients and eco-conscious packaging solutions to align with pet owners' environmentally conscious preferences. This commitment to sustainability is a response to market trends and reflects a broader societal shift towards responsible and ethical business practices.
In recent years, the market has witnessed a surge in innovations and mergers and acquisitions (M&A) activities as companies seek to capitalize on the growing demand for premium and functional pet food products. These developments are driven by evolving consumer preferences, increased pet health and wellness awareness, and a desire for convenient and nutritious options for furry companions.
One notable trend in pet snacks is the emphasis on natural and organic ingredients. Pet owners are increasingly looking for products for their pets' dietary choices, leading to a rise in the availability of treats made from high-quality, human-grade ingredients. Companies are investing in research and development to create innovative formulations that not only cater to the taste preferences of pets but also address specific health concerns such as allergies, digestive issues, and weight management.
Global Pet Snacks And Treats Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global pet snacks and trends market report on the basis of product, pet type, distribution channel, and region: