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Market Research Report
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1077932

US Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Published: | IMARC Services Private Limited | 102 Pages | Delivery time: 2-3 business days

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US Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: May 18, 2022
IMARC Services Private Limited
Content info: 102 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The US pet food market reached a value of US$ 40.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 51.5 Billion by 2027, exhibiting a CAGR of 4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Pet food refers to the food product formulated to ensure palatability and meet the nutritional requirements of domesticated animals. Some of the ingredients used to prepare pet food are meat, peas, corn, barley, seafood, feed grain and poultry. Pet food also offers several health benefits, such as boosting immunity, improving life expectancy, maintaining a healthy weight, reducing the risk of skin ailments and allergies, and minimizing digestive disorders. In recent years, the humanization of pets has encouraged owners to treat their pets like family. The rising concern for pets' well-being and healthy growth has increased owner's expenditure on nutritious pet food. Consequently, manufacturers are focusing on resourcing ethically viable products and incorporating changes in the manufacturing process.

US Pet Food Market Trends:

  • In the US, the increasing adoption of pets due to the high prevalence of family nuclearization represents the primary factor bolstering the pet food industry across the country. Besides this, with high-income levels and changing consumer preferences, the demand for packaged and branded pet food has increased across the country. Moreover, the wide availability of natural pet food and the emergence of e-commerce platforms have also augmented the market growth. Furthermore, the changing perceptions of pet ownership and growing awareness among pet owners about pet health have promoted the demand for nutrient-rich and energy-dense pet food products that are healthy and safe for consumption. As a result, numerous manufacturers have introduced organic and natural food products free from synthetic fertilizers, pesticides, antibiotics, artificial coloring, and chemical by-products. In addition, they have also developed innovative product variants with flavor enhancers and prolonged shelf life.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the US pet food market, along with forecasts for the period 2022-2027. Our report has categorized the market based on pet type, product type, pricing type, ingredient type and distribution channel.

Breakup by Pet Type:

  • Dog Food
  • Cat Food
  • Others
  • Dog food currently dominates the market, holding the largest share.

Breakup by Product Type:

  • Dry Pet Food
  • Wet and Canned Pet Food
  • Snacks and Treats
  • At present, dry pet food represents the largest segment as it is relatively cost-effective as compared to its counterparts.

Breakup by Pricing Type:

  • Mass Products
  • Premium Products
  • Amongst these, mass products account for the majority of the total market share.

Breakup by Ingredient Type:

  • Animal Derived
  • Plant Derived
  • Presently, animal derived ingredients exhibit dominance in the market, holding the largest share.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online
  • Others
  • On the basis of distribution channels, the majority of pet food is distributed through supermarkets and hypermarkets in the US.

Competitive Landscape:

  • The competitive landscape of the market has also been analyzed, with some of the key players being Nestle Purina PetCare, Mars Petcare Inc., Big Heart Pet Brands, Hill's Pet Nutrition, Diamond Pet Foods and Blue Buffalo.

Key Questions Answered in This Report?

  • How has the US pet food market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the US pet food industry?
  • What are the major pet types in the US pet food industry?
  • What are the key product types in the US pet food industry?
  • What are the key ingredient types in the US pet food industry?
  • What are the key distribution channels in the US pet food industry?
  • What are the breakup in the US pet food industry on price basis?
  • What are the price trends of pet food?
  • What are the various stages in the value chain of the US pet food industry?
  • What are the key driving factors and challenges in the US pet food industry?
  • What is the structure of the pet food industry and who are the key players?
  • What is the degree of competition in the pet food industry?
  • What are the profit margins in the pet food industry?
  • What are the key requirements for setting up a pet food manufacturing plant?
  • How is pet food manufactured?
  • What are the various unit operations involved in a pet food plant?
  • What is the total size of land required for setting up a pet food plant?
  • What are the machinery requirements for setting up a pet food plant?
  • What are the raw material requirements for setting up a pet food plant?
  • What are the packaging requirements for pet food?
  • What are the transportation requirements for pet food?
  • What are the utility requirements for setting up a pet food plant?
  • What are the manpower requirements for setting up a pet food plant?
  • What are the infrastructure costs for setting up a pet food plant?
  • What are the capital costs for setting up a pet food plant?
  • What are the operating costs for setting up a pet food plant?
  • What will be the income and expenditures for a pet food plant?
  • What is the time required to break-even?
Product Code: SR0522A301_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 United States Pet Food Industry

  • 5.1 Market Overview
  • 5.2 Market Performance
    • 5.2.1 Volume Trends
    • 5.2.2 Value Trends
  • 5.3 Impact of COVID-19
  • 5.4 Price Trends
  • 5.5 Market Breakup by Pet Type
  • 5.6 Market Breakup by Product Type
  • 5.7 Market Breakup by Pricing Type
  • 5.8 Market Breakup by Ingredient Type
  • 5.9 Market Breakup by Distribution Channel
  • 5.10 Market Forecast
  • 5.11 Trade Data
    • 5.11.1 Imports
    • 5.11.2 Exports
  • 5.12 SWOT Analysis
    • 5.12.1 Overview
    • 5.12.2 Strengths
    • 5.12.3 Weaknesses
    • 5.12.4 Opportunities
    • 5.12.5 Threats
  • 5.13 Value Chain Analysis
    • 5.13.1 Primary Ingredients Purchase
    • 5.13.2 Intermediate Processors
    • 5.13.3 Pet Food Manufacturers
    • 5.13.4 Distributers
    • 5.13.5 Exports
    • 5.13.6 Retailers
    • 5.13.7 End-User
  • 5.14 Porter's Five Forces Analysis
    • 5.14.1 Overview
    • 5.14.2 Bargaining Power of Buyers
    • 5.14.3 Bargaining Power of Suppliers
    • 5.14.4 Degree of Competition
    • 5.14.5 Threat of New Entrants
    • 5.14.6 Threat of Substitutes
  • 5.15 Key Market Drivers and Success Factors

6 Market Breakup by Pet Type

  • 6.1 Dog Food
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Cat Food
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Others
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Product Type

  • 7.1 Dry Pet Food
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Wet and Canned Pet Food
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Snacks and Treats
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Pricing Type

  • 8.1 Mass Products
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Premium Products
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Ingredient Type

  • 9.1 Animal Derived
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Plant Derived
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast

10 Market Breakup by Distribution Channel

  • 10.1 Supermarkets and Hypermarkets
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 Specialty Stores
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast
  • 10.3 Online
    • 10.3.1 Market Trends
    • 10.3.2 Market Forecast
  • 10.4 Others
    • 10.4.1 Market Trends
    • 10.4.2 Market Forecast

11 Competitive Landscape

  • 11.1 Market Structure
  • 11.2 Market Breakup by Key Players

12 Pet Food Manufacturing Process

  • 12.1 Product Overview
  • 12.2 Detailed Process Flow
  • 12.3 Various Types of Unit Operations Involved
  • 12.4 Mass Balance and Raw Material Requirements

13 Project Details, Requirements and Costs Involved

  • 13.1 Land Requirements and Expenditures
  • 13.2 Construction Requirements and Expenditures
  • 13.3 Plant Machinery
  • 13.4 Raw Material Requirements and Expenditures
  • 13.5 Packaging Requirements and Expenditures
  • 13.6 Transportation Requirements and Expenditures
  • 13.7 Utility Requirements and Expenditures
  • 13.8 Manpower Requirements and Expenditures
  • 13.9 Other Capital Investments

14 Loans and Financial Assistance

15 Project Economics

  • 15.1 Capital Cost of the Project
  • 15.2 Techno-Economic Parameters
  • 15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
  • 15.4 Taxation and Depreciation
  • 15.5 Income Projections
  • 15.6 Expenditure Projections
  • 15.7 Financial Analysis
  • 15.8 Profit Analysis

16 Key Player Profiles

  • 16.1 Nestle Purina PetCare
  • 16.2 Mars Petcare Inc.
  • 16.3 Big Heart Pet Brands
  • 16.4 Hill's Pet Nutrition
  • 16.5 Diamond Pet Foods
  • 16.6 Blue Buffalo

List of Figures

  • Figure 1: United States: Pet Food Market: Major Drivers and Challenges
  • Figure 2: United States: Pet Food Market: Volume Trends (in Million Tons), 2016-2021
  • Figure 3: United States: Pet Food Market: Value Trends (in Billion US$), 2016-2021
  • Figure 4: United States: Pet Food Market: Average Price Trends (in US$/Ton), 2016-2027
  • Figure 5: United States: Pet Food Market: Breakup by Pet Type (in %), 2021
  • Figure 6: United States: Pet Food Market: Breakup by Product Type (in %), 2021
  • Figure 7: United States: Pet Food Market: Breakup by Pricing Type (in %), 2021
  • Figure 8: United States: Pet Food Market: Breakup by Ingredient Type (in %), 2021
  • Figure 9: United States: Pet Food Market: Breakup by Distribution Channel (in %), 2021
  • Figure 10: United States: Pet Food Market Forecast: Volume Trends (in Million Tons), 2022-2027
  • Figure 11: United States: Pet Food Market Forecast: Value Trends (in Billion US$), 2022-2027
  • Figure 12: United States: Dog and Cat Food Market: Export Volume Breakup by Country (in %)
  • Figure 13: United States: Dog and Cat Food Export Market: Volume Trends of Major Countries (in Tons)
  • Figure 14: United States: Dog and Cat Food Market: Import Volume Breakup by Country (in %)
  • Figure 15: United States: Dog and Cat Food Import Market: Volume Trends of Major Countries (in Tons)
  • Figure 16: United States: Pet Food Industry: SWOT Analysis
  • Figure 17: United States: Pet Food Industry: Value Chain Analysis
  • Figure 18: United States: Pet Food Industry: Porter's Five Forces Analysis
  • Figure 19: United States: Dog Food Market: Value Trends (in Billion US$), 2016 & 2021
  • Figure 20: United States: Dog Food Market Forecast: Value Trends (in Billion US$), 2022-2027
  • Figure 21: United States: Cat Food Market: Value Trends (in Billion US$), 2016 & 2021
  • Figure 22: United States: Cat Food Market Forecast: Value Trends (in Billion US$), 2022-2027
  • Figure 23: United States: Other Pet Food Market: Value Trends (in Billion US$), 2016 & 2021
  • Figure 24: United States: Other Pet Food Market Forecast: Value Trends (in Billion US$), 2022-2027
  • Figure 25: United States: Pet Food Market: Dry Pet Food (in Billion US$), 2016 & 2021
  • Figure 26: United States: Pet Food Market Forecast: Dry Pet Food (in Billion US$), 2022-2027
  • Figure 27: United States: Pet Food Market: Wet and Canned Pet Food (in Billion US$), 2016 & 2021
  • Figure 28: United States: Pet Food Market Forecast: Wet and Canned Pet Food (in Billion US$), 2022-2027
  • Figure 29: United States: Pet Food Market: Snacks and Treats (in Billion US$), 2016 & 2021
  • Figure 30: United States: Pet Food Market Forecast: Snacks and Treats (in Billion US$), 2022-2027
  • Figure 31: United States: Pet Food Market: Mass Products (in Billion US$), 2016 & 2021
  • Figure 32: United States: Pet Food Market Forecast: Mass Products (in Billion US$), 2022-2027
  • Figure 33: United States: Pet Food Market: Premium Products (in Billion US$), 2016 & 2021
  • Figure 34: United States: Pet Food Market Forecast: Premium Products (in Billion US$), 2022-2027
  • Figure 35: United States: Pet Food Market: Animal Derived (in Billion US$), 2016 & 2021
  • Figure 36: United States: Pet Food Market Forecast: Animal Derived (in Billion US$), 2022-2027
  • Figure 37: United States: Pet Food Market: Plant Derived (in Billion US$), 2016 & 2021
  • Figure 38: United States: Pet Food Market Forecast: Plant Derived (in Billion US$), 2022-2027
  • Figure 39: United States: Pet Food Market: Sales through Supermarkets and Hypermarkets (in Billion US$), 2016 & 2021
  • Figure 40: United States: Pet Food Market Forecast: Sales through Supermarkets and Hypermarkets (in Billion US$), 2022-2027
  • Figure 41: United States: Pet Food Market: Sales through Specialty Stores (in Billion US$), 2016 & 2021
  • Figure 42: United States: Pet Food Market Forecast: Sales through Specialty Stores (in Billion US$), 2022-2027
  • Figure 43: United States: Pet Food Market: Online Sales (in Billion US$), 2016 & 2021
  • Figure 44: United States: Pet Food Market Forecast: Online Sales (in Billion US$), 2022-2027
  • Figure 45: United States: Pet Food Market: Other Distribution Channels (in Billion US$), 2016 & 2021
  • Figure 46: United States: Pet Food Market Forecast: Other Distribution Channels (in Billion US$), 2022-2027
  • Figure 47: United States: Pet Food Market: Breakup by Key Players (in %)
  • Figure 48: Pet Food Manufacturing Plant: Detailed Process Flow
  • Figure 49: Pet Food Manufacturing Process: Conversion Rate of Products
  • Figure 50: Pet Food Manufacturing Plant: Packaging Requirements
  • Figure 51: Pet Food Manufacturing Plant: Breakup of Capital Costs (in %)
  • Figure 52: Pet Food: Profit Margins at Various Levels of the Supply Chain
  • Figure 53: Pet Food Manufacturing Plant: Manufacturing Cost Breakup (in %)

List of Tables

  • Table 1: United States: Pet Food Market: Key Industry Highlights, 2021 and 2027
  • Table 2: United States: Pet Food Market Forecast: by Pet Type (in Billion US$), 2022-2027
  • Table 3: United States: Pet Food Market Forecast: by Product Type (in Billion US$), 2022-2027
  • Table 4: United States: Pet Food Market Forecast: by Pricing Type (in Billion US$), 2022-2027
  • Table 5: United States: Pet Food Market Forecast: by Ingredient Type (in Billion US$), 2022-2027
  • Table 6: United States: Pet Food Market Forecast: by Distribution Channel (in Billion US$), 2022-2027
  • Table 7: United States: Pet Food Market: Competitive Structure
  • Table 8: United States: Pet Food Market: Key Players
  • Table 9: United States: Dog and Cat Food Market: Export Data of Major Countries
  • Table 10: United States: Dog and Cat Food Market: Import Data of Major Countries
  • Table 11: Pet Food Manufacturing Plant: Costs Related to Land and Site Development (in US$)
  • Table 12: Pet Food Manufacturing Plant: Costs Related to Civil Works (in US$)
  • Table 13: Pet Food Manufacturing Plant: Costs Related to Milling and Mixing Machinery (in US$)
  • Table 14: Pet Food Manufacturing Plant: Costs Related to Pre-Conditioning, Extrusion and Drying Machinery (in US$)
  • Table 15: Pet Food Manufacturing Plant: Costs Related to Coating/Flavouring and Cooling Machinery (in US$)
  • Table 16: Pet Food Manufacturing Plant: Costs Related to Packaging Line Machinery (in US$)
  • Table 17: Pet Food Manufacturing Plant: Summary of Machinery Costs (in US$)
  • Table 18: Pet Food Manufacturing Plant: Raw Material Requirements
  • Table 19: Pet Food Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
  • Table 20: Pet Food Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
  • Table 21: Pet Food Manufacturing Plant: Details of Financial Assistance Offered by Financial Institutions
  • Table 22: Pet Food Manufacturing Plant: Capital Costs (in US$)
  • Table 23: Pet Food Manufacturing Plant: Techno-Economic Parameters
  • Table 24: Pet Food Manufacturing Plant: Taxation and Depreciation
  • Table 25: Pet Food Manufacturing Plant: Income Projections (in US$)
  • Table 26: Pet Food Manufacturing Plant: Expenditure Projections (in US$)
  • Table 27: Pet Food Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
  • Table 28: Pet Food Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
  • Table 29: Pet Food Manufacturing Plant: Profit and Loss Account