Market Research Report
Canada Pet Food Market, Size, Share, Forecast 2022-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis
|Canada Pet Food Market, Size, Share, Forecast 2022-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis|
Published: January 1, 2022
Content info: 165 Pages
Delivery time: 1-2 business days
Canada Pet Food Market is expected to reach US$ 4.56 Billion by 2027. In Canada, Pets plays a vital role in people's heart. For years, pets, primarily dogs and cats, have been great companions for the Canadian people. In the last five years, the pet population has been rising due to ageing, and young people are adopting more pets and ownership for pet is becoming trends a nowadays. This is one of the growth factors for the pet food manufacturing company to launch new products in the Canadian market. For instance, from Jan 2016 to Dec 2020, 259 and 167 pet food products were launched in Canada, with the most significant number of introductions occurring in dog snacks and treats.
According to our research Fish and Cats account for more than 8 Million of the total pet population, whereas Dogs account for more than 7 Million for the year 2020. Cats and dogs remain the primary focus of the pet food industry as tropical and other pet's likes, fish, indoor birds, small mammals, including guinea pigs, rabbit's ferrets and rodents, are not as popular amongst Canadian pet owners. Nevertheless, there is less interest in unusual pets, leading to slow but stable market growth in retail sales in other pet food. Growth in pet populations, ownerships, and pet food retail sales domestically and internationally allows Canadian pet food producers to maintain and increase their presence and distinct brand image within domestic and global markets.
Based on Food types, Dog food was the leading pet food with retail sales. Despite Cat population and ownership levels are more extensive than that of dogs. As pets' appropriate healthcare and nutrition are of primary concern, owners often seek pet food; treat containing more ingredients and proteins. Canadian pet owners are willing to spend on beauty products or accessories, such as toys and clothing, and personalized products and technology such as GPS trackers and smart dog houses.
Dry dog food was the largest market in total dog food sales. Dog treats and mixers attained growth and are expected to increase in the forecast period as owners offer their pet's snacks. Whilst premiumization continues to drive growth, Canadian cat owners are value-conscious and less willing to pay a higher price for cat food than dog owners paying for dog food. Go! Solutions company launched Carnivore, a newly repositioned collection of protein-rich kibble for cats, formerly known as Go! Fit + Free.
Canada Pet food market was distributed primarily through store-based retail channels, while the remaining pet food sales were distributed via e-commerce and Veterinary clinics. With the emergence of covid-19 and more at-home living and working, e-commerce increased its distribution channel in 2020. The top five pet food companies in Canada are J.M Smucker, Blue Buffalo, Mars Incorporated, Nestle Purina Pet Food and Colgate-Palmolive Co.
Renub Research latest report "Canada Pet Food Market, By Animal Type (Dog Pet Food, Cat Pet Food and Others Pet Food [Bird, Fish $ Small Mammals/Reptiles]), Dog Pet Food (Dry Dog Food, Wet Dog Food and Dog Treats and Mixers Food), Cat Pet Food (Dry Cat Food, Wet Cat Food and Cat Treats and Mixers Food), Distribution Channels (Store-based Retailing, Online and Veterinary Clinics), Companies (J.M Smucker, Blue Buffalo, Mars Incorporated, Nestle Purina Pet Food and Colgate-Palmolive Co)" provides a detailed analysis of Canada Pet Food Industry.