PUBLISHER: SkyQuest | PRODUCT CODE: 1907190
PUBLISHER: SkyQuest | PRODUCT CODE: 1907190
Global Pet Treats Market size was valued at USD 9.01 Billion in 2024 and is poised to grow from USD 9.72 Billion in 2025 to USD 17.86 Billion by 2033, growing at a CAGR of 7.9% during the forecast period (2026-2033).
The global pet treats market is experiencing substantial growth driven by increasing consumer awareness around natural and organic options for pet nutrition. With pet owners prioritizing their pets' health, demand for products devoid of harmful chemicals, GMOs, and pesticides is on the rise, prompting manufacturers to pivot towards healthier alternatives. Furthermore, the surge in pet adoptions has cemented the market's expansion as individuals sought companionship during challenging times, resulting in heightened interest in pet treats. Dogs, with a significantly higher global population than cats, are at the forefront of this trend, encouraging a shift from homemade meals to commercially available treats. This combination of health consciousness and rising pet ownership continues to fuel the pet treats market's dynamic evolution and growth potential.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Pet Treats market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Pet Treats Market Segments Analysis
Global Pet Treats Market is segmented by Product Type, Pet Type, Distribution Channel and region. Based on Product Type, the market is segmented into Eatable and Chewable. Based on Pet Type, the market is segmented into Dogs, Cats and Others. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Online Stores and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Pet Treats Market
The expansion of the global pet treats market is significantly influenced by the rising pet population, coupled with a surge in disposable income and the trend of pet humanization worldwide. As urbanization accelerates, a deepening affection for pets leads owners to seek higher-quality food and treats, reflecting a shift in consumer preferences. This growing emphasis on premium products is indicative of pet owners' desire to provide the best for their animal companions, further fueling demand in the market. As a result, these factors contribute to an increasingly robust market landscape for pet treats on a global scale.
Restraints in the Global Pet Treats Market
The Global Pet Treats market faces significant challenges due to stringent regulatory policies and compliance requirements that dictate the formulation, labeling, and safety standards of pet food products. These regulations pose a considerable obstacle for manufacturers, particularly for smaller companies with limited resources, as they must navigate complex regulatory landscapes to ensure compliance. The burden of adhering to these standards can limit innovation and increase operational costs, making it difficult for smaller players to compete effectively in the market. As a result, these regulatory constraints can hinder growth and market entry for new and existing brands in the pet treats sector.
Market Trends of the Global Pet Treats Market
The Global Pet Treats market has experienced a notable surge in consumer spending, driven by a growing inclination towards premium products and the rising pet humanization trend. As pet owners increasingly view their pets as family members, there is a marked shift towards investing in high-quality, nutritionally rich treats. This upward trend is particularly pronounced in dog treats, which dominate the market due to the higher consumption rates among dog owners compared to cat owners. The premiumization of pet treats not only reflects a shift in consumer preferences but also emphasizes a broader acknowledgment of pet health and wellness, thus shaping the market's future trajectory.