PUBLISHER: The Business Research Company | PRODUCT CODE: 1805329
PUBLISHER: The Business Research Company | PRODUCT CODE: 1805329
Pet food is a specialized type of feed created from ingredients such as grains, oilseed mill products, and meat products. It is formulated and intended for the consumption of dogs or cats.
The primary categories of pet food include dog and cat food, along with other pet food. Dog and cat food is specifically designed for the dietary needs of dogs, cats, and related canines. These pet foods consist of various ingredients, including animal derivatives, plant derivatives, and synthetic components. The distribution of these products occurs through specialized pet shops, online sales, hypermarkets, and other channels.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid implementation of U.S. tariffs and the resulting trade tensions in spring 2025 are having a notable impact on the food and beverage sector. Rising costs for imported ingredients such as olive oil, cheese, and tropical fruits are pressuring food manufacturers to either reformulate their products or absorb reduced profit margins. Beverage producers are similarly affected, with tariffs on aluminum cans driving up packaging costs. Meanwhile, retaliatory tariffs on U.S. agricultural exports like soybeans and pork are disrupting farm-to-processor supply chains. In response, companies are adjusting recipes, increasing local sourcing, and using commodity hedging strategies to manage price volatility.
The pet food research report is one of a series of new reports from The Business Research Company that provides pet food statistics, including pet food industry global market size, regional shares, competitors with pet food share, detailed pet food segments, market trends and opportunities, and any further data you may need to thrive in the pet food industry. This pet food research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pet food market size has grown strongly in recent years. It will grow from $73.56 billion in 2024 to $78.48 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increased pet spending, increased pet ownership by gen z and gen y adults, and emerging markets growth.
The pet food market size is expected to see strong growth in the next few years. It will grow to " $102.18 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for premium and organic pet food, influence of digital media marketing and social media, rising demand due to increase in stockpiling of pet food, increasing feeding of stray animals and other abandoned pets, and increasing demand for pets. Major trends in the forecast period include investing in facilities to produce quality grain-free dog food products, offering premium pet food products, using ecommerce platforms to sell products online, adopting automation technologies, focusing on offering customized food according to customer's needs, focusing on producing pet foods with organic ingredients, focus on gaining more subscribers, investing in CBD pet food for product differentiation, and investing in increasing their online sales channels and investing in R&D to develop new improved and premium products.
The forecast of 6.8% growth over the next five years remains unchanged from the previous projection for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US by increasing production costs for major brands, as tariffs on meat byproducts and grains from Brazil and Australia disrupt ingredient sourcing.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The anticipated growth in the pet food manufacturing market is bolstered by the stable economic growth forecasted in both developed and developing countries. According to the International Monetary Fund (IMF), the forecast for UK GDP growth in 2024 was recently increased from 0.7% to 1.1%, with an unchanged projection of 1.5% growth for 2025. This economic stability, alongside the expected recovery of commodity prices after a significant decline, is poised to positively impact the pet food market. Developed economies are also anticipated to maintain stable growth during the forecast period, while emerging markets are expected to exhibit slightly faster growth compared to their developed counterparts. As a result, this stable economic landscape is likely to boost investments in end-user markets, further driving the growth of the pet food market throughout the forecast period.
The increase in pet ownership is expected to be a driving force behind the growth of the pet food market in the coming years. Pet ownership involves the act of caring for and being responsible for one or more animals kept as pets. The rising trend of pet ownership and evolving attitudes toward pets as integral family members have spurred the demand for high-quality, specialized, and convenient pet food products. For instance, in March 2023, according to Improve International, a UK-based training provider, there are 38 million pets residing in approximately 57% of UK homes (16.2 million), reflecting a 9% increase from 35 million in 2022. Hence, the surge in pet ownership is a significant factor propelling the growth of the pet food market.
Major companies in the pet food market are increasingly focusing on innovative solutions, such as AI-powered dog food, to provide personalized nutrition tailored to the specific needs of individual pets. AI-powered dog food encompasses specialized nutrition products formulated using advanced artificial intelligence algorithms and data analysis. For instance, in January 2024, PawCo Foods, a U.S.-based operator of a subscription-based food platform, launched two innovative plant-based dog food products: InstaBites, a fresh shelf-stable option that combines the convenience of kibble with high-quality nutrition, and LuxBites, a premium fresh food enriched with postbiotics and fermented protein to enhance gut health and immunity. Both products feature PawCo's proprietary GreenMeat, the first fully plant-based meat designed for dogs, and utilize artificial intelligence to optimize nutrition and improve taste. This development reflects the growing trend of leveraging technology to meet the evolving demands of pet owners for healthier and more personalized pet food options.
Major companies are forging strategic partnerships to enhance profitability. An illustration of this strategy is evident in the partnership between Cranswick PLC, a UK-based food manufacturing company specializing in pet food, and Pets at Home. This strategic collaboration serves as a deliberate move by Cranswick to augment its market share within the pet food industry and drive expansion through a significant strategic client, with Pets at Home being a prominent UK-based pet care company.
Major companies operating in the pet food market include Mars, Incorporated, Nestle S.A., The J.M. Smucker Company, Colgate-Palmolive Company, Diamond Pet Foods Inc., General Mills, Inc., Archer Daniels Midland Company, Saturn Petcare GMBH, Unicharm Corporation, Tiernahrung Deuerer GmbH, Marukan Co. Ltd., Riverd Corporation Inc., Nippon Pet Food Co. Ltd., Glenand Group, Luscious, Pedigree, Yantai China Pet Foods Co. Ltd., Real Pet Food Company, Fressnapf, Monge & C. Spa, Pet Food UK, Burgess Pet Care, GA Pet Food Partners, Tekro, Brit, Marp Pet Food, Partner in Pet Food, Hill's Pet Nutrition, Nutreco, Canadian Jerky Company Ltd., Corey Nutrition Company Inc., Elmira Pet Products Ltd., Malta Cleyton, Brazilian Pet Foods S/A, Diana Pet Food Brasil (SPF), Neovia Group Brazil, Natural Pet Foods, Premier Pet, Bio-Pet Ltd., Tropikal Pet, Cagatay Pet Food, African Gazelle Products, Maneli Pets, RCL Foods, Martin & Martin Pty Ltd, PROMEAL
North America was the largest region in the pet food market in 2024. Western Europe was the second-largest region in the pet food market. The regions covered in the pet food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the pet food market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The pet food market consists of sales of dry dog food, dog treats, wet dog food, wet cat food, dry cat food, cat treats, and other pet food. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pet Food Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pet food market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pet food ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The pet food market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.