Pet Food Industry Market Research & Statistics

 
  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
4 votes
Share

Global Pet Food Industry

 

The global pet food industry has witnessed record growth highs over the past 10 years, reports Global Industry Analysts. The pet food sector is among the fastest-growing sectors within the food industry. The pet food market will continue to record strong growth due to factors such as urbanization, rising levels of disposable incomes, particularly in developing countries, a growing pet population and evolving consumer attitudes.

 

Consumers are becoming increasingly aware of the health benefits of a nutrient-dense diet not only for themselves but also for their pets. This trend has fuelled market growth in the organic pet food segment and points to vast potential for pet food manufacturers ready to adapt to meet changing consumer demand for healthier food products.

 

Key Segments

 

  • Dry pet food represents a larger segment than wet pet food, in large part due to the lower prices of dry food products, reports Global Industry Analysts. In developed markets, dry pet food demand continues to rise due to its convenience and better pricing as well as consumer awareness as to the health advantages of dry food over wet food.

 

  • Fresh pet food is benefiting from increasing consumer awareness as to the health benefits of fresh food. Pet owners are opting for fresh food to encourage optimal pet health. Fresh food is not exposed to high heat during the production process, boosting the food’s natural nutritional content. Raw diets are promoted for their ability to lessen allergies and as a way of treating gastrointestinal ailments. Demand for fresh pet food is also being fuelled by product innovation facilitated by technology advances. Other factors driving fresh pet food market growth include consumer concern regarding food safety following pet food recalls, convenience and strong growth in the natural/organic market segment.

 

 

Industry Leaders

 

Leading players operating in the global pet food market include Royal Canin, Nestle Purina, Mars, Procter and Gamble, Agrolimen, Del Monte Foods, Total Alimentos, Nutriaria Alimentos and Hill’s Pet Nutrition.

 

 

Regional Market Share

 

  • Developing markets, including Africa, the Middle East and Latin America, should see rising product availability in the pet foods sector encourage consumers to give their pets prepared food, reports Global Industry Analysts. Consumer spending will, however, depend on the macroeconomic climate in these regions. In other emerging markets (such as Brazil and China), rising levels of disposable income are expected to push consumers to opt for prepared food.

 

  • Changing consumer trends show that pet owners are spending more than ever before on their pets. Manufacturers are adapting their product range to appeal to owners of older pets by marketing food based on its ability to improve immunity or address kidney health issues, for example. Owners in developing markets like India are following Western trends, are purchasing tortoises and reptiles, creating demand for specific pet food.

 

  • Euromonitor International estimates dog food sales were up by 4% in terms of value and 1% in terms of volume in 2011, mostly due to increased consumer confidence and rising pet ownership rates. Humanization of pets is also expected to stimulate market growth as it fuels prices, thereby boosting value sales to a higher rate than volume sales.

 

  • Demand for cat food pushed value sales up 3% in 2011, reports Euromonitor International. Cat food sales in terms of volume saw a 1% increase in the same year. Though the cat population was in decline for two years, cat ownership rates picked up again. This, combined with the fact that cat owners are spending more on caring for their cats, is expected to continue driving demand for cat food products. 

 

 

Market Outlook

 

Pet food sales are forecast to continue growing as pet owners respond to premium food offerings, new products and high availability combined with good exposure at retail level, according to research from Global Industry Analysts. Demand will also be driven by pet owners caring for older pets and manufacturers catering to their specific needs. Consumers will continue opting more for natural remedies to avoid giving their pets pharmaceuticals, boosting demand in this sector.

 

Pet food manufacturers are expected to continue growing their product ranges to cater to pets with special needs, including grain-free pet foods, condition-specific functional foods and foods for weight loss.

 

 

Leading Industry Associations

 

ReportLinker.com offers immediate download access to top market reports & statistics on the Pet Food Industry from trusted sources.
1-10 of about 200 reports

Pet Food Industry in the US

  • January 2015
    52 pages
  • Pet Food  

    Non metallic Mi  

  • United States  

View report >

Pet Food Industry in Europe

  • April 2014
    87 pages
  • Pet Food  

  • Europe  

    World  

    North America  

View report >

Pet Food Industry in Germany

  • November 2014
    82 pages
  • Pet Food  

  • Germany  

    Europe  

View report >

Pet Food Industry in Europe and Italy

  • January 2014
    9 pages
  • Pet Food  

  • Europe  

    Italy  

    United States  

View report >

Pet Food Markets in the UK

  • October 2013
    18 pages
  • Pet Food  

  • United Kingdom  

    Europe  

    World  

View report >

Pet Food Markets in Brazil

  • July 2013
    16 pages
  • Pet Food  

  • Brazil  

    South America  

    Canada  

View report >

Pet Food Forecast Statistics in Russia

  • January 2013
    7 pages
  • Pet Food  

  • Russian Federat  

    United States  

View report >

Pet Food Demand Analysis in Singapore

  • February 2013
    15 pages
  • Pet Food  

    Cat Food  

    Dog Food  

  • Singapore  

    Asia  

    Canada  

View report >

Pet Food Markets in Australia

  • January 2013
    8 pages
  • Pet Food  

  • Australia  

    Oceania  

View report >

Pet Food Markets in Australia

  • January 2013
    8 pages
  • Pet Food  

  • Australia  

    Oceania  

View report >

Search in Pet Food Industry (About 200 reports)
Topics under Pet Food

Parent industry:  Packaged Food

Related industries: Dried Food, Frozen Food, Canned Food, Cooked Food, Chilled Food, Baby Food

About 800 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 123 - $ 3 534)

The Canned Products Market in Europe (24 countries)

The Canned Products Market in Europe (24 countries)

  • $ 3 958
  • Industry report
  • March 2015
  • by FFT

** The Canned Products Market in Europe (24 countries) ** Market demand for years 2009, 2013, 2014 and forecasts for years 2015, 2016 and 2017. Company market shares and brands for 2015 and continuously ...

2015 Deep Research Report On Global Pet Foods Industry

January 2015 $ 2 600

Pet Food Market In The Us 2015-2019

March 2015 $ 2 500

Petfoods North America, Europe And Brics

March 2015 $ 2 617

The Petfoods Market In Europe (24 Countries)

March 2015 $ 2 254

Pet Care In Thailand

January 2015 $ 1 895

Pet Care In The Czech Republic

January 2015 $ 1 895

Pet Care In Bulgaria

January 2015 $ 1 895

Pet Care In Slovakia

January 2015 $ 1 895

Pet Care In Romania

January 2015 $ 1 895

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.