In 2024, the forecast for animal food sales in the U.S. stands at $37.793 billion, having experienced steady growth from previous years. Comparatively, in 2023, the market registered a slightly lower value. For the years from 2024 to 2028, a consistent upward trend is anticipated, with an average annual increase of roughly 0.85% based on the compound annual growth rate (CAGR) calculations. Year-on-year growth is modest yet stable, reflecting a resilient demand in the animal food market.
Future trends to monitor include consumer preferences toward premium, health-focused animal food products and sustainability practices influencing production and packaging. Additionally, innovations in pet nutrition fueled by technology and data analytics represent key areas for market expansion.
