The global pet food market is anticipated to grow at a significant CAGR during the forecast period. On one hand, COVID-19 imposed a negative impact on the supply chains. Due to the restrictions in the movement of raw materials, the pet food industry suffered initially in terms of supply and cash flow. On the other hand, demand for the pet food segment experienced steady growth in many parts of the world as people adopted more pets with the increasing desire for companionship during the lockdown. To address this demand, the players in the market have shifted their focus from retail stores to e-commerce platforms by growing their investments in developing their websites.
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The pet food industry has been performing well, even when the economic downturn. Over the long term, humanization trends are anticipated to remain the major drivers for market growth during the forecast period. Due to the rising pet humanization trend globally, there is a rising interest of pet owners over their pet health and nutrition, which in turn is estimated to accelerate the sales of organic, premium, and custom-made products over the study period.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Pet
o By Ingredients
o By Source
o By Form
- Competitive Landscape: Mars, Inc., Nestle Purina Petcare Company, Colgate-Palmolive Company (Hill’s Pet Nutrition, Inc.), The J.M. Smucker Company (Big Heart Pet Brands, Inc.), and Blue Buffalo Pet Products, Inc., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pet Food Market by Segment
By Pet
- Dog
- Cat
- Fish
- Others (rabbits, birds, and horses)
By Ingredients
- Cereals
- Vegetables & Fruits
- Fats
- Meat and meat products
- Additives
By Source
- Synthetic
- Plant-based
- Animal-based
By Form
- Dry
- Wet
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