Dublin, April 07, 2025 (GLOBE NEWSWIRE) -- The "Pet Food and Treats Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering.
The Pet Food and Treats Market was valued at USD 138.9 billion in 2024, and is projected to reach USD 246.4 billion by 2034, rising at a CAGR of 6.1%. Increased spending on premium pet food is driving demand for high-quality ingredients as pet owners prioritize their pets' health and well-being. Consumers are seeking novel ingredients that offer both nutritional benefits and enhanced taste. This trend, known as premiumization, is creating opportunities for innovative formulations designed to cater to pets' dietary needs while maintaining superior quality.
With pets increasingly seen as family members, owners are willing to invest in premium pet food products that feature recognizable, high-quality ingredients. The market differentiates premium pet food by including real meat sources, fruits, vegetables, and whole grains while avoiding fillers, by-products, and artificial additives. The dry food segment held a 34.5% share of the pet food and treats market in 2024, owing to its widespread acceptance and convenience.
Standard pet food contains approximately 14 to 17 percent meat and meat by-products, along with cereals, grains, vitamins, and minerals. In the United States alone, over 300 manufacturers produce around 7 million tons of pet food annually, offering a vast selection ranging from dry and canned options to semi-moist varieties, biscuits, kibbles, and treats. Dry pet food generally contains 10 to 12 percent moisture, whereas wet food has a moisture content ranging from 70 to 80 percent.
The cat food segment accounted for over 43.5% of the pet food and treats market in 2024, while the demand for dog food is rising at a faster rate, registering 6.2% higher growth compared to other pet categories. Both dog and cat dry food sales experienced significant growth in 2022 and 2023. Sales of dry dog food reached USD 1.3 billion, reflecting a 19.7% increase, while dry cat food sales amounted to USD 0.6 billion, marking a 21.8% growth. Wet dog and cat food sales also expanded by 12.5% and 14.6%, respectively.
Extruded dry kibble remains the dominant choice in the pet food market, accounting for 57% of sales. Additionally, over 60% of dog owners and 69% of cat owners regularly feed their pets kibble, despite a percentage of pets also consuming canned food daily. In 2024, the market was segmented by ingredient type into proteins, cereals and vegetables, fats and oils, and vitamins and minerals. Functional foods commanded a 37.6% revenue share, serving as a foundation for nutritionally complete commercial pet food.
The rising interest in vegan and grain-free pet food options is fueling demand for alternative ingredients, particularly fruits and vegetables, to enhance taste, texture, and flavor. The US pet food and treats market reached USD 47.7 billion in 2024, with approximately 55% of revenue coming from alternative formats beyond kibble, including canned, semi-moist, and refrigerated pet food. While refrigerated pet food currently holds a modest 4% share, it is expanding at an annual growth rate of 35%.
Market Impact Forces
- Growth drivers
- Rising demand for premium pet food
- Increasing pet adoption rates globally
- Expansion of e-commerce pet food sales
- Industry pitfalls & challenges
- High costs of premium pet food
- Stringent pet food safety regulations
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter's Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 220 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value (USD) in 2024 | $138.9 Billion |
| Forecasted Market Value (USD) by 2034 | $246.4 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
2.1 Industry synopsis, 2021-2034
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Rising demand for premium pet food
3.6.1.2 Increasing pet adoption rates globally
3.6.1.3 Expansion of e-commerce pet food sales
3.6.2 Industry pitfalls & challenges
3.6.2.1 High costs of premium pet food
3.6.2.2 Stringent pet food safety regulations
3.7 Growth potential analysis
3.8 Porter's analysis
3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, by Product Type, 2021-2034 (USD Billion) (Kilo Tons)
5.1 Key trends
5.2 Cookies, biscuits, snacks
5.3 Canned food
5.4 Bones
5.5 Dry food
5.6 Sticks
5.7 Others (Freeze-dried food, etc.)
Chapter 6 Market Estimates and Forecast, by Pet Type, 2021-2034 (USD Billion) (Kilo Tons)
6.1 Key trends
6.2 Dogs
6.3 Cats
6.4 Others (fish, birds, hamsters, etc.)
Chapter 7 Market Estimates and Forecast, by Ingredient Type, 2021-2034 (USD Billion) (Kilo Tons)
7.1 Key trends
7.2 Proteins
7.2.1 Chicken
7.2.2 Beef
7.2.3 Fish (salmon, tuna)
7.2.4 Turkey
7.2.5 Lamb
7.3 Cereals & Vegetables
7.4 Fats and oils
7.5 Vitamins & Minerals
7.6 Others (Flavour Enhancers, Specialty Supplemental, etc.)
Chapter 8 Market Estimates and Forecast, by Packaging, 2021-2034 (USD Billion) (Kilo Tons)
8.1 Key trends
8.2 Cans
8.3 Pouches
8.4 Bags
8.5 Carton
8.6 Others (tins, tubs, etc.)
Chapter 9 Market Estimates and Forecast, by Life Stage, 2021-2034 (USD Billion) (Kilo Tons)
9.1 Key trends
9.2 Puppy/kitten
9.3 Adult pet
9.4 Senior pet
Chapter 10 Market Estimates and Forecast, by Special Dietary Needs, 2021-2034 (USD Billion) (Kilo Tons)
10.1 Key trends
10.2 Weight management
10.3 Grain-free
10.4 Hypoallergenic
10.5 Organic/natural
10.6 Raw/freeze-dried
Chapter 11 Market Estimates and Forecast, by Price Range, 2021-2034 (USD Billion) (Kilo Tons)
11.1 Key trends
11.2 Low
11.3 Medium
11.4 High
Chapter 12 Market Estimates and Forecast, by Distribution Channel, 2021-2034 (USD Billion) (Kilo Tons)
12.1 Key trends
12.2 Online
12.2.1 E-commerce
12.2.2 Company websites
12.3 Offline
12.3.1 Supermarkets/grocery stores
12.3.2 Pet specialty stores
12.3.3 Retailers
12.3.4 Veterinary clinics
Chapter 13 Market Estimates and Forecast, by Region, 2021-2034 (USD Billion) (Kilo Tons)
13.1 Key trends
13.2 North America
13.2.1 U.S.
13.2.2 Canada
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Spain
13.3.5 Italy
13.3.6 Russia
13.4 Asia-Pacific
13.4.1 China
13.4.2 India
13.4.3 Japan
13.4.4 Australia
13.4.5 South Korea
13.5 Latin America
13.5.1 Brazil
13.5.2 Mexico
13.6 Middle East and Africa
13.6.1 Saudi Arabia
13.6.2 South Africa
13.6.3 UAE
Chapter 14 Company Profiles
- Agrolimen S.A.
- Big Heart Pet Brands Inc.
- Blue Buffalo Pet Products Inc.
- Diamond Pet Foods
- Freshpet
- General Mills Inc.
- Heristo AG
- Hill's Pet Nutrition Inc.
- Mars Petcare US Inc.
- Nestle Purina PetCare Company
- Nisshin Pet Food Inc.
- Nutriara Alimentos Ltda
- The J.M. Smucker Company
- WellPet LLC
For more information about this report visit https://www.researchandmarkets.com/r/yyiq20
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