The increasing need of healthy food in order to prevent over eating by pets is also driving the pet food market, globally. However, the rising rate of obesity in pets is a big concern for the consumers, acting as a major restraint in the pet food market. Also, allergy to pets with specific food products is also hindering the market growth followed by regulatory issues. With continual rise in the number of pet owners along with the adoption of pets is also resulting in the market growth. The need for variations in the taste of pet food and requirement of proper nutrients gives a potential opportunity to the companies operating in the pet food market. Further, the rise in demand for home delivery services and online sales is propelling the demand for pet food.
Market Classification and Overview
The pet food market is classified by product, pricing, animal type, sales channel and geography. The product segment is analyzed into wet pet food that includes grain free food and others; dry pet food including grain free and others; organic products, treats/snacks, veterinary diets and liquid food. By pricing, the global pet food market is segmented into super premium, premium and economic segments. The animal type segment is segmented into cat, dog, bird and other animals. The sales channel segment is bifurcated into hypermarkets, specialized pet shops, online sales and others (grocery stores and non-grocery stores). The geographical segment includes North America, Asia-Pacific, Europe, Latin America and Middle East & Africa.
North America dominates the pet food market owing to the spending capacity of consumers, government rules for pets and rising concern of consumers towards the health of pets. Europe is the second largest region in the global pet food market whereas; Asia-Pacific is noticing a high growth owing to the rising standard of living, rising concern of consumers towards their pets and increasing number of nuclear families.
|Market||Global Pet Food Market|
|Analysis Period||2014 – 2024|
|Historic Data||2014 – 2015|
|Forecast Data||2017 – 2024|
|Market Stratification||Product, Pricing, Animal Type, Sales Channel, Geography|
|Regional Scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)|
|Report Coverage||Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis|
Some of the key companies operating in the pet food market globally include BASF SE, Ingredion Incorporated, E. I. Du Pont De Nemours and Company, Roquette Frères, Omega Protein Corporation, Mars Inc, Archer Daniels Midland Company, Koninklijke DSM N.V., Colgate Palmolive Co., Del Monte Foods Co., The Scoular Company, Darling Ingredients Inc., John Pointon & Sons Ltd among others. The leading companies in the pet food market are committed to focus on continuous R&D for development of high quality pet food. The pet food industry provides high profit margin to the companies thereby, many small and medium sized companies are looking for opportunities by entering in the market.
Market By Product
o Grain free food
o Grain free food
Market By Pricing
Market By Animal Type
Market By Sales Channel
Specialized pet shops
Others (grocery stores and non-grocery stores)
Market By Geography
o Rest of Europe
o Rest of Asia-Pacific
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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