The Pet Food Market is being driven by Growing demand for organic pet food
The Pet Food Market is expected to grow at a CAGR of 6.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 44.1 billion. In the dynamic pet food market, numerous businesses are investing in the development of savory-infused pet food offerings. Nestle SA, a leading industry player, has introduced PRO PLAN SAVOR SHREDDED BLEND, a specialty line for cats, which combines textured kibble with tender meat. This trend of pet food enriched with savory ingredients is projected to expand significantly as more companies launch similar products throughout the forecast period. Additionally, the rising popularity of smaller dog breeds necessitates the production of pet food in smaller portions to cater to their unique needs.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
207 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.3% |
Market growth 2025-2029 |
USD 44.1 billion |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
5.8 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), US, UK, Japan, Canada, Brazil, France, China, Germany, UAE, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the pet food market, key areas of focus include the use of high-quality ingredients, ensuring nutritional values meet animal needs, adhering to food safety standards, implementing manufacturing processes and quality control systems, and formulating product declarations. Animal nutrition, digestive health, and allergy prevention are essential considerations, as are shelf life extension, product testing, and supply chain management. Packaging materials, sensory evaluation, consumer preferences, and health benefits are also important, along with life stage nutrition, pet breed needs, probiotic efficacy, prebiotic effects, omega-3 sources, antioxidant activity, moisture control, texture analysis, ingredient interactions, nutrient bioavailability, processing technology, quality assurance, sustainable sourcing, and regulatory compliance.
The pet food market encompasses businesses engaged in the production and processing of pet food, focusing on ensuring food safety and enhancing palatability through methods such as protein sourcing, digestibility testing, and nutritional profiling. Protein sources, a critical factor, include meat meals and plant-based proteins, ensuring optimal amino acid profiles for various species. Palatability is assessed through sensory evaluation and feeding trials, while digestibility is tested via in vitro and in vivo methods. Crude fiber content is monitored to maintain appropriate levels for various pet species' digestive systems. The market's growth is influenced by factors such as increasing consumer awareness of pet nutrition and the availability of advanced processing technologies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
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