Pet Food and Snacks Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028

Pet Food and Snacks Market: Definition/Overview

  • The pet food and snacks market has been witnessing expansion in the past few years, as the number of pet-related services has increased drastically. Pet food and snacks are available in different colors, sizes, ingredients, shapes, and health management options. All these advantages and features make pet food and snack highly popular globally. Pet food and snacks provide various health benefits to pets such as healthier skin, longer life, more energy, etc. All these factors are expected to increase the number of pet owners across the world, thus driving the global pet food and snacks market during the forecast period.

Global Pet Food and Snacks Market: Regional Overview

  • North America is expected to dominate the pet and snacks market. The region is expected to grow at a steady growth rate during the forecast period.

  • Asia Pacific pet food and snacks market is anticipated to witness rapid growth during the forecast period, due to the rise in the adoption of dogs as pets. Additionally, growth in purchasing power has also resulted in an increase in awareness of the health and hygiene of pets, thus fueling the growth of the Asia pacific pet food and snacks market.

Global Pet Food and Snacks Market: Trends

  • Growing preference for natural and organic pet food and snacks among pet owners

  • The growing popularity of online distribution channel across the world is expected to accelerate the pet food and snacks market during the forecast period

  • Premiumization has been driving the pet food and snacks market, and this has become a trend across the world and play a strong role in accelerating the market during the forecast period

Global Pet Food and Snacks Market: Drivers, Opportunities, and Restraints

  • Pet owners treat their pets as family members. Furthermore, the demographic shifts toward smaller households have encouraged consumers to adopt feline or canine companions.

  • Additionally, increasing incomes have also encouraged families to indulge in pets and provide more facilities to their pets

  • Increased acceptance for pet food products due to benefits provided by these products

  • Rapid implementation of stringent government policies for the health and safety of animals in emerging countries, such as India and China, is anticipated to drive the demand and create significant opportunities for the market during the forecast period

  • Growing sensitivity toward pets in humans is a key factor restraining the pet food and snacks market

Global Pet Food and Snacks Market: Key Segments

The global pet food and snacks market has been segmented based on form, ingredient, pet type, age group, end-user, price range, distribution channel, and region.

Pet Food and Snacks Market, by Form

  • In terms of type, the global pet food and snacks market has been divided into dry food and wet food. Dry pet food has been further segmented into less than 500 g, 501 - 950 g, 1 kg - 5 kg, and more than 5 kg. The wet food segment has been segmented into less than 500 g, 501 - 950 g, and more than 950 g.

Pet Food and Snacks Market, by Ingredient

  • Based on ingredients, the pet food and snacks market has been segmented into chicken, beef, fish, turkey, beet pulp, sweet potatoes, and others. Chicken is expected to be the most popular ingredient among pet owners across the world.

Pet Food and Snacks Market, by Pet Type

  • In terms of pet type, the global pet food and snacks market has been classified into dog, cat, and others

Pet Food and Snacks Market, by Age Group

  • In terms of age group, the global pet food and snacks market has been classified into a starter, adult, and senior

Pet Food and Snacks Market, by End User

  • In terms of end-user, the global pet food and snacks market has been classified into individual and commercial. The individual segment is expected to grow at the fastest growth rate during the forecast period.

Pet Food and Snacks Market, by Price Range

  • In terms of the price range, the global pet food and snacks market has been classified into mass and premium

Pet Food and Snacks Market, by Distribution Channel

  • Based on the distribution channel, the global pet food and snacks market has been bifurcated into online and offline, where the online segment has been sub-segmented into company-owned websites and e-Commerce websites. The offline segment has been sub-divided into hypermarkets/ supermarkets, brand stores, and specialty stores.

Pet Food and Snacks Market, by Region

  • In terms of region, the global pet food and snacks market has been classified into North America (U.S., Canada, and Rest of North America), Europe (U.K., Italy, France, Germany, and Rest of Europe), Asia Pacific (India, China, Japan, South Korea, Malaysia, Australia, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Argentina, Brazil, and Rest of South America). North America is expected to hold a major share of the global pet food and snacks market, followed by Europe. An increase in awareness about pet care is projected to boost the pet food and snacks market in the region. Moreover, the rising adoption of pets across South America and the Asia Pacific is anticipated is fueling the market growth during the forecast period.

Global Pet Food and Snacks Market: Competition Landscape

The pet food and snacks market is fragmented due to the presence of several players. Competition is expected to intensify in the near future with the entry of several local players. Some of the key players in the global market are Mars, Incorporated, Nestle Purina Petcare Company, Unicharm Corp, Hill's Pet Nutrition, Inc., Blue Buffalo Co., Ltd., The J.M. Smucker Company., WellPet LLC., Diamond Pet Foods, Inc., Tiernahrung Deuerer GmbH, NIPPON PET FOOD CO., LTD, and others.

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