US Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

US Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • May 2022 •
  • 102 pages •
  • Report ID: 4715195 •
  • Format: PDF
The US pet food market reached a value of US$ 40.6 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 51.5 Billion by 2027, exhibiting a CAGR of 4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Pet food refers to the food product formulated to ensure palatability and meet the nutritional requirements of domesticated animals. Some of the ingredients used to prepare pet food are meat, peas, corn, barley, seafood, feed grain and poultry. Pet food also offers several health benefits, such as boosting immunity, improving life expectancy, maintaining a healthy weight, reducing the risk of skin ailments and allergies, and minimizing digestive disorders. In recent years, the humanization of pets has encouraged owners to treat their pets like family. The rising concern for pets’ well-being and healthy growth has increased owner’s expenditure on nutritious pet food. Consequently, manufacturers are focusing on resourcing ethically viable products and incorporating changes in the manufacturing process.

US Pet Food Market Trends:
In the US, the increasing adoption of pets due to the high prevalence of family nuclearization represents the primary factor bolstering the pet food industry across the country. Besides this, with high-income levels and changing consumer preferences, the demand for packaged and branded pet food has increased across the country. Moreover, the wide availability of natural pet food and the emergence of e-commerce platforms have also augmented the market growth. Furthermore, the changing perceptions of pet ownership and growing awareness among pet owners about pet health have promoted the demand for nutrient-rich and energy-dense pet food products that are healthy and safe for consumption. As a result, numerous manufacturers have introduced organic and natural food products free from synthetic fertilizers, pesticides, antibiotics, artificial coloring, and chemical by-products. In addition, they have also developed innovative product variants with flavor enhancers and prolonged shelf life.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the US pet food market, along with forecasts for the period 2022-2027. Our report has categorized the market based on pet type, product type, pricing type, ingredient type and distribution channel.

Breakup by Pet Type:
Dog Food
Cat Food
Others

Dog food currently dominates the market, holding the largest share.

Breakup by Product Type:
Dry Pet Food
Wet and Canned Pet Food
Snacks and Treats

At present, dry pet food represents the largest segment as it is relatively cost-effective as compared to its counterparts.

Breakup by Pricing Type:
Mass Products
Premium Products

Amongst these, mass products account for the majority of the total market share.

Breakup by Ingredient Type:
Animal Derived
Plant Derived

Presently, animal derived ingredients exhibit dominance in the market, holding the largest share.

Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Online
Others

On the basis of distribution channels, the majority of pet food is distributed through supermarkets and hypermarkets in the US.

Competitive Landscape:
The competitive landscape of the market has also been analyzed, with some of the key players being Nestlé Purina PetCare, Mars Petcare Inc., Big Heart Pet Brands, Hill’s Pet Nutrition, Diamond Pet Foods and Blue Buffalo.

Key Questions Answered in This Report?
How has the US pet food market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the US pet food industry?
What are the major pet types in the US pet food industry?
What are the key product types in the US pet food industry?
What are the key ingredient types in the US pet food industry?
What are the key distribution channels in the US pet food industry?
What are the breakup in the US pet food industry on price basis?
What are the price trends of pet food?
What are the various stages in the value chain of the US pet food industry?
What are the key driving factors and challenges in the US pet food industry?
What is the structure of the pet food industry and who are the key players?
What is the degree of competition in the pet food industry?
What are the profit margins in the pet food industry?
What are the key requirements for setting up a pet food manufacturing plant?
How is pet food manufactured?
What are the various unit operations involved in a pet food plant?
What is the total size of land required for setting up a pet food plant?
What are the machinery requirements for setting up a pet food plant?
What are the raw material requirements for setting up a pet food plant?
What are the packaging requirements for pet food?
What are the transportation requirements for pet food?
What are the utility requirements for setting up a pet food plant?
What are the manpower requirements for setting up a pet food plant?
What are the infrastructure costs for setting up a pet food plant?
What are the capital costs for setting up a pet food plant?
What are the operating costs for setting up a pet food plant?
What will be the income and expenditures for a pet food plant?
What is the time required to break-even?