Global Pet Food Market Size Analysis, 2018-2028

REPORT ID: BKR666 Domain: Food & Beverages Published Date: April 2018

 

 

Global Pet Food Market Size Analysis

The global Pet Food market size is estimated to be valued over 72 billion in 2018 and will register a CAGR of 3.3% to create high revenue opportunity during the forecast period. The industry is at maturity scale with substantial consolidation. Millennial and growing e-commerce sales channel has led to higher sales in last few years. The industry is witnessing solid growth not only in terms of sales but also production.

Pet foods are primarily sold through pet stores and supermarkets. Pet owners prefer natural and organic pet food products as these products are safe, nutritive, and have greater quality than the conventional pet products. As owners treat pets as a part of their families, they provide their pets with premium products such as organic snacks and treats. Such requirements have prompted manufacturers to come up with pet food with new natural flavors, fruits, vegetables, and colorants.  The pet food segment will dominate the pet care market during the forecast period and is likely to capture over 85% of the total market share. As of 2017, Pet food market size is dominated by Cesar and Purina that are produced by Mars and Nestle.

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Global Pet Food Market Drivers and Challenges

Pet food market revenue is expected to be driven by various factors. Some key factors expected to boost the growth of the product are the rising per capita income which is leading to higher adoption of pets. Rising awareness regarding providing nutritive feed to pets and varied options available in market is boosting growth.

Online sales is gearing up in global pet foods market trend. As per the estimates, over 11% of total sales is shifted to online sales channel. The distribution channel is registering annual growth of over 15%. As such, it is expected that pet foods market supply will further consolidate towards online distribution in near future. Companies need to tap the growing opportunity by framing go-to-market strategy. Multinational companies such as Amazon has strategized their business priority on pet food market.

Suppliers are emphasizing on novel food ingredients for brand differentiation and thus capture a major chunk of the global share. As such, multi-vitamin and flavored products containing fruits and herbs is gaining traction worldwide.

Industry players are also emphasizing on pricing competitiveness. This particular strategy holds true to premium products. While premium products are in much demand in developed regions, economy food accounts for much larger share in Asia Pacific and Latin America.

Global Pet Food Market Analysis, By Pet

By Pet Type, the industry is analyzed across dog food, cat food, bird food, fish food, and others. Dog and Cat foods will collectively account for over 83% of total share in 2018. This is attributed to increased demand for quality care along with higher adoption of cats and dogs particularly in Asia Pacific. In North America, there are over 210 dogs per thousand people in the region – which is relatively higher compared to other regions.

Global Pet Food Market Analysis, By Food Type

By Food Type, the global pet food market size is segmented into nutritious food, dry food, wet or canned food, snacks and others.

The dry food segment accounts for over 40% of the market share due to its economic viability. The snacks/treats segment is the second largest and is predicted to be the fastest growing segment during the forecast period. As a result of the demand, vendors are coming up with higher quality products that cater to the teeth shapes of the pets.

Global Pet Food Market Size Analysis, By Packaging Type

On the basis of packaging, the global pet food market value is segmented into boxes or cartons, cans, pouches, bags and others

Bags are the most commonly packaging type used for pet food. The introduction of functional pet food has also affected the packaging of the pet food.

Global Pet Food Market Size Analysis, By Ingredient Type

By ingredient type, the pet food market sales is segmented into organic ingredients and scientifically formulated ingredients.

Organic ingredients will register fastest CAGR of above 6.1% during the forecast period.

Global Pet Food Market Analysis, By Distribution channel

By distribution channel, the pet food market revenue is segmented into hypermarket, supermarket, specialty pet care centers, online sales channel and veterinary hospitals and stores, and other general stores.

Among these, online sales channel is expected to be the most lucrative channel as most of the leading players are leveraging it to expand their business presence worldwide. Online sales channel accounted for over 11% of total sales and is expected to further increase to 20% by 2028. In U.S., Chewy and Amazon accounted for nearly 82% of online channel share. Many more entrants are emerging in the market – creating higher competitiveness in the segment.

Global Pet Food Market Size and Forecast: Regional Analysis

Globally, North America will reach over US$ 30 billion in 2018, registering significant growth primarily in premium products. The industry is highly competitive in North America, with significant presence of over 517 manufacturing facilities located in U.S. alone.

Western Europe is ranked next to North America in overall sales. Much of the sales in the region is concentrated to U.K. followed by Germany, France and Italy.

Latin America will be dominated by Brail. Brazil accounted for over 63% of regional sales in 2017.

Asia Pacific will register fastest growth owing to changing living styles and higher adoption of pets particularly in India and ASEAN region. Japan accounted for over 58% of regional sales in 2017. However, will lose major market share to ASEAN and India during the forecast period.

Global Pet Food Market Size and Forecast: Competition Landscape

The global Pet Food market share is consolidated. Companies are analyzed across different value chain – ranging from suppliers to distributors. Some key manufacturers and suppliers are The Procter & Gamble Company, Mars Petcare US Inc., Hill’s Pet Nutrition, Nestle Purina PetCare, Big Heart Pet Brands, Diamond Pet Foods, Heristo Aktiengesellschaft, Tiernahrung Deuerer GmbH, and WellPet LLC, Blue Buffalo Co., Ltd.  Some online sales channel distributors covered in the pet  food industry report are Amazon, Chewy, PetSmart, Petco, Petfooddirect, Petflow, and Walmart.

Pet Food Market Industry Segmentation

By Pets:

  • Dog Food
  • Cat Food
  • Bird Food
  • Fish Food
  • Others

By Food Type:

  • Nutritious Food
  • Dry Food
  • Wet or Canned Food
  • Snacks
  • Others

By Packaging Type:

  • Boxes
  • Cartons
  • Cans
  • Pouches
  • Bags
  • Others

By Ingredient Type:

  • Organic Ingredients
  • Scientifically Formulated Ingredients

By Distribution Channel:

  • Hypermarket
  • Supermarket
  • Specialty pet care centers
  • Online sales channel
  • Veterinary hospitals and stores
  • Other General Stores

What Will You Discover in the Report?

  • An in-depth analysis of the Pet Food market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Pet Food market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Pet Food market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Pet Food industry during the forecast period
  • Who are the Pet Food industry leaders and what are the key initiatives taken by them for long term growth

Analyst access with Bekryl Market Analysts

Purchasing of Pet Food market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Pet Food Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Pet Food Market Value
    • Overall Market Forecast
    • Pet Food Growth Outlook, By Segments
    • Pet Food Growth Scenario, by Region
  6. The Pet Food Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain and Distribution Analysis
    • Growth Factor Analysis
    • Key Industry Players By Region
  7. The Pet Food Industry Dynamics
    • Drivers
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition
    • Regulatory Compliances, By Selected Countries
    • Key Industry Developments
  8. The Pet Food Market Pricing Analysis
    • Pet Food Product Pricing Forecast
    • Pricing Analysis By Region
    • Pricing Trends
  9. Global Pet Food Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Industry Predictive Analysis
    • Pet Food Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Pet Food Market Size and Forecast, (2017-2027)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Pet Food Industry Size and Forecast, By Segments

By Pets:

  • Dog Food
  • Cat Food
  • Bird Food
  • Fish Food
  • Others

By Food Type:

  • Nutritious Food
  • Dry Food
  • Wet or Canned Food
  • Snacks
  • Others

By Packaging Type:

  • Boxes
  • Cartons
  • Cans
  • Pouches
  • Bags
  • Others

By Ingredient Type:

  • Organic Ingredients
  • Scientifically Formulated Ingredients

By Distribution Channel:

  • Hypermarket
  • Supermarket
  • Specialty pet care centers
  • Online sales channel
  • Veterinary hospitals and stores
  • Other General Stores
  1. North America Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • North America Pet Food Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • North America Pet Food Market, By Segments (As mentioned in section 10 of TOC)
    • S. Pet Food Market Size and Forecast, By Segments
    • Canada Pet Food Market Size and Forecast, By Segments
  2. Latin America Pet Food Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Latin America (South America) Pet Food Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • Latin America Pet Food Market, By Segments (As mentioned in section 10 of TOC)
    • Brazil Pet Food Market Size and Forecast, By Segments
    • Argentina
    • Mexico
    • Rest of Latin America

(Pet Food industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Western Europe Pet Food Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Western Europe Pet Food Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Western Europe Pet Food Market, By Segments (As mentioned in section 10 of TOC)
    • Germany Pet Food Market Size and Forecast, By Segments
    • UK
    • France
    • Spain
    • Italy
    • NORDIC
    • Switzerland
    • Rest of Western Europe

(Pet Food industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Central and Eastern Europe (CEE) Pet Food Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Central and Eastern Europe Pet Food Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Central and Eastern Europe Pet Food Market, By Segments (As mentioned in section 10 of Pet Food Market TOC)
    • Russia Pet Food Market Size and Forecast, By Segments
    • Poland
    • Ukraine
    • Rest of CEE

(Pet Food industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Asia Pacific Pet Food Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Asia Pacific Pet Food Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Asia Pacific Pet Food Market, By Segments (As mentioned in section 10 of TOC)
    • Japan Pet Food Market Size and Forecast, By Segments
    • China
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific

(Pet Food industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Middle East Pet Food Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Middle East Pet Food Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Middle East Pet Food Market, By Segments (As mentioned in section 10 of TOC)
    • GCC Pet Food Market Size and Forecast, By Segments
    • Israel
    • Rest of Middle East

(Pet Food industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Africa Pet Food Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Pet Food Industry Size and Forecast, (2017-2027)
    • Africa Pet Food Industry Share (%)
    • Africa Pet Food Industry Growth Forecast (%)
    • South Africa Pet Food Market Size and Forecast, By Segments
    • Algeria
    • Nigeria

(Pet Food industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Pet Food Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • Key Suppliers/Manufacturers
        • The Procter & Gamble Company
        • Mars Petcare US Inc.
        • Hill’s Pet Nutrition
        • Nestle Purina PetCare
        • Big Heart Pet Brands
        • Diamond Pet Foods
        • Heristo Aktiengesellschaft
        • Tiernahrung Deuerer GmbH
        • WellPet LLC, Blue Buffalo Co., Ltd
      • Online Sales Distributors
        • Amazon
        • Chewy
        • PetSmart
        • Petco
        • Petfooddirect
        • Petflow
        • Walmart
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies)

To access the detailed Pet Food industry TOC and sample research pages, download sample.

Pet Food Market Report Structure

Pet Food Industry Dynamics

This section enables Pet Food industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Pet Food market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Pet Food industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Pet Food Industry Trends
  • Pet Food Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Pet Food Industry Experts Market Opinion

Industry Analysis, By Segments

Industry stakeholders receive detailed analysis of the Pet Food industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Pet Food industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

 

Regional Market Analysis

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Pet Food market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

Country Profiles

Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any

North America Pet Food Market Size

  • S.
  • Canada

Latin America Pet Food Market Size

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

(*Pet Food Market value analyzed across each Latin America country)

Western Europe Pet Food Market Size

  • Germany
  • UK
  • France
  • Switzerland
  • Spain
  • Italy
  • NORDIC
  • Rest of Western Europe

(*Pet Food Market value analyzed across each Western Europe country)

Central and Eastern Europe Pet Food Industry Analysis

  • Russia
  • Poland Meat
  • Ukraine Meat
  • Rest of Eastern Europe

(*Pet Food Market value analyzed across each Central and Eastern Europe country)

Asia Pacific Pet Food Industry Size

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN Meat
  • Rest of Asia Pacific

(*Pet Food Market value analyzed across each Asia Pacific country)

Middle East Pet Food Industry Size

  • GCC
  • Israel
  • Rest of Middle East

(*Pet Food Market value analyzed across each Middle East country)

Africa Pet Food Industry Size

  • South Africa
  • Algeria
  • Nigeria
  • Rest of Africa

Pet Food Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Pet Food Market Growth Forecasting Methodology

In order to prepare historical data and analyze Pet Food market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Pet Food market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Pet Food industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Pet Food industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

Pet Food Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

 

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