The North American pet food market has been estimated at USD 31.19 billion in 2023 and is projected to reach USD 37.36 billion by 2028, growing at a CAGR of 3.67% during the forecast period from 2023 to 2028.
Pet food is made out of plant or animal material for the proper feeding of pet animals. Animals need a certain combination of protein, carbohydrates, fats, vitamins, minerals, and water every day in order to function normally. Necessary vitamins and minerals are included in complete and balanced pet foods.
Pet owners' concern for pets and changing consumer perceptions of pet health are the major reasons behind the growth of the pet food market. The recent rise in the concept of pet humanization, where the pets are being treated with increased care and hygiene is also helping to fuel the demand for pet food products.
Pet allergies and the rise in overeating and lack of physical exercise, due to which obesity in a pet is increasing, are constraining the market growth because pet owners prefer other healthy substitutes.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2028 |
Base Year |
2022 |
Forecast Period |
2023 to 2028 |
CAGR |
3.67% |
Segments Covered |
By Ingredients, By Animal Type, and Country |
Various Analyses Covered |
Regional and country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
US, Canada, and the Rest of North America |
Market Leaders Profiled |
Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center |
This research report on the North American pet food market is segmented and sub-segmented into the following categories.
North America Pet Food Market- By Ingredients:
North America Pet Food Market - By Animal Type:
North America Pet Food Market – By Country:
The Pet market is being driven mostly by the North American Region which has the largest market share. The North American market is being mainly driven by the US primarily due to sluggish economic growth.
KEY MARKET PLAYERS:
The North American pet food industry is highly concentrated, with ten major players together accounting for more than 50% of the market share, and the remaining market share is distributed among a large number of small manufacturers. Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina PetCare, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, Purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC. are the major companies in the market.
FAQ's
As of the latest data, the Pet Food Market in North America is estimated to be valued at USD 31.19 billion.
North America's pet food market is expected to reach USD 37.36 billion by 2028, growing at a CAGR of 3.67% during the forecast period from 2023 to 2028.
The Pet Food Market in North America addresses concerns about pet protein, carbohydrates, fats, vitamins, minerals, and water every day in order to function normally. Necessary vitamins and minerals are included in complete and balanced pet foods.
Dogs and cats are the primary pet species driving the Pet Food Market in North America, with a diverse range of formulations catering to their nutritional needs.
. Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina PetCare, Nisshin Saifun Group INC. etc... are some of the major key players involved in this market.
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