According to Future Market Insights (FMI), the demand for pet food in the United States is anticipated to rise at a lucrative CAGR of 4.0% during 2023 to 2033. The market is further expected to reach USD 60,234.0 million by 2033, growing from USD 40,860.8 million in 2023.
Key Trends Listed by Future Market Insights (FMI):
Demand for pet food products is expected to be driven by a rising consumer trend towards pet adoption as well as growing concerns about their health. Improving the overall performance and digestion of pets through the consumption of wholesome food is also driving market growth.
The pet food products offered in the United States market rarely changes. This, in turn, has encouraged manufacturers to comprise innovative and multi-functional components in their pet food to reduce this same bias.
Convenience could play an important role in driving the sector, given the growing popularity of processed pet foods. The remaining segment is organic pet food, a new rising trend in the market.
The growing accessibility of organic products comes in a variety of flavors and includes vital ingredients like antioxidants and probiotics that are likely to have a positive influence on pets’ health.
On the other hand, the low product penetration due to high prices may hinder the organic growth of this segment as every household will not be able to afford high-priced products.
The market value chain is categorized by the appropriate occurrence of manufacturers, raw material suppliers, distributors, and end users. Raw materials used for manufacture are diverse. These include meat, grains, meat by-products, special grains and proteins of animal origin, flavors, sweeteners, vitamins, minerals, and enzymes, with other ingredients.
Manufacturers frame these products according to the animal's standard nutritional requirements. Raw meat is processed/washed to separate the protein, water, and fat components. The manufacturing procedure also includes grinding, cooking, and mixing the raw materials with several other ingredients.
Raw materials used in each segment of pet food products are primarily commodities and agricultural products. Cereals, fruit, and animal protein powders, among other ingredients, were purchased from a variety of suppliers. The quality, cost, and availability of these components have varied in the past and are projected to fluctuate in the forthcoming years as well.
Additionally, United States pet food trends show a growing understanding and awareness of dietary sensitivities and unique nutritional needs. Due to worries about infections, and intolerances in pets, grain-free, organic, and natural pet food products have become popular.
Alternatives to conventional proteins like chicken or cattle include new protein sources like duck or fish. This enables pet owners to adapt to unique dietary requirements and address specialized nutritional demands.
| Attributes | Key Insights |
|---|---|
| United States Pet Food Market Estimated Size (2023E) | USD 40,860.8 million |
| Projected Market Value (2033F) | USD 60,234.0 million |
| Value-based CAGR (2023 to 2033) | 4.0% |
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The Future Market Insights (FMI) report shows that from 2018 to 2022, United States pet food sales increased at a CAGR of 3.0%. The market for pet food in the United States is anticipated to grow at a 4.0% CAGR from 2023 to 2033.
Pet owners and their pets share a strong bond, which is seen in the growing demand for pet food in the United States. With 85 million households currently having several pets, there is a steady rise in demand for premium pet food products in the market.
Specialized and fortified pet food products that cater to specific nutritional needs and requirements of pets are also gaining popularity in the United States market.
The impact of e-commerce is another important development in the American pet food sector. Online retailers have completely changed the way pet owners buy pet food by providing convenience, a wide variety of options to choose from, and at affordable prices.
Furthermore, direct-to-consumer (DtoC) business models have appeared, enabling pet food manufacturers to interact directly with consumers, do away with middlemen, and improve control over the customer experience.
The United States pet food industry is being propelled with an increasing focus on the quality, adaptability, and convenience of products than on the affordability of pet food products. These changing consumer demands and preferences have resulted in continuous improvements and developments in the formulation of pet food products.
The United States pet food business is anticipated to grow in the coming years due to continual developments and strong bonds between pet owners and their animals.
Pet owners' purchasing decisions are often influenced by price. An economic downturn or fluctuations in disposable income can cause consumers to seek out more affordable options or reduce spending in this category.
Demand for premium, natural pet foods is on the rise, driven by customer preference for higher quality ingredients. This trend may prompt traditional pet food manufacturers to adapt their products to meet changing consumer needs.
As consumer preferences shift to more sustainable, ethically sourced and environmentally responsible products, pet food companies may need to regulate formulations and packaging. The growth of e-commerce sales channels may affect traditional pet food distribution models.
Demographic changes, such as declining birth rates or changes in urbanization, can affect pet ownership rates. Companies should monitor these trends to understand potential changes in their target market.
As research into animal health and nutrition advances, consumer prospects about the quality and nutritional benefits of pet food may increase. International trade dynamics, tariffs and geopolitical factors can affect the import and export of pet food and feed ingredients, affecting prices and availability
Principal Consultant
Global Insect-based Pet Food:
| Attributes | Global Insect-based Pet Food |
|---|---|
| CAGR (2023 to 2033) | 10% |
| Market Value (2033) | ~USD 3,448.5 million |
| Growth Factor | The demand for meat for protein in pet food is rising. Insect-based pet food is a viable alternative to cater to the demand for protein sources in pet food and feed. |
| Opportunity | Insect-based pet food offers an environment-friendly solution to the rising demand for protein. The key reason for the increasing popularity of insect-based pet food revolves around sustainability. |
| Key Trends | Insects, like black soldier flies, have high protein content and hold potential in animal nutrition as feed ingredients. The presence of amino acids in certain insect ingredients can be a potential alternative to conventional protein sources. |
Wet Pet Food Market:
| Attributes | Wet Pet Food Market |
|---|---|
| CAGR (2023 to 2033) | 5.5% |
| Market Value (2033) | ~USD 37.7 billion |
| Growth Factor | Wet pet food has higher water content as compared to dry pet food which helps the pets to stay hydrated and healthy. |
| Opportunity | Wet pet food contains high moisture levels, which keeps the pet hydrated and helps them avoid urinary infections. Wet food is ideal for overweight pets since it contains more protein and fewer carbohydrates. |
| Key Trends | Manufacturers have expanded their wet pet food portfolio specifically for dogs in response to rising consumer demand for premium and high-end dog food products and dog adoptions. |
Fortified Pet Food:
| Attributes | Fortified Pet Food |
|---|---|
| CAGR (2023 to 2033) | 7.0% |
| Market Value (2033) | ~USD 16,067.06 million |
| Growth Factor | Modern-day pet owners are aware and informed about the food they feed their companions. Claims like clean label, organic and natural are driving the demand for healthy and fortified products. |
| Opportunity | Pet owners seek fortified pet food options with added vitamins, minerals, antioxidants, and beneficial ingredients, as there is an increased inclination towards pet health. |
| Key Trends | The incorporation of extra nutrients and fortifications into pet food formulas has become simpler because of improvements in pet food production technology. This has created awareness among consumers and hence fortified pet food is experiencing a surge in demand. |
As per a Future Market Insights (FMI) analyst, the United States pet food market is expected to reach a valuation of around USD 60,234.0 million by 2033.
The need for specialized diets to address particular nutritional requirements among pets is growing in the United States. Demand for dry dog food is leading in terms of value and volume.
Modern-day pet owners are looking for pet food options according to their pets’ age, breed, and particular medical needs. This includes diets designed to control their weight, joints, dietary sensitivities, and allergies.
The pet food industry in the United States is very competitive, with several well-known brands in the industry. An increasing number of innovations and unique formulations in the field of animal nutrition have led to the development of a robust pet food manufacturing setup in the country.
To keep up with the changing demands and choices of pet owners, manufacturers are investing in research and development to make use of alternative sources of pet food.
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Pet owners get to benefit from dry food in multiple ways. Dry food has a longer shelf life, easy to handle and store, does not get spoilt or create a mess. These qualities make kibble or dry pet food a preferred choice among pet owners.
Due to its low moisture content, the growth of bacteria is limited and hence infections caused due to spoilt and expired food are substantially reduced.
Dry pet food is more affordable when all types of pet food are considered. It has a higher caloric density, enabling pet owners to feed their animals with lower portion sizes while still providing the right nutrition.
Dry pet food is designed to give animals a balanced and full diet. This product is made with several vital nutrients, including proteins, carbs, lipids, vitamins, and minerals. This guarantees that pets get the nutrition they require to support their overall health and well-being.
Animal-based ingredients are being used in pet food to meet the nutritional needs of pets. Animal-based products are rich in carbohydrates, fats, and proteins which are necessary for the proper growth of an animal.
Animal-based ingredients are rich in amino acids that are needed for proper muscle development, and to build immunity. Furthermore, useful sources of energy and necessary fatty acids, animal fats, and oils support healthy skin, fur, and organ function.
Dogs and cats occupy the majority of the pet market. They are naturally carnivorous and their biological systems have been modified in a way that they thrive on meals with high animal protein.
Pet food made from animal products is in line with their natural dietary requirements and offers the vital elements required to maintain good health. Pets can readily absorb and utilize these components and their body is conditioned to adapt to regular intake of animal protein
The competitive landscape of pet food is dynamic and constantly evolving as the demand for sustainable and cost-effective feed options continues to grow. Several factors influence the competitiveness of pet food, including availability, cost, nutritional value, market acceptance, and regulatory considerations.
Several key firms are striving for market share and customer loyalty in the USA pet food business, which is highly competitive. To meet the several needs and tastes of pet owners, these businesses are committed to providing a wide choice of pet food items. There are several players in the market launching new pet food products.
For instance,
| Attribute | Details |
|---|---|
| Market Size Estimated Value in 2023 | USD 40,860.8 million |
| Market Forecast Value in 2033 | USD 60,234.0 million |
| Anticipated Growth Rate (2023 to 2033) | 4.0% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD million) |
| Key Market Segments Covered | Nature, Source, Product Type, Pet Type, Packaging, Distribution Channel and State |
| Key Companies Profiled | Mars Petcare Inc.; Nestlé Purina PetCare; The J.M. Smucker Company; Hill's Pet Nutrition; Blue Buffalo Company; Champion Petfoods; Spectrum Brands Holdings; WellPet LLC; Diamond Pet Foods; Merrick Pet Care; Nutro Products; Ainsworth Pet Nutrition; Fromm Family Foods; Solid Gold Pet; Canidae Pet Food |
The United States pet food market is estimated to reach a valuation of around USD 40,860.8 million in 2023.
The United States pet food market value is projected to reach USD 60,234.0 million by 2033.
The United States pet food demand is expected to increase at a CAGR of around 4.0% through 2033.
The United States pet food demand is valued at USD 33,789.0 million in 2018.
The United States pet food demand is valued at USD 32,584.9 million in 2018.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Value Chain Analysis 5. United States - Pricing Analysis 6. Size (in Value (US$ million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Analysis 2018 to 2022 and Forecast 2023 to 2033, by Nature 7.1. Organic 7.2. Monoprotein 7.3. Conventional 8. Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type 8.1. Kibble/Dry 8.1.1. Extruded 8.1.2. Baked 8.1.3. Coated 8.2. Dehydrated Food 8.3. Freeze Dried Food 8.4. Freeze-Dried Raw 8.5. Wet Food 8.6. Frozen 8.7. Raw Food 8.8. Powder 8.9. Treats and Chews 8.9.1. Dog 8.9.1.1. Pastes 8.9.1.2. Crèmes 8.9.1.3. Crunchy snacks 8.9.1.4. Chew sticks 8.9.1.5. Tablets 8.9.1.6. Biscuits 8.9.1.7. Jerky 8.9.1.8. Rawhide 8.9.2. Cat 8.9.2.1. Pastes 8.9.2.2. Crèmes 8.9.2.3. Crunchy snacks 8.9.2.4. Chew sticks 8.9.2.5. Tablets 8.9.2.6. Biscuits 8.9.2.7. Cat Milk / Milk snacks 9. Analysis 2018 to 2022 and Forecast 2023 to 2033, by Source 9.1. Animal derived 9.1.1. Fish 9.1.1.1. Tuna 9.1.1.2. Salmon 9.1.1.3. Whitefish 9.1.1.4. Cod 9.1.1.5. Herring 9.1.1.6. Walleye 9.1.1.7. Flounder 9.1.1.8. Arctic char 9.1.1.9. Whiting 9.1.2. Chicken 9.1.3. Duck 9.1.4. Beef 9.1.5. Pork 9.1.6. Venison/Game 9.1.7. Lamb 9.1.8. Turkey 9.2. Plant-derived 9.3. Insect-derived 9.3.1. Crickets 9.3.2. Mealworms 9.3.3. Black soldier flies 10. Analysis 2018 to 2022 and Forecast 2023 to 2033, by Pet Type 10.1. Cat 10.1.1. Kitten 10.1.2. Senior 10.2. Dog 10.2.1. Puppy 10.2.2. Adult 10.2.3. Senior 10.3. Birds 10.4. Others (Rabbits, Hamsters, etc.) 11. Analysis 2018 to 2022 and Forecast 2023 to 2033, by Packaging 11.1. Pouches 11.2. Bags 11.3. Folding cartons 11.4. Tubs & Cups 11.5. Can 12. Analysis 2018 to 2022 and Forecast 2023 to 2033, by Distribution channel 12.1. Store-based Retailing 12.1.1. Hypermarkets/Supermarkets 12.1.2. Convenience Stores 12.1.3. Mom and Pop Stores 12.1.4. Pet Stores 12.1.5. Discounters 12.1.6. Independent Grocery Retailers 12.1.7. Drugstores 12.1.8. Other Retail Formats 12.2. Online Retailers 13. Analysis 2018 to 2022 and Forecast 2023 to 2033, by State 13.1. California 13.2. Texas 13.3. Florida 13.4. New York 13.5. Illinois 13.6. Ohio 13.7. North Carolina 13.8. Michigan 13.9. Colorado 13.10. Wisconsin 13.11. Washington 14. Market Structure Analysis 15. Competition Analysis 15.1. Mars Petcare Inc. 15.2. Nestlé Purina PetCare 15.3. The J.M. Smucker Company 15.4. Hill's Pet Nutrition 15.5. Blue Buffalo Company 15.6. Champion Petfoods 15.7. Spectrum Brands Holdings 15.8. WellPet LLC 15.9. Diamond Pet Foods 15.10. Merrick Pet Care 15.11. Nutro Products 15.12. Ainsworth Pet Nutrition 15.13. Fromm Family Foods 15.14. Solid Gold Pet 15.15. Canidae Pet Food 16. Assumptions and Acronyms Used 17. Research Methodology
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United States Pet Food Market
