The market for pet food in the United States is anticipated to grow from US$ 40,860.8 million in 2023 to US$ 60,234.0 million in 2033. Sales of pet food in the United States are predicted to increase at a substantial CAGR of 4.0% by 2033.
Owing to a huge number of pet owners that place a high value on the welfare of their companion animals, the demand for pet food is soaring in the United States. The sector has experienced significant development and innovation. This has largely been in terms of alternative sources of protein, vitamins, fats, carbohydrates, and other nutritious to meet the growing pet culture.
A key driver in the growth of the pet food market is the increasing trend of humanization of pets. Giving pets wholesome food has become more important as pet owners now see their pets as integral members of their families. As a result, the market for premium, natural pet food products is expanding.
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Furthermore, modern-day pet owners are aware and informed about the ingredients used in pet food products. The rise in the number of intolerances, and allergies in pets has resulted in a growing popularity of grain-free and plant-based alternatives in pet food.
Novel protein sources like fish, soy, and several types of legumes have resulted in the development and formulation of products that are alternatives to conventional chicken or beef ingredients. This makes it possible for pet owners to adjust to specific dietary needs and meet specialized nutritional demands.
Key Takeaways from the Pet Food Report:
- The United States pet food market is expected to reach a valuation of US$ 60,234.0 million by 2033
- Demand for pet food in the United States is likely to soar at 4.0% CAGR over the forecast period
- The historic growth during 2018 to 2022 of the pet food market in the United States stood at 3.0% CAGR.
- The United States pet food market is estimated to be valued at US$ 40,860.8 million in 2023.
“The demand for premium pet food has been steadily increasing, with 85 million families owning pets in the United States. As pet owners become informed about the nutritional needs of their animals, there is an increase in demand for premium and specialty pet food options.” – says a lead analyst at Future Market Insights (FMI)
Competitive Landscape
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 and Canidae Pet Foodkits are the key manufacturers listed in the report of FMI.
Several keyfirms 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.
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For instance,
- In 2023, PetPlate launched FreshBaked™, the dry form of gently-baked, crunchy clusters with new formulation features human-grade, visible ingredients
- In 2023, CULT Food Science Corp, launched a new series of pet performance supplements by the name Noochies! Sprinkles. These supplements expand upon the company’s existing product line Noochies!
The United States Pet Food Market Segmentation by Category
By Nature:
- Organic
- Monoprotein
- Conventional
By Product Type:
- Kibble/Dry
- Extruded
- Baked
- Coated
- Dehydrated Food
- Freeze Dried Food
- Freeze-Dried Raw
- Wet Food
- Frozen
- Raw Food
- Powder
- Treats and Chews
- Dog
- Pastes
- Crèmes
- Crunchy snacks
- Chew sticks
- Tablets
- Biscuits
- Jerky
- Rawhide
- Cat
- Pastes
- Crèmes
- Crunchy snacks
- Chew sticks
- Tablets
- Biscuits
- Cat Milk / Milk snacks
- Dog
By Source:
- Animal derived
- Fish
- Tuna
- Salmon
- Whitefish
- Cod
- Herring
- Walleye
- Flounder
- Arctic char
- Whiting
- Fish
- Chicken
- Duck
- Beef
- Pork
- Venison/Game
- Lamb
- Turkey
- Plant-derived
- Insect-derived
- Crickets
- Mealworms
- Black soldier flies
By Pet Type:
- Cat
- Kitten
- Senior
- Dog
- Puppy
- Adult
- Senior
- Birds
- Others (Rabbits, Hamsters, etc.)
By Packaging:
- Pouches
- Bags
- Folding cartons
- Tubs & Cups
- Can
By Distribution channel:
- Store-based Retailing
- Hypermarkets/Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Pet Stores
- Discounters
- Independent Grocery Retailers
- Drugstores
- Other Retail Formats
- Online Retailers
By State:
- California
- Texas
- Florida
- New York
- Illinois
- Ohio
- North Carolina
- Michigan
- Colorado
- Wisconsin
- Washington
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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