North America Pet Food Market has been estimated at USD 29.03 Billion in 2021 and is projected to reach USD 34.76 Billion by 2026, at a CAGR of 3.67% during the forecast period from 2022 - 2027.
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.
Due to the concern for pets by the pet owners and changing the perception of consumers towards pet health is the major reason 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 rise in overeating and lack of physical exercise, due to which obesity in a pet is increasing is constraining the market growth because the pet owners are preferring other healthy substitutes.
REPORT METRIC |
DETAILS |
Market Size Available |
2021 – 2026 |
Base Year |
2020 |
Forecast Period |
2021- 2026 |
CAGR |
3.67% |
Segments Covered |
By Ingredients, By Animal Type |
Various Analyses Covered |
Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
|
Market Leaders Profiled |
Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center |
Market Segmentation:
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 Players:
The North America 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 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.
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