Pet Food Market Analysis 2021 to 2031
Pet Food Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ 183.39 Billion |
Market Size by 2031 | US$ 268.59 Billion |
Global CAGR (2024 - 2031) | 5.6% |
Historical Data | 2021-2023 |
Forecast period | 2024-2031 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Pet Food Market News and Recent Developments
The pet foodmarket is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A recent key development in the pet foodmarket is mentioned below:
- Mars Petcare partnered with Big Idea Ventures to launch the Next Generation Pet Food Program, focusing on sustainable pet food. The program, in collaboration with AAK and Bühler, seeks startups developing sustainable protein and fat, reducing carbon emissions in pet food production. (Source: Mars Inc, Press Release, August 2024)
- Cargill and Purina partnered to expand regenerative agriculture in pet food, aiming to reduce Purina's carbon footprint by up to 40% over the next three years. The partnership will support adopting these practices across over 200,000 acres of corn and soybeans in the Midwest. (Source: Nestle SA, Press Release, April 2024)
Pet Food Market Report Coverage and Deliverables
The "Pet Food Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Pet food market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Pet food market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces and SWOT analysis
- Pet food market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the pet food market
- Detailed company profiles