The pet food market share in the US is expected to increase by USD 13.13 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.35%.
This pet food market in US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers US pet food market segmentation by product (dry pet food, wet pet food, and pet snacks and treats), distribution channel (offline and online), and type (dog food, cat food, and other small pet food). The pet food market in US report also offers information on several market vendors, including Colgate Palmolive Co., General Mills Inc., JustFoodForDogs LLC, Manna Pro Products LLC, Mars Inc., Nestle SA, Spectrum Brands Holdings Inc., J.M. Smucker Co., Tyson Foods Inc., and Volkman Pet Products among others.
What will the Pet Food Market Size in US be During the Forecast Period?
Download the Free Report Sample to Unlock the Pet Food Market Size in US for the Forecast Period and Other Important Statistics
Pet Food Market in US: Key Drivers, Trends, and Challenges
The rising awareness of pet nutrition is notably driving the US pet food market growth, although factors such as stringent regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the US pet food industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Pet Food Market Driver in US
- One of the key factors driving the pet food market growth in US is the rising awareness of pet nutrition.
- In cats and dogs, macadamia nuts are highly poisonous, causing depression, vomiting, muscle spasms, heat, and tachycardia. Even if homemade diets manufactured by pet owners using organic and vegetarian products are consumed, nutritional deficits in pets may still occur.
- Human delicacies like raisins, grapes, and chocolates are known to be damaging to pets' health. For example, methylxanthines found in chocolates, such as caffeine and theobromine, can cause diarrhea, cardiac arrhythmias, convulsions, polyuria, and death in dogs.
- The pet diets must meet the needs of different ages and weights. For example, a puppy's dietary needs in terms of metabolism, immunology, and body composition differ dramatically from those of an adult dog. As a result, pet owners are increasingly turning to specialized, functional pet food items rather than handmade recipes. Such factors will drive the market growth during the forecast period.
Key Pet Food Market Trend in US
- Sustainability and biotechnology are becoming increasingly important in the formulation of pet foods, which is one of the key pet food market trends in US that is expected to stimulate the development of new products in the market during the forecast period.
- Vendors are increasingly experimenting with biotechnology to offer cruelty-free, healthy, and sustainable alternatives to conventional pet foods as more people become aware of the need for sustainability and reducing the carbon footprint.
- Good Protein dog snacks containing Aspergillus oryzae (koji mold) are available in the US through both offline and online distribution channels, according to Wild Earth, a pet food firm based in Berkeley, California.
- Koji is a potential alternative to traditional animal-based ingredients that are used in dog food formulations, such as meats because it provides all the essential amino acids required by dogs.
Key Pet Food Market Challenge in US
- One of the key challenges to the pet food market growth in US is the stringent regulations.
- Any ingredient to be used in pet foods has to be accepted by the FDA and adopted by the AAFCO, which is an organization comprised of state regulatory officials that engage in developing bills and regulations for the pet food market in the US.
- The Food Safety Modernization Act (FSMA), originally passed in 2011, regulates the pet food market in the US at a federal level. Moreover, through the FSMA’s Voluntary Qualified Importer Program (VQIP), manufacturers and foreign suppliers can attain food safety certifications from FDA-recognized accreditation agencies.
- The highly regulated nature of the pet food market in the US involves considerable compliance costs to manufacturers in terms of certification, equipment maintenance, and personnel training expenses. Thus, the presence of stringent regulations is expected to hamper the growth of the pet food market in the US during the forecast period.
This pet food market in US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Who are the Major Pet Food Market Vendors in US?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Colgate Palmolive Co.
- General Mills Inc.
- JustFoodForDogs LLC
- Manna Pro Products LLC
- Mars Inc.
- Nestle SA
- Spectrum Brands Holdings Inc.
- J.M. Smucker Co.
- Tyson Foods Inc.
- Volkman Pet Products
This statistical study of the pet food market in US encompasses successful business strategies deployed by the key vendors. The pet food market in US is fragmented and the vendors are deploying organic growth (innovation) and inorganic growth (M&A activity) to compete in the market.
Product Insights and News
- Colgate Palmolive Co. - The company offers pet food that helps to ensure all pets have the chance to access precisely balanced nutrition which keeps them healthy and fit.
- Under the pet Nutrition segment, the company offers specialty pet nutrition products manufactured and marketed by Hills Pet Nutrition.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The pet food market in US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
What are the Revenue-generating Product Segments in the Pet Food Market in US?
To gain further insights on the market contribution of various segments Request for a FREE sample
The pet food market share growth in US by the dry pet food segment will be significant during the forecast period. The growth is attributed to the high demand for dry pet food owing to factors such as easy transportation and storage as well as a longer shelf life than wet pet foods.
This report provides an accurate prediction of the contribution of all the segments to the growth of the pet food market size in US and actionable market insights on post COVID-19 impact on each segment.
Pet Food Market in US Value Chain Analysis
Our report provides extensive information on the value chain analysis for the pet food market in US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Parent Market Analysis
Technavio categorizes the pet food market in US as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pet food market in US during the forecast period.
|
Pet Food Market Scope in US |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.35% |
|
Market growth 2022-2026 |
$ 13.13 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
4.78 |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Colgate Palmolive Co., General Mills Inc., JustFoodForDogs LLC, Manna Pro Products LLC, Mars Inc., Nestle SA, Spectrum Brands Holdings Inc., J.M. Smucker Co., Tyson Foods Inc., and Volkman Pet Products |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Pet Food Market in US Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive pet food market growth in US during the next five years
- Precise estimation of the pet food market size in US and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the pet food industry in US
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of pet food market vendors in US
We can help! Our analysts can customize this report to meet your requirements. Get in touch