Global Pet Food Treats Market Size Projected to Reach USD 96.7 Billion by 2028

18-Jun-2020 | Facts and Factors

Findings from Facts and Factors report “Pet Food Treats Market – By Commodity (Snacks/Treats, Wet/Canned Food, Dry Food, Healthy Food, & Others), By Costing (Super-Premium, Premium, & Economy) and By Consumer (Cat, Dog, & Others): Global Industry Outlook, Market Growth, Business Analytics, Consumer Demand, Statistics, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2028” states that the global Pet Food Treats market in 2020 was approximately USD 70 billion. The market is expected to grow above a CAGR of 5.45% and is anticipated to reach over USD 96.7 billion by 2028.

Over the years, the growing number of livestock owners has helped drive a strong market for animal feed. Furthermore, research and studies by manufacturers have extended their knowledge of pet nutrition. Products that guarantee palatability and meet animal nutritional requirements are now available. In addition, many associations and federations have introduced strict regulations for manufacturers to produce safe, quality pet food.

As animal feed helps to prevent skin allergy and disease, increasing overall animal protection and life expectancy, owners are increasingly searching for animal feed alternatives to tackle these health problems. Furthermore, manufacturers are offering cycling, aging and sizing for different animal products in smaller, single-serve containers to ease pets and owners. Therefore, pet food contains biological forms of products without pesticides, synthetic fertilizers, hormones or antibiotics. This increased consumer interest in natural products and improved the company's ability to further diversify its products.

The change in animal' ownership' towards' parenting' was a very crucial and decisive trend in the market for pet food, particularly in developing countries. More than a third of developed households own a cat. Animal owners have historically fed their animals the leftovers and scraps of family foods. Nevertheless, consumers now understand that home-made food and pet food consist of different nutrient components and that pets should be fed a variety of foods for an balanced diet.

Buyers search for local or natural goods or items that have digestive benefits. Therefore, it is not shocking that expensive and specialty pet foods are more sold than medium-priced items. In addition, the trend towards animal humanization led to an increase in public health awareness and created demand for pet food without sugars, grain, dyes and other chemicals.

On the basis of commodity, the Wet/Canned Food segment dominated the global market in 2019, owing to its rising demand specially form cats. On the basis of consumer, the dog segment dominated in 2019, the surge is primarily attributable to the huge popularity of dogs amongst the population present in the North American and Asian region. North America is estimated to be the world market leader owing to the high pet adoption rage and increased popularity of animals in this region.

Report Scope

Browse the full “Pet Food Treats Market – By Commodity (Snacks/Treats, Wet/Canned Food, Dry Food, Healthy Food, & Others), By Costing (Super-Premium, Premium, & Economy) and By Consumer (Cat, Dog, & Others): Global Industry Outlook, Market Growth, Business Analytics, Consumer Demand, Statistics, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2028" report at https://www.fnfresearch.com/pet-food-treats-market

The top key players operating in the market are Mars Inc., Nestle Purina Petcare Company, Colgate-Palmolive Company, The J.M. Smucker Company, Nisshin Petfood Inc., Blue Buffalo Pet Products Inc., Simmons Pet Food Inc., Devenish Nutrition Ltd., and Others.

This report segments the Pet Food Treats market as follows:

Global Pet Food Treats Market: Commodity Segment Analysis

• Snacks/Treats
• Wet/Canned Food
• Dry Food
• Healthy Food
• Others

Global Pet Food Treats Market: Costing Segment Analysis

• Super-Premium
• Premium
• Economy

Global Pet Food Treats Market: Consumer Segment Analysis

• Cat
• Dog
• Others

Global Pet Food Treats Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

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