Definition:
The Pet Food market covers food that has been specifically created to meet the nutritional requirements of domesticated animals, including dogs, cats, as well as feed products for other less common house pets such as rodents and reptiles. Various components that supply vital nutrients for the animal’s health and wellness are often included in pet food.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Consumer Insights Global
Most recent update: Mar 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Pet Food Market in the United States is facing slow growth due to factors such as saturation in the market, changing consumer preferences, and increasing competition among pet food brands. Despite the negligible growth rate, the market is still driven by the convenience and health awareness among pet owners, leading to a steady demand for online pet food services.
Customer preferences: As pet ownership continues to rise in the United States, there is a growing demand for pet food that caters to specific dietary needs and preferences. This trend is driven by a shift towards more personalized and health-conscious diets, influenced by cultural attitudes towards pet health and wellness. Additionally, as more consumers prioritize convenience and quality in their pet food choices, there has been an increase in demand for online ordering and delivery services. This shift towards digital solutions in the pet food market is also fueled by the need for contactless options during the ongoing COVID-19 pandemic.
Trends in the market: In the United States, the Pet Food market is experiencing a shift towards natural and organic pet food products, driven by the increasing demand for healthier and more sustainable options. This trend is expected to continue as pet owners become more conscious about the ingredients and sourcing of their pet's food. Industry stakeholders are responding by expanding their product offerings and investing in sustainable practices. Additionally, there is a growing trend of personalized pet food, with companies offering tailored diets based on individual pet's needs and preferences. This trend is expected to have a significant impact on the pet food industry, as it caters to the growing demand for personalized and premium pet food products.
Local special circumstances: In the United States, the Pet Food Market within The Food market is heavily influenced by the cultural trend of pet humanization. This trend has led to an increase in demand for premium, natural, and organic pet food products. Additionally, the strict regulations on pet food labeling and safety also play a significant role in shaping the market. The geographical diversity of the US also impacts the market, with certain regions having a higher demand for specific types of pet food, such as grain-free or raw diets. Furthermore, the rise of e-commerce and subscription-based models in the US has also contributed to the growth of the Pet Food Market.
Underlying macroeconomic factors: The Pet Food Market within The Food market is heavily influenced by macroeconomic factors in the United States. The country's strong economic health, stable fiscal policies, and supportive regulatory environment have contributed to the growth of the pet food industry. Additionally, the increasing demand for premium and organic pet food products, as well as the growing trend of pet humanization, have also played a significant role in driving market growth. With a large pet-owning population and high disposable incomes, the United States remains a key market for pet food manufacturers, with projected continued growth in the coming years.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights