Pet Food - BRICS | Statista Market Forecast

Revenue in the Pet Food market amounts to US$18.23bn in 2024. The market is expected to grow annually by 8.14% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$60bn in 2024).
In relation to total population figures, per person revenues of US$5.53 are generated in 2024.
In the Pet Food market, volume is expected to amount to 9.44bn kg by 2029. The Pet Food market is expected to show a volume growth of 5.3% in 2025.0.
The average volume per person in the Pet Food market is expected to amount to 2.2kg in 2024.

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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Dog food
Cat food
Food for other house pets (rodents, reptiles, birds etc)

Feeds for farm animals
Pet supplement
Out-of-home consumption

The Pet Food Market in BRICS is seeing minimal growth due to factors such as low consumer awareness, limited access to online services, and competitive pricing from traditional pet food brands. Despite this, the market is expected to see steady growth in the coming years.

Customer preferences: As pet ownership continues to rise in BRICS countries, there is a growing trend towards premium and specialized pet food products. This is driven by a shift towards humanization of pets, with owners seeking to provide their furry companions with the best possible nutrition and care. Additionally, with an increasing awareness of the importance of pet health and wellness, there is a growing demand for organic, natural, and functional pet food options. This has also led to a rise in online shopping for pet food, as consumers seek convenience and a wider variety of choices.

Trends in the market: In the BRICS countries, the Pet Food market is experiencing a shift towards natural and organic products, driven by consumer demand for healthier options. This trend is expected to continue, with an increasing focus on sustainable and ethical sourcing of ingredients. This has implications for industry stakeholders, as they will need to adapt their production and marketing strategies to cater to this trend. Additionally, the rise of e-commerce and online purchasing of pet food is expected to greatly impact the distribution channels in these markets, as consumers seek convenience and a wider range of options. This presents opportunities for both established brands and new entrants to tap into the growing online pet food market.

Local special circumstances: In Brazil, the Pet Food market is heavily influenced by the country's large and growing pet ownership rates, with over 50% of households owning at least one pet. This has led to a demand for premium and specialized pet food products, as well as a rise in e-commerce channels for purchasing pet food. Additionally, Brazil's strict regulations for imported pet food have created a market for locally-produced options, driving the growth of domestic pet food manufacturers. Furthermore, the cultural importance of pets in Brazil has led to a focus on natural and organic ingredients in pet food products, catering to the increasing trend of humanization of pets.

Underlying macroeconomic factors: The Pet Food Market within The Food market is also impacted by macroeconomic factors such as disposable income, consumer spending patterns, and investment in the pet care industry. Countries with a growing middle class and higher disposable incomes are seeing an increase in demand for premium pet food products. Additionally, government initiatives promoting pet ownership and pet welfare are driving the growth of the pet food market in these countries. Furthermore, rising pet adoption rates and the trend towards humanization of pets are also contributing to the market growth.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.