Pet Food - NAFTA | Statista Market Forecast

Revenue in the Pet Food market amounts to US$66.22bn in 2024. The market is expected to grow annually by 4.89% (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$129.80 are generated in 2024.
In the Pet Food market, volume is expected to amount to 21.73bn kg by 2029. The Pet Food market is expected to show a volume growth of 1.4% in 2025.0.
The average volume per person in the Pet Food market is expected to amount to 37.2kg 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 NAFTA is experiencing minimal growth due to factors such as saturated market competition, slowing consumer demand, and regulatory limitations. Despite this, increasing pet ownership and a growing trend towards premium pet food products are expected to drive the market forward.

Customer preferences: As pet owners become more health-conscious, they are seeking healthier and more personalized options for their pets' diets. This has led to a rise in demand for natural and organic pet food, as well as customizable meal plans tailored to a pet's specific dietary needs. Additionally, with the increase in pet humanization, owners are willing to pay a premium for high-quality, human-grade ingredients in their pets' food. This trend is expected to continue as millennials, who prioritize their pets' well-being, become the dominant demographic in the pet food market.

Trends in the market: In the NAFTA region, the Pet Food Market within The Food market is experiencing a surge in demand for premium and natural pet food products. This trend is driven by the rising awareness among consumers about the health benefits of natural ingredients for their pets. Additionally, there is a growing trend of personalized and customized pet food options, influenced by human food trends. These trends are significant as they reflect the changing preferences of pet owners and present opportunities for industry stakeholders to tap into this lucrative market. However, it also poses challenges for traditional pet food manufacturers to adapt and innovate to meet these evolving demands.

Local special circumstances: In Canada, the pet humanization trend has led to a rise in demand for premium and natural pet food products. This demand is driven by pet owners increasingly viewing their pets as family members and seeking healthier options for their diets. Additionally, Canada's strict regulatory framework for pet food ensures safety and quality standards, which has boosted consumer trust in the market. In Mexico, the rising pet ownership rates and growing disposable income have led to a surge in demand for premium pet food products. The country's increasing urbanization and busy lifestyles have also contributed to the popularity of convenient and nutritious pet food options.

Underlying macroeconomic factors: The Pet Food Market within The Food market is also affected by macroeconomic factors, such as trade agreements like NAFTA. The implementation of NAFTA has led to increased cross-border trade and investment, allowing for easier access to raw materials and a larger market for pet food products. Additionally, the economic stability and growth of countries involved in NAFTA can lead to increased purchasing power and higher demand for pet food products. However, changes in fiscal policies or trade agreements could potentially impact the market's performance in the future. Furthermore, global economic trends, such as rising disposable income and changing consumer preferences, also play a significant role in the growth of the Pet Food Market. These factors may drive demand for premium and organic pet food products, leading to an overall positive outlook for the market.

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.