Pet Food - North America

North America

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 in the United States (US$59,740m in 2024).
In relation to total population figures, per person revenues of US$128.70 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.
The average volume per person in the Pet Food market is expected to amount to 36.9kg in 2024.

Key regions: Russia, Spain, Philippines, United Kingdom, India

Market

Region

Region comparison

Currency

Analyst Opinion

The Pet Food Market in North America is facing minimal growth due to factors such as saturated market, changing consumer preferences, and high competition. Despite this, the increasing trend of pet ownership and demand for healthier pet food options are expected to drive some growth in the market.

Customer preferences: The pet food market within The Food market in North America has seen a rise in demand for natural and organic pet food products. This trend is driven by a growing awareness of health and wellness among pet owners, who are seeking healthier options for their furry companions. Additionally, there has been an increase in demand for personalized and customized pet food options, as pet owners are looking for specific dietary solutions tailored to their pet's individual needs. This shift towards healthier and personalized pet food products is influenced by a growing trend towards pet humanization, where pets are treated as full-fledged family members.

Trends in the market: In North America, the Pet Food Market is experiencing a shift towards natural and organic pet food products, as pet owners become more health-conscious and seek out healthier options for their beloved animals. This trend is expected to continue as consumers prioritize the well-being of their pets and demand transparency in the ingredients used in pet food. Additionally, there is a growing trend of pet owners seeking out personalized nutrition plans for their pets, leading to the emergence of personalized pet food delivery services. These trends have significant implications for industry stakeholders, as they must adapt to meet the changing demands of consumers and diversify their product offerings to stay competitive in the market. This also presents opportunities for new players to enter the market and cater to the growing demand for natural and personalized pet food options.

Local special circumstances: In North America, the Pet Food Market is heavily influenced by the high pet ownership rates and pet humanization trends. This has led to a demand for premium and natural pet food products, as well as an increase in online and direct-to-consumer sales channels. Additionally, the region's strict regulations and safety standards for pet food production have also shaped market dynamics. In contrast, in Europe, pet humanization and online sales are not as prevalent, but there is a strong focus on sustainability and ethical sourcing in the pet food industry. In Asia-Pacific, the market is driven by the growing pet population and rising disposable incomes, leading to a demand for high-quality and functional pet food products. The region also has unique cultural preferences, such as the popularity of raw diets in Japan and China, which influence product offerings and marketing strategies.

Underlying macroeconomic factors: The Pet Food Market within The Food market in North America is significantly impacted by macroeconomic factors such as consumer spending, disposable income, and economic growth. With the rise in pet ownership and the increasing trend of humanization of pets, there is a growing demand for premium and organic pet food products. This demand is further fueled by a strong economy, rising disposable income, and a growing pet-loving culture. Additionally, the increasing awareness about pet health and nutrition is driving the demand for high-quality pet food products, resulting in market growth. Moreover, favorable government policies and investments in the pet food industry are also contributing to the overall growth of the market in North America.

Methodology

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.