The North America Pet Food Market would witness market growth of 4.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 4,839.1 Kilo Tonnes, showcasing a growth of 4.0% (2019-2022).
Animal feed intended for pets' consumption is known as pet food. Growing consumer inclination towards pet adoption and growing health concerns are expected to fuel demand for the product. Improvements in the overall digestion and performance of pet animals due to the consumption of nutritious food will also likely enhance market growth. Consequently, manufacturers have incorporated novel and multifunctional components into their products to mitigate the effects of similarity bias. Increasing urbanization has led to smaller living spaces, making smaller pets like cats and small dog breeds more suitable for city dwellers.
This has led to a higher demand for convenient pet food options like dry kibble and canned food that require minimal preparation. As more housing complexes and apartment buildings become pet-friendly, pet ownership has become more accessible to people with different lifestyles. This has driven the demand for pet food suitable for smaller living spaces. Urban areas typically have more pet supply stores, supermarkets, and pet specialty shops. This makes accessing many pet food options easier for urban pet owners. In addition to pet food, urban pet owners often purchase pet supplies and accessories, including toys, grooming products, and health supplements.
According to the American Pet Products Association's 2023–2024 National Pet Owners Survey, 86.9 million American households or 66% of all households’ own pets. According to the same source, there are approximately 65.1 million dog families in the U.S., 46.5 million cat households, 11.1 million freshwater fish households, 6.1 million bird households, and 6.7 million small animal households. Due to these aspects, the market will expand across the North America region in upcoming years.
The US market dominated the North America Pet Food Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $33,832.1 Million by 2030. The Canada market is experiencing a CAGR of 6.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.5% during (2023 - 2030).
Based on Food Type, the market is segmented into Dry Food, Wet Food, Treats & Snacks, and Others. Based on Sales Channel, the market is segmented into Specialized Pet Shops, Supermarkets & Hypermarkets, Online Sales Channel, and Others. Based on Pet Type, the market is segmented into Dog, Cat and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Pet Food Market is Predict to reach $138.8 Billion by 2030, at a CAGR of 4.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Unicharm Corporation (DSG International (Thailand) PLC), Farmina Pet Foods Holding B.V., Nestle S.A., General Mills, Inc., Mars, Inc. (Kind LLC), The Colgate Palmolive Company, The Wellness Pet Company (Clearlake Capital Group, L.P.), Schell & Kampeter, Inc., Archer Daniels Midland Company, and Thai Union Group PLC
By Food Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Sales Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Pet Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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