The North America Pet Snacks And Treats Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
The presence of multiple significant pet food companies in the United States helps to drive regional market expansion. Growing pet health awareness is a big influence in the snacks and treats sector. Pet humanization is fast expanding, resulting in a rise in demand for specialized food or snacks that provide all of the essential nutrients. Several organizations have begun producing organic and natural food & treats as pet parents have turned to natural and organic solutions for their pets. In the United States, high-quality ingredients play a vital influence in pet owners' purchasing decisions.
Pet health issues like allergies, weight, and nutritional tolerances are becoming more well-known among customers in developed countries. Pet owners are getting more concerned about their pets' health, and they are spending that money on high-quality pet food. Consumer desire for more specialized pet food has led to a tremendous increase in pet food production.
Some of the primary drivers driving the expansion of the North American pet snacks and treats market are growing pet humanization & pet ownership, the rise of private label retail brands, and growing urbanization coupled by increased disposable incomes. Human nutrition has a strong influence on the market, encouraging research toward safer and better pet food with high nutritional and dietary benefits.
Furthermore, as local producers grow their position in the domestic market, local produce and sustainably sourced items are boosting the industry. As per the American Pet Products Association's (APPA) National Pet Owners Survey 2019-20, dogs are owned by 63.4 million homes, or 74.6 percent of all pet-owning households in the United States. This, together with dog owners' increasing attention to buying good and healthy meals for their pets, is working to promote sales of various kinds of dog foods in the United States.
Functional snacks are preferred by pet owners above other treats because they provide numerous health advantages for their pets. As a result of this trend, key market participants are producing new functional treats to suit the need of pet owners. For example, Hill's Pet Nutrition developed a new line of functional dog treats in 2019 to help dogs with their weight, food allergies, mobility, and dental issues. These new product launches would escalate the growth of the regional pet snacks and treats market during the forecast period.
The US market dominated the North America Pet Snacks And Treats Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,093.3 Million by 2028. The Canada market is estimated to grow at a CAGR of 7.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.4% during (2022 - 2028).
Based on Product, the market is segmented into Eatable and Chewable. Based on Distribution Channel, the market is segmented into E-commerce, Supermarkets & Hypermarkets, and Specialized Pet Shops. Based on Animal 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 Global Pet Snacks And Treats Market is Estimated to reach $9.8 Billion by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Mars, Inc., Nestle S.A. , Unicharm Corporation, The Colgate-Palmolive Company, General Mills, Inc., The Wellness Pet Company, Spectrum Brands Holdings, Inc., and The J. M. Smucker Co.
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