The Global Pet Snacks And Treats Market size is expected to reach $9.8 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
Every pet parent has experienced a circumstance in which their dog's stomach has become upset, and they can relate to the fact that it is not pleasant. Digestion issues can be caused by a variety of things, but among the most prevalent causes is their diet and snacks. High-fat dog treats, for instance, can create gastrointestinal problems by thickening a dog's stool and making it much harder to pass. Healthier snacks for dogs with sensitive stomachs are recommended since they include nutrients that are designed to be easily digestible. Natural fibers like psyllium husk fiber, beet pulp, and other fibrous additives can assist keep a dog's gut healthy and protect them from feeling bloated.
Many dog treats include fake and poor ingredients derived from animals injected with antibiotics & hormones earlier. Hormones are supplied to pets from a young age to aid muscle growth and development, whereas antibiotics provide disease protection. If parents continue to feed their pets such goodies, they may develop resistance to antibiotics, and eating hormones can cause hyperactivity, which is often the cause of a variety of health problems. Organic dog treats, are free of hormones & antibiotics, making them a better option for pet parents who want the best for their pets.
Even whether they are of healthy body weight or a little heavier, dogs enjoy chewing. Cutting down on treats to keep the dog in shape can be a challenge for the beloved friend. In such instances, all-natural dog treats are always a wonderful choice because they contain fewer calories than other types of pet treats. Organic dog dental chews are higher in nutrients and have fewer fatty components. Because it is free of additives and fillers, the dog will be happy with fewer treats. At the same time, parents can keep their pet's weight under control without needing to deprive them of their favorite treats.
Supply chain disruptions were shown in the market during the early stages of the pandemic. Due to a shortage of raw supplies, employees, and transportation restrictions, these disruptions occurred. But, owing to the easiness of lockdown, operations returned to normal. Also, increased pet adoption, a growing market for luxury pet food, and changes in pet food producer strategy have all boosted pet food sales. During the 2020 lockdown, pet parents start stocking up on pet food, causing a short-term spike in sales. Pet food & treat sales in the U.S. climbed by 9.7% in 2020, as per the American Pet Products Associations (APPA). In mid-March, Blue Buffalo, a pet food company founded by General Mills, reported a jump in sales. During the recovery period, the demand and growth of the pet snacks and treats market would surge in the coming years.
Pet humanization has become a buzzword in the mainstream media around the world in recent years. The transition from pet ownership to pet parenting has been a key and defining development in the pet food industry, particularly in developed nations. In wealthy countries, more than one-third of families have a pet. As a result, as pets become more humanized, the pet snacks and treats market is expected to grow. As a result of the pet humanization movement, pets have now become members of the family. The growing relationship between pet owners and their pets influences consumers' willingness to spend more on pet food.
The key market players are concentrating their efforts on the introduction of a wide range of pet food products to cater to the needs of a wide range of animals of varying ages. Luxury food items have been developed in recent years by companies such as J.M. Smucker, Nestle, and Mars Inc. to draw consumers' attention and suit the growing needs of dogs. Along with that, companies are making different combinations of snacks to attract more pet parents To make better use of the planet's resources, Nestle Purina, for instance, released pet animal food based on alternative proteins in November 2020. Insects and plant protein sources such as fava beans and millet are among the possibilities.
Pet snacks and treats are among the most tightly regulated food categories, particularly in western markets. Pet animal foods are rigorously inspected in developed markets at each and every stage, from the ingredients used in food preparation to sales and marketing. The high level of rigor associated with commercialization could be a key stumbling block to the market's expansion. Furthermore, in some developing economies, the reduced acceptability of premium or high-priced pet snacks and treats might be a barrier to market growth. As per the Federal Food, Drug, and Cosmetic Act of 1938, animal food must be safe to eat and produced in sanitary conditions (FFDCA). There must be no harmful components in the foods, and they must be labeled as properly as possible.
Based on Product, the market is segmented into Eatable and Chewable. The eatable segment procured the highest revenue share in the pet snacks and treats market in 2021. Natural treats of high-quality aid digestion, immunity, disease prevention, vitality, and exercise, and make a substantial contribution to the consumer's entire purchasing decision. Treats also play an important role in the creation of a bond between pet parents and their animals.
Based on Distribution Channel, the market is segmented into E-commerce, Supermarkets & Hypermarkets, and Specialized Pet Shops. The Supermarkets & Hypermarkets segment procured a significant revenue share in the pet snacks and treats market in 2021. It is due to the fact that consumers get one stop solution for everything they want. Along with that, these stores enable consumers to buy products for themselves as well as their pets at the same time and with great offers.
Based on Animal Type, the market is segmented into Dog, Cat, and Others. The dog segment garnered the maximum revenue share in the pet snacks and treats market in 2021. This can be ascribed to their camaraderie and loyalty. A dog can bring comfort, lower blood pressure, breathing rate, pulse rate, and muscle tension, among other things. In the market, pet food manufacturers are also providing individualized foods from the customer's perspective, which is a new trend.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 6.9 Billion |
| Market size forecast in 2028 | USD 9.8 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 5.4% from 2022 to 2028 |
| Number of Pages | 191 |
| Number of Tables | 340 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Distribution Channel, Animal Type, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
|
| Restraints |
|
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia Pacific emerged as the leading region in the pet snacks and treats market with the largest revenue share in 2021. Developing economies like China and India, as well as developed countries like Japan, are driving the regional market forward. One of the elements driving the industry's rapid expansion in the Asia Pacific is urbanization. In contrast to typical pet diets, organic, healthy, and nutritional pet food has been in high demand in the region.
Free Valuable Insights: Global Pet Snacks And Treats Market size to reach USD 9.8 Billion by 2028
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.
By Product
By Distribution Channel
By Animal Type
By Geography
The global pet snacks and treats market size is expected to reach $9.8 billion by 2028.
The Humanization of Pets is a growing trend and rising pet ownership are driving the market in coming years, however, Strict rules attached to pet food products limited the growth of the market.
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.
The expected CAGR of the pet snacks and treats market is 5.4% from 2022 to 2028.
The E-commerce segment acquired maximum revenue share in the Global Pet Snacks And Treats Market by Distribution Channel in 2021, thereby, achieving a market value of $4.80 billion by 2028.
The Asia Pacific market dominated the Global Pet Snacks And Treats Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.3 billion by 2028.
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
