Published Date: 28-Jul-22
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According to a new report, published by KBV research, 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.
The Chewable segment has shown growth rate of 7.6% during (2022 - 2028). Pet humanization is an important factor to consider when purchasing pet care. Pet owners are becoming more aware of the foods and treats they provide their pets. Chewing is a natural instinct for all dogs, and it's a fantastic way to keep them cognitively stimulated while also training their jaw muscles, easing teething, and eliminating plaque & tartar.
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. Due to the lockdown scenario during the pandemic, the e-commerce segment grew rapidly. People's spending patterns have evolved dramatically as a result of the e-commerce channel's perks, which include significant discounts, the accessibility of a wide range of products, home delivery, and simple payment options on a single platform.
The Cat segment is showcasing a CAGR of 5.6% during (2022 - 2028). Over the forecast period, the increasing influence of owning a pet is anticipated to augment animal adoption. Unicharm launched AllWell cat food in Japan in April 2021. The recipes incorporate what is claimed to be the world's first dietary fibre blending technology, a patented procedure for preventing meal regurgitation.
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. The North America market is estimated to witness a CAGR of 5% during (2022 - 2028). Additionally, The Europe market would experience a CAGR of 5.2% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Distribution Channel
By Animal Type
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