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- Number of pages : 30 pages
- Format : Digital and PDF versions
- Last update : 21/09/2023
Summary and extracts
1 Market overview
1.1 Definition and scope of study
Pet foods include foods for dogs, cats, birds, fish, small reptiles and mammals. The market is part of the broader pet food category, which includes both pet food and livestock feed.
The main segments of the pet food market can be identified by feed type, distinguishing between;
- Wet or moist foods ;
- Dry foods;
- Treats;
The global pet food market is flourishing, and forecasts for its development and evolution are equally promising, due to the growing importance attached to health and nutrition, and the increasing number of animals kept. In addition, more and more pets (especially dogs and cats) are overweight, increasing the demand for healthier food alternatives.
Major players in the global pet food industry include The JM Smucker Co, Nestlé, Mars and Wagg Foods. It's worth noting that these companies operate in a highly concentrated market, where the six largest companies hold a dominant share, accounting for up to 75% of the industry's total sales. This concentration reflects the importance of these key players in the global supply of pet care products, and their influence on market trends and developments. These companies strive to maintain their dominant position by offering a diverse range of high-quality products to meet the varied needs of pet owners around the world.
The United States is the world's largest pet food market, accounting for around 40% of sales in 2018. The average annual growth rate between 2018 and 2022 is 8.6%, driven by the growing number of pets and rising prices due to inflation and increasing demand for premium products
The US pet food (dog and cat) and other pet food (all other) markets are both being hit by the same trend towards product premiumization. In particular, demand for natural foods for small mammals is on the rise. Overall, dog food generates the highest volume of sales, followed by cats and small mammals.
The pet food market is one of the few markets to have benefited strongly from the COVID-19 epidemic; consumers bought many more pets, which mechanically increased sales of related products.
1.2 A steadily growing global market
The global pet food market is valued at $**.* billion byGrand View Research. It is expected to grow at a CAGR of +*.*% over the period ****-****.
Worldwide dog and cat populations in **** World, **** , million Source: ****
1.3 Domestic market: Very strong growth
Total pet industry spending in the U.S united States, ****-****, $ billion Source: ****
total spending in the pet industry has increased by **.*% in * years, from $**.* billion in **** to nearly $*** billion in ****. The average annual growth rate between **** and **** is *.*%.
Actual sales on the US market in **** united States, ****, $ Source: ****
Analyzing the ...
1.4 Very dynamic foreign trade
Dog and cat food imports in the USA united States, ****-****, Million $ Source: ****
between **** and ****, the global amount of dog and cat food imports into the United States almost tripled (***), increasing by $*.** billion. The average annual growth rate of imports is therefore **.**% .
Between **** and ****, imports rose by almost **% to reach $*.* ...
2 Demand analysis
2.1 Americans' growing passion for pets
the dog and cat population in the United States increased significantly between **** and ****, rising by **% and **.*% respectively. This increase was reinforced in the wake of the COVID-** pandemic, with the obligation to stay at home. Americans sought comfort in the massive adoption of pets to cope with isolation and stress.
Unlike ...
2.2 Demand analysis
Share of current pet owners by generation u.S., ****, % (***) Source: ****
Here's the percentage breakdown of pets in the U.S. by generation: Millennials (***) own **% of U.S. pets, followed closely by Generation X, at **%, and the Baby Boomer generation, at **%. Pet-related expenditure in $ united States, ****, $ Source: ****
pet spending data reveals that ...
2.3 Increasingly spoiled pets
Source: ****
New York scored **.** out of ***, indicating a high level of dog pampering in the state (***) **% of New Yorkers admit to spending more money on pampering their dogs than on their partners. More than half, **%, of New York respondents said they spend more on their dog's health and grooming than on ...
3 Market structure
3.1 A highly consolidated market
The US pet food market is characterized by a high degree of consolidation, with major players such as Mars Inc, Nestlé SA (***) exerting a dominant influence. Mars, in particular, occupies a significant position as a pet food manufacturer in the country.
To counter this consolidation, markets are striving to develop local ...
3.2 Value chain
In ****, the "Pet food" industry will employ around **,*** people, whereas in ****, according to IBIS, there were only around **,*** employees, equivalent to an average annual increase of around *%.
3.3 Distribution
How have your pet food purchasing habits changed in ****? u.S., ****, % (***) Source: APPA According to the panel used by APPA, **% of pet owners say they have increased their online shopping habits during ****, while only *% say they have decreased their online shopping habits. The remaining **% report no change in their habits in ...
4 Offer analysis
4.1 The dry food segment dominates the market
Advantages of dry dog food: Dry dog food is popular for its ease of storage and consumption. They are also formulated to take care of dogs' hygiene, including cleaning their teeth while they eat. What's more, they can be left out in the open for long hours without spoiling, making them ...
4.2 Purchasing and using different types of products
trends in dry food usage rates mRI-Simmons data show that purchase rates for dry pet food, whether for dogs or cats, remain stable due to their almost universal use: Dry dog food usage rates, at **% of dog food buyers in ****, have remained stable in the **%-**% range since ****. Similarly, the use ...
4.3 "Petflation": Significantly higher than the US inflation rate.
Monthly change united States, Dec-**-May-**, % Base *** : **** Source: ****
Between December **** and May ****, the U.S. consumer price index rose by **.*%. At the same time, pet food prices rose by **.*% over the same period.
This discrepancy is mainly due to the period from June **** to May ****, during which consumer prices climbed by ...
4.4 Growth driven by rising prices: the premium segment takes off
Growth has been driven mainly by price rises, partly due to inflation, but also influenced by the industry's move upmarket (***).
Industry players are also underlining the trend, since according to Simon Lesage (***)"**% of the category'sgrowth is in valued segments: health & well-being and moments of pleasure and connection with one's pet".
We ...
5 Regulations
5.1 Regulations
In the United States, regulations governing the pet food industry are mainly overseen bythe Food and Drug Administration (***). Here are some of the key laws and regulations that apply to the pet food industry:
Food, Drug, and Cosmetic Act (***) : This law gives the FDA the authority to regulate the manufacture, sale ...
6 Positioning the players
6.1 Player segmentation
Source: ****
- Mars Petcare Inc
- Nestlé Purina Petcare
- Hill's Pet Nutrition
- J.M. Smucker
- General Mills
- Diamond Pet Foods
- Simmons Pet Food
- Aphia
- United Petfood
- Spectrum Brands/ United Group
List of charts
- World dog and cat populations in 2022
- How much does it cost to own a dog every year?
- What do you spend most on your dog?
- Evolution of the number of dogs and cats in the United States
- Growth in the number of pets in the United States
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the pet food market | United States
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