The U.S. Pet Food Market size reached $46,549.5 million in 2016. Pet food is a kind of food that helps to provide proper diet, energy, and nutrition to animals. Pet foods can be generally delegated into dry, wet (canned or moist), semi-moist, treats (or snacks), and raw/frozen/refrigerated foods. The majority of pet food is "complete and balanced," which means that each serving contains all of the nutrients required. As a result, veterinary scientists and experts in companion animal nutrition create lovingly crafted recipes for pet foods. The four major types of nutrients include proteins, lipids, carbohydrates, vitamins, minerals, and independent amino acids. Quality pet food manufacturers are concerned with their reputations as well as meeting the requirements and concerns of the pet owners who purchase their goods. The pet food production business is becoming an increasingly significant agricultural partner. The output of animal and plant-based protein and energy sources for use in pet food is vast, allowing practically limitless possibilities for developing recipes for America's pets. The pet food industry is continuously growing to stay ahead of consumer demands. According to American Pet Products Association, the sales of pet food increased 9.7% in 2020. During lockdowns, pet owners launched packed food for the pet which resulted in a short-term boost in sales.
Growth in consumer interest in adopting pets and rising needs for pets among older people were some of the factors that drove the U.S. Pet Food Industry from 2016 to 2020.
U.S. Pet Food Market Report Coverage
The report: “U.S. Pet Food Market (2016-2020)", by Industry ARC covers in-depth information on the following segments of the U.S. Pet Food Market.
By Pet Food - Dog and Cat, Pet Bird Feed and Others (Small Mammals, Reptiles and Ornamental Fish).
Key Takeaways
- According to American Pet Products Association (APPA), the overall sales of pet food in the U.S. reached $100 Billion in 2020. As individuals are increasingly worried about the health of their pets, the adoption of pet food is increasing. Pet food provides sufficient nourishment and energy to animals, allowing them to live a healthy life. As a result, consumers are attempting to train their pets to eat pet food to improve their health.
- Growing consumer interest in adopting pets and rising needs for pets among older people are some of the factors driving the U.S. pet food market. However, stringent regulations of pet food are some of the factors impeding the market growth.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the U.S. pet food Market Report.
U.S. Pet Food Market- By Pet - Market Share (%), 2016.
U.S. Pet Food Market Segmentation Analysis- By Pet Food
The U.S. pet food market based on pets can be further segmented into Dog and Cat. Dog and Cat held a dominant market share in the year 2016. Dogs are very loving and are get easily connected with people so, the demand for dogs increases among the population. Dog adoption is on the rise in a variety of industries because they serve as watchdogs in both business and private settings. Dogs are frequently used in security agencies to track down the perpetrator and assist with the investigation. Furthermore, because dog foods are commonly found in supermarkets, more individuals are visiting supermarkets to purchase dog food. Various types of pet food are available at supermarkets and are organised in a way that encourages customers to shop for their dog's food there. People in the U.S. are taking their dogs outside daily for exercise and various activities to maintain their health, which is increasing the use of dog food. According to American Pet Products Association, about 78 million dogs are owned in the U.S. and about 44% of households have a dog in 2016.
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Cats are mostly liked by kids owing to their loving appearance. Many people adopt cats only for their children so that they can play and be happy all time. Cats are tiny so they can adjust to every place in the home wherever they want to stay, owing to such reasons people are adopting cats as pets. In the U.S., the sales of cat food reached $10.7 Billion with a growth rate of 9% in 2019-2020.
U.S. Pet Food Market Drivers
Rising Consumer Interest In Adopting Pet Has Readily Aided The Market Growth.
The adoption of pets increases among consumers as pets are considered family members for many people and they help people to spend their time happily. In the pet food market, the shift from pet ownership to pet parenting has been a significant and defining event. Consumer willingness to spend more on pet food is influenced by the growing attachment between pet owners and their pets. Consumers are becoming increasingly concerned about the health of their pets and are purchasing high-nutrient pet food to help them. Pet owners frequently seek out pet consumables that are locally made, natural, or have particular health advantages in addition to typical meal products. Moreover, awareness and social trends among consumers raised the demand for sugar-free, grain-free, dye-free, and other chemical-free pet food. In the U.S., about 70% of households adopt at least one pet, especially younger people who have interested in feeding their pets.
Soaring Need For Pets Among The Old Generation Is Set To Drive The Market Growth
Among the older generation, people are sometimes lonely and wanted to spend their life with someone who is with them all the time which leads to a rise in the demand for pets among the geriatric population. Millennials nowadays leave their families to pursue a better job, leaving the seniors alone at home. As a result, to make the most of their time, older people are adopting dogs. Animals can help with stress reduction, blood pressure-lowering, increased social interaction, and physical activity, as well as depressive symptoms and feelings of loneliness. Dogs are the most popular pet among senior citizens, and they have become an important part of their family. As a result of these factors, the adoption of pets is increasing among the older generation, driving up the demand for pet food.
U.S. Pet Food Market Challenges
Stringent Government Regulation Regarding Pet Food Is One Of The Factors Impeding Market Growth.
Pet food is one of the most heavily regulated food products in the United States, and it must adhere to federal and state regulations. Both finished pet food products (including treats and chews) and their ingredients are regulated by the US Food and Drug Administration (FDA). On December 10, 2020, the government finalized its guidance documents process for Animal Food Additives Petitions which created new requirements and mandatory product safety standards for virtually all U.S. pet food makers. This factor is hampering market growth.
U.S. Pet Food Market Competitive Landscape
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the U.S. Pet Food Market. The top 10- U.S. Pet Food Market companies are-
- Mars Petcare,
- Nestle,
- JM Smucker,
- Hill’s Pet Nutrition,
- Diamond Pet Foods,
- Blue Buffalo,
- United Pet Group,
- Scrout & Zoe’s,
- WellPet,
- Merrick Pet Care.
Recent Developments
- In December 2020, Scout & Zoe’s, a US pet food and treat brand, has launched its latest product line, Super Fly for dogs. They are the company’s first insect-based products and include a whole-larvae treat, a dry powdered larvae meal topper, and a dried black soldier fly larvae jerky treat.
- In April 2021, Mars Petcare launched dog food, KARMA™ plant-first formulas, which includes white fish and chicken, both whole-grain sorghum and brewers rice appear before the animal-based proteins on the product labels.
Relevant Titles
Pet Food Packaging Market- Forecast (2022-2027)
Report Code- CMR 0175
Pet Food Ingredient Market- Forecast (2022-2027)
Report Code- FBR 0183
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