Growing customer interest in organic and natural pet food products has compelled producers to switch their attention from synthetic to natural products, which has had a significant influence on the global animal food market. As more people acquired pets due to a rising demand for companionship during the lockdown, there was a steady increase in the demand for pet food in various regions of the world. Market participants shifted their attention away from physical storefronts and toward e-commerce platforms to satisfy this desire.
The future market demand for animal food is likely be driven by the comfort benefits of dry organic and natural pet food. Contrary to the majority of conventional pet diets, organic and natural pet feeds are widely consumed. The demand for dog food is expected to increase, and the premium pet food category is expected to gain more momentum throughout the forecast timeline. Due to its simplicity in terms of storage and mess-free feeding of dogs, dry food is experiencing a significant surge in demand when compared to other product rivals. This is encouraging urban shoppers to choose dry pet food more frequently, which is likely to drive demand for animal food.Type, animal, and region are key market parameters th
at have been considered whilst segmenting the global animal food market.
Hill's Pet Nutrition inaugurated a 25,000 square foot nutrition innovation facility in the US in June 2021. This facility is expected to provide the company with the ability to create advanced products specifically for small and petite canines.
Some of the major players in the global animal food market are as mentioned below
Below-mentioned developments, restraints, opportunities, and drivers are anticipated to characterize the global animal food market
Recently, prominent media outlets throughout the world have paid a lot of attention to the humanization of pets. A significant and defining development in the pet food industry, particularly in industrialized countries, is the transition from pet ownership to pet parenting. In developed nations, more than one-third of families have a pet.
Pets are increasingly seen as members of the family as a result of this tendency toward pet humanization. Consumers' propensity to pay more on pet food is influenced by the deepening attachment among pet owners and their animals. In order to boost the health of their beloved dogs, people are now choosing pet food that is nutritionally dense.
Dogs and cats like canned food since it provides fats, proteins, and a little amount of carbohydrates. The amount of backyard cleaning required is low because wet/canned pet food is simple to digest. For sick cats and dogs as well as picky eaters, wet food is preferred due to its improved digestion.
The expansion of the North American pet food industry is being primarily driven by factors including rising pet ownership and pet humanization, rapid urbanization, rising discretionary income, and advent of private label retail brands. The market is heavily influenced by human nutrition, spurring research into safer and improved pet food with significant nutritional and dietary advantages. Furthermore, as local producers increase their footprint in the domestic market, products that are ethically and regionally sourced are expected to drive the global market.
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Animal Food Market
