Research Reports
Pet Food Market Valuation to be US$ 168.3 Bn by 2029
Published by TMR Research Insights
Posted on August 17, 2021
18 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by TMR Research Insights
Posted on August 17, 2021
18 min readLast updated: January 21, 2026
New trends in the pet food market are attracting customers. There is a growing demand for protective and informative packaging of pert food. Hence, manufacturers in the pet food market are increasing their efforts to develop sustainable pet food packaging. Growing concerns about the environmental impact of plastic has led to a rise in the development of sustainable packaging solutions. For instance, in April 2019, global flexible packaging company ProAmpac, revealed their fiber-based PRO-EVP multiwall bags that are made from renewable resources.
Companies in the pet food market are increasing their offerings in hybrid packaging solutions such as paper/poly materials. They are tapping into opportunities in woven polypropylene bags that offer flexibility and durability to customers. Manufacturers are replacing plastic with paper-based packaging for dog food. Attractive and innovative packaging plays an important role in boosting the demand for these products in supermarkets and retail stores. Moreover, the modern trade sales channel segment is projected to lead the pet food market, and is estimated to reach a value of ~US$ 71.1 Bn by the end of 2029.
Emergence of Clean Label Intensifies Competition for Improved Pet Food Formulations
There is a growing awareness about clean label in the pet food market. The clean label pet food trend has led to innovation to meet customer demands. Companies are increasing R&D to produce shelf-stable and safe pet food. The competition is increasing with growing demand for highly palatable pet food produced from limited amount of ingredients to achieve the target of clean label.
Strong expertise with attention to detail makes our market research reports stand apart. Download PDF Brochure –
The introduction of clean label is fueling the demand for organic pet food. Though conventional pet food dominates the pet food market, in terms of value and volume, market players are leveraging high growth opportunities in the organic pet food segment. As such, organic nature segment of the pet food market is anticipated to reach a value of ~US$ 23.5 Bn by 2029.
Request for Covid-19 Impact Analysis on Pet Food Market:
Hence, manufacturers are streamlining their production processes to make pet food that meets industry food safety standards. They are tapping into opportunities in clean label sustainable packaging to improve their positon in the pet food market landscape.
Buy our Premium Research Report on Pet Food Market@
The pet food market is expected to expand at a significant CAGR of ~6% during the forecast period. However, producing gut-friendly food for cats and dogs acts as a restraint for the manufacturers. As such, in terms of animal type, the cats segment is projected to lead the pet food market during the forecast period. The cats segment is projected to reach a value of ~US$ 71 Bn by 2029. Hence, it is crucial for companies to address the challenges of producing ethical cat food. Thus, several startups are introducing new pet nutrition options.
More Trending Reports by Transparency Market Research –
Various startups are associating themselves with mentorship programs to gain a competitive edge in the pet food market landscape. For instance, in January 2019, the U.S. pet food company, Purina, announced the finalists for their third pet care innovation prize to encourage startups to reimagine pet nutrition. Companies are experimenting by upcycling ingredients to produce premium dog treats. They are adding value to products by introducing new flavors that are ethically palatable and provide optimal nutrition to pets.
Superfoods and Regional Recipes Lead to New Product Innovations
Product innovations are gaining popularity in the pet food market. Leading pet food companies are introducing dry food options for cats and dogs that are inspired from regional recipes. As such, dry food product segment is expected to dominate the pet food market, in terms of value and volume, during the forecast period. Companies are increasing efforts to develop grain-free and high-protein food sans artificial ingredients.
Moreover, manufacturers are exploring opportunities in wet cat food formulations made from specific fish varieties such as Alaskan Cod or the Canadian Duck. They are actively participating in trade fairs to strategically position their brand in the global pet food market landscape. This participation is enabling manufacturers to convert new customers and address their issues with product offerings. New trends of functional nutrition and superfoods are taking the lead in the pet food market. The inclusion of meat as the first ingredient is becoming increasingly mainstream in pet food production.
Analysts’ Viewpoint
Premiumization has driven manufacturers in the pet food market to source quality ingredients and streamline their production processes. They are focusing on touch-based packaging to improve their product offerings. Additionally, companies are increasing R&D in cellular agriculture technologies to institute animal proteins in dog and cat food.
However, food wastage associated with paper-based packaging of food containing high meat content acts as an obstacle for market players. Hence, manufacturers are launching hybrid packaging materials and plastic composites to address the issue of food wastage. Moreover, they should focus on introducing new products in North America, since the region is likely to dominate the pet food market, in terms of value and volume, during the forecast period.
Pet Food Market: Overview
Pet Food Market Frontrunners
Pet Food Market: Trends
Pet Food Market: Strategies
Target Region for Pet Food Market
Pet Food Market: Key Players
Key players operating in the pet food market, as profiled in the study, include
Food-beverages-Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in food-beverages-market@
https://www.transparencymarketresearch.com/food-beverages-market-reports-4.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
New trends in the pet food market are attracting customers. There is a growing demand for protective and informative packaging of pert food. Hence, manufacturers in the pet food market are increasing their efforts to develop sustainable pet food packaging. Growing concerns about the environmental impact of plastic has led to a rise in the development of sustainable packaging solutions. For instance, in April 2019, global flexible packaging company ProAmpac, revealed their fiber-based PRO-EVP multiwall bags that are made from renewable resources.
Companies in the pet food market are increasing their offerings in hybrid packaging solutions such as paper/poly materials. They are tapping into opportunities in woven polypropylene bags that offer flexibility and durability to customers. Manufacturers are replacing plastic with paper-based packaging for dog food. Attractive and innovative packaging plays an important role in boosting the demand for these products in supermarkets and retail stores. Moreover, the modern trade sales channel segment is projected to lead the pet food market, and is estimated to reach a value of ~US$ 71.1 Bn by the end of 2029.
Emergence of Clean Label Intensifies Competition for Improved Pet Food Formulations
There is a growing awareness about clean label in the pet food market. The clean label pet food trend has led to innovation to meet customer demands. Companies are increasing R&D to produce shelf-stable and safe pet food. The competition is increasing with growing demand for highly palatable pet food produced from limited amount of ingredients to achieve the target of clean label.
Strong expertise with attention to detail makes our market research reports stand apart. Download PDF Brochure –
The introduction of clean label is fueling the demand for organic pet food. Though conventional pet food dominates the pet food market, in terms of value and volume, market players are leveraging high growth opportunities in the organic pet food segment. As such, organic nature segment of the pet food market is anticipated to reach a value of ~US$ 23.5 Bn by 2029.
Request for Covid-19 Impact Analysis on Pet Food Market:
Hence, manufacturers are streamlining their production processes to make pet food that meets industry food safety standards. They are tapping into opportunities in clean label sustainable packaging to improve their positon in the pet food market landscape.
Buy our Premium Research Report on Pet Food Market@
The pet food market is expected to expand at a significant CAGR of ~6% during the forecast period. However, producing gut-friendly food for cats and dogs acts as a restraint for the manufacturers. As such, in terms of animal type, the cats segment is projected to lead the pet food market during the forecast period. The cats segment is projected to reach a value of ~US$ 71 Bn by 2029. Hence, it is crucial for companies to address the challenges of producing ethical cat food. Thus, several startups are introducing new pet nutrition options.
More Trending Reports by Transparency Market Research –
Various startups are associating themselves with mentorship programs to gain a competitive edge in the pet food market landscape. For instance, in January 2019, the U.S. pet food company, Purina, announced the finalists for their third pet care innovation prize to encourage startups to reimagine pet nutrition. Companies are experimenting by upcycling ingredients to produce premium dog treats. They are adding value to products by introducing new flavors that are ethically palatable and provide optimal nutrition to pets.
Superfoods and Regional Recipes Lead to New Product Innovations
Product innovations are gaining popularity in the pet food market. Leading pet food companies are introducing dry food options for cats and dogs that are inspired from regional recipes. As such, dry food product segment is expected to dominate the pet food market, in terms of value and volume, during the forecast period. Companies are increasing efforts to develop grain-free and high-protein food sans artificial ingredients.
Moreover, manufacturers are exploring opportunities in wet cat food formulations made from specific fish varieties such as Alaskan Cod or the Canadian Duck. They are actively participating in trade fairs to strategically position their brand in the global pet food market landscape. This participation is enabling manufacturers to convert new customers and address their issues with product offerings. New trends of functional nutrition and superfoods are taking the lead in the pet food market. The inclusion of meat as the first ingredient is becoming increasingly mainstream in pet food production.
Analysts’ Viewpoint
Premiumization has driven manufacturers in the pet food market to source quality ingredients and streamline their production processes. They are focusing on touch-based packaging to improve their product offerings. Additionally, companies are increasing R&D in cellular agriculture technologies to institute animal proteins in dog and cat food.
However, food wastage associated with paper-based packaging of food containing high meat content acts as an obstacle for market players. Hence, manufacturers are launching hybrid packaging materials and plastic composites to address the issue of food wastage. Moreover, they should focus on introducing new products in North America, since the region is likely to dominate the pet food market, in terms of value and volume, during the forecast period.
Pet Food Market: Overview
Pet Food Market Frontrunners
Pet Food Market: Trends
Pet Food Market: Strategies
Target Region for Pet Food Market
Pet Food Market: Key Players
Key players operating in the pet food market, as profiled in the study, include
Food-beverages-Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in food-beverages-market@
https://www.transparencymarketresearch.com/food-beverages-market-reports-4.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
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