Envision Report

Published February 6, 2018

Pet Food Market – Size, Outlook, Trends and Forecasts (2018 – 2024)

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Pet food generally refers to plant (or) animal material consumed by pets. It differs by type of pet such as dog, cat, and fish. This pet food is generally manufactured according to the pet requirements, which help them meet their nutritional requirements.

Global Pet Food Market Segments Size & Growth:

The Global pet food market is projected to grow $107.42 Billion by 2024 at a CAGR of 4.8% from $79.49 Billion in 2017. The factors influencing the market growth mainly involves growing awareness of consumers towards pet health, Rising trend of nuclear families and adoption of more number of pets, rapid humanisation of pets and need of healthy food for pets.

Global Pet Food Market Segments Share:

The pet food market is classified based on pet type, product type, ingredient type, sales channel, pricing, and geography. Based on pet type, Pet food market is categorised into cats, dogs, birds, fish, and others. Among these types of pets, dogs are the fastest growing and mostly adopted pets as there is a rising trend for nuclear families and inclination towards companionship and security. Based on product type, Pet food market is categorised as dry pet food, wet/canned pet food, Treats & snacks, veterinary pet food, Organic and others. Dog food unusually dry food is expected to grow with dominance while cats prefer wet food. All these are having their pros and cons according to the pet type and type of product. Based on Ingredients, Pet food market is classified as animal delivered, plant delivered and others where these ingredient types have significant usage according to the type of product. Based on sales channel, Pet food market is into specialised pet shops, internet sales, grocery retailers that includes, a modern grocery retailer, supermarkets, department stores, warehouse clubs and others. Pricing is bifurcated into economic, premium and super premium segment.

Geographically, North America is accounted for the most significant share in pet food market. Due to the leading sales for pet food of around 35% globally and rising concern of customers towards the health of pets is owing to the most significant share of pet food market in North America followed by Europe. APAC is the fastest growing market due to the increasing number of nuclear families and rising standards of loving.

Global Pet Food Market Trends:

  • Nestle management planned to shift its entire portfolio more into the natural footing. To improve its fortunes and bring new dimensions in the core of the core bounds.
  • Mars pet care is one of the world’s leading pet care providers whose brands include pedigree, Royal Canin, Whiskas, Waltham and pet partners. It offers low-cost products with pedigree and Whiskas brand, and premium quality products under Royal can compete in the brand.

Global Pet Food Market Research Report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions, which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players are

  • Mars pet care Inc.
  • Nestle SA
  • Del Monte foods co.
  • Hills pet nutrition
  • JM Smucker
  • Fresh pet

1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

3 Market Analysis

3.1 Industry Value Chain Analysis

3.2 Porter’s Five Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

4 Market Dynamics

    4.1 Drivers

4.1.1 Growing awareness among consumers towards pet health.

4.1.2 Adoption of more number of pets and considering as their family members.

4.1.3 Need of healthy food to prevent overeating by pets.

4.2 Restraints & Challenges

4.2.1 Higher rate of obesity in pets.

4.2.2 Allergy to pets concerning specific food products.

4.3 Opportunities

4.3.1 Rising demand for variations in the taste of pet food with proper nutrition requirement is the growing opportunity for pet food market.

4.3.2 number of pet consumers are treating their pets as their family members.

5 Global Pet Food Market – By Pet Type

5.1 Dogs

5.2 Cats

5.3 Birds

5.4 Fishes

5.5 Others

6 Global Pet Food Market – By Ingredient Type

    6.1 Animal delivered

6.2 Plant delivered

6.3 Others

 7 Global Pet Food Market – By Product Type

7.1 Dry food

7.2 Wet/Canned food

7.3 Organic food

7.4 Treats &snacks

7.5 Veterinary food

7.6 Others

8 Global Pet Food Market – By Sales Channel

8.1 Specialized pet shops

8.2 Internet sales

8.3 Grocery retailers

8.3.1 Modern grocery retailers

8.3.2 Discounters

8.3.3 Hypermarkets

8.3.4 Supermarkets

8.3.5 Department stores

8.3.6 Warehouse clubs

8.4 Others

9 Global Pet Food Market – By Pricing

9.1 Economic segment

9.2 Premium segment

9.3 Super premium segment

  10 Global Pet Food Market – By Geography

    10.1 North America

10.1.1 Introduction

10.1.2 United States

10.1.3 Canada

10.1.4 Mexico

10.1.5 Others

10.2 Europe

10.2.1 Introduction

10.2.2 France

10.2.3 Germany

10.2.4 Italy

10.2.5 United Kingdom

10.2.6 Spain

10.2.7 Russia

10.2.8 Others

10.3 Asia-pacific

10.3.1 Introduction

10.3.2 China

10.3.3 Japan

10.3.4 India

10.3.5 Australia

10.3.6 Others

10.4 Latin America

10.4.1 Introduction

10.4.2 Brazil

10.4.3 Argentina

10.4.4 Others

10.5 The Middle East and Africa

10.5.1 Introduction

10.5.2 Middle East

10.5.3 Africa

10.5.4 Others

11 Global Pet Food Market – Competitive Landscape

11.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

11.2 Market Share Analysis

11.3 Strategies Adopted By Top Companies

12 Global Pet Food Market – Company Profiles

     12.1 Mars pet care Inc.

12.2 Nestle SA

12.3 Del Monte foods co.

12.4 Hills pet nutrition

12.5 JM Smucker

12.6 Fresh pet

12.7 Omega Protein Corporation

12.8 Well Pet LLC

12.9 Diamond pet foods Inc.

12.10 In vivo group

12.11 Colgate Palmolive

12.12 Blue buffalo pet products

12.13 WAGG foods Ltd

12.14 Ingredion incorporated

12.15 Pet center incorporated

12.16 Heristo AG

13 Market Insights

13.1 Insights of Industry Experts

13.2 Analyst Opinion (Market Understanding)

13.3 Investment Opportunities

14 Appendix

14.1 List of Tables

14.2 List of Figures

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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