PUBLISHED DATE : Nov 2017 | Pages : 102
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US Pet Food Market Size, Share, & Trends Analysis Report By Pet Animals (Dogs, Cats, and Others), Food (Dry Food, Wet Food, and Treat), Distribution Channel (Mass Merchants and Specialized Retailers), and Geography (US and Canada), Industry Analysis Report, Regional Outlook, Market Trends, Competitive Landscape, Share, Growth Potential & Forecast, 2017-2022
102 Pages
24 Tables
51 Charts
1 Regions
2 Countries
14 Companies
3 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE (REVENUE) | USD 34 BILLION (2022) |
| CAGR | 4% (2017-2022) |
| Base Year | 2016 |
| Forecast Year | 2017-2022 |
| Market Segments | Pet Animals (Dogs, Cats, and Others), Food (Dry Food, Wet Food, and Treat), Distribution Channel (Mass Merchants and Specialized Retailers) |
| Geographic Analysis | North America |
| Countries Covered | US and Canada |
The U.S. pet food market size to reach USD 34 billion by 2022, growing at a CAGR of 4% during 2016-2022. The increasing popularity of organic, natural, and healthy food boosts the growth of the pet food market in US. The pet owners are gaining awareness about the harmful preservatives and other additives used in packaged food and thereby, propelling the use and demand for premier and organic pet food products in the global market. The pet owners in the US market are extremely watchful of the ingredients and diets offered to their pets. Such careful attention will drive the market for natural food, and transparent labeling indicating the contains the product and propelling the growth of the pet food market in US. According to research analysts at Arizton, the US is considered as the most pet-friendly country in the world. The rising awareness and increasing number of conscious people are fueling the demand for premium, organic, and free from preservatives pet food in the US market. The introduction of functional and fortified food with added minerals, vitamins, and free from additives food is gaining immense traction and creating lucrative opportunities for pet supplies vendors to launch products in the US market.
The leading manufacturers are launching products for new segments such as life stages of pets, specific breeds, and lifestyle to meet the dynamic consumer requirements and gain a larger share in the pet food market in US. One of most emerging trends in the US pet food market is premiumization, which leads to innovations of new tastes and flavors in products such as dog treats that are highly influenced by human foods.
The increasing demand for premium pet snacks is augmenting the growth of the pet food market in US. The growing demand for premium and super-premium pet foods will have a positive impact on the market in the US and will help players launch pet food products specifically designed to meet the requirements of the consumers in the US market. The pet owners in the US market are looking for pet food products such as functional treats which are healthy, such as dental chews over unhealthy treats to ensure maximum health benefits of their pets. The majority of the pet food manufacturers in the market are also introducing a range of superfood snacks that provide energy for very active dogs. The introduction of premium snacks that come in a variety of flavors is also gaining immense traction in the pet food market in US. Some of the most popular snacks available in the US pet food market include Roast Duck & Kale Crunchy Bites, Roast Beef & Blueberry Crunchy Bites, and Pumpkin & Grilled Lamb Crunchy Bites.
This market research report includes a detailed segmentation of the market by
Dog is the most preferred pets and is boosting the revenues in the pet food market in US
The pet food market in US by pet animal is segmented into dogs, cats, and others. Dog food dominated more than half market size in US in 2016 and is projected to grow at a CAGR of approximately 4% during the forecast period. The launch of “adopt don’t shop” campaign and increasing adoption of dogs is fueling the growth of the dog pet food segment in the US market. The growing demand for natural and organic dog food is expected to continue in the US market over the next few years. The launch of grain-free dog food is fueling the demand for the pet food products in the US market and helping vendors to gain a larger market in the US. These grain-free pet food for dogs is gaining popularity in the US market due to its health benefits such as healthier skin, shinier coat, less shedding of hair and other such benefits. The prominent companies are manufacturing dog food that is specific to dog breeds and age with nutrients specific to dog’s breed, age, weight, and others. Such products will attribute to the revenues in the pet food market in US.
Dry food is the most popular product, and private labels in this category are gaining share in the pet food market in US
The food segment in the pet food market in US is categorized into dry food, wet food, and treats. The dry food segment occupied more than half of the pet food market share in 2016 and is estimated to grow at a CAGR of around 4% during the forecast period. The new trend of freeze-dried raw food is an emerging trend and fueling the growth of this segment in the US market. Mars and Nestle are the leading dry food brands and pet food manufacturers in the US market. Dry food is the most widely available, easy to store, and feed product in the US market. These food products are cost-effective, used as a pet training treat, and dental health supplement thereby, augmenting the consumption of these in the US market. These food products come in different shapes, size, and flavors to increase the adoption in the US market. The introduction of new products that contain protein sources such as chicken, beef, chicken, beef, eggs, grains, minerals, cereals, vitamins, and antioxidants will revolutionize the pet food market in US.
Mass merchants to occupy the largest market share in the pet food market in US during the forecast period
The distribution channel segment in the pet food market in US is classified into mass merchants and specialized retailers. Mass merchants segment dominated more than half of the total market share in 2017. Mass merchandisers or modern grocery retailers such as supermarkets and hypermarkets are promoting private brands and new product launch in the pet food makret US. Private labels are gaining shelf-space in the dog food segment due to the presence of budget-conscious pet owners that look for economic and affordable alternatives for pet food. The rising trend of premiumization of pet food is encouraging retail giants such as Wal-Mart’s Natural Life and Target’s Lifelong to introduce premium labels in the US market. The adoption of differentiating strategy based on premium brands, niche products, and services will add to the revenues in the pet food market in US during the forecast period.
The presence of both private labels and local brands is intensifying the competition in the pet food market in US. The influx of a large number of international players with huge infrastructure and R&D support, regional and local vendors find it increasingly difficult to compete in terms of reliability, technology, and price. The leading pet food companies are focusing offering a full range of food products, that includes dry, wet food, and treats for both dogs, cats, and other animals to sustain the competition in the US market. The top players are introducing new pet food product portfolios or expanding their regional presence through M&A to gain larger market in the US.
Market Segmentation by Pet Animal
By Food Type
By Distribution Channels
By Geography
Frequently Asked Questions
What is the US pet food market size and growth forecast?
The US pet food market size to reach revenues of over $34 billion, growing at a CAGR of around 4% during 2016-2022.
What are the factors impacting the growth of the US pet food market?
The growing demand for premium and super-premium pet foods will have a positive impact on the market in the US and will help players launch pet food products specifically designed to meet the requirements of the consumers in the US market.
Who are the key players in the US pet food market?
The leading players in the US pet food market are Mars Inc., Nestlé, The J.M. Smucker Company, and Colgate-Palmolive.
Which segment is contributing to the US pet food market growth?
The dry food segment occupied more than half of the pet food market share in 2016 and is estimated to grow at a CAGR of around 4% during the forecast period.
The pet food market in US is driven by the introduction of new products that give health benefits to pets along with adhering to various regulation standards by regulatory bodies. The development of online marketing channels for distribution will propel the growth of the market in US. The market research report provides in-depth market analysis and segmental analysis of the pet food market in US by a pet animal, food, distribution channels, and geography.
Base Year: 2016
Forecast Year: 2017–2022
The study considers the present scenario of the pet food market in US and its market dynamics for the period 2017−2022. The study covers a detailed overview of various market growth enablers, restraints, and trends. It covers both the demand and supply sides of the market. The study also profiles and analyzes the leading four companies and ten other prominent companies operating in the market.
Major Vendors in the Pet Food Market in US
Prominent Players in the Pet Food Market in US
Market Segmentation by Pet Animal
Market Segmentation by Food Type
Market Segmentation by Distribution Channels
Market Segmentation by Geography
1 Research Methodology
2 Research objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Animal Type
4.3.2 Market Segmentation by Product Type
5 Report Assumptions & Caveats
5.1.1 Inclusions
5.1.2 Exclusions
5.2 Currency Conversion rate
5.3 Market Derivation
6 Market at a Glance
7 Introduction
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Rise of Anthropomorphism
8.1.2 Recession-proof Industry
8.1.3 Increased Pet Penetration through Adoption Leading to High Demand for Food
8.1.4 Humanization of Pet as Family Members
8.1.5 Vendors Investment and Marketing Strategies on Pet, Foods and Pet Related Products
8.2 Market Growth Restraint
8.2.1 Products Recalls Due to Possible Contamination and Health Issues Among Pets
8.2.2 Manufacturing Challenges for the Companies
8.2.3 Imported Food Ingredients May Lack Adherence to FDA Regulations
8.3 Market Opportunities & Trends
8.3.1 Demand for Healthy, Natural, and Organic Food
8.3.2 Increased Demand for Premium Pet Snacks
8.3.3 Freeze-dried Raw Food Demand Growing Quickly
8.3.4 Superfood Formulas in Food
8.3.5 Online Customized Food
8.4 Porter’s Five Forces Analysis
8.4.1 Threat of New Entrants
8.4.2 Bargaining Power of Suppliers
8.4.3 Bargaining Power of Buyers
8.4.4 Threat of Substitutes
8.4.5 Competitive Rivalry
9 Global Pet Food Market
9.1 Market Overview
9.2 Macroeconomic Factors Driving Market Growth
9.2.1 Per Capita GDP in Developing Markets
9.2.2 Dual-income Households in Developed Markets
10 Pet Food Market in US
11 Pet Food Regulations
12 Pet food market in US by Product Type
12.1 Market Overview
12.2 Dog Food Market in US
12.2.1 Market Overview
12.3 Cat pet food market in US
12.3.1 Market Overview
12.4 Pet Food Market for Other Animals in US
12.4.1 Market Overview
13 Pet Food Market by Food Type
13.1 Market Overview
13.2 Dry Pet Food Market in US
13.2.1 Market Overview
13.3 Wet Pet Food Market in US
13.3.1 Market Overview
13.4 Pet Treats Market in US
13.4.1 Market Overview
14 Pricing Analysis
14.1 Market Overview
15 Competitive Landscape
15.1 Market Overview
15.2 Market Ranking Analysis
16 Key Company Profiles
16.1 Mars Inc.
16.1.1 Business Overview
16.1.2 Mars in Pet Food Market
16.1.3 Product Offerings
16.1.4 Key Strengths
16.1.5 Key Strategies
16.2 Nestlé
16.2.1 Business Overview
16.2.2 NESTLÉ PURINA PETCARE
16.2.3 Product Offerings
16.2.4 Key Strengths
16.2.5 Key Strategies
16.3 The J.M. Smucker Company
16.3.1 Business Overview
16.3.2 Big Heart Pet Brands
16.3.3 Product Offerings
16.3.4 Key Strengths
16.3.5 Key Strategies
16.4 Colgate-Palmolive
16.4.1 Business Overview
16.4.2 Hill's Pet Nutrition
16.4.3 Product Offerings
16.4.4 Key Strengths
16.4.5 Key Strategies
17 Other Prominent Companies
17.1 Ainsworth Pet Nutrition
17.1.1 Business Overview
17.1.2 Product Offerings
17.2 American Nutrition
17.2.1 Business Overview
17.2.2 Product Offerings
17.3 Bil-Jac Foods
17.3.1 Business Overview
17.3.2 Product Offerings
17.4 Blue Buffalo Pet Products
17.4.1 Business Overview
17.4.2 Product Offerings
17.5 Elmira Pet Products
17.5.1 Business Overview
17.5.2 Product Offerings
17.6 Fromm Family Foods
17.6.1 Business Overview
17.6.2 Product Offerings
17.7 Hubbard Feeds
17.7.1 Business Overview
17.7.2 Product Offerings
17.8 Halo, Purely for Pets
17.8.1 Business Overview
17.8.2 Product Offerings
17.9 Petcurean Pet Nutrition
17.9.1 Business Overview
17.9.2 Product Offerings
17.1 Rush Direct Inc.
17.10.1 Business Overview
17.10.2 Product Offerings
18 Report Summary
18.1 Key Takeaways
18.2 Qualitative Summary of Pet Food Market in US 2016–2022
18.3 Quantitative Summary of Pet FOOD Market IN US 2016-2022
19 Appendix
19.1 List of Abbreviations
List of Exhibits
Exhibit 1 Segmentation of Pet Food Market in US
Exhibit 2 Market Size Calculation Approach 2016
Exhibit 3 Market Size Calculation 2016
Exhibit 4 Global Pet Ownership by Households and Likelihood to Own a Pet among Non-owners by Gender
Exhibit 5 Pet Sales Vs. Other Retail Sales in US 2016 ($ billion)
Exhibit 6 Pet Industry Expenditure in US 1994–2016 ($ billion)
Exhibit 7 Pets as Part of Family Part-1
Exhibit 8 Popular Pet Names in US (2016)
Exhibit 9 Pets as Part of Family Part -2
Exhibit 10 Five Forces Analysis 2016
Exhibit 11 Market Share and Growth Rate of Global Pet Food Market 2015–2016
Exhibit 12 Global Pet Food Market 2016–2022 ($billion)
Exhibit 13 Working Population in Major Countries (in million)
Exhibit 14 CAGR of Working Population in Key Countries 2016–2022
Exhibit 15 Comparison of Pet Population in Key Countries 2016 (million)
Exhibit 16 Comparison of Pet Ownership by Key Countries 2016 (in million)
Exhibit 17 Comparison of Pet-friendliness among Total Population in Key Countries 2016 (%)
Exhibit 18 Dual-income Households in US (1970 Vs. 2015)
Exhibit 19 Pets Ownership in US for 2014 and 2016
Exhibit 20 Food Spending by Age Group ($ billion)
Exhibit 21 Pet Food Market in US 2016–2022 ($ billion)
Exhibit 22 Food Market in US 2016–2022 (MMT)
Exhibit 23 Various Regulatory Bodies Involved in Manufacturing
Exhibit 24 Pet Food Market in US by Product Type 2016 (% Volume)
Exhibit 25 Share of Pet Food Market in US by Product Type 2016-2022
Exhibit 26 Number of Pet Dogs in North America 2010-2016 (million)
Exhibit 27 Dog Food Market in the US 2016-2022 ($ billion)
Exhibit 28 Type of Dogs by Size in North America 2010-2016
Exhibit 29 Dog Food Market in the US 2016-2022 (MMT)
Exhibit 30 Cat Food Market in the US 2016-2022 ($ billion)
Exhibit 31 Cat Food Market in the US 2016-2022 (MMT)
Exhibit 32 Pet Statistics in the US 2016
Exhibit 33 Pet Owners of Different Generations in 2016-2017
Exhibit 34 Food for Other Types of Animals in the US 2016-2022 ($ billion)
Exhibit 35 Food for Other Types of Animals in the US 2016-2022 (million MT)
Exhibit 36 Pet Food Market in US by Food Type
Exhibit 37 Share of Pet Food Market by Food Type 2016
Exhibit 38 Sales Channel of Food in Key Countries 2016
Exhibit 39 Dry Pet Food Market in the US 2016-2022 ($ billion)
Exhibit 40 Dry Food Market in the US 2016-2022 (MMT)
Exhibit 41 Dry Food Market by Animal Type ($ billion)
Exhibit 42 Wet Pet Food Market in the US 2016-2022 ($ billion)
Exhibit 43 Wet Food Market in the US 2016-2022 (MMT)
Exhibit 44 Wet Pet Market by Animal Type ($ billion)
Exhibit 45 Pet Treats Market in the US 2016-2022 ($ billion)
Exhibit 46 Pet Treat Market in the US 2016-2022 (MMT)
Exhibit 47 Pet Treats Market in US by Animal Type ($ billion)
Exhibit 48 Average Selling Price in US 2016–2022 ($ per kg)
Exhibit 49 CAGR Comparison of Average Selling Price of Food Segments 2016–2022
Exhibit 50 Average Selling Price of Dog Food in US 2016–2022 ($ per kg)
Exhibit 51 Average Selling Price of Cat Food in US 2016–2022 ($ per kg)
List of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2016
Table 3 Product Recalls from Different Food Manufacturers in US
Table 4 Overview of Pet Food Market in the US 2016-2022
Table 5 Advantages and Disadvantages of Dry Food
Table 6 Dry Pet Food Market by Animal Type 2016-2022 ($ billion)
Table 7 Dry Food Market by Animal Type 2016-2022 (MMT)
Table 8 Advantages and Disadvantages of Wet Food
Table 9 Wet Food Market by Animal Type 2016-2022 ($ billion)
Table 10 Wet Food Market by Animal Type 2016-20122 (MMT)
Table 11 Pet Treat Food Market in US by Animal Type 2016–2022
Table 12 Pet Treat Food Market in US by Animal Type 2016–2022
Table 13 Recent M&A in Industry
Table 14 Market Ranking Analysis 2016
Table 15 Food Offerings by Mars
Table 16 Qualitative Summary of Pet Food Market in US
Table 17 Quantitative Summary of Market in US by Animal Type ($ billion)
Table 18 Quantitative Summary of Market in US by Food Type (MMT)
Table 19 Quantitative Summary of Dog Pet Food Market in US by Food Type ($ billion)
Table 20 Quantitative Summary of Dog Food Market in US by Food Type (MMT)
Table 21 Quantitative Summary of Cat Food Market in US by Food Type ($ billion)
Table 22 Quantitative Summary of Cat Pet Food Market in US by Food Type (MMT)
Table 23 Quantitative Summary of Pet Food Market for Other Animals in US by Food Type ($ billion)
Table 24 Quantitative Summary of Cat Pet Food Market in US by Food Type (MMT)
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