Pet Treats and Chews Market to Grow with a CAGR of 5.7% Globally through 2028

The global pet treats and chews market is experiencing significant growth, driven by increasing pet ownership and a rising demand for natural and nutritious products. E-commerce plays a crucial role in expanding market accessibility.

According to TechSci Research report, “Global Pet Treats and Chews Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Pet Treats and Chews Market stood at USD 8.3 Billion in 2022 and is anticipated to grow with a CAGR of 5.7% in the forecast period, 2024-2028. The global pet treats and chews market is experiencing robust growth driven by increasing pet ownership, a focus on pet health, and the popularity of premium, natural, and functional treats. E-commerce plays a pivotal role in market accessibility, while customization and personalization cater to diverse consumer preferences. However, challenges encompass regulatory compliance complexities, the need for consumer education on transparency, and ensuring product quality and safety. Additionally, sustainability concerns influence product development. Amid these challenges, the industry remains dynamic, shaped by trends like plant-based options and gourmet treats, indicating a continuously evolving market landscape.

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The global pet treats and chews market is propelled by a confluence of factors that collectively contribute to its robust growth and evolution. One of the primary drivers is the escalating trend of pet ownership worldwide. Pets are increasingly regarded as integral family members, fostering a deep emotional connection between owners and their furry companions. This paradigm shift has led to a greater emphasis on providing high-quality, nutritious treats, driving the demand for diverse and premium products in the market.

A second driving force is the growing awareness of pet health and nutrition. Pet owners are becoming more discerning about the ingredients in their pets' diets, seeking treats that not only offer indulgence but also contribute positively to their pets' overall well-being. This heightened awareness has sparked a trend towards functional treats, formulated with specific health benefits such as joint support, dental care, and skin and coat enhancement. The market responds to this demand by offering an expanding array of treats that cater to various health concerns, reflecting the evolving expectations of pet owners.

The third driver shaping the market is the rise of premiumization. Pet owners are increasingly willing to invest in higher quality and more indulgent treats, mirroring the broader consumer trend towards premium products. This has given rise to gourmet treats, organic options, and those made from human-grade ingredients. The desire to pamper pets with upscale treats not only meets the demand for luxury but also fosters brand loyalty as pet owners seek unique and differentiated offerings for their beloved companions.

The fourth key driver is the significant role played by e-commerce in the pet treats and chews market. The advent of online platforms has revolutionized the pet retail landscape, offering unparalleled convenience and accessibility for consumers. E-commerce provides a diverse array of options, allowing pet owners to explore, compare, and purchase products from the comfort of their homes. The direct-to-consumer model has also gained prominence, enabling manufacturers to establish closer connections with their customer base and gather valuable feedback, further enhancing the overall consumer experience.

Continuous innovation in product development represents the fifth major driver for the pet treats and chews market. Manufacturers are investing in research and development to create unique and differentiated products that cater to the diverse preferences of pet owners. This includes the introduction of novel ingredients, flavors, and formulations, as well as the development of treats with specific health benefits. The market's dynamic nature is evident in the constant evolution of product offerings, as companies strive to stay ahead of trends and meet the ever-changing demands of pet owners.

Major companies operating in Global Pet Treats and Chews Market are:

• Big Heart Pet Brands, Inc.
• Allanasons Pvt Ltd
• Eurocan Pet Products
• The Dog Treat Company
• Redbarn Pet Products LLC
• MANELI PETS
• PORTLAND PET FOOD COMPANY
• Cadet Pet, Inc.
• Presidio Natural Pet Co
• Zuke's - Natural Dog Treats

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“The global pet treats and chews market is thriving due to escalating pet ownership trends, heightened awareness of pet health, and the growing demand for premium and functional treats. E-commerce plays a pivotal role in market expansion, providing convenient access for pet owners. Premiumization is evident as consumers seek high-quality, indulgent treats, while continuous innovation drives diverse product offerings. However, challenges include regulatory complexities and the need for consumer education. Despite challenges, the market remains dynamic, shaped by trends like plant-based options and gourmet treats, indicating a continually evolving landscape with opportunities for industry players.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Pet Treats and Chews Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Natural and Organic Treats, Functional Treats, Others), By Pet Type (Dogs, Cats, Others), By Sales Channel (Supermarket/Hypermarket, Specialty Stores, Online, Others), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Pet Treats and Chews Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Pet Treats and Chews Market.

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