United States Pet Food Market is dominated by Dog Pet Type Segment During the Forecast Period
Increasing pet humanization
and rising the pet ownership in the country are the key factors driving the
growth and demand of the pet food market in the United States.
According to TechSci Research
report, “United States Pet Food Market”- By Region, Competition
Forecast and Opportunities, 2017-2027”, In recent years, the US
pet food market has expanded significantly. Pet foods are primarily used as
functional foods, even though they are typically intended to give pets a
complete and balanced diet. Pet foods help owners avoid the hassle of providing
a nutritional diet to their animals by meeting the healthy adequacy standard.
As more people adopt
pets, there are more opportunities for the industry because pet owners are
becoming more and more concerned with their pets' diets and food intake. Pet
food manufacturers are responding to consumer demand for healthy, premium
quality, sustainably produced pet food that is also minimally processed and
uses fewer artificial preservatives.
Pet food manufacturers
are facilitating the production process to increase efficiency and safety.
Utilizing cutting-edge manufacturing technology helps businesses reduce costs
and guarantee product quality. Examples include automating liquid delivery, batching,
drying, coating, and formulation. Investors should consider ancillary markets
like the market for pet medications, veterinary products, pet insurance, pet
grooming, and wellness products, in addition to pet food stocks. The millennial
generation's rising demand has led to growth trends in the pet food industry, which is
appealing. Although the pet humanization trend boosted the market during the
pandemic, the sector would continue to expand and offer various investment
opportunities. Because pet ownership is becoming more popular and pet owners
place a high value on their pets' health and nutrition, the US pet food
industry is a lucrative sector to keep an eye on.
Browse over XX market
data Figures spread through 70 Pages and an in-depth TOC on "United States Pet Food Market".
The United States
pet food market is segmented into pet type, food type, distribution channel,
and region. Based on pet
type, the market is segmented into dogs, cats, fish, and others. Among these,
the dog segment holds the leading share in the market during the forecast
period. Due to growing consumer awareness of pet health issues, dog weight
maintenance and improvement have received more attention. Customers choose from
various offered foods and rely heavily on product brands. Manufacturers are
constantly working to increase their overall profit margin by breaking into the
market for premium food products.
The market is
segmented based on food type: dry, wet, and others. Among these, dry pet food
holds the leading share in the market during the forecast period. Some of these
products are specifically formulated to clean teeth while consumed and are
cost-effective. These elements give dry pet foods a competitive advantage over
their long-standing rival, wet pet foods. Dry pet food can also be left outside
for a long time without going bad. As a result, it is convenient for owners who
lead busy lives. Since dry pet food has the most extended shelf life and a
range of oxidative stability, it makes up the most significant portion of the
pet food market.
Based on
distribution channels, the market is segmented into supermarket/hypermarket,
pet shop/ pet specialty shop, butcher, and online. Among these, the online
segment holds the leading share in the market during the forecast period. Many
online retailers draw customers because of their attractive discounts. Demand
for pet food and other products has increased due to the increase in online
shopping websites. Major e-commerce businesses constantly offer more enticing
discounts to customers to establish their presence.
The region's
market is segmented into South, West, Mid-West, and North-East. Among these,
the Mid-West region holds the leading share in the market during the forecast
period due to the increasing trend of humanization in the region, which fuels
the demand for the pet food market in the US.
Major operating companies
operating in the United States Pet Food Market are:
- Nestlé Purina
PetCare Company (Nestle S.A.)
- Mars Inc.
- Diamond Pet Foods,
Inc. (SCHELL & KAMPETER, INC.)
- The J.M. Smucker
Company
- Colgate-Palmolive
Company
- Blue Buffalo
Company, Ltd.
- The Hartz Mountain Corporation
- Wellness Pet
Company, Inc.
- Simmons Foods, Inc.
- Stella &
Chewy’s, LLC
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“The key factors influencing
the US pet food market size are changing demographics, increasing product
differentiation, and shifting consumer perceptions of pet health. Pet
humanization encourages consumers to buy nutritious, high-quality food for
their animals, boosting the market's expansion. Additionally, as consumer
income rises, more people are being influenced to spend money on high-quality,
organic pet food products to enhance the health of their companion animals.
Another factor that encourages growth in the US pet food market is the
accessibility of pet food with various price options.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
United States Pet Food
Market By Pet Type (Dog, Cat, Fish and Others), By Food Type (Dry, Wet, Others),
By Distribution Channel (Supermarket/Hypermarket, Pet Shop/ Pet Specialty Shop,
Butcher and Online),
By Region, By Company, Forecast & Opportunities, 2017-2027,
has
evaluated the future growth potential of US pet food 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 the pet food market in United States.
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