Pet Treat Market Reaches US$ 122.1 Billion by 2032: Exploring Growth Opportunities, Product Innovations | Future Market

In 2022, the pet treat market is anticipated to be worth US$ 70.1 billion. During the forecast period, sales are expected to grow at a CAGR of 5.7%, reaching a value of US$ 122.1 billion by 2032. According to new data from Future Market Insights (FMI), pet treat demand is expected to expand 5.5% year on year (Y-o-Y) in 2022.

Customers believe that raw organic meals are the best choice for their pets because processing can lose both nutrients and enzymes. They are also concentrating on freeze-dried organic pet food pieces and specialty kibbles, which is pushing organic pet food producers to provide clean-labeled organic pet food, human-grade organic pet food, organic pet food that is focused on the keto diet, as well as organic pet food made from sustainable food sources.

As pet owners prioritise providing natural and chemical-free nutrition for their cherished animals, the market for organic pet food is rapidly rising. Organic pet food is growing more popular in the market due to increased consumer awareness of its ethical and health benefits, which is supporting its rise in the pet care sector.

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Dog as pet type, adult pet life-stage, medium pet size, raw packaged items, flavored products, and online retail sales channel segments are the most lucrative segments in the global organic pet food market.

“Increasing awareness regarding digestive issues in pets due to harmful effects of processed pet food products, along with high demand for flavorful pet food products across emerging economies will boost the market over the assessment period,” says and FMI analyst.

Key Takeaways

• Based on pet-life stage, sales of adult organic pet food are forecast to gain traction through 2032.
• The global organic pet food demand is projected to grow year-on-year (Y-o-Y) by 5.7% in 2022.
• The U.S. is expected to dominate the North America organic pet food market over the assessment period.
• Germany will emerge as a lucrative pocket in the Europe organic pet food market through 2032.
• China is expected to account for a lion’s share in the East Asia organic pet food market over the forecast period.

Competitive Landscape

Purina PetCare (Nestle), Biopet Pet Care Pty Ltd, Evanger’s Dog & Cat Food Company, Inc., Newman’s Own, Inc., and Castor & Pollux Natural Pet works are some of the leading organic pet food manufacturers.

Key organic pet food brands are conducting several research activities and are looking for strategic partnerships, while other brands are focusing on developing applications in the food sector to launch high quality food and beverage solutions. For instance:

• In 2020, Primal Pet announced to rebrand its Mixes line in pet food category as Market Mix Raw Toppers. The products are organic with organically sourced from animal protein, bone, and organ (85%) and organic fruits and vegetables (15%).

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global organic pet food market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on pet type (dog, cat, fish, bird, and others), pet life-stage (adult, kitten/ puppy, and others), pet size (small, medium, large, and others), packaging type (raw, powdered, dry & dehydrated, liquid & gravy, canned, frozen & freeze-dried, and others), flavor (unflavoured and flavoured), and sales channel (hypermarkets /supermarkets, convenience stores, discount stores, online retail, and others retail formats), across seven major regions of the world.

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Pet Treat Market by Category

By Pet Type:

• Dog
• Cat
• Others

By Pet Life-stage:

• Adult
• Kitten/ Puppy
• Others

By Product Type:

• Granules & Flakes
• Chunks & Nuggets
• Sticks & Wafers
• Kibbles & Pellets
• Shredded & Sliced
• Others

By Packaging Type:

• Raw
• Powdered
• Dry & Dehydrated
• Liquid & Gravy
• Canned
• Frozen & Freeze-Dried
• Others

By Flavor:

• Unflavoured
• Flavored
• Bacon & Beef
• Chicken & Duck
• Cheese
• Cod & Fish
• Egg
• Fruit & Berries
• Lamb & Pork
• Liver
• Mint
• Peanut Butter
• Others

By Sales Channel:

• Hypermarkets /Supermarkets
• Convenience Stores
• Discount Stores
• Online Retail
• Others Retail Formats

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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Author

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.