Dry Pet Food Market Introduction:
According to the USD Analytics published latest research report, the global “Dry Pet Food Market” is expected to grow at a tremendous CAGR of 5.1% during the forecast period 2023-2030.
Pet humanization is becoming more popular across the world. According to the American Pet Products Association, more than 67% of families (84.9 million households) in the United States had pets in 2020-21, and this figure is likely to rise further. As a result of increasing pet rearing, pet food producers are introducing premium goods aimed at pet owners.
Market Drivers:
Dry pet meals are in high demand when compared to other pet food products because pet owners find them to be a simple and convenient diet option without sacrificing nutritional content. The convenience of keeping and feeding pets is increasing the demand for dry pet food among young and working urban pet owners throughout the globe.
Cats and dogs contribute the most to the dry pet food market. Almost 70% of households had a pet, according to the American Pet Products Association’s (APPA) National Pet Owners Survey 2021-2022. It was also projected that 54% of US homes had a dog, a figure that has risen dramatically in the last five years. According to statistics from the European Pet Food Federation (FEDIAF), 46% of European homes had pets as of the end of 2021, equating to 90 million households.
Cats and dogs continue to be the most popular pets, with 25% of European Union (EU) families owning at least one. The increasing popularity of cats and dogs suggests a greater need for a wide variety of pet food supplies, which is projected to drive the market throughout the forecast period.
Market Restraints:
Competition from alternative pet food formats:
The dry pet food market faces competition from other pet food formats, such as wet food, frozen food, raw food, and homemade diets. Some pet owners prefer these alternatives due to perceived health benefits or personal preferences.
Market Trends:
Growing Trend of Pet Humanization in All Regions
Pet humanization is now a widely used word in the pet market. More pet owners desire to give human-like items or experiences to their dogs and regard themselves as pet parents rather than owners. This has been a significant and defining trend in the industry analyzed, particularly in industrialized nations. As a result, the pet food market is predicted to grow as pets become more humanized.
Pet ownership in Europe is expanding, according to the European Pet Food Federation (FEDIAF), with 90 million European households (46%) having companion animals, resulting in approximately EUR 20 billion in associated services and goods. Germany ranks first in terms of both cat and dog numbers. Cats are the most popular pet in the European Union. Cats seem to outnumber dogs in every country studied. However, dogs outweigh cats by around 6 million in Spain.
Market Opportunities:
Premium and specialized formulations:
There is a growing demand for premium and specialized dry pet food formulations, such as grain-free, limited ingredient, or natural and organic options. Manufacturers can capitalize on this trend by offering innovative and high-quality products to cater to specific dietary preferences and health requirements.
Expansion into emerging markets:
Emerging markets, particularly in Asia Pacific and Latin America, offer significant growth opportunities for the dry pet food market. Rising disposable incomes, urbanization, and changing lifestyles contribute to increased pet ownership and demand for quality pet food.
Online retail and e-commerce:
The rise of e-commerce and online retail platforms has provided new avenues for selling and distributing dry pet food. Manufacturers can leverage these platforms to reach a wider customer base and offer convenient purchasing options for pet owners.
Recent Industry Developments:
- ADM released a new premix line in October 2022 to satisfy increased customer demand for pet nutrition. It will create high-quality, useful premixes for dry meals, snacks, nutritional supplements, and wet pet foods.
- Nestle purchased the pet food manufacturer Purina Petcare India in July 2022. This will transfer the company’s full assets and obligations, including the workers.
- MARS Petcare released premium cat food under the IAMS brand in India in May 2022. In India, this brand provides four dry varieties that are specifically developed to provide healthy, natural protection for both adult cats and kittens.
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Segmentation Analysis:
Type
- Dogs
- Cats
- Others
Product
- Kibble
- Others
- Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores and Independent Retailers
- Specialty Stores
- Online Retailers
- Others
Source
- Protein
- Cereals and Cereal Derivatives
- Others
Geographical Analysis:
The global dry pet food market is segmented into North America, Europe, South America, Asia Pacific, and Middle East & Africa.
North America Dry Pet Food Market:
According to a recent American Pet Products Association poll, pet owners would spend more than USD 50 billion on pet food in 2021, with dog owners paying an average of USD 287 per year. According to the same poll, 41% of dog owners want to give their pet premium dog food in 2020, up from 37% in 2019.
Dry pet food is mostly distributed in the United States and Canada via specialized pet shops, mass retail stores, pet superstores, internet sales, niche specialists, supermarket chains, drugstores, and agricultural supply stores. To boost safety and efficiency, pet food makers are automating the manufacturing process.
Innovative manufacturing technology, such as automating formulation, batching, drying, coating, and liquid delivery, is assisting businesses in achieving cost efficiency while maintaining product quality. The North American dry pet food industry is dominated by Nestlé Purina Petcare Company, Mars Inc., Hill’s Pet Nutrition Inc., and Blue Buffalo Co. Ltd.
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Competitive Landscape:
The major companies included in the global dry pet food market are Mars Inc., Nestle Purina Petcare Company, The JM Smucker Company, Colgate-Palmolive Company (Hill’s Pet Nutrition Inc.), General Mills Blue Buffalo Pet Products Inc., Nutriara Alimentos Ltd, Clearlake Capital Group L.P., Schell & Kampeter Inc., Alltech Inc., Archer Daniels Midland.
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