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Pet Food Treats Market: Description
Pet foods are unique foods that are made from plant or animal matter. Pet food, treats, and beverages can make up the market for the same. Pet treats that are with high-quality components are usually recommended for the consumption of nutrition. It is said that treats are a technique for reinforcing positive behaviour in pets. Drinks are mostly to be referred to as liquid consumables to quench thirst. Baked goods, such as biscuits, dried vegetables or fruits, and toasted grains are the common snacks for the pets.
Jerky, tooth chews, and other treats are some of the pet food. Pet owners usually keep a stock of treats for dogs and cats, during lockdown times which had caused a short-term boom in sales. In some of the hardest hit areas, the sale had grown higher. Pet Food Treats are examined severe at every stage, right from the ingredients utilized in the food production to their sales and marketing.
Source: WMR
Pet Food Treats Market: Overview
The Pet Food Treats Market was estimated at USD 70,000 million in 2022 and is estimated to reach up to USD 96,700 million by 2033 with a compound annual growth rate (CAGR) of over 5.45% during the forecast period.
The increased adoption of pets, mainly in developing nations is one of the primary factors that drives the global pet food treats markets growth. Pet owners have become more mindful of their pets' nutritional demands as a result of their humanization and also have been feeding them only high-quality and nutritional meals. This element is likely to have a substantial impact on the global pet treat market's growth. Also, as per capita wealth rises around the world, pet owners are ready to spend more on their pets' health. Pet treat producers all over the world have been putting a lot of effort into dominating the market as they release a varied selection of products to feed the needs of all types of pets of various ages and nutritional requirements. Crunchy and chewy snacks are mostly preferred for dogs, while wet foods are preferred for cats. However, both of these animals require high protein treats in order to meet their fundamental dietary requirements. To increase their consumer market, companies have provided specific treats for other pet types, such as rabbits.
Pet food treats manufacturers have also been delivering individualized pet foods from the perspective of the customer which is emerging as a new trend in the global pet food treats market. Pet food customization has become more popular as e-commerce grows, that will drive the global pet treats market growth.
Source: WMR
Pet Food Treats Market: Key Trends
Personalised Pet Food Treats in gaining rapid traction in the Market:
The concept of personalised pet food treats is becoming widespread throughout the world. It is expected to become popular among the developing markets in the forecast period. Personalised pet food treats for pet animals have a lot of potential to grow significantly as the pet owners are becoming more conscious about the pet foods that are being given to their pets. The personalised pet foods gives a huge growth opportunity to the brands and companies that offers them specially formulated and customised food products for pet animals. Pet owners now, need transparency about the ingredients that are used in the preparation of the pet food treats.
Increase in innovation by Pet Food Manufacturers is positively influencing market:
The key market players are focusing on the launch of a variety of food products for pets in order to address the needs of different types of animals which belong to different age groups. This has led to drive the growth of the pet food market. The manufacturers are developing new products that is having a positive influence on the market growth. Companies such as, The J.M. Smucker, Nestle, and Mars Inc., has launched premium food products in order to grab the customers attention and address the growing pets needs.
Covid 19 Impact on the Market
The Covid 19 pandemic had a negative effect on the pet food treats market. The pandemic has a negative impact on the supply chain of the pet food industry because of the disruption in production and logistics. But, the pet food markets manufacturers continuous efforts in order to ensure that food supplies for pet animals dont get disrupted and also the high demand for dog and cat food among pet owners has led to the rise in the value of the market. As people have been working from home during lockdown, they used the opportunity to get a family pet. Various studies have indicated that people who have pets suffer less from anxiety and depression because o the companionship the pet brings home. Therefore, the pet food treats market has seen a tremendous growth during the pandemic period.
Competitive Landscape:
The Pet Food Treats Market is consolidated with many major players that hold more than 60% of the global market share. These market players include- Del Monte Food, Inc., Colgate-Palmolive Company, TruDog, ANI BRANDS, WellPet LLC., Mars Incorporation, GA Pet Foods Partners, SmartCookieTreats.com, Nutriara Alimentos Ltd., Diamond Pet Foods, Blue Buffalo Company Ltd., Total Alimentos SA, Nestle Purina Petcare Company, The J.M. Smucker Company, Unicharm Corporation, Plato Pet Treats, Royal Canin, and Yantai China Pet Foods Co. Ltd., ColPal, General mills, Heristo ag, United Pet Group, Tiernahrung Deuerer GmbH, Nippon Pet Food Co, Champion Petfoods LP, Merric Pet Care, P&G Pet Care, Hill's Pet Nutrition, InVivo NSA, Debifu Pet Products Co. Ltd., Agrolimen Sa and others.
Mars Incorporated at present holds the majority share in the global market. This company has adopted strategies, such as, innovative product launch, mergers and acquisitions, brand strengthening and online distribution of its products in order to increase its customer base and become the leading market player.
Pet Food Treats Market: Segmentation Analysis:
On the basis of Animal Type
Dogs
Cats
Birds
Others
The adoption of dogs as pets is higher across the globe that is a major reason behind the dominance of this animal in the global market. The humanization of animals has also led to the adoption of more dogs and cats across the globe. High expenditure that is associated with the maintenance and well-being of dogs is growing the market for natural and higher-quality dog food. Also, the launch of dog treats and nutrition-rich food is another significant reason contributing to the growth of the segment.
Source: WMR
On the basis of Food Type
Dry Form
Wet Form
Treat and Snacks
Veterinary Diets
Others
Dry form is the most preferred dog and cat food option by the owners. Dry form products offer higher convenience and have a higher shelf-life as compared to wet food. For dogs, dry food is the most favoured option as it is cheap and hence affordable for many dog owners. Moreover, dry pet food because of their firm texture, aids the dental health of pets along with maintaining their dental hygiene.
On the basis of Raw Material
Plant-Based
Animal-Based
Synthetic
On the basis of Cost-Category
Premium Pet food
Mass or Bulk Pet food
On the basis of Sales Channel
Supermarkets or Hypermarkets
Specialized Pet Shops
Online Sales channel
Others
Pet Food Treats Market: Regional Segmentation
North America at present, holds the majority of pet food market share in the global market and the region is predicted to lead the market throughout the forecast period. High adoption of pets in the U.S. households is one of the significant reasons for the dominance of the region. Asia Pacific is predicted to be the fastest-growing region in the global market, followed by South America. Economies such as China, Japan and Australia are the major contributors for revenue generation across the region.
Report Scope
Pet Food Treats Market Forecast Years: 2023-2033
Pet Food Treats Market Historical Years: 2020-2021
Pet Food Treats Market 2023: USD 70 Million
Pet Food Treats Market 2033: USD 96.7 Million
Pet Food Treats Market CAGR: 5.45%
Key Segments: Animal type; Form Analysis; Distribution; By Consumers
Key Regions: North America; Europe; Asia Pacific; Middle east and Africa; Latin America
Key Companies: Del Monte Food, Inc., Colgate-Palmolive Company, TruDog, ANI BRANDS, WellPet LLC., Mars Incorporation, GA Pet Foods Partners, SmartCookieTreats.com, Nutriara Alimentos Ltd., Diamond Pet Foods, Blue Buffalo Company Ltd., Total Alimentos SA, Nestle Purina Petcare Company, The J.M. Smucker Company, Unicharm Corporation, Plato Pet Treats, Royal Canin, and Yantai China Pet Foods Co. Ltd., ColPal, General mills, Heristo ag, United Pet Group, Tiernahrung Deuerer GmbH, Nippon Pet Food Co, Champion Petfoods LP, Merric Pet Care, P&G Pet Care, Hill's Pet Nutrition, InVivo NSA, Debifu Pet Products Co. Ltd., Agrolimen Sa and others.
1. Global PET FOOD Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. PET FOOD Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million) & Volume (Units)
1.4. Global PET FOOD Market Scope and Market Estimation
1.4.1. Global PET FOOD Overall Market Size (US$ Million) & (Units), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global PET FOOD Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. PET FOOD Market Segmentation
1.5.1. Pet Type of Global PET FOOD Market
1.5.2. Raw Material of Global PET FOOD Market
1.5.3. Food Type of Global PET FOOD Market
1.5.4. Cost Category of Global PET FOOD Market
1.5.5. Sales Channel of Global PET FOOD Market
1.5.6. Key Regions of Global PET FOOD Market
2. Global PET FOOD Market - Executive Summary
2.1. Global PET FOOD Market Summary & Snapshot
2.2. Global PET FOOD Market, By Pet Type (US$ Million) & (Units)
2.3. Global PET FOOD Market, By Raw Material (US$ Million) & (Units)
2.4. Global PET FOOD Market, By Food Type (US$ Million) & (Units)
2.5. Global PET FOOD Market, By Cost Category (US$ Million) & (Units)
2.6. Global PET FOOD Market, By Sales channel (US$ Million) & (Units)
2.7. Global PET FOOD Market, By Geography (US$ Million) & (Units)
2.8. Global PET FOOD Market Outlook & Future Opportunities
3. PET FOOD Market Trends, Outlook, and Factors Analysis
3.1. Global PET FOOD Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global PET FOOD Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Pet ownership and adoption are on the rise.
3.2.1.2. Consumer awareness of natural and organic pet food items has grown.
3.2.1.3. The tendency of nuclear households is increasing.
3.2.2. Restraints
3.2.2.1. Government Pet Food Regulations
3.2.3. Opportunities
3.2.3.1. Increased empathy for pets as a result of the COVID-19 Pandemic boosted the pet food market.
3.2.3.2. Increasing Pet Diet Food Awareness
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of PET FOOD Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of PET FOOD Market
3.9.1. By Pet Type
3.9.2. By Raw Material
3.9.3. By Food Type
3.9.4. Cost Category
3.9.5. Sales Channel
3.9.6. By Regions
4. Global PET FOOD Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global PET FOOD Market, 2020 2021 (US$ Million) & (Units)
4.2. Global PET FOOD Market, By Pet Type, 2020 to 2021 (US$ Million) & (Units)
4.3. Global PET FOOD Market, By Raw Material, 2020 to 2021 (US$ Million) & (Units)
4.4. Global PET FOOD Market, By Food Type, 2020 to 2021 (US$ Million) & (Units)
4.5. Global PET FOOD Market, By Cost Category, 2020 to 2021 (US$ Million) & (Units)
4.6. Global PET FOOD Market, By Sales Channel, 2020 to 2021 (US$ Million) & (Units)
4.7. Global PET FOOD Market, By Region, 2020 to 2021 (US$ Million) & (Units)
5. Global PET FOOD Market Estimates & Forecast Trend Analysis, by Pet Type
5.1. Global PET FOOD Market Share (%) Estimates and Forecasts, by Pet Type, 2022 & 2033
5.2. Global PET FOOD Market Size (US$ Million) & (Units) Estimates and Forecasts, by Pet Type, 2022 to 2033
5.2.1. Dogs
5.2.2. Cats
5.2.3. Birds
5.2.4. Others
6. Global PET FOOD Market Estimates & Forecast Trend Analysis, by Raw Material
6.1. Global PET FOOD Market Share (%) Estimates and Forecasts, by Raw Material, 2022 & 2033
6.2. Global PET FOOD Market (US$ Million) & (Units) Estimates and Forecasts, by Raw Material, 2022 to 2033
6.2.1. Plant-based
6.2.2. Animal-based
6.2.3. Synthetic
7. Global PET FOOD Market Estimates & Forecast Trend Analysis, by Cost Category
7.1. Global PET FOOD Market Share (%) Estimates and Forecasts, by Food Type, 2022 & 2033
7.2. Global PET FOOD Market (US$ Million) & (Units) Estimates and Forecasts, by Segment _3, 2022 to 2033
7.2.1. Premium Pet Food
7.2.2. Mass/Bulk Pet Food
8. Global PET FOOD Market Estimates & Forecast Trend Analysis, by Sales Channel
8.1. Global PET FOOD Market Share (%) Estimates and Forecasts, by Food Type, 2022 & 2033
8.2. Global PET FOOD Market (US$ Million) & (Units) Estimates and Forecasts, by Segment _3, 2022 to 2033
8.2.1. Supermarkets & Hypermarkets
8.2.2. Specialized Pet Shops
8.2.3. Online Sales Channel
8.2.4. Others
9. Global PET FOOD Market Estimates & Forecast Trend Analysis, by Food Type
9.1. Global PET FOOD Market Share (%) Estimates and Forecasts, by Food Type, 2022 & 2033
9.2. Global PET FOOD Market (US$ Million) & (Units) Estimates and Forecasts, by Segment _3, 2022 to 2033
9.2.1. Dry Food
9.2.2. Wet & Canned Food
9.2.3. Treats & Snacks
9.2.4. Veterinary Diets
9.2.5. Others
10. Global PET FOOD Market Analysis and Forecast, by Region
10.1. Global PET FOOD Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
10.2. Global PET FOOD Market (US$ Million) & (Units) Estimates and Forecasts, by Region, 2022 to 2033
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Middle East and Africa
10.2.5. Latin America
11. North America PET FOOD Market: Estimates & Forecast Trend Analysis
11.1. North America PET FOOD Market Assessments & Key Findings
11.2. North America PET FOOD Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. North America PET FOOD Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
11.3.1. By Pet Type
11.3.2. By Raw Material
11.3.3. By Food Type
11.3.4. Cost Category
11.3.5. Sales Channel
11.3.6. By countries
11.3.6.1. The U.S.
11.3.6.2. Canada
12. Europe PET FOOD Market: Estimates & Forecast Trend Analysis
12.1. Europe PET FOOD Market Assessments & Key Findings
12.2. Europe PET FOOD Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Europe PET FOOD Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
12.3.1. By Pet Type
12.3.2. By Raw Material
12.3.3. By Food Type
12.3.4. Cost Category
12.3.5. Sales Channel
12.3.6. By Countries
12.3.6.1. Germany
12.3.6.2. The U.K.
12.3.6.3. France
12.3.6.4. Italy
12.3.6.5. Spain
12.3.6.6. Rest of Europe (includes all other European countries)
13. Asia Pacific PET FOOD Market: Estimates & Forecast Trend Analysis
13.1. Asia Pacific PET FOOD Market Assessments & Key Findings
13.2. Asia Pacific PET FOOD Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Asia Pacific PET FOOD Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
13.3.1. By Pet Type
13.3.2. By Raw Material
13.3.3. By Food Type
13.3.4. Cost Category
13.3.5. Sales Channel
13.3.6. By Major Country
13.3.6.1. China
13.3.6.2. Japan
13.3.6.3. India
13.3.6.4. ASEAN
13.3.6.5. South Korea
13.3.6.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
14. Middle East & Africa PET FOOD Market: Estimates & Forecast Trend Analysis
14.1. Middle East & Africa PET FOOD Market Assessments & Key Findings
14.2. Middle East & Africa PET FOOD Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Middle East & Africa PET FOOD Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
14.3.1. By Pet Type
14.3.2. By Raw Material
14.3.3. By Food Type
14.3.4. Cost Category
14.3.5. Sales Channel
14.3.6. By Major Country
14.3.6.1. GCC
14.3.6.2. South Africa
14.3.6.3. Egypt
14.3.6.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
15. Latin America PET FOOD Market: Estimates & Forecast Trend Analysis
15.1. Latin America Market Assessments & Key Findings
15.2. Latin America PET FOOD Market Share (%) Estimates and Forecasts, 2022 & 2033
15.3. Latin America PET FOOD Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
15.3.1. By Pet Type
15.3.2. By Raw Material
15.3.3. By Food Type
15.3.4. Cost Category
15.3.5. Sales Channel
15.3.6. By Major Country
15.3.6.1. Brazil
15.3.6.2. Mexico
15.3.6.3. Rest of Latin America (includes all other Latin America countries)
16. Competitive Landscape
16.1. Market Revenue Share Analysis (%), by Major Players (2021)
16.2. Market Competition Matrix, by Leading Players
16.3. List of Emerging, Prominent and Leading Players
16.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
17. Company Profiles
17.1. Mars Incorporated
17.1.1. Company Overview & Insights
17.1.2. Financial Performance
17.1.3. Product / Service Portfolio
17.1.4. Geographical Footprint & Share
17.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
17.2. Neslte SA
17.3. The JM smuker Company
17.4. ColPal
17.5. General mills
17.6. Diamond pet food
17.7. Heristo ag
17.8. United Pet Group
17.9. Tiernahrung Deuerer GmbH
17.10. Blue Buffalo Co
17.11. Nippon Pet Food Co
17.12. Champion Petfoods LP
17.13. Merric Pet Care
17.14. Wellpet LLC
17.15. P&G Pet Care,
17.16. Hill's Pet Nutrition,
17.17. Del Monte Pet Products,
17.18. Nutriara Alimentos Ltda,
17.19. InVivo NSA,
17.20. Debifu Pet Products Co. Ltd
17.21. Royal Canin,
17.22. Agrolimen Sa
17.23. Others
18. Assumptions and Research Methodology
18.1. Data Mining
18.2. Secondary Research
18.3. Primary Research
18.4. Subject Matter Expert Advice
18.5. Quality Check
18.6. Final Review
18.7. Data Triangulation
18.8. Bottom-Up Approach
18.9. Top Down Approach
18.10. Research Flow
18.11. Key Insights from Industry Experts
18.12. Data Sources
18.13. Assumptions
18.14. Limitations
19. Conclusions and Recommendations
19.1. Key Research Findings and Conclusion
19.2. Key Insights & Recommendations from Analysts