Market Overview
The Pet Food Treats market is predicted to
develop at a compound annual growth rate (CAGR) of 11.3% from 2024 to 2033,
when it is projected to reach USD 124.2 Billion, based on an average growth pattern.
The market is estimated to reach a value of USD 37.31 Billion in 2024.
SOURCE: We Market Research
Pet food is
defined as treats created specially to supplement an animal's diet and provide
enjoyment. Typically, these snacks are produced for cats and dogs. Treats that satisfy
the senses and gratify pets' cravings often come in an assortment of flavors,
textures, and forms. Among the delectable and nutritious ingredients that go
into producing them are meat, grains, vegetables, and vitamins that are
especially selected to support the health of pets. Treats are a common
technique used by pet owners to indulge their dogs, train their animals, and
reward good behavior. Moderation is key to maintaining a balanced diet and
preventing overfeeding. Treating your pet with pet food on a regular basis is a
fun approach to promote their mental and physical well-being.
The global
market for pet food treats is influenced by several factors. First off, rising
pet ownership and humanization initiatives have raised demand for premium and specialty
pet treats. In addition, as people become more conscious of the health and
wellbeing of their pets, they are looking for treats that contain natural and
beneficial ingredients. Innovative product offers also satisfy dietary needs
and preferences. Examples of these include treats that are grain-free, organic,
and hypoallergenic. For pet owners who are always on the go, the convenience of
packaged treats contributes to the business's growth. These elements combine to
support the expansion of the worldwide pet food treats industry by catering to
the evolving needs of pet owners everywhere.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 37.31 Billion |
|
Market Forecast in 2033 |
USD 119.11Billion |
|
CAGR % 2024-2033 |
11.3% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2033 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Pet Type, By Product, By Distribution Channel and By Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand;
Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Pet Food Treats Industry: Dynamics & Restrains
Market opportunity:
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Pet Food Treats Segmentation
Market- By Pet Type Analysis
By Pet Type, the Pet Food Treats Market is Categories into Dogs, Cats, Others. The Dogs segment accounts for the largest share of around 69% in 2024.
The segment's drivers include increased dog
ownership, humanization inclinations, the need for useful treats that support
health, and a preference for portable snack options.
The
following segments are part of an in-depth analysis of the global Pet Food
Treats market:
|
Market Segments |
|
|
By Product |
·
Eatables ·
Chewables |
|
By Distribution
Channel |
·
Supermarkets &
Hypermarkets ·
Specialty Pet Stores ·
Online |
Pet Food Treats Industry: Regional Analysis
North America Market Forecast
North America dominate the Pet Food Treats Market with the highest revenue generating market with share of more than 47%. Pet humanization and other developments are driving demand for premium and organic treats, which are dominated by the pet owner community. Market dynamics are shaped by regulatory norms, which guarantee product safety and quality.
Europe Market Statistics
Europe's Pet
Food Treats market is the second largest market due to the trend toward
premiumization is driving up consumer spending on upscale pet treats. Support
from regulations guarantees quality and safety, which boosts customer
confidence. The transition to sustainable products is consistent with
environmental awareness. Convenient pet treats are in high demand due to
urbanization and hectic lifestyles.
Asia Pacific Market Forecasts
Asia Pacific is
expected to be the fastest-growing regional segment of the Pet Food Treats
market during the forecast period. In the Asia Pacific region, treat demand is
driven by rising pet adoption and disposable income levels brought up by rapid
urbanization. Health-focused products and premiumization are encouraged by
Western influence. Growing e-commerce increases market accessibility. The trend
in culture towards viewing dogs as members of the family encourages spending on
their welfare.
Key Market Players
The Pet
Food Treats Market is dominated by a few large companies, such as
·
Hill's Pet Nutrition, Inc.
·
Addiction Foods
·
Spectrum Brands, Inc.
·
Unicharm Corporation
·
Blue Buffalo Co., Ltd
·
Mars, Incorporated and its
Affiliates
·
Nestlé
·
SCHELL & KAMPETER, INC.
·
The J.M. Smucker Company
· Wellness Pet Company
· Other
1.
Global
Pet Food Treats Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Pet Food Treats Market
Scope and Market Estimation
1.2.1. Global Pet Food Treats Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)
1.2.2. Global Pet Food Treats Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033
1.3. Market Segmentation
1.3.1. Component of Global Pet Food
Treats Market
1.3.2. Technology of Global Pet Food
Treats Market
1.3.3. Distribution Channel of Global Pet
Food Treats Market
1.3.4. Region of Global Pet Food Treats
Market
2.
Executive Summary
2.1. Global Pet Food Treats Market Industry Trends under COVID-19 Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak
on Global Pet Food Treats Market
Industry Development
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact Analysis of Drivers and
Restraints
2.3. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Value Chain / Ecosystem Analysis
2.7. Russia-Ukraine War Impacts
Analysis
2.8. Economic Downturn Analysis
2.9. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Pet Food Treats Market Estimates & Historical Trend Analysis (2019 -
2022)
4.
Global Pet Food Treats Market Estimates & Forecast Trend Analysis, by
PET TYPE
4.1. Global Pet Food Treats Market
Revenue (US$ Mn) Estimates and Forecasts, by PET TYPE, 2019 to 2033
4.1.1. Dogs
4.1.2. Cats
4.1.3. Others
5.
Global Pet Food Treats Market Estimates & Forecast Trend Analysis, by
Product
5.1. Global Pet Food Treats Market
Revenue (US$ Mn) Estimates and Forecasts, by Product, 2019 to 2033
5.1.1. Eatables
5.1.2. Chewables
6.
Global Pet Food Treats Market Estimates & Forecast Trend Analysis, by
Distribution Channel
6.1. Global Pet Food Treats Market
Revenue (US$ Mn) Estimates and Forecasts, by Distribution Channel,
2019 to 2033
6.1.1. Supermarkets & Hypermarkets
6.1.2. Specialty Pet Stores
6.1.3. Online
7.
Global Pet Food Treats Market Estimates & Forecast Trend Analysis,
by Region
7.1. Global Pet Food Treats Market
Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Middle East & Africa
7.1.5. South America
8.
North
America Pet Food Treats Market: Estimates & Forecast Trend Analysis
8.1.
North
America Pet Food Treats Market Assessments & Key Findings
8.1.1. North America Pet Food Treats
Market Introduction
8.1.2. North America Pet Food Treats
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
8.1.2.1. By PET TYPE
8.1.2.2. By Product
8.1.2.3. By Distribution
Channel
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Europe
Pet Food Treats Market: Estimates & Forecast Trend Analysis
9.1. Europe Pet Food Treats Market
Assessments & Key Findings
9.1.1. Europe Pet Food Treats Market
Introduction
9.1.2. Europe Pet Food Treats Market
Size Estimates and Forecast (US$ Million) (2019 – 2033)
9.1.2.1. By PET TYPE
9.1.2.2. By Product
9.1.2.3. By Distribution
Channel
9.1.2.4.
By
Country
9.1.2.4.1. Germany
9.1.2.4.2. U.K.
9.1.2.4.3. France
9.1.2.4.4. Italy
9.1.2.4.5. Spain
9.1.2.4.6. Russia
9.1.2.4.7. Rest of Europe
10. Asia Pacific Pet
Food Treats Market: Estimates &
Forecast Trend Analysis
10.1. Asia Pacific Market Assessments
& Key Findings
10.1.1. Asia Pacific Pet Food Treats
Market Introduction
10.1.2. Asia Pacific Pet Food Treats
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
10.1.2.1. By PET TYPE
10.1.2.2. By Product
10.1.2.3. By Distribution
Channel
10.1.2.4. By Country
10.1.2.4.1. China
10.1.2.4.2. Japan
10.1.2.4.3. India
10.1.2.4.4. Australia
10.1.2.4.5. South Korea
10.1.2.4.6. ASEAN
10.1.2.4.7. Rest of Asia Pacific
11. Middle East & Africa Pet
Food Treats Market: Estimates &
Forecast Trend Analysis
11.1. Middle East & Africa Market
Assessments & Key Findings
11.1.1. Middle
East & Africa Pet
Food Treats Market Introduction
11.1.2. Middle
East & Africa Pet
Food Treats Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
11.1.2.1. By PET TYPE
11.1.2.2. By Product
11.1.2.3. By Distribution
Channel
11.1.2.4. By Country
11.1.2.4.1. U.A.E.
11.1.2.4.2. Saudi Arabia
11.1.2.4.3. Egypt
11.1.2.4.4. South Africa
11.1.2.4.5. Rest of Middle East & Africa
12. South America
Pet Food Treats Market: Estimates &
Forecast Trend Analysis
12.1. South America Market Assessments
& Key Findings
12.1.1. South America Pet Food Treats
Market Introduction
12.1.2. South America Pet Food Treats
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
12.1.2.1. By PET TYPE
12.1.2.2. By Product
12.1.2.3. By Distribution
Channel
12.1.2.4. By Country
12.1.2.4.1. Brazil
12.1.2.4.2. Argentina
12.1.2.4.3. Colombia
12.1.2.4.4. Rest of South America
13. Competition Landscape
13.1. Global Pet Food Treats Market
Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
13.2. Global Pet Food Treats Market
Competition White Space Analysis, By Distribution Channel
13.3. Global Pet Food Treats Market
Competition Heat Map Analysis, By Distribution Channel
13.4. Global Pet Food Treats Market
Concentration & Company Market Shares (%) Analysis, 2022
14. Company Profiles
14.1.
Hill's Pet Nutrition, Inc.
14.1.1. Company Overview & Key Stats
14.1.2. Financial Performance & KPIs
14.1.3. Product Portfolio
14.1.4. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
14.2. Addiction
Foods
14.3. Spectrum
Brands, Inc.
14.4. Unicharm
Corporation
14.5. Blue Buffalo
Co., Ltd
14.6. Mars,
Incorporated and its Affiliates
14.7. Nestlé
14.8. SCHELL &
KAMPETER, INC.
14.9. The J.M. Smucker
Company
14.10. Wellness Pet
Company
14.11. Others
15. Research
Methodology
15.1. External Transportations /
Databases
15.2. Internal Proprietary Database
15.3. Primary Research
15.4. Secondary Research
15.5. Assumptions
15.6. Limitations
15.7. Report FAQs
16. Research Findings & Conclusion
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Pet Food Treats Market was valued at USD 37.31 Billion in 2024.
Pet Food Treats Market size will increase at approximate CAGR of 11.3% during the forecasted period.
Major companies operating within the Pet Food Treats Market are Hill's Pet Nutrition, Inc., Addiction Foods, Spectrum Brands, Inc., Unicharm Corporation, Blue Buffalo Co., Ltd, Mars, Incorporated and its Affiliates, Nestlé, SCHELL & KAMPETER, INC., The J.M. Smucker Company, Wellness Pet Company and Others.
North America dominates the market with an active share of 46%.
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