Pet Food Market in North America 2022

November 2022 | 16 pages | ID: P2E678D68ACCEN
StrategyHelix Inc

Abstracts

Pet food is animal feed intended for consumption by pets. Typically sold in pet stores and supermarkets, it is usually specific to the type of animal, such as dog, cat, as well as bird food or fish. The pet food market in North America is poised to grow by US$ 23.1 billion from 2022 to 2028, registering a CAGR of 5.7% during the forecast period, according to StrategyHelix. Pets provide well-being benefits for people because humans imbue these animals with socially-supportive attributes, that in turn, psychologically translate into experiencing social support from them. Nowadays, the majority of dog and cat owners report that their pet is a family member just like anyone else. The humanization of pets is the main driver for the pet food market. With this increase in humanization, pets are being treated with more care and hygiene, which has increased consumer demand for high-quality pet food products.

The report provides up-to-date market size data for period 2018-2021 and forecast to 2028 covering key market aspects like sales value and volume for pet food. The North America pet food market is segmented on the basis of product, pricing, retail channel, and country. By product, the pet food market in North America has been segmented into cat food, dog food, others. Based upon pricing, the pet food market in North America is categorized into economy pet food, premium pet food. In 2021, the economy pet food segment made up the largest share of revenue generated by the pet food market. On the basis of retail channel, the pet food market in North America has been segmented into e-commerce, pet specialty stores, supermarkets and hypermarkets, veterinary clinics, others. In terms of geography, the pet food market in North America has been segmented into USA, Canada.

The dog food market is further segmented into dry dog food, mixers & treats, and wet dog food. StrategyHelix research indicates that the dry dog food segment occupied the largest share of this market in 2021 and is expected to draw the highest demand in coming years. Furthermore, the cat food market has been categorized into dry cat food, mixers & treats, and wet cat food. In North America, the dry cat food segment made up the largest share of the pet food market. The other pet food market is further divided into bird food, fish food, and others.

The North America pet food market is highly competitive. The key players in the pet food market include Agroindustrias Baires S.A., Agrolimen SA, Champion Petfoods LP, Colgate-Palmolive Company, Enova (Shanghai) Pet Products Co. Ltd., Freshpet Inc., General Mills Inc., Horizon Manufacturing Inc., Mars Incorporated, Monge & C. S.p.a., Nestle S.A., Nexus Capital Management LP (Natural Balance), Petcurean Pet Products Inc. (PPN Limited Partnership), Rolf C. Hagen Inc., Spectrum Brands Holdings Inc., Taplow Ventures Ltd., The J. M. Smucker Company, Wellness Pet Company. Competitive landscape gives a description of the competitive nature of the pet food market in North America and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.

Report Scope
Product: cat food, dog food, others
Pricing: economy pet food, premium pet food
Retail channel: e-commerce, pet specialty stores, supermarkets and hypermarkets, veterinary clinics, others
Country: USA, Canada
Years considered: this report covers the period 2018 to 2028
Company mentioned: Agroindustrias Baires S.A., Agrolimen SA, Champion Petfoods LP, Colgate-Palmolive Company, Enova (Shanghai) Pet Products Co. Ltd., Freshpet Inc., General Mills Inc., Horizon Manufacturing Inc., Mars Incorporated, Monge & C. S.p.a., Nestle S.A., Nexus Capital Management LP (Natural Balance), Petcurean Pet Products Inc. (PPN Limited Partnership), Rolf C. Hagen Inc., Spectrum Brands Holdings Inc., Taplow Ventures Ltd., The J. M. Smucker Company, Wellness Pet Company

Key Benefits for Stakeholders

• Get a comprehensive picture of the North America pet food market
• Identify regional strategies and strategic priorities on the basis of local data
• Pinpoint growth sectors and trends for investment

Contents

PART 1. INTRODUCTION

Scope of the study
Study period
Geographical scope
Research methodology

PART 2. PET FOOD MARKET OVERVIEW

PART 3. MARKET BREAKDOWN BY PRODUCT

Cat food
Dog food
Others

PART 4. MARKET BREAKDOWN BY PRICING

Economy pet food
Premium pet food

PART 5. MARKET BREAKDOWN BY RETAIL CHANNEL

E-commerce
Pet specialty stores
Supermarkets and hypermarkets
Veterinary clinics
Others

PART 6. MARKET BREAKDOWN BY COUNTRY

USA
Canada

PART 7. KEY COMPANIES

Agroindustrias Baires S.A.
Agrolimen SA
Champion Petfoods LP
Colgate-Palmolive Company
Enova (Shanghai) Pet Products Co., Ltd.
Freshpet, Inc.
General Mills, Inc.
Horizon Manufacturing Inc.
Mars, Incorporated
Monge & C. S.p.a.
Nestle S.A.
Nexus Capital Management LP (Natural Balance)
Petcurean Pet Products, Inc. (PPN Limited Partnership)
Rolf C. Hagen Inc.
Spectrum Brands Holdings, Inc.
Taplow Ventures Ltd.
The J. M. Smucker Company
Wellness Pet Company
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