The global pet food market size reached US$ 125.1 Billion in 2023. Pet food refers to specialty food manufactured specifically for consumption by pets. It is formulated using various agricultural and animal-feed grade ingredients, such as meat, cereals, grains, seafood, vegetables, and meat by-products, to meet the nutritional requirements of pets. Moreover, it has gained immense popularity among pet parents since pet food is rich in essential nutrients, vitamins, and minerals that aid in proper digestion, enhance the immune system, strengthen bones, and improve the life expectancy of pets.
As per the analysis by IMARC Group, the top companies in the pet food industry are focusing on product innovations to meet the escalating demand for healthy and nutritious pet food with zero additives. For instance, they are developing organic and natural products using high-quality ingredients that are free from any preservatives, pesticides, fertilizers, and genetically modified organisms (GMOs). In addition, several key players are engaged in research and development (R&D) activities to introduce products specific to the age, size, and breed of pets. They are also adopting innovative packaging solutions, such as smaller, disposable single-serve containers, to enhance consumers’ convenience. Furthermore, the leading manufacturers are utilizing online retail channels to expand their product reach and boost sales. Looking forward, the market to reach US$ 189.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.
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Establishment: 1954
Headquarters: United States
Website: https://www.mars.com/made-by-mars/petcare
Mars Petcare, Inc. is a family-owned business and a global leader in pet nutrition that aims to create a better world for pets. The company offers a range of health and nutrition products for pets under various brand names, such as Pedigree, Whiskas, Royal Canin, Nutro, Greenies, Sheba, Cesar, IAMS, and Eukanuba. Mars Petcare is also one of the leading veterinary health providers with a network of over 2,000 pet hospitals, including Banfield, Pet Partners, BluePearl, VCA, Linnaeus, and AniCura. Moreover, it manufactures products for other pet food companies, produces store brands for its retail customers, and sells products of its regional brand.
Establishment: 1894
Headquarters: United States
Website: https://www.purina.com/
Nestlé Purina PetCare is focused on manufacturing industry-leading products with unsurpassed nutrition and quality for pets and their owners. It serves an extensive range of pet food, snacks, and cat food products based on its deep expertise in pet nutrition and health. It also delivers a balanced nutritional offering to more specific health solutions that provide numerous benefits, including digestive health, early development, weight management, and senior cognition. Currently, the company has operations in more than 70 countries, and its portfolio comprises globally recognized brands, such as Pro Plan, Friskies, Dog Chow, Beneful, Purina ONE, and Fancy Feast.
Establishment: 1939
Headquarters: Kansas, United States
Website: https://www.hillspet.com/
Hill's Pet Nutrition Inc. is a leading manufacturer in the pet food market across the globe. The company manufactures its products with a precise balance of nutrients to cater to the specific nutritional requirements of pets, depending on their size and life stage. It only accepts ingredients from suppliers whose facilities meet stringent quality standards approved by the company. Each ingredient is not only examined to ensure its safety; however, the company also analyzes each product's ingredient profile for essential nutrients. Furthermore, it sells its products globally through veterinary clinics and hospitals, pet specialty stores, feed stores, and pet grooming facilities.
Establishment: 1897
Headquarters: Ohio, United States
Website: https://www.jmsmucker.com/
The J.M. Smucker Company is a leading global manufacturer of branded food, beverages, pet food, and pet snacks in North America. Its extensive product portfolio comprises pet snacks, pet food, wheat flour, peanut butter, baking mixes, coffee, fruit spreads, shortening, ready-to-spread frostings, juices, beverages, frozen sandwiches, baking ingredients, and portion control products. The company owns and operates more than 30 manufacturing facilities and offices across North America. It primarily competes with Starbucks Corporation, Gavina, Hormel Foods, Ferrero, The Kraft Heinz Company, JAB Holding Company, Massimo Zanetti Beverage Group, Tata Global Beverages, ConAgra Foods, Inc, and Keurig Green Mountain Inc.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the pet food industry and the regional US, Saudi Arabia, GCC, and UAE, which has enabled clients to set up and expand their businesses successfully.
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