Press Release
Pet Food Treats Market Scope, Size, Types, Applications, Industry Trends, Drivers, Restraints, Expansion Plans & Forecast
Pet foods are specialised food involving plant or animal-based components. The market for the equivalent is fragmented as pet snacks, treats, and refreshments. Pet snacks are generally alluded for the intake of sufficient nutrients, with high-quality ingredients whereas, treats are generally used to support positive behaviour in pets. Pet beverages or drinks are to intended fulfil thirst in domesticated animals
Pet snack generally comprise of baked items like bread rolls, dried vegetables or natural products, and cooked grains. Treats usually comprise of jerky, dental chews and others. Being proactive, proprietor requires more assortment of snacks and treats which in turn drives the market development. Extended pet adoption and reception are fuelling the worldwide market estimated with a positive expansion rate. Increasing number of pet owning families is another crucial factors contributing to the overall market growth.
Market overview
Expanding buyer awareness regarding organic and natural pet food items has forced the makers to move their concentration from synthetic to natural items which have acted as one of the significant powers boosting the worldwide market. Convenient benefits connected with dry organic and normal pet food is expected to drive the item interest. Unlike, most regular pet food varieties, organic and normal pet food sources are being utilized for an enormous scope.
Developing canine food interest along with higher foothold in the top-notch pet food section is projected to drive the pet food market over the gauge time period. Dry food is seeing fast paced development as contrasted to other product counterparts attributable to its accommodation as far as capacity and taking care of pets without making a mess. This is emphatically affecting metropolitan shoppers to progressively settle on dry pet food.
Canned food is more edible to canines and cats as this item type contains proteins, fats, and barely any carbs. Wet/canned pet food is not difficult to process and consequently restricts the lawn cleaning action to minimal. Higher edibility offered by wet food makes it ideal for cats and dogs with diseases and those that are picky eaters.
The increasing pattern of dog adoption as an ally for families is projected to move the item interest. Especially dogs are seeing a vertical pattern as far as the idea of humanisation of pets is considered. This has brought about an expanded number of individuals owing dogs and taking care of them with premium food. Besides, fast urbanization is among the key elements driving the market.
Economic growth
The Global Pet Food Treats Market size was $93.94 billion in 2020, and is projected to grow to a value of more than $136.82 billion by 2030, with an increasing CAGR (Compound annual growth rate) of over 4.96% from 2022 to 2030.
Market segmentation: Analysis
The Global Pet Food Treats Market is segmented by product, application, and region.
On the basis of product –
- Wet/canned food
- and nutritious food
- snacks/treat
- Dry Food
According to the product segmentation, Dry food is helpful in ensuring great oral consideration in canines with negligible tartar development on the animals’ teeth and by lessening plaque. Likewise, this item type offers the crunch and chewing expected for keeping up with the general health of animals. Dry food dispenses with the requirement for freezing like that in the case of canned food.
On the basis of application
- Cat
- Dog
According to the application segmentation, dog rules the market with the highest market share.
On the basis of region
- Asia-pacific
- Europe
- Middle East and Africa
- and Central and south America.
- North America
According to the regional segmentation, North America arose as one of the most prominent territorial pet food markets after Asia Pacific. The regional interest for pet food is essentially determined by rising customer awareness on pet health and safety along with the expanding trend of humanisation of pets.
Key players in the Global Pet Food Treats Market are:
- Del Monte Food, Inc.,
- Colgate-Palmolive Company
- TruDog, ANI BRANDS
- WellPet LLC.
- Mars Incorporation
- GA Pet Foods Partners
- com
- Nutriara Alimentos Ltd.
- Diamond Pet Foods
- Blue Buffalo Company Ltd.
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