According to a new report, published by KBV research, The Global Pet Food Market size is expected to reach $138.7 billion by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 15,857.8 Kilo Tonnes experiencing a growth of 4.7% (2019-2022).
The Wet Food segment would experience a CAGR of 5% during (2023 - 2030). Wet pet food has a significantly higher moisture content than dry kibble, typically containing around 70-80% water. This helps keep pets well-hydrated, especially cats, who often have low water consumption tendencies. Adequate hydration is essential for overall pet health and can prevent urinary tract issues. Wet pet food is available in various textures, such as pate, chunks in gravy, slices in sauce, and various Flavors. This variety allows pet owners to cater to their pets' taste preferences and rotate their diets to prevent boredom.
The Specialized Pet Shops segment is leading the Global Pet Food Market, by Sales Channel in 2022, thereby, achieving a market value of $57.2 Billion by 2030. Specialized pet shops typically carry many pet food products, including various brands, formulations, Flavors, and types. This diverse product selection allows pet owners to explore options and find products that suit their pets' needs. Pet shops often specialize in pet care products, including pet food. This specialization allows them to provide expert assistance and advice to pet owners, allowing them to make informed decisions about their pets' diets.
The Cat segment is registering a CAGR of 5% during (2023 - 2030). The heightened attention towards the healthy and balanced diet requirement for cats. As strict carnivores, cats need a daily diet rich in protein (derived from other animals). Compared to plant-based proteins, animal-based proteins are more widely consumed because they are thought to have higher biological value and quality. As a result, poultry (turkey and chicken) and rabbit-derived protein intake are preferred in cat diets.
The North America region dominated the Global Pet Food Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $47.2 Billion by 2030. The Europe region is experiencing a CAGR of 4.6% during (2023 - 2030). Additionally, The Asia Pacific market would exhibit a CAGR of 5.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/pet-food-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Unicharm Corporation (DSG International (Thailand) PLC), Farmina Pet Foods Holding B.V., Nestle S.A., General Mills, Inc., Mars, Inc. (Kind LLC), The Colgate Palmolive Company, The Wellness Pet Company (Clearlake Capital Group, L.P.), Schell & Kampeter, Inc., Archer Daniels Midland Company, and Thai Union Group PLC.
By Food Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Sales Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Pet Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
