The Pet Snacks And Treats Market is Predict to reach USD 81.8 Billion by 2031, at a CAGR of 11.6%

Pet Snacks And Treats Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Pet Snacks And Treats Market size is expected to reach $81.8 billion by 2031, rising at a market growth of 11.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,580.74 Kilo Tonnes experiencing a growth of 12.6% (2020-2023).

Pet snacks and treats serve multiple purposes beyond satisfying a pet’s hunger. They play a crucial role in pet training, health management, and emotional bonding between pets and their owners. Pet snacks and treats are commonly used as rewards during training sessions. They help reinforce positive behaviour in pets, making them an essential tool for pet trainers and owners. The immediacy of rewarding a pet with a treat can effectively reinforce commands and desired behaviours, such as sitting, staying, or coming when called.

The Eatable segment is registering a CAGR of 11.2 % during the forecast period. Edible treats offer convenience and come in various forms, including biscuits, jerky, chews, and freeze-dried options. This variety allows pet owners to easily find products that suit their pet’s preferences and dietary needs, making edible treats a go-to choice for rewarding pets.

The Dogs segment led the Global Pet Snacks And Treats Market by Pet Type in 2023; thereby, achieving a market value of $53.7 billion by 2031. Dogs are among the most popular pets worldwide, with a substantial population compared to other companion animals. This large base of dog owners naturally drives a higher demand for dog-specific snacks and treats.

The Pet Specialty Stores segment is growing at a CAGR of 10.9 % during the forecast period. Pet specialty stores offer a carefully curated selection of pet snacks and treats, often featuring high-quality, premium, and unique products not typically available in general retail outlets. This specialized selection meets the preferences of discerning pet owners who seek the best for their pets.

Full Report: https://www.kbvresearch.com/pet-snacks-and-treats-market/

The North America region dominated the Global Pet Snacks And Treats Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $38.8 billion by 2031. The Europe region is anticipated to grow at a CAGR of 11.3% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 12.3% during (2024 - 2031).

List of Key Companies Profiled

• Archer Daniels Midland Company
• Mars, Inc.
• Nestlé S.A.
• The Colgate Palmolive Company
• General Mills, Inc.
• The Wellness Pet Company (Clearlake Capital Group, L.P.)
• Spectrum Brands Holdings, Inc.
• The J.M. Smucker Company
• Unicharm Corporation
• Diamond Pet Foods, Inc.

Pet Snacks And Treats Market Report Segmentation

By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Eatable
• Chewable

By Pet Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Dogs
• Cats
• Other Pet Type

By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Pet Specialty Stores
• Supermarkets & Hypermarkets
• Online
• Other Distribution Channel

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Pet Snacks And Treats Market Size Report 2031

• September-2024
• 134 Pages

LAMEA Pet Snacks And Treats Market Size | Share Report 2031

• September-2024
• 150 Pages

Europe Pet Snacks And Treats Market Size | Trends 2031

• September-2024
• 150 Pages

Asia Pacific Pet Snacks And Treats Market Size Report 2031

• September-2024
• 152 Pages