United States Pet Food Market Set to Surpass USD 60 Billion by 2033: Investors Strategize for Expansion in Animal Nutrition Sector

The market for pet food in the United States is experiencing substantial growth, with a projected CAGR of 4.0% from 2023 to 2033, reaching a valuation of US$ 60,234.0 million by 2033. Key trends driving this growth include the demand for premium, nutritionally rich, natural, and organic pet food products. Modern-day pet owners are increasingly seeking products tailored to their pets’ specific needs, driving innovation and development in the pet food industry.

Owing to a huge number of pet owners that place a high value on the welfare of their companion animals, the demand for pet food is soaring in the United States. The sector has experienced significant development and innovation. This has largely been in terms of alternative sources of protein, vitamins, fats, carbohydrates, and other nutritious to meet the growing pet culture.

The demand for pet food in the United States is fueled by various factors, including the growing preference for premium, natural, and organic products, the rise of e-commerce platforms, and the increasing focus on pet health and nutrition. Consumers are seeking pet food options that address specific dietary sensitivities and nutritional requirements, leading to a surge in demand for specialized and fortified pet food products. E-commerce has revolutionized the pet food industry, providing convenience and a wide variety of options for pet owners.

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Furthermore, modern-day pet owners are aware and informed about the ingredients used in pet food products. The rise in the number of intolerances, and allergies in pets has resulted in a growing popularity of grain-free and plant-based alternatives in pet food.

Novel protein sources like fish, soy, and several types of legumes have resulted in the development and formulation of products that are alternatives to conventional chicken or beef ingredients.  This makes it possible for pet owners to adjust to specific dietary needs and meet specialized nutritional demands.

Growing Popularity of Natural and Organic Pet Products Driving Demand in the United States

The need for specialized diets to address particular nutritional requirements among pets is growing in the United States. Demand for dry dog food is leading in terms of value and volume.

The pet food industry in the United States is very competitive, with several well-known brands in the industry. An increasing number of innovations and unique formulations in the field of animal nutrition have led to the development of a robust pet food manufacturing setup in the country.

Animal-based Source Highly Preferred by Pet Owners for High Nutritional Content

Animal-based ingredients are being used in pet food to meet the nutritional needs of pets. Animal-based products are rich in carbohydrates, fats, and proteins which are necessary for the proper growth of an animal.

Animal-based ingredients are rich in amino acids that are needed for proper muscle development, and to build immunity. Furthermore, useful sources of energy and necessary fatty acids, animal fats, and oils support healthy skin, fur, and organ function.

Key Takeaways from the Pet Food Report:

• The United States pet food market is expected to reach a valuation of US$ 60,234.0 million by 2033
• Demand for pet food in the United States is likely to soar at 4.0% CAGR over the forecast period
• The historic growth during 2018 to 2022 of the pet food market in the United States stood at 3.0% CAGR.
• The United States pet food market is estimated to be valued at US$ 40,860.8 million in 2023.

 “The demand for premium pet food has been steadily increasing, with 85 million families owning pets in the United States. As pet owners become informed about the nutritional needs of their animals, there is an increase in demand for premium and specialty pet food options.” – says a lead analyst at Future Market Insights (FMI)

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Competitive Landscape

Mars Petcare Inc., Nestlé Purina PetCare, The J.M. Smucker Company, Hill’s Pet Nutrition, Blue Buffalo Company, Champion Petfoods, Spectrum Brands Holdings, WellPet LLC, Diamond Pet Foods, Merrick Pet Care, Nutro Products, Ainsworth Pet Nutrition, Fromm Family Foods, Solid Gold Pet and Canidae Pet Foodkits are the key manufacturers listed in the report of FMI.

Several keyfirms are striving for market share and customer loyalty in the USA pet food business, which is highly competitive. To meet the several needs and tastes of pet owners, these businesses are committed to providing a wide choice of pet food items. There are several players in the market launching new pet food products.

For instance,

• In 2023, PetPlate launched FreshBaked™, the dry form of gently-baked, crunchy clusters with new formulation features human-grade, visible ingredients
• In 2023, CULT Food Science Corp, launched a new series of pet performance supplements by the name Noochies! Sprinkles. These supplements expand upon the company’s existing product line Noochies!

The United States Pet Food Market Segmentation by Category

By Nature:

• Organic
• Monoprotein
• Conventional

By Product Type:

• Kibble/Dry
  • Extruded
  • Baked
  • Coated
• Dehydrated Food
• Freeze Dried Food
• Freeze-Dried Raw
• Wet Food
• Frozen
• Raw Food
• Powder
• Treats and Chews
  • Dog
    • Pastes
    • Crèmes
    • Crunchy snacks
    • Chew sticks
    • Tablets
    • Biscuits
    • Jerky
    • Rawhide
  • Cat
    • Pastes
    • Crèmes
    • Crunchy snacks
    • Chew sticks
    • Tablets
    • Biscuits
    • Cat Milk / Milk snacks

By Source:

• Animal derived
  • Fish
    • Tuna
    • Salmon
    • Whitefish
    • Cod
    • Herring
    • Walleye
    • Flounder
    • Arctic char
    • Whiting
• Chicken
• Duck
• Beef
• Pork
• Venison/Game
• Lamb
• Turkey
• Plant-derived
• Insect-derived
  • Crickets
  • Mealworms
  • Black soldier flies

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By Pet Type:

• Cat
  • Kitten
  • Senior
• Dog
  • Puppy
  • Adult
  • Senior
• Birds
• Others (Rabbits, Hamsters, etc.)

By Packaging:

• Pouches
• Bags
• Folding cartons
• Tubs & Cups
• Can

By Distribution channel:

• Store-based Retailing
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Mom and Pop Stores
  • Pet Stores
  • Discounters
  • Independent Grocery Retailers
  • Drugstores
  • Other Retail Formats
• Online Retailers

By State:

• California
• Texas
• Florida
• New York
• Illinois
• Ohio
• North Carolina
• Michigan
• Colorado
• Wisconsin
• Washington

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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