This statistic shows the trade value of dog or cat food products exported from Canada from 2012 to 2024. In 2024, the trade value of dog or cat food exported from Canada amounted to approximately 749 million U.S. dollars.

With an export value of about 840 million U.S. dollars, Canada was one of the United States' main markets for dog and cat food exports. The United States also exported approximately 120 million U.S. dollars' worth of pet food to Japan that year.

Dog And Cat Food exports reached their peak at 818K tons in 2022, but saw a decline in the following year. In terms of value, exports decreased to $2.1B in 2023.

In 2024, among the leading destinations for Thailand's pet food exports, the United States imported the largest value of such products. In the same year, the market value of pet food exports from Thailand is estimated at over 94 billion Thai baht.

The Ghanian dog and cat food market reached $892M in 2024, growing by 7.6% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2024: its value increased at an average annual rate of +5.8% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +29.6% against 2020 indices.

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The Israeli dog and cat food market amounted to $573M in 2024, picking up by 4.9% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2024: its value increased at an average annual rate of +5.8% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +92.0% against 2015 indices.

The Bangladeshi dog and cat food market was estimated at $4.8B in 2024, growing by 7.5% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Dog and cat food consumption peaked at $6B in 2019; however, from 2020 to 2024, consumption remained at a lower figure.

The Kenyan dog and cat food market rose slightly to $1.7B in 2024, growing by 4.3% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2024: its value increased at an average annual rate of +6.4% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +28.3% against 2021 indices.

The price of Dog And Cat Food in June 2023 reached $5,090 per ton (FOB, China), showing a 13% increase compared to the previous month.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Recent years have provided boons and challenges for pet food producers. The pandemic sparked a surge in pet ownership, particularly cats and dogs, prompting a short-lived revenue hike. However, as supply chain disruptions ensued and input costs soared, producers prioritized steadying profit over sales. Following the initial downturn in 2021, producers have boosted prices and passed costs along to consumers, generating steady profit gains at the detriment of overall revenue. Still, since 2019, sales have only been dropping at a CAGR of 0.8%. Recent dips in poultry prices, aided by eases in red meat and agricultural prices, provide producers with greater negotiating power. As a result, revenue will climb 1.8% in 2024, reaching $27.6 billion.Pet parenthood has become more prevalent among consumers. As birth rates have decelerated and heightened inflationary pressures continue influencing consumers' purchasing power, pet ownership has served as an alternative to outright parenthood. Pet parents are typically more willing to splurge on organic and premium pet food products, which helped stimulate revenue growth. The trend has coincided with a boost in the industry's globalization, which has created unique opportunities and challenges. While exports have remained high, rising industry globalization has meant manufacturers grapple with growth in imported pet food.Pet ownership rates will continue ballooning in the coming years as consumers find themselves with more disposable income and feel more confident in the financial responsibility of owning a pet. Despite unsteady growth during the previous period, new entrants will continue flooding the scene, intensifying competition and potentially diluting market share concentration. Manufacturers will focus on innovation, developing and marketing pet food formulas that offer advanced benefits, such as age-specific nutrition and sustainable, all-natural ingredients, to more effectively compete; however, imported pet food brands will mitigate growth. Revenue is forecast to climb at a modest CAGR of 0.7% over the next five years, reaching $28.6 billion in 2029.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

The Egyptian dog and cat food market declined to $1.7B in 2024, almost unchanged from the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $1.9B. From 2015 to 2024, the growth of the market remained at a lower figure.

In 2023, the export value of pet food from Japan amounted to almost seven billion Japanese yen, reaching a nine-year-high. While pet food is exported from Japan, the trade market is dominated by imports.

Exports of pet food from France represented a total of more than three billion euros in 2021. In 2000, this total amounted to around 1.2 billion euros. During that period, the European Union remained the largest export market of pet food for France.

The U.S. animal food market expanded slightly to $43.1B in 2024, rising by 1.7% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2024 and is expected to retain growth in years to come.

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Rising pet ownership, supported by laws that make it easier for tenants to have pets, has bolstered demand for pet food. Interest in customising pet diets with supplements and specialised foods is growing, boosting revenue from higher priced, health-focused products. Unpredictable grain prices, unfavourable climate conditions damaging the quality of inputs and falling livestock numbers have caused trouble for stock feed manufacturers, shrinking revenue from that segment. Profit margins differ across the industry. The stockfeed segment has lower margins because of minimal processing, whereas the pet food segment has wider margins, benefiting from significant value addition. Industrywide revenue is expected to have fallen at an annualised 1.3% over the past five years and is anticipated to total $6.1 billion in 2024-25, when revenue will dip by an estimated 0.8% owing to falls in real household discretionary incomes and sinking demand from export markets. The industry exhibits medium levels of market share concentration. Larger manufacturers benefit from reduced per-unit production costs and are better equipped to adopt new technologies, leading to consolidation within the industry. Ridley is the largest company, effectively managing raw material price volatility and market conditions because of its large-scale and diversified operations. Mars Wrigley and Nestle control the pet food market, benefiting from their recognisable brands and their parent companies’ significant scale. Over the coming years, production volumes of coarse grains like barley and corn will swell, leading to a slump in prices and improved conditions for stock feed manufacturers. Declining birth rates will promote the humanisation of pets, boosting pet ownership and encouraging owners to spend more on pet food. This is set to drive a 1.2% forecast rise in industry revenue through the end of 2029-30, to total $6.5 billion.

The globalanimal digest marketis anticipated to reach a value ofUS$ 112.1 billionin 2023. From 2023 to 2033, a moderate5.1%CAGR is likely to accelerate the market and result in aUS$ 184.6 billionin 2033.

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