Wyoming had the highest pet ownership rate in the United States, with ** percent of households owning a pet in 2025. West Virginia came in second place with a ** percent pet ownership rate. In comparison, Colorado's pet ownership rate that year was ** percent.

During a survey conducted in 2024, it was revealed that millennials represented the biggest share of pet owners in the United States (** percent), followed in second place by Generation X (** percent). Baby Boomer's came in third, representing some ** percent of pet owners. Pet ownership in the United States Despite some fluctuations, household penetration rates for pet ownership in the United States have generally increased over the years, going from ** percent in 1988 to approximately ** percent in 2023. With millennials constituting the largest group of pet owners in the United States, they also constituted the generational group that planned to spend the most on their pets during the holidays in 2020, with an average spending of ** U.S. dollars, compared to only ** U.S. dollars of average planned spending on pets for Baby Boomers. Pet expenditure in the U.S. Pet food and treats constituted the highest selling category for pet products in the United States, with total food and treats sales reaching **** billion U.S. dollars in 2022. Vet care and product sales were the second biggest pet market category that year, generating around **** billion U.S. dollars in sales. Generally, average annual pet expenditure was higher for dog owners than for cat owners across all pet market categories in 2020.

********* percent of households in the United States owned one or more pets in 2023/2024. Household penetration rates for pet-ownership have increased by ** percent since the beginning of the survey period in 1988. What kinds of pets do Americans prefer? There were estimated to be around ** million dog-owning households in the United States according to a recent survey, making dogs the most popular kind of pets in American homes. Cats and freshwater fish ranked in second and third places, respectively. Horses and saltwater fish were the least popular types of animals to keep, with around *** million households owning each type of pet. How much do Americans spend on their pets? Total pet industry expenditure reached around ***** billion U.S. dollars in 2022, an increase from the previous year. As well as regular expenses such as food and vet costs, households were estimated to spend around *** billion U.S. dollars on Valentine's Day gifts for their pets in 2023.

Introduction

Pet Ownership Statistics: Pet ownership has become very common around the world in 2024. Many people enjoy having pets like dogs, cats, birds, or fish as part of their family. Pets offer companionship, reduce stress, and can make people feel happier. For some, pets provide emotional support or help with daily tasks, especially for people with special needs.

People owning a pet also come with responsibilities, like providing food, regular checkups at the vet, and proper care. Pet owners need to be prepared for the time, money, and attention they need to live healthy and happy lives.

This statistic shows the share of pet owners in the population of selected countries all over the world as of 2016. During the survey, ** percent of respondents in Argentina stated they own a dog, while ** percent said they own a cat.

The share of households owning a pet in the United Kingdom remained relatively stable between 2012 and 2018, hovering around an estimated percentage of 47 to 45 percent. However, pet ownership levels peaked to an unprecedented high of 62 percent in 2022, likely as a result of the coronavirus pandemic and increased time spent at home. In 2023, this figure shrank to 57 percent.

Pet ownership in the UK With more than half of UK households owning at least one pet in 2021/22, dogs and cats were the most common household pets in that year, with an estimated 13 million dogs and 12 million cats living in homes. As of 2020, the United Kingdom was the second highest-ranking European country in terms of its dog population, preceded only by Germany.

Consumer spending on pets in the UK As the pet population in the United Kingdom increased in size, so did consumer spending on pet food and pet-related products and services. Spending on pets and related products reached almost eight billion British pounds in 2020, a notable increase from a mere 2.9 billion British pounds in 2005. Among the most expensive pet-related expenditures are veterinary and pet services, which constituted almost four billion British pounds in 2020.

An estimated ** million households in the United States owned at least one dog according to a 2024/25 pet owners survey, making them the most widely owned type of pet across the U.S. at this time. Cats and freshwater fish ranked in second and third places, with around ** million and ** million households owning such pets, respectively. Freshwater vs. salt water fish Freshwater fish spend most or all their lives in fresh water. Fresh water’s main difference to salt water is the level of salinity. Freshwater fish have a range of physiological adaptations to enable them to live in such conditions. As the statistic makes clear, Americans keep a large number of freshwater aquatic species at home as pets. American pet owners In 2023, around ** percent of all households in the United States owned a pet. This is a decrease from 2020, but still around a ** percent increase from 1988. It is no surprise that as more and more households own pets, pet industry expenditure has also witnessed steady growth. Expenditure reached over *** billion U.S. dollars in 2022, almost a sixfold increase from 1998. The majority of pet product sales are still made in brick-and-mortar stores, despite the rise and evolution of e-commerce in the United States.

Introduction

Pet Insurance Statistics: Pet insurance is a type of insurance coverage designed to help pet owners manage the costs associated with veterinary care for their pets.

It provides financial protection in case of unexpected accidents, illnesses, or injuries to pets. Just like health insurance for humans, pet insurance policies come with various coverage options, deductibles, and premium rates.

According to Cognitive Market Research, the global Pet Product market size is USD 296815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 118726.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 89044.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 68267.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
The Latin American market will account for more than 5% of global revenue and have a market size of USD 14840.76 million in 2024. It will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The market was USD 5936.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Supermarkets held the highest Pet Product market revenue share in 2024.

Market Dynamics of Pet Product market

Key Drivers for Pet Product market

Increasing pet ownership rates worldwide are driving the demand for a wide range of pet products

Increasing pet ownership across the world is a good sized driving force within the pet product market. As more humans welcome pets into their houses, the call for for diverse Pet products surges. This trend spans various demographics and geographies, reflecting a regular preference for companionship and the emotional benefits related to Pet ownership. Consequently, manufacturers and retailers enjoy heightened demand for Pet food, add-ons, grooming elements, and healthcare products. The expanding pet population creates possibilities for innovation and specialization within the market, prompting agencies to develop new products and services tailored to satisfy the evolving needs and alternatives of Pet proprietors globally.

Rising disposable incomes allow pet owners to spend more on premium pet products

Rising disposable earnings amongst clients have a proper away effect on the doggy product market with the aid of allowing Pet owners to allocate more of their price range in the direction of top-class Pet products. With more monetary assets at their disposal, pet owners are increasingly inclined to put money into higher-excellent meals, treats, toys, accessories, and healthcare products for their loved pets. This trend drives a call for premium and distinctive pet merchandise, leading to the expansion of offerings in this section of the marketplace. Manufacturers and retailers reply by introducing modern and high-end products to cater to the options and buying strength of affluent Pet owners, contributing to standard market increase and profitability.

Restraint Factor for the Pet Product Market

Stringent regulations governing pet product safety and labeling may pose compliance challenges for manufacturers

Stringent regulations governing Pet product protection and labeling impose compliance-demanding situations for producers. These regulations, intended to guard animal fitness and purchaser pastimes, require rigorous trying out, documentation, and adherence to precise labeling requirements. Compliance with those regulations entails substantial time, sources, and financial investment, particularly for smaller producers. Moreover, navigating complex regulatory frameworks throughout exceptional regions or countries provides additional complexity. Non-compliance can result in fines, product recollects, harm to logo recognition, or even prison liabilities. As an end result, manufacturers must stay abreast of evolving regulatory standards and spend money on strong, fine-managed measures to make certain their merchandise meets regulatory requirements while preserving purchaser acceptance as true with and market competitiveness.

Impact of Covid-19 on the Pet Product market

The COVID-19 pandemic has had a combined impact on the Pet product market. Initially, panic buying brought about increased sales of pet meals and supplies as Pet proprietors stocked up on essentials. However, financial uncertainties and lifestyle modifications, along with remote paintings and reduced social sports, motivated pet adoption costs and spending behavior. Whil...

Pet Insurance Market Outlook

The global pet insurance market size is projected to grow from USD 7.3 billion in 2023 to USD 20.7 billion by 2032, at a compound annual growth rate (CAGR) of 12.2%. This robust growth is driven by increasing pet ownership and rising awareness of pet health and wellness. The market is expected to witness significant growth owing to the trend of humanization of pets, where pet owners are increasingly treating pets as family members, thus willing to spend more on their healthcare and well-being.

A major growth factor for the pet insurance market is the increasing awareness among pet owners about the rising costs of veterinary services. As medical advancements in veterinary care continue to develop, the treatment options for pets have also become more advanced and, consequently, more expensive. This has spurred the demand for pet insurance policies that can mitigate the financial burden of unforeseen medical expenses. Moreover, the increasing number of companion animals around the world and the growing expenditure on their healthcare are further propelling the market growth. In countries like the United States and Canada, there is a notable rise in the adoption of pet insurance to safeguard against high veterinary costs.

The humanization of pets is another significant driver contributing to the market's expansion. Pet owners are increasingly viewing their pets as integral family members and are willing to invest in their health and well-being. This trend is particularly evident in developed regions such as North America and Europe, where disposable incomes are higher and the willingness to spend on pet healthcare is more pronounced. Beyond just treating illnesses, pet insurance policies now cover preventative care, which further drives the market as owners seek comprehensive health plans for their pets.

Technological advancements in the pet insurance industry are also playing a crucial role in market growth. The integration of digital platforms for managing insurance policies, claims, and providing telemedicine services is making it easier for pet owners to access and manage their insurance plans. The rise of mobile apps and online portals allows for more efficient and user-friendly services, encouraging more pet owners to adopt insurance policies. These digital tools also facilitate better customer engagement and personalized service, enhancing overall customer satisfaction and loyalty.

Pet cat Insurance is becoming increasingly popular as more cat owners recognize the importance of safeguarding their feline companions against unexpected medical expenses. Cats, while generally requiring less medical attention than dogs, are still susceptible to a variety of health issues that can arise suddenly. Insurance policies tailored specifically for cats often cover a range of medical treatments, including emergency care and chronic conditions, providing peace of mind to pet owners. As urban living continues to rise, with more people choosing cats as their preferred pets, the demand for cat-specific insurance policies is expected to grow. This trend is particularly noticeable in metropolitan areas where veterinary costs can be significantly higher.

Regionally, North America holds the largest share of the pet insurance market, driven by high pet ownership rates and a strong focus on pet health and wellness. Europe follows closely, with countries such as the UK, Sweden, and Germany showing significant adoption rates. The Asia Pacific region is emerging as a lucrative market, with growing awareness and increasing pet adoption rates in countries like China, Japan, and Australia. These regions are expected to witness substantial market growth due to rising disposable incomes and changing attitudes towards pet care.

Policy Type Analysis

The pet insurance market is segmented into various policy types, including Accident & Illness, Accident Only, and Others. The Accident & Illness segment is anticipated to hold the largest market share due to its comprehensive coverage, which includes a wide range of medical issues from minor injuries to serious illnesses. This type of policy is highly preferred by pet owners seeking extensive health coverage for their pets. The extensive coverage provided by these policies ensures that pet owners are protected against unexpected high veterinary costs, makin

Pet Boarding Service Market Outlook

In 2023, the global pet boarding service market size was estimated at approximately $XX billion, and it is projected to grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2032, reaching a forecasted market size of $XX billion by 2032. This considerable growth is driven by the increasing pet ownership rates worldwide and a rising trend toward pet humanization, where pets are increasingly treated as family members.

One of the primary growth factors for the pet boarding service market is the increasing number of pet owners globally. As more people consider pets as integral family members, there is a heightened demand for quality care services when they are away. This trend is particularly noticeable among millennials and Gen Z, who are leading the surge in pet adoption rates. Additionally, an increase in disposable income in both developed and developing nations enables pet owners to spend more on pet care services, thus boosting the market.

The rising urbanization and busy lifestyles of pet owners further contribute to the growth of the pet boarding service market. With more people living in urban areas and working long hours, the need for reliable and high-quality pet care services becomes crucial. Pet boarding services not only provide a safe environment for pets but also ensure that their physical and emotional needs are met while their owners are away. This convenience and peace of mind are significant contributors to the market's expansion.

Technological advancements and innovation in pet care services are also playing a critical role in driving market growth. The advent of pet monitoring apps, GPS tracking, and real-time video surveillance has made it easier for pet owners to stay connected with their pets even when they are not physically present. These technologies enhance the overall customer experience and increase trust in pet boarding services, thereby encouraging more pet owners to opt for such services.

From a regional perspective, North America holds a significant share of the pet boarding service market due to the high pet ownership rates and well-established pet care infrastructure. Europe follows closely, with countries like Germany, France, and the UK showing substantial growth in pet care services. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by increasing pet adoption rates and economic development in countries like China and India. Latin America and the Middle East & Africa also present growth opportunities, although at a relatively slower pace compared to other regions.

The introduction of Pet Care Plan Services has further revolutionized the pet boarding industry by offering comprehensive packages that cater to the diverse needs of pet owners. These plans typically include a range of services such as regular health check-ups, grooming, and dietary consultations, ensuring that pets receive holistic care even in the absence of their owners. By subscribing to these services, pet owners can enjoy peace of mind knowing that their pets are in good hands, receiving consistent and high-quality care. This trend is particularly appealing to busy pet owners who seek convenience and reliability, thereby driving the demand for integrated pet care solutions.

Pet Type Analysis

In the pet boarding service market, segmentation by pet type is crucial as it allows service providers to tailor their offerings to meet the specific needs of different pets. The major segments in this category include dogs, cats, birds, and others. Dogs, being the most popular pets globally, dominate this segment. The high demand for dog boarding services can be attributed to the fact that dogs require more attention and care compared to other pets, making boarding services essential for many dog owners. Additionally, the growing trend of dog-friendly workplaces and public spaces is encouraging more people to adopt dogs, further driving the demand for dog boarding services.

Cats, while more independent than dogs, also represent a significant portion of the pet boarding service market. Cat boarding services are designed to cater to the unique needs of felines, such as providing quiet and secure environments. The increasing number of cat owners, particularly among urban dwellers who prefer low-maintenance pets, is contributing to the growth of this segment. As more people understand the importance of

The coronavirus (COVID-19) pandemic has affected many industries in significant ways, including the pet industry. During a survey carried out in February 2022, ** percent of respondents in the United States reported acquiring a new pet. This is an increase of **** percent compared to December 2020, when ** percent of respondents reported getting a new pet. Pet ownership during the pandemic With nationwide lockdowns forcing people to spend most of their time confined at home, approximately ** percent of Americans from all generations surveyed in 2020 reported spending more time with their pets as a result of social distancing regulations. Additionally, the pandemic had its impact on the economic situation of millions of people who may have struggled with precarious work or part-time employment that was discontinued due to lockdowns, which made many pet owners concerned about the affordability of pet food and products. In fact, younger generations like Gen Z and Millennials in the United States were more likely than Baby Boomers to be worried about pet expenses during the coronavirus pandemic in 2020. Pet industry in the United States Pet industry expenditure in the United States has witnessed remarkable growth over the years and was forecast to reach nearly *** billion U.S. dollars in 2021, up from less than half that figure only ten years prior when it was approximately ** billion U.S. dollars in 2011. Among the most prominent players in the U.S. pet industry are pet food companies Mars Petcare Inc. and Nestlé Purina Petcare, generating ** billion and ** billion U.S. dollars in revenues, respectively.

The global pet healing platform market is experiencing robust growth, driven by increasing pet ownership, rising pet healthcare expenditure, and the growing adoption of technology for improved pet care. The market is segmented by application (pet cats, dogs, and others) and platform type (health management, interactive and entertainment, and others). While precise figures for market size and CAGR are unavailable, a reasonable estimation based on comparable technology markets suggests a 2025 market size of approximately $2 billion, expanding at a CAGR of 15-20% over the forecast period (2025-2033). This growth is fueled by several key factors. Firstly, pet owners are increasingly seeking convenient and technologically advanced solutions for their pets' health and well-being. Secondly, the development of sophisticated health management platforms offering remote monitoring, appointment scheduling, and personalized health insights is enhancing consumer adoption. Thirdly, the integration of interactive and entertainment features within these platforms enhances user engagement and promotes long-term platform usage. However, factors such as data privacy concerns, the need for reliable internet connectivity, and the varying levels of technological literacy among pet owners could potentially restrain market growth. Nevertheless, the ongoing innovation in areas such as AI-powered diagnostics and telehealth consultations is poised to drive further market expansion. The geographical distribution of the market is expected to be dominated by North America and Europe, reflecting higher pet ownership rates and higher disposable incomes in these regions. However, Asia Pacific is projected to witness significant growth owing to rising pet ownership and increasing awareness of advanced pet healthcare. Key players in this market include Pawp, Furbo, Petcube, Whisker, PawTrack, Vetster, and Fuzzy. These companies are actively competing through product innovation, strategic partnerships, and geographic expansion to establish a strong market presence. The competitive landscape is characterized by both established players and emerging startups, creating a dynamic and innovative environment within the pet healing platform sector. The future of this market hinges on continued technological advancements, the development of user-friendly interfaces, and the fostering of trust among consumers regarding data security and the efficacy of remote pet healthcare solutions.

In the rapidly expanding global pet market, TGM Research has conducted a multi-country survey to capture dynamic shifts in pet owner behavior. Explore powerful insights with TGM's Pet Care Report in Vietnam 2024, your gateway to unlocking lucrative opportunities and innovative approaches in the pet industry. Don't miss out on data that could redefine your business approach and propel your decisions to new heights.

Dog Sitting Service Market Outlook

The global dog sitting service market size is projected to grow from USD 4.5 billion in 2023 to an impressive USD 10.2 billion by 2032, reflecting a robust Compound Annual Growth Rate (CAGR) of 9.1% over the forecast period. This growth is largely driven by the increasing pet ownership rates and the rising disposable incomes, which allow pet owners to spend more on premium pet care services.

One of the primary growth factors for the dog sitting service market is the escalating number of pet owners globally. According to recent statistics, the number of households with pets has significantly increased in the past decade, with dogs being the most popular choice. This surge is particularly notable in urban areas where people often face constraints concerning time and space, making professional dog sitting services a necessity rather than a luxury. Furthermore, the humanization of pets trend has led owners to seek top-notch care for their furry friends, further propelling the demand for professional dog sitting services.

Another crucial factor contributing to the market's growth is the busy lifestyles of modern pet owners. With longer working hours, frequent business trips, and vacations, many pet owners are unable to provide consistent care for their dogs. This lifestyle shift has created a burgeoning market for dog sitting services, which offer convenience and peace of mind to pet owners. Additionally, the increasing awareness regarding the mental and physical well-being of pets has encouraged owners to opt for professional care services when they are unavailable, boosting the market's growth.

Technological advancements and the proliferation of mobile applications have also played a pivotal role in the market's expansion. The rise of online booking platforms has made it easier for pet owners to find and book reliable dog sitting services. These platforms often feature detailed profiles, reviews, and ratings of sitters, helping owners make informed decisions. This digital transformation has not only streamlined the booking process but has also expanded the market's reach, attracting tech-savvy pet owners who prefer the convenience of online services.

Regionally, North America is expected to dominate the dog sitting service market, followed by Europe and the Asia Pacific. In North America, particularly in the United States and Canada, the high pet ownership rates combined with the growing trend of pet humanization are significant drivers of market growth. Europe is also witnessing a steady increase in demand for dog sitting services, driven by similar trends. Meanwhile, the Asia Pacific region is anticipated to exhibit the highest growth rate due to rising disposable incomes and increasing awareness about pet care services in emerging economies like China and India.

Pet Daycare services have emerged as a vital component of the pet care industry, offering a structured environment for dogs to engage in social activities and receive professional supervision. These facilities cater to the needs of working professionals who seek reliable care for their pets during the day. Pet Daycare centers provide a range of activities designed to stimulate both the mind and body of the dogs, ensuring they remain active and engaged. The growing awareness of the benefits of socialization and exercise for dogs has led to an increase in demand for Pet Daycare services. As more pet owners recognize the importance of these services in maintaining their pets' overall well-being, the market for Pet Daycare is expected to expand significantly.

Service Type Analysis

The dog sitting service market can be segmented based on service type, including in-home dog sitting, pet daycare, overnight boarding, dog walking, and other specialized services. In-home dog sitting services, where a sitter takes care of the pet in the owner's home, are highly popular due to the comfort and familiarity it provides to the dog. This service type is particularly favored by pet owners who wish to maintain their dogÂ’s routine and environment, minimizing stress for the pet. In-home sitting also offers a personalized care approach, often including additional services like feeding, playtime, and administering medications.

Pet daycare services are another significant segment within the market. These facilities provide a safe and engaging environment for dogs during the day while their owners are at w

Pet stores prospered in recent years as households have become more financially stable and pet ownership rates have expanded. Pet parents have lavished their pets with premium food products, designer pet accessories and luxury grooming services. Stores have expanded despite mounting competition from supermarkets, mass merchandisers and online retailers. These competitors offer similar products at greater convenience and competitive prices. Traditional brick-and-mortar stores have successfully positioned themselves as pioneers and exclusive providers of high-quality food and additional service offerings, like grooming or day care. Pet store revenue is expected to climb at a CAGR of 1.3% to $33.2 billion through the end of 2025, including growth of 1.4% in 2025 alone. The revenue growth rate was suppressed because revenue jumped 18.6% to begin the period, as pet ownership skyrocketed in response to the pandemic. Since pets are widely viewed as family members, pet owners have shifted their preferences to higher-quality organic, gluten-free and grain-free pet foods to keep their pets happy and healthy. These premium products and services are high-margin, enabling profit gains for pet stores. According to a 2025 article from PetFoodIndustry.com, premium pet food mixers and toppers have both grown by more than 125.0% since 2018. Sales of designer dog breeds have also jumped, contributing to recent growth. While stores have capitalized on growing pet ownership trends, pet store sales growth was constrained by online retailers' surging popularity. Moving forward, pet stores are expected to expand at a similar rate, as pet ownership remains important to Americans of all ages. While positive consumer trends will benefit pet stores, competition from online retailers, mass merchandisers and discount department stores will be more vigorous, limiting the expansion. An aging population will contribute to higher sales of pets and pet-related products as older consumers adopt pets to fulfill their needs for companionship. Younger consumers will continue to buy pets as companions and to round out their budding families. Stores will push premium products and pets to cater to growing appetites for luxury among many consumers. Pet store revenue is expected to swell at a CAGR of 1.5% to $35.7 billion through the end of 2030.

Snapshot img

Dog Food Market Size 2024-2028

The dog food market size is forecast to increase by USD 16.1 billion, at a CAGR of 4.39% between 2023 and 2028.

The market is driven by the rising trend of pet health awareness, leading to an increasing demand for premium and nutritious dog food options. Pet adoption rates continue to soar, fueled by the humanization of pets and their integration into families as companions. Additionally, changing lifestyle patterns and the busy work lives of urban populations have resulted in a growing preference for convenient, ready-to-serve dog food solutions. However, the market faces challenges in the form of stringent regulations governing pet food labeling and safety standards.
Ensuring compliance with these regulations can be a significant obstacle for market entrants. Furthermore, the growing trend of natural and organic pet food may put pressure on companies to source high-quality, sustainable ingredients, increasing production costs. To capitalize on opportunities and navigate these challenges, companies must focus on innovation, sustainability, and transparency in their product offerings and business practices.

What will be the Size of the Dog Food Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with ongoing innovations in ingredient sourcing, formulation, and processing techniques shaping the industry's landscape. For instance, sodium content levels and calorie density calculation are increasingly important considerations for pet owners seeking to maintain their pets' health. Antioxidant inclusion, mineral fortification, and gut microbiome impact are other key areas of focus. Dry kibble formulation undergoes pet food extrusion, ensuring optimal nutrient retention and palatability. Quality control measures, ingredient interaction, and shelf life extension are crucial aspects of manufacturing, while digestive health support, amino acid analysis, and allergen management are essential for meeting diverse consumer needs.

Food safety protocols, calcium phosphorus ratio, taurine content, crude fiber content, and palatability testing are integral parts of the production process. Canned food processing, meat by-product utilization, moisture content regulation, and pet food digestibility are additional areas of research and development. Prebiotic fiber types, fatty acid profile, protein source identification, probiotic strain selection, vitamin supplementation, and novel protein sources are some of the emerging trends in the market. The AAFCO statement plays a vital role in ensuring standardized nutritional labeling and kibble texture analysis. Industry growth is expected to reach 5% annually, driven by increasing pet ownership, rising consumer awareness, and advancements in pet nutrition technology.

For example, a leading pet food manufacturer reported a 12% increase in sales due to the introduction of a grain-free formulation with improved digestibility and gut health benefits.

How is this Dog Food Industry segmented?

The dog food industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Dry dog food
  Dog treats and snacks
  Wet dog food


Distribution Channel

  Offline
  Online


Formulation

  Natural/Organic
  Grain-Free
  High-Protein
  Weight Management


Price Range

  Premium
  Mid-Range
  Economy


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Product Insights

The dry dog food segment is estimated to witness significant growth during the forecast period.

In the dynamic pet food industry, dry kibble remains the dominant product category in 2023, catering to the nutritional needs of dogs with proteins, vitamins, and minerals. Packaging innovations and attractive designs are key trends, boosting sales growth. Manufacturers are expanding their consumer base through strategies like mergers and acquisitions. For instance, Hill's Pet Nutrition's acquisition of Nutriamo's Italian canned pet food manufacturing facility in May 2022. Mineral fortification and antioxidant inclusion are essential aspects of pet food production, ensuring optimal health support for pets. Sodium content levels are carefully managed to maintain a balance between taste and health.

Calorie density calculation is crucial for addressing the varying energy requirements of different dog breeds and sizes. Pet food extrusion and canned fo

According to Cognitive Market Research, the Pet Food market size is expected to reach USD XX Million by 2024 and is projected to grow to USD XX Million by the end of 2033, expanding at a CAGR of XX% from 2025 to 2033.

North America held the major market of more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2033.
Europe accounted for a share of over XX% of the global market size of USD XX million.
Asia Pacific held a market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2033.
Latin America's market will have more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2033.
Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2033.

Current Scenario of the Pet Food Market

Key Drivers of the Pet Food Market

Increasing pet ownership rates have led to a greater demand for pet food

The global demographic shift has led to an increasing trend in pet ownership. GenZ and Millenials majorly constitute the total number of pet owners. Moreover, the advent of the COVID-19 pandemic has led to a surge in the number of pet owners leading to an increased demand for pet food. According to the data published by the American Veterinary Medical Association, from 2016 and 2020, the proportion of American homes with dogs rose from 38% to 45%, but by 2022, it had bottomed off. In recent times, however, cats have gained popularity. From 25% to 26% in 2020 and then to 29% in 2022, the proportion of households with at least one cat grew marginally. Consumer spending on dogs and cats between 2020 and 2022 increased across the board. Source- https://www.avma.org/news/pet-ownership-rate-stabilizes-spending-increases

The pet food market is driven primarily by the significant increase in pet expenditure, particularly on premium pet food. Because pet owners are becoming more conscious of their pets' health and nutrition, they are becoming more willing to spend money on unique and high-quality ingredients—a trend known as premiumization. This change in customer behavior directly affects the need for a wide range of high-quality pet food ingredients. As pet owners' preferences change, manufacturers are forced to develop and improve their formulas, which drives up demand for additives that improve nutritional value, taste, and general well-being. The idea that pets are essential members of the family fuels the relationship between increased pet spending and the desire for high-quality ingredients in pet food, which leads to steady growth.In a prerecorded presentation on October 24 during the two-day AVMA Veterinary Economic and Business Forum, which was virtually held this year, Rosemary Radich, the former principal data scientist for the AVMA Veterinary Economics Division, stated, "The increase in the number of households with dogs looks large, but it occurred over a six-year period, which is pretty conservative growth." Source- (https://www.avma.org/news/pet-ownership-rate-stabilizes-spending-increases)

Awareness regarding pet health has caused a demand for organic and healthy pet food

Owners are increasingly becoming more cognizant of their pet’s health. This has led to better diets, opting for organic pet food and customizing the pet food based on their pet’s age, health restrictions, etc. Thus, the tendency of pet owners to opt for nutritious pet food drives the demand. Owners gaining a greater understanding and awareness of pet health needs. The market for pet food ingredients is driven mostly by the significant rise in pet expenses, particularly for high-end pet food. Due to increased understanding of canine nutrition and health, pet owners are becoming more prepared to spend more on unique and high-quality ingredients—a trend known as premiumization. In a newly launched product by Hill's Pet Nutrition Pets with sensitive stomachs and skin lines can now enjoy the new MSC (Marine Stewardship Council) certified pollock and insect protein products from ...

Financial overview and grant giving statistics of Alliance for Responsible Pet Owners Inc.

Pet Tracker Market Outlook

According to our latest research, the global pet tracker market size reached USD 2.1 billion in 2024, reflecting robust demand for advanced pet monitoring solutions. The market is expected to grow at a CAGR of 13.8% from 2025 to 2033, with the total market size projected to hit USD 6.6 billion by 2033. This impressive growth trajectory is primarily driven by increasing pet ownership, heightened awareness about pet safety, and the rapid adoption of smart pet care technologies globally.

One of the most significant growth factors for the pet tracker market is the rising trend of pet humanization, where pets are increasingly considered integral family members. Pet owners are seeking innovative ways to ensure their petsÂ’ safety, comfort, and well-being, which has spurred demand for real-time tracking devices. The shift toward nuclear families and the growing number of single-person households, especially in urban areas, has further accelerated the need for reliable pet monitoring solutions. As a result, manufacturers are investing heavily in R&D to introduce trackers with enhanced features such as geofencing, health monitoring, and activity tracking, thereby fueling market expansion.

Technological advancements have played a pivotal role in shaping the pet tracker market. The integration of GPS, RFID, and Bluetooth technologies has not only improved the accuracy and range of pet trackers but also enabled seamless connectivity with smartphones and other smart devices. These innovations have made it easier for pet owners to monitor their pets remotely, receive instant alerts, and access comprehensive data on their petsÂ’ activities and health. Additionally, the emergence of IoT-enabled pet trackers and cloud-based data analytics is transforming the way pet owners interact with their pets, offering actionable insights and personalized recommendations that enhance the overall pet care experience.

Another prominent growth driver is the increasing incidence of pet theft and loss, which has heightened the need for reliable tracking solutions. According to industry statistics, millions of pets go missing each year, and the emotional and financial toll on pet owners can be substantial. Pet trackers equipped with advanced location tracking and recovery features have proven invaluable in reuniting lost pets with their families. Furthermore, the growing popularity of pet adoption and the expanding base of tech-savvy pet owners in emerging markets are expected to create lucrative opportunities for market participants in the coming years.

The integration of GPS technology in pet trackers has revolutionized the way pet owners ensure the safety of their furry companions. With the advent of the GPS Pet Door Tracker, pet owners can now seamlessly monitor their pets' movements in and out of the house. This innovative solution not only provides real-time location updates but also allows for the creation of virtual boundaries, ensuring pets remain within safe zones. The GPS Pet Door Tracker is particularly beneficial for households with multiple pets, offering peace of mind by preventing unauthorized exits and alerting owners to any unusual activity. As smart home technology continues to evolve, the GPS Pet Door Tracker represents a significant advancement in pet care, combining convenience with enhanced security features.

From a regional perspective, North America continues to dominate the pet tracker market, accounting for the largest revenue share in 2024. This is attributed to high pet ownership rates, strong consumer purchasing power, and the widespread adoption of smart pet care products. Europe follows closely, driven by similar trends and supportive regulatory frameworks for pet safety. Meanwhile, the Asia Pacific region is poised for the fastest growth, propelled by rising disposable incomes, urbanization, and a burgeoning middle-class population that is increasingly willing to invest in premium pet care solutions.