NEW YORK, March 17, 2022 /PRNewswire/ -- According to the report "Pet Food Market in US by Product, Distribution channel, and Type - Forecast and Analysis 2022-2026", the market will witness a YOY growth of 4.78% in 2022 and a CAGR of 5.35% during the forecast period. The report is segmented by product (dry pet food, wet pet food, and pet snacks and treats), distribution channel (offline and online), and type (dog food, cat food, and other small pet food).
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Vendor Insights and Scope
The pet food market in US is fragmented and the vendors are deploying organic growth (innovation) and inorganic growth (M&A activity) to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Colgate Palmolive Co.
- General Mills Inc.
- JustFoodForDogs LLC
- Manna Pro Products LLC
- Mars Inc.
- Nestle SA
- Spectrum Brands Holdings Inc.
- J.M. Smucker Co.
- Tyson Foods Inc.
- Volkman Pet Products
The report also covers the following areas:
Key Segment Analysis
The pet food market share growth in US by the dry pet food segment will be significant during the forecast period. The growth is attributed to the high demand for dry pet food owing to factors such as easy transportation and storage as well as a longer shelf life than wet pet foods.
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Key Market Drivers & Challenges:
The rising awareness of pet nutrition is driving the pet food market growth in US is the. Pet diets must meet the needs of different ages and weights. For example, a puppy's dietary needs in terms of metabolism, immunology, and body composition differ significantly from those of an adult dog. As a result, pet owners are increasingly turning to specialized, functional pet food items.
Stringent regulations are challenging the pet food market growth in the US. Any ingredient to be used in pet foods has to be accepted by the FDA and adopted by the AAFCO, which engage in developing bills and regulations for the pet food market in the US. The Food Safety Modernization Act (FSMA) regulates the pet food market in the US at a federal level. The highly regulated nature of the pet food market in the US involves considerable compliance costs to manufacturers in terms of certification, equipment maintenance, and personnel training expenses.
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Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist pet food market growth in US during the next five years
- Estimation of the pet food market size in US and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the pet food market in US
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of pet food market vendors in US
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Pet Food Market Scope in US | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 5.35% |
Market growth 2022-2026 | USD 13.13 billion |
Market structure | Fragmented |
YoY growth (%) | 4.78 |
Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled | Colgate Palmolive Co., General Mills Inc., JustFoodForDogs LLC, Manna Pro Products LLC, Mars Inc., Nestle SA, Spectrum Brands Holdings Inc., J.M. Smucker Co., Tyson Foods Inc., and Volkman Pet Products |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 5
Exhibit 04: Key Finding 6
Exhibit 05: Key Finding 7
2. Market Landscape
2.1 Market ecosystem
Exhibit 06: Parent market
Exhibit 07: Market characteristics
2.2 Value chain analysis
Exhibit 08: Value Chain Analysis
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 13: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 14: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 15: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 16: Threat of new entrants
4.5 Threat of substitutes
Exhibit 17: Threat of substitutes
4.6 Threat of rivalry
Exhibit 18: Threat of rivalry
4.7 Market condition
Exhibit 19: Market condition - Five forces 2021
5 Market Segmentation by Product
5.1 Market segments
Exhibit 20: Product - Market share 2021-2026 (%)
5.2 Comparison by Product
Exhibit 21: Comparison by Product
5.3 Dry pet food - Market size and forecast 2021-2026
Exhibit 22: Dry pet food - Market size and forecast 2021-2026 ($ million)
Exhibit 23: Dry pet food - Year-over-year growth 2021-2026 (%)
5.4 Wet pet food - Market size and forecast 2021-2026
Exhibit 24: Wet pet food - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Wet pet food - Year-over-year growth 2021-2026 (%)
5.5 Pet snacks and treats - Market size and forecast 2021-2026
Exhibit 26: Pet snacks and treats - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Pet snacks and treats - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Product
Exhibit 28: Market opportunity by Product
6.Market Segmentation by Distribution channel
6.1 Market segments
Exhibit 29: Distribution channel - Market share 2021-2026 (%)
6.2 Comparison by Installation sites
Exhibit 30: Comparison by Distribution channel
6.3 Offline - Market size and forecast 2021-2026
Exhibit 31: Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Offline - Year-over-year growth 2021-2026 (%)
6.4 Online - Market size and forecast 2021-2026
Exhibit 33: Online - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Online - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Distribution channel
Exhibit 35: Market opportunity by Distribution channel
7 Market Segmentation by Type
7.1 Market segments
Exhibit 36: Type - Market share 2021-2026 (%)
7.2 Comparison by Type
Exhibit 37: Comparison by Type
7.3 Dog food - Market size and forecast 2021-2026
Exhibit 38: Dog food - Market size and forecast 2021-2026 ($ million)
Exhibit 39: Dog food - Year-over-year growth 2021-2026 (%)
7.4 Cat food - Market size and forecast 2021-2026
Exhibit 40: Cat food - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Cat food - Year-over-year growth 2021-2026 (%)
7.5 Other small pet food - Market size and forecast 2021-2026
Exhibit 42: Other small pet food - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Other small pet food - Year-over-year growth 2021-2026 (%)
7.6 Market opportunity by Type
Exhibit 44: Market opportunity by Type
8 Customer landscape
8.1 Overview
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 45: Customer landscape
9. Drivers, Challenges, and Trends
9.1 Market drivers
9.1.1 Rising awareness of pet nutrition
9.1.2 Growth of the organized retail sector
9.1.3 New product launches
9.2 Market challenges
9.2.1 Stringent regulations
9.2.2 Increasing instances of pet allergies
9.2.3 Health implications related to pet allergies
Exhibit 46: Impact of drivers and challenges
9.3 Market trends
9.3.1 Sustainability and biotechnology are becoming increasingly important in the formulation of pet foods.
9.3.2 Increasing demand for organic pet food
9.3.3 Customized pet diets are becoming increasingly popular
10. Vendor Landscape
10.1 Overview
Exhibit 47: Vendor landscape
10.2 Landscape disruption
Exhibit 48: Landscape disruption
Exhibit 49: Industry risks
11. Vendor Analysis
11.1 Vendors covered
Exhibit 50: Vendors covered
11.2 Market positioning of vendors
Exhibit 51: Market positioning of vendors
11.3 Colgate Palmolive Co.
Exhibit 52: Colgate Palmolive Co. - Overview
Exhibit 53: Colgate Palmolive Co. - Business segments
Exhibit 54: Colgate Palmolive Co. - Key offerings
Exhibit 55: Colgate Palmolive Co. - Segment focus
11.4 General Mills Inc.
Exhibit 56: General Mills Inc. - Overview
Exhibit 57: General Mills Inc. - Product and service
Exhibit 58: General Mills Inc. - Key offerings
Exhibit 59: General Mills Inc. - Segment focus
11.5 JustFoodForDogs LLC
Exhibit 60: JustFoodForDogs LLC - Overview
Exhibit 61: JustFoodForDogs LLC - Product and service
Exhibit 62: JustFoodForDogs LLC - Key offerings
11.6 Manna Pro Products LLC
Exhibit 63: Manna Pro Products LLC - Overview
Exhibit 64: Manna Pro Products LLC - Product and service
Exhibit 65: Manna Pro Products LLC - Key offerings
11.7 Mars Inc.
Exhibit 66: Mars Inc. - Overview
Exhibit 67: Mars Inc. - Product and service
Exhibit 68: Mars Inc. - Key offerings
Exhibit 69: Mars Inc. - Segment focus
11.8 Nestle SA
Exhibit 70: Nestle SA - Overview
Exhibit 71: Nestle SA - Business segments
Exhibit 72: Nestle SA - Key offerings
Exhibit 73: Nestle SA - Segment focus
11.9 Spectrum Brands Holdings Inc.
Exhibit 74: Spectrum Brands Holdings Inc. - Overview
Exhibit 75: Spectrum Brands Holdings Inc. - Business segments
Exhibit 76: Spectrum Brands Holdings Inc. - Key offerings
11.10 J.M. Smucker Co.
Exhibit 77: J.M. Smucker Co. - Overview
Exhibit 78: J.M. Smucker Co. - Business segments
Exhibit 79: J.M. Smucker Co. - Key offerings
Exhibit 80: J.M. Smucker Co. - Segment focus
11.11 Tyson Foods Inc.
Exhibit 81: Tyson Foods Inc. - Overview
Exhibit 82: Tyson Foods Inc. - Product and service
Exhibit 83: Tyson Foods Inc. - Key offerings
Exhibit 84: Tyson Foods Inc. - Segment focus
11.12 Volkman Pet Products
Exhibit 85: Volkman Pet Products - Overview
Exhibit 86: Volkman Pet Products - Product and service
Exhibit 87: Volkman Pet Products - Key offerings
12. Appendix
12.1 Scope of the report
12.1.1 Market definition
12.1.2 Objectives
12.1.3 Notes and caveats
12.2 Currency conversion rates for US$
Exhibit 88: Currency conversion rates for US$
12.3 Research Methodology
Exhibit 89: Research Methodology
Exhibit 90: Validation techniques employed for market sizing
Exhibit 91: Information sources
12.4 List of abbreviations
Exhibit 92: List of abbreviations
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
SOURCE Technavio
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