The global Organic pet foodstuff size was valued at USD 83.02 billion in 2019 and is predicted to grow at a compound annual rate of growth (CAGR) of 4.6% from 2019 to 2028. Increasing consumer awareness concerning natural and organic pet food products has forced the manufacturers to shift their focus from synthetic to natural products which have acted composed of the main forces impacting the worldwide market.
Top Driver: Robust Demand due to changing life style in different countries. Perception of consumers towards health of pet is increasing
Organic pet food demand is cumulative due to changing life style in different countries. Perception of consumers towards health of pet is increasing, leading to growing demand for organic pet foodstuff . Increasing trend of relatives is one among the factor liable for growth of organic pet foodstuff . Increasing awareness of pet health is one among the key driver for rise in marketplace for organic pet food. Adoption of pet is increasing globally successively increasing demand for organic pet food. Advertisements and pet health awareness drives are increasing and endorsements done by celebrities is driving the worldwide organic pet foodstuff .
Changing consumer’s perception towards health of pet is leading to growing demand for organic and natural pet foods market. Increasing trend of relatives is one among the factor liable for growth of pet foods market successively organic pet food. Increasing awareness of pet health is one among the key driver for rise in market demand for organic pet foods. Adoption and humanization of pet is increasing globally successively increasing demand for organic pet foods. Advertisements and pet health awareness drives are increasing and endorsements done by celebrities is another factor fueling the expansion of worldwide organic pet foods market. Increasing income and changing consumer life style are other factors driving demand and growth of the worldwide organic pet foodstuff .
By application the dog organic food Make Crucial Contribution to Growth of Global Organic Pet food Market
Based on Application, Rising consumer awareness regarding pet health has led to an increased focus on enhancing the weight of dogs and maintaining their overall health. Customers are opting between multiple available foods and are highly counting on product brands. Manufacturers are constantly that specialize in entering the premium food products segment and thereby improving their overall margin of profit .
The trend of owning more than one cat is witnessing consistent growth, particularly in Europe and North America, thereby propelling the product demand. Cats require less training as compared to dogs and are capable of spending more time alone. Besides, the cost required for owing cats is relatively low as compared to that in the case of dogs. The others application segment includes pet food products for birds, fish, and reptiles. The product demand for such animal categories is likely to remain sluggish as compared to that for dogs and cats. The short lifespan and low rate of food consumption are likely to emerge because the major factors for low product demand during this segment as compared to dogs and cats. High moisture content in this product type helps ensure that the pets are hydrated and are also beneficial to the urinary tract. However, the high cost of the merchandise , particularly meat-based protein canned foods , may restrict its preference among consumers, thereby restraining the segment growth over the forecast period.
Based on Product, Dry food is useful in ensuring good oral care in dogs with minimal tartar buildup on the animal’s teeth and by reducing plaque. In addition, this product type offers the crunch and chewing required for maintaining the overall health of animals. Dry food eliminates the need for freezing like that in case of canned food.
High moisture content in this product type helps ensure that the pets are hydrated and are also beneficial to the urinary tract. However, the high cost of the merchandise, particularly meat-based protein canned food, may restrict its preference among consumers, thereby restraining the segment growth over the forecast period. Pet snacks are usually preferred for improving intake nutrition and enhanced quality ingredients, whereas treats are used as the key product to induce positive behavior in pets. Snacks usually consist of baked products such as roasted grains and biscuits or dried fruits and vegetables
North America emerged as one of the most prominent regional pet food markets
North America appeared as one of the most prominent regional pet food markets after Asia Pacific. The regional demand for pet food is primarily driven by rising consumer awareness regarding the beneficial impact on pet health alongside the increasing trend of humanization of pets.
The rising trend of adopting pets among the millennials is further projected to support market growth. According to the American Pet Products Association (APPA), around 38% of the people across the U.S. own cats and two as a mean number of cats per household.
Europe is taken into account as a serious marketplace for quality-driven pet food. According to the ecu Pet Food Industry Federation (FEDIAF), over 80 million households across Europe own a minimum of one pet. The regional market is led by cat chow products due to the high rate of cat ownership.
Also, Asia Pacific, led by China, Japan, India, and South Korea, emerged as one of the major markets across the globe in 2019. The regional market growth are often attributed to the increasing demand for premium petfood. According to the 2019 Alltech Global Feed Survey, pet food production grew up to 14% in Asia Pacific in 2019.
Players to Focus on Expanding Global Organic Pet food Market
Some of the key players known across the value chain of the global organic pet food market include KLN Family Brands, Halo Purely for Pets, Newman’s Own, PetGuard, Nature’s Variety, Party Animal Inc., Blue Buffalo Co., Ltd., Solid Gold Pet, LLC, Mars, Incorporated, Grandma Lucy’s LLC, Merrick Pet Care etc.
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