Pet humanization is on the rise around the globe. According to the 2019-2020 National Pet Owners Survey conducted by the American Pet Products Association (APPA), In the United States, sixty-seven percent of households, or about 85 million families, own a pet. Pets like dogs, cats, and birds are domestic animals that became part of the family. According to Renub Research, United States Pet Food Market will be US$ 41.49 Billion by 2026.
Pet foods propose to provide complete balanced nutrition necessary to maintain and repair muscles, teeth, and bones, preventing infections and diseases, and keep the skin and haircoat healthy and shiny. Dry, Wet, Frozen/Refrigerated, and Treats/Beverages are product available to meet the United States pet owners’ standard nutritional adequacy. The Pet food market in the United States will grow at a CAGR of 4% during 2020-2026.
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Proteins and amino acids are important nutrients required in all pets’ diet, including dogs and cats. The protein amount needs differ from species, life stage and activity level. Cats require much more protein than dogs because of species differences in protein metabolism. Dry food considered to contain a high percentage of proteins and fats than wet food, and this factor is significantly propelling the dry food market for pets in the United States. United States Pet Food Industry was worth US$ 32.79 Billion in 2020.
Moreover, rising pet humanization, surging Nuclear family trends and quality matters the most in Americans while choosing their pet food are the factors driving this market. The United States pet food market is segmented into different varieties such as Dogs food, Cat, Birds, Fish Food, and Small Mammals/Reptiles Food Market. According to our research, dog food dominates the market in the US. This can be due to the rising preference towards dogs for security and companionship.
Their high level of consolidation characterizes the pet food industry in the United States. Nestle SA (Purina), Mars Inc., Blue Buffalo and JM Smucker are few important manufacturers working in the pet food industry. Mars is a major pet food company in the country. In 2017, Mars launched CRAVE a brand of high-protein dog and cat food.
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