Global Pet Food Market Opportunities & Forecast (2018-2025) Global Pet Food Market Opportunities & Forecast (2 | Page 2

Figure 1: Global Pet Food Market Revenue, 2018–2025 (USD Million)
Source: GMI Research
The key factors bolstering the market growth are growing pet population and pet
adoption, rising trend of humanization of pets and rising demand for nutritious and
high-quality food for the pets.
Based on the pet type, dogs are anticipated to lead the market during 2018–2025
The global pet food industry is driven by the dog pet food industry. The growing aged
population and increasing number of nuclear families are inspiring the people to
adopt pets, specifically, cats and dogs. For instance, in Europe, about 70 million
population have at least one pet. The rising trend of urbanization and humanization is
encouraging the pet owners to spend more on pet food, and high-end accessories.
In 2017, dry food held the largest share in global pet food market by food type, since,
dry foods are the popular among dogs, whereas, wet foods are preferred by the cats.
Fats and additives are expected to witness significant growth during the forecast
period. Fish and birds are expected to drive the growth of the global pet food market.
The global pet care market is highly competitive and is driven by players, such as
Omega Protein Corporation, Mars Petcare Inc., Nestlé Purina PetCare, Hill’s Pet
Nutrition, J.M. Smucker, Diamond Pet Foods, and Blue Buffalo.
Figure 2: Global Pet food Market Revenue, by Region, 2017