The organic pet food global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Organic Pet Food Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The organic pet food market size has grown strongly in recent years. It will grow from $20.95 billion in 2023 to $22.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increased demand for pet food in various regions, increased consumer awareness for pet health, consumer spending on healthcare, increased population treats their pets, increased spending toward pet foods, the increased organic pet food sales.
The organic pet food market size is expected to see strong growth in the next few years. It will grow to $29.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the large pet population, rising pet owner spending on healthy and organic food, rising disposable income, the rise in millennial pet owners, growing consumer awareness of pet health issues. Major trends in the forecast period include investments in high-quality pet food products, rising tendency of customers to consider dogs, cheap and affordable for many dog owners, the increased customer inclination, innovation in pet food product.
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Scope Of Organic Pet Food Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Organic Pet Food Market Overview
Market Drivers –
The increasing pet ownership is expected to propel the growth of the organic pet food market going forward. Pet ownership refers to having an animal, typically a domesticated species, under one’s care and responsibility for companionship, work, or recreational purposes. The increase in pet ownership is due to social trends, urbanization, and the number of young adults delaying parenthood. Organic pet food often contains high-quality ingredients without artificial additives, reducing the likelihood of allergies and skin problems in pets and enhancing the overall experience of pet ownership, making it more fulfilling and responsible. For instance, in June 2021, according to the American Pet Products Association (APPA), a US-based not-for-profit industry association, between 2021 and 2022, the percentage of U.S. households with pets rose from an estimated 67% to 70%. However, from 2023 to 2024, approximately 66% of U.S. households, equivalent to 86.9 million households, have pets. Therefore, increasing pet ownership drives the organic pet food market.
Market Trends –
Major companies operating in the organic pet food market are focusing on developing innovative products, such as bio-organic and superfood products, to enhance pet well-being and differentiate themselves in a competitive market. Bio-organic and superfood concepts are combined in pet food products that offer a powerful mix of organic integrity and enhanced nutrition. This approach ensures that pets receive clean, sustainably produced food with added health benefits, contributing to their overall well-being and longevity. For instance, in July 2023, The Rockster, a Scotland-based dog food company, launched bio-organic superfood products for dogs in the United States. These products are crafted to offer a high-quality, nutritious diet for dogs, utilizing only premium, human-grade ingredients. They are certified bio-organic and ensure 100% transparency and traceability of their components, detailing the specific parts of the animal used and the pesticide-free soil in which the crops are cultivated.
The organic pet food market covered in this report is segmented –
1) By Product Type: Dry Food, Wet Food, Other Product Types
2) By Pet Type: Dog, Cat, Fish, Bird, Other Pet Types
3) By Packaging Type: Raw, Powdered, Dry And Dehydrated, Liquid And Gravy, Canned, Frozen And Freeze-Dried, Other Packaging Types
4) By Pet Life-Stage: Adult, Kitten Or Puppy, Other Pet Life-Stages
5) By Sales Channel: Hypermarkets Or Supermarkets, Convenience Stores, Discount Stores, Online Retail, Others Sales Channels
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Regional Insights –
North America was the largest region in the organic pet food market in 2023. Europe is expected to be the fastest growing region in the market. The regions covered in the organic pet food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the organic pet food market are Nestlé S.A., Archer Daniels Midland Company, General Mills Inc., Mars Petcare Inc., Newman’s Own Inc., Purina, Hill’s Pet Nutrition Inc., Merrick Pet Care, Stella & Chewy’s LLC, Primal Pet Foods Inc., GA Pet FoodPartners, Heristo AG, Lily’s Kitchen, Castor & Pollux Natural Petworks, Party Animal Inc., Grandma Lucy’s, Biopet Ltd., Kelly & Company, PetGuard Holdings LLC, The Harrison’s Bird Foods Co., Himalaya Wellness Co,, Organic Pet Boutique, Benevo
Table of Contents
- Executive Summary
- Organic Pet Food Market Characteristics
- Organic Pet Food Market Trends And Strategies
- Organic Pet Food Market – Macro Economic Scenario
- Global Organic Pet Food Market Size and Growth
…………..
- Key Mergers And Acquisitions In The Organic Pet Food Market
- Organic Pet Food Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Organic Pet Food Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Organic Pet Food Market, Segmentation By Pet Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Organic Pet Food Market, Segmentation By Packaging Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……….
Table 76: Nestlé S.A. Financial Performance
Table 77: Archer Daniels Midland Company Financial Performance
Table 78: General Mills Inc. Financial Performance
Table 79: Mars Petcare Inc. Financial Performance
Table 80: Newman’s Own Inc. Financial Performance
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