Dry Pet Food Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 90.48 Billion |
| Market Size (2029) | USD 134.14 Billion |
| CAGR (2024 - 2029) | 8.19 % |
| Fastest Growing Market | Africa |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Dry Pet Food Market Analysis
The Dry Pet Food Market size is estimated at USD 90.48 billion in 2024, and is expected to reach USD 134.14 billion by 2029, growing at a CAGR of 8.19% during the forecast period (2024-2029).
There is a growing trend of pet humanization globally. The American Pet Products Association estimated that more than 67% of households (84.9 million households) owned pets during 2020-21 in the United States, which is expected to grow further. Hence, pet food manufacturers are offering premium products targeted toward pet owners due to the increased parenting of pets.
The demand for dry pet foods is witnessing a huge demand compared to other pet food products as pet owners find these an easy and convenient food choice without compromising on the nutritional value. The ease of storing and feeding pets is driving higher demand for dry pet food among young and working urban pet owners worldwide.
Cats and dogs are the highest contributors to the dry pet food industry. According to the American Pet Products Association's (APPA) National Pet Owners Survey 2021-2022, almost 70% of households owned a pet. Also, it estimated that 54% of US households owned a dog, significantly rising in the past five years. According to data from the European Pet Food Federation (FEDIAF), as of the end of 2021, 46% of European households owned pets, which equates to 90 million households. Cats and dogs remain the most popular pets; 25% of European Union (EU) households own at least one cat or dog. The growing popularity of cats and dogs indicates a higher demand for a diverse range of pet food supplies, which is expected to drive the market during the forecast period.
Dry Pet Food Market Trends
Growing Trend of Pet Humanization in All Regions
Pet humanization has become a globally accepted term in the pet industry. More pet owners want to provide their pets with human-like products or experiences and tend to see themselves more as pet parents than as owners. This has been a very crucial and defining trend in the market studied and more so in developed countries. Thus, the increasing humanization of pets is expected to drive the pet food industry.
According to the European Pet Food Federation (FEDIAF), pet ownership in Europe is increasing, with 90 million European homes (46%) owning companion animals, resulting in over EUR 20 billion in related services and products. Germany is the leading country in terms of both cat and dog populations. Cats are the most popular pet in the EU. All countries appear to have a higher population of cats than dogs. However, Spain has a far higher preference for dogs, outnumbering the cat population by about 6 million.
In China, according to Pet Data, the adoption rate was 11.8% for dogs and 19.9% for cats in 2018. This led to an increase in spending on healthy treats for pets. There are nearly 150,000 retail establishments nationwide in the Brazilian pet food market. Companies are increasing the number of premium products as consumers are prepared to spend more on pet food and products, including dry pet food that is healthy, nutritious, and improves their living conditions. For instance, MARS Petcare launched premium cat food under the IAMS brand in India. This brand offers four dry variants in India, specially designed to ensure a healthy, natural defense for both adult cats and kittens. The increasing consumer trend toward pet adoption has driven pet food premiumization, which is anticipated to expand the market studied during the forecast period.
North America Dominates the Market
According to a recent American Pet Products Association survey, pet owners spent upwards of USD 50 billion on pet food in 2021, with dog owners spending an average of USD 287 on food annually. The same survey reported that 41% of dog owners opted to feed their companion premium dog food in 2020, an increase from 37% in 2019.
The major distribution channels through which the United States and Canada supply dry pet food are specialized pet shops, mass retail stores, pet superstores, online sales, niche specialists, grocery chains, drugstores, and agricultural supply stores. Pet food manufacturers are automating the production process to improve safety and efficiency. Using innovative manufacturing technology, such as automating formulation, batching, drying, coating, and liquid delivery, is helping companies achieve cost efficiency and ensure product quality. Nestlé Purina Petcare Company, Mars Inc., Hill's Pet Nutrition Inc., and Blue Buffalo Co. Ltd are significant companies operating in the North American dry pet food market.
Both dry dog food and cat food are popular among consumers because of their lower price tag and convenience. Hence, there is a growing expenditure on pets as well as higher customization of nutritional needs for pets, resulting in significant market growth in this region.
Dry Pet Food Industry Overview
The dry pet food market is moderately consolidated, and the market players include Mars Inc., Nestle SA (Purina), The J.M. Smucker Company, Colgate-Palmolive Company (Hills Pet Nutrition Inc.), and Blue Buffalo Company Ltd. Major players in the market have extended their product portfolio and broadened their business to maintain their market position. The key players in the market are also expanding their product ranges and plant capacities and introducing their products in new areas to increase their market presence.
Dry Pet Food Market Leaders
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Mars Inc
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Nestle SA Purina
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Colgate-Palmolive Company (Hill's Pet Nutrition, Inc.)
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The J.M. Smucker Company
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Blue Buffalo Company Ltd
*Disclaimer: Major Players sorted in no particular order
Dry Pet Food Market News
Oct 2022: ADM introduced a new premix line to meet the rising consumer demand for pet nutrition. It will make high-quality and functional premixes for use in dry foods, treats, dietary supplements, and wet pet foods.
Jul 2022: Nestle acquired the pet food company Purina Petcare India. This will transfer the entire assets and liabilities to the company, including the employees.
May 2022: MARS Petcare launched premium cat food in India under the IAMS brand. This brand offers four dry variants in India, specially designed to ensure a healthy, natural defense for both adult cats and kittens.
Dry Pet Food Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Animal Type
5.1.1 Dogs
5.1.2 Cats
5.1.3 Other Animals
5.2 Product Type
5.2.1 Kibble
5.2.2 Other Product Types
5.3 Ingredient Type
5.3.1 Protien
5.3.1.1 Animal-derived
5.3.1.2 Plant-derived
5.3.2 Cereals and Cereal Derivatives
5.3.3 Other Ingredient Types
5.4 Distribution Channel
5.4.1 Specialized Pet Shops
5.4.2 Online Channels
5.4.3 Supermarkets/Hypermarkets
5.4.4 Other Distribution Channels
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Mexico
5.5.1.4 Rest of North America
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Russia
5.5.2.5 Spain
5.5.2.6 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 India
5.5.3.2 China
5.5.3.3 Japan
5.5.3.4 Australia
5.5.3.5 Rest of Asia-Pacific
5.5.4 South America
5.5.4.1 Brazil
5.5.4.2 Argentina
5.5.4.3 Rest of South America
5.5.5 Middle East & Africa
5.5.5.1 South Africa
5.5.5.2 United Arab Emirates
5.5.5.3 Saudi Arabia
5.5.5.4 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Mars Inc.
6.3.2 Nestle Purina Petcare Company
6.3.3 The JM Smucker Company
6.3.4 Colgate-Palmolive Company (Hill's Pet Nutrition Inc.)
6.3.5 General Mills Blue Buffalo Pet Products Inc.
6.3.6 Nutriara Alimentos Ltda
6.3.7 Clearlake Capital Group L.P. (Wellness Pet Company Inc.)
6.3.8 Schell & Kampeter Inc. (Diamond Pet Foods)
6.3.9 Alltech Inc.
6.3.10 Archer Daniels Midland
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Dry Pet Food Industry Segmentation
Pet foods are usually intended to provide complete and balanced nutrition to the pet but are primarily used as functional products. A dry diet, a biscuit diet, or a kibble diet is a processed pet food diet.
The Dry Pet Food Market is segmented by Animal Type, Product Type, Ingredient Type, Distribution Channel, and Geography. The Animal Types are further segmented into Dogs and Cats. Product Types are further segmented into Kibble and Other Dry Pet Food. The Ingredient Types are further segmented into Protein, Cereal and Cereal Derivatives, and Other Ingredient Types. The Distribution Channels are further segmented into Specialized Pet Stores, Supermarkets/Hypermarkets, Online Channels, and Other Distribution Channels. The report is further segmented by Geography into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report offers the market size for all the above segments in terms of value (USD).
| Animal Type | |
| Dogs | |
| Cats | |
| Other Animals |
| Product Type | |
| Kibble | |
| Other Product Types |
| Ingredient Type | ||||
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| Cereals and Cereal Derivatives | ||||
| Other Ingredient Types |
| Distribution Channel | |
| Specialized Pet Shops | |
| Online Channels | |
| Supermarkets/Hypermarkets | |
| Other Distribution Channels |
| Geography | ||||||||
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Dry Pet Food Market Research FAQs
How big is the Dry Pet Food Market?
The Dry Pet Food Market size is expected to reach USD 90.48 billion in 2024 and grow at a CAGR of 8.19% to reach USD 134.14 billion by 2029.
What is the current Dry Pet Food Market size?
In 2024, the Dry Pet Food Market size is expected to reach USD 90.48 billion.
Who are the key players in Dry Pet Food Market?
Mars Inc, Nestle SA Purina, Colgate-Palmolive Company (Hill's Pet Nutrition, Inc.), The J.M. Smucker Company and Blue Buffalo Company Ltd are the major companies operating in the Dry Pet Food Market.
Which is the fastest growing region in Dry Pet Food Market?
Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dry Pet Food Market?
In 2024, the North America accounts for the largest market share in Dry Pet Food Market.
What years does this Dry Pet Food Market cover, and what was the market size in 2023?
In 2023, the Dry Pet Food Market size was estimated at USD 83.07 billion. The report covers the Dry Pet Food Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dry Pet Food Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dry Pet Food Industry Report
Statistics for the 2024 Dry Pet Food market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dry Pet Food analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Dry Pet Food Market Report Snapshots
