The 23rd china international pet show cips 2019, the sole b2b international platform in asia held from nov. This can make it very difficult for clients to book pet services using their phone. From grooming, to training and vet services, petco has you and your large or small pet covered. There has been greater focus on the preventive role of nutrition and food with health benefits, such as functional foods. Apr 14, 2017 a deep dive into the surprisingly vast, occasionally troubled, and suddenly trendy pet food industry. Pet food trays market global industry analysis, share. The shift towards better quality pet food fare has meant a decline in. As investors reassess the prospects for the global economy and financial markets in 2020, trend investors. Mintels pet food market research reports provide a comprehensive and extensive overview of the marketplace including information on the pets market size and pets market share. What is surprising, is the segmentation that now dominates the marketing of dog food, and the variety of nichesectors being pursued fervently by dog food manufacturers and their marketing agents. Heres how the pet food industry has changed with the new trends. Feb, 2020 pet ownership has been on the rise over the last 30 years, increasing from 56%68% of american households. Packaged facts national online consumer survey data identify 1 in 3 of u.
Here are some of the biggest trends weve seen transcend the consumer market into the pet category. It should not be news that dog food is a multibillion dollar industry. Dec 27, 2017 echoing trends in human foods, specialized pet foods offer whole food andor nutraceutical ingredients, such as probiotics, omega fatty acids, glucosamine, fruits and vegetables. In response to consumer trends, the industry increased efforts to produce foods, which possess specific health care abilities. Patterns vary internationally with cultural norms and economic conditions, but general trends toward lower birthrates, smaller families, and growing middleclass populations have revolutionized the attitudes and spending patterns of pet owners, especially in the pet food category. How millennials are rapidly changing the organic pet food. Apr 08, 2020 the pet food aisle is about to grow with dog food made from crickets, serrano bone treats and cat food designed to curtail allergens. Gourmet pet food market global industry analysis, size. Changing consumer demands affecting food trends is mirrored in the pet food evolution. And, being honest, the pet industry in the united states is keeping pet owners happy as well. Pet supplies and trends for animals whether its dogs, cats or any other furry animal, pets have become more of an extension of the family unit than mere animal acquaintance. Did you think meal kit delivery was just for humans. Although this is an extremely complex business, getting in on it may be a very smart move for those who have the inclination. Innovation around protein is considerable as pet food producers launch new products to meet consumer interest in protein.
Functional foods were also imported from other countries such as china, japan and europe. Consumers are looking for products that will contribute to the health and happiness of their pets and cost is not a major consideration. For instance, pet food processing equipment market, global trends and forecast, 20162022, a market research report commissioned by. Ernie ward, ryan bethencourt, and alice oven debunk belief that dogs need meat. Having a dog you surely know the myriad of choices you have when it comes to selecting your dogs food. The pet food market has seen a rise in natural and grainfree products, ingredient transparency, fresh ingredients, and custom foods to combat pets health conditions. According to india pet food market forecast and opportunities. This article identifies some of the newest trends in pet related spending. Grainfree food is currently all the rage in dog foods.
Based on the product type, the market can be divided into wet organic pet food and dry organic pet food. The report observed that the incidence of health issues such as arthritis and skin allergies was rising among pets. Canine nutrition and recent trends within the pet food industry mark poveromo. Europe pet food market growth, trends, and forecast 2020. Consumer demand drives rapid growth in pet food market 201902. The dry pet food led the market in 2016 and is expected to dominate the market in future. According to the latest research report, the global pet food market is further projected to reach a value of usd 128. Caring for a dog can get expensive, especially for those who love to spoil their pets. Economy dry dog food used to be the preferred choice due to its low cost, but as disposable income of the brazilian consumers has increased, they are spending more on convenience, health, and nutrition. Consumer trends in the food industry the drivers of consumer value appear to have fundamentally changed, with far reaching implications for the food and beverage industry. Organic pet food market size, growth industry trends report.
Pet food market size, share, growth, trends and forecast 2020. Europe pet food market analysis of growth, trends, and forecast 2020 2025 the europe pet food market is segmented by product into dry pet food, wet pet food, veterinary diet, treatsnack, liquid food and organic, by animal type into dog, cat, bird, and other animals, by ingredient type into animalderived,plantderived, cereals and cereal derivatives and other ingredient types, by sales. Microtargeted and functional pet foods will keep growing at an aboveaverage clip during in the nearterm, packaged facts forecasts. More millennial pet owners brought up in an increasingly healthconscious u. The premium sector accounted for 40 percent of the 26 billion dollar u. Consumer trends drive pet food development globally. Deep diving into how both consumer lifestyle and packaged goods are evolving as a result of pet fandom, trend hunters pet category tracks everything from diy pet. Organic pet food market size, growth industry trends. There is a vast population who have adopted the trend of keeping pets owing to the nuclear family structure and changing lifestyle. Topics include grainfree diets, functional prescription, raw, freezedried and fresh pet food formulations from the editors of petfood industry magazine. Consumer demand drives rapid growth in pet food market 2019. Increasing consumer awareness regarding natural and organic pet food products has forced the manufacturers to shift their focus from synthetic to natural products which has acted as one of the major forces impacting the global pet food market. Pet food in 2020 and beyond can look to human food trends like. Find the latest articles, studies and news on natural and organic canned, dry and fresh dog and cat foods that use humangrade, certifiedorganic ingredients.
In developed markets, dry pet food demand continues to rise due to its convenience and better pricing as well as consumer awareness as to the health advantages of dry food over wet food. Global industry trends, share, size, growth, opportunity and forecast 20192024. The gourmet pet food market is driven by consumers increasing concerns about the wellbeing of their pets. Hence, pet food industry is focusing on minimally processed, additive nutritional ingredients and more natural foods. As food and beverage companies have been changing their product offerings to accommodate different dietary requests and the desire for more varied products using new and exotic ingredients, pet. The global pet food market size was estimated at usd 83. Providing indepth analysis of the market trends detailed above, as well as a wealth of other information, including. Pet food follows broader human food trends because it must appeal to pet owners who buy it, and these consumers are now expecting the same high standards for their pets food as their own. Pet food quality expectations mirror trends in human food 2020. To your dogs health canine nutrition and recent trends within. Pet food and treats is by far the largest spending category, making up more than 30% of sales. Organic pet food has health benefits on animals such as reduction in skin allergies and aliments, fewer digestive disorders, better overall health, quality life etc. Figure 1 key trends in the us pet food market, 2018 2023 3.
Liz palika succinctly summarizes the ins and outs of dog food. Mintels pets industry reports can help you gain further insight into the pet food market trends and gain valuable pets consumer data. Changing family structures and lifestyles lead to smaller pets, are factors fueling the. Pet food industry witnesses a gradual development with changing trends. Healthy food trends to watch for in 2019 consumer reports. Consumers preferences are constantly changing as they become educated on the latest science behind pet nutrition, with a particular focus on elements such as what is and isnt in pet food, as well as where ingredients are sourced. Arguing that the processed dog foods on the market today ignore the health needs of. Five trends driving the pet food market verdict retail. From decyphering the label, the ingredients, the different types of foods available and what the different major companies have to offer to analysing the ingredients, both good and bad. Everything you want or need to know about dog food. Pet food labeling continues to be an important source of education for pet parentsthis includes conscious ingredient sourcing and an ingredient list that is simple, straightforward and easy to understand. Heres how the pet food industry has changed with the new. For pet specialty retailers, keeping up with the latest trends in dog and cat food can be a real challenge. As consumers change how they feel about their pets, it creates new challenges for pet food manufacturers that must respond to customer.
Mintels pets industry reports can help you gain further insight into the pet food. The advantages associated with dry pet food such as enriching environment and convenience in cleaning teeth have fueled the growth of the product market. This report examines these consumer led disruptions and how they represent an opportunity, even an imperative, for manufacturers and retailers to reposition themselves with. Regarding pet food, this one may seem rather ironic, given the current concerns over legumes and similar ingredients in grainfree pet foods very thinly linked to canine dilated cardiomyopathy.
Consumers are increasingly willing to pay for quality productsand not just for themselvesbut for their pets. This report examines these consumerled disruptions and how they represent an opportunity, even an imperative, for manufacturers and retailers to reposition themselves with. When it comes to food, humans arent the only ones trending toward a slightly more premium product. Also, the consumers are interested in enhancing the taste palette of their pets. Other 2020 human food trends identified by innova that might have insights and ties to pet food include. Ecommerce pet food sales data powered by rakuten intelligence. Euromonitor international presented the state of global pet care.
In addition, trust, value and ethics affect their decisions, depending on each buyers personal beliefs. Consumer demand drives rapid growth in pet food market. The dry pet food segment of the brazilian pet food market is projected to registering a cagr of 7. Shop petco for a variety of pet food, supplies, and services. Pet parents are increasingly seeking better quality food for their furry friends. Deep diving into how both consumer lifestyle and packaged goods are evolving as a result of pet fandom, trend hunters pet category tracks everything from diy pet products to animal advertising and feline videos. There are numerous factors leading to the emergence of organic pet products. Pet food market size, share global industry report, 20192025. Pet humanization is leading to pet food premiumization. Nutraceutical and functional food regulations in the. Brazil pet food market growth, trends, and forecast. A deep dive into the trendyoften troubledpet food industry.
In an organic pet food industry 2018 global market research report it was predicted that the organic pet food market will increase by on average 9. Buy online or instore and save on orders with repeat delivery. As of 2015, 65% of households in the us own at least one pet, and the pet industry is made up of the products and services that keep these pets alive, healthy and happy food, toys, daycare, training, beds, cages, medical services and a lot more. Book recommendations, author interviews, editors picks, and more. Trends and growth opportunities at pijac canadas national pet industry trade show in september 2017. Organic pet food market global industry analysis and. In 2017, the pet food market in canada will continue to grow more dynamically than the previous year, despite a stagnation in the pet population, and boosted by the pet humanisation trend, which increased value sales, as pet owners are willing to spend more on their pets as they consider them an important part of the family. We expect the humanisation trend to continue, as consumer interest in functional and allnatural pet foods are likely to increase. These are just some examples of products, services, and. The future of the pet food industry looks very promising, according to a research report on pet food market predicts that the industry would register a cagr of 4. Pet food market size, share, growth, trends and forecast.
Consumer trends drive pet food development globally beneo conducted a pet food survey among 2,500 respondents in germany, the uk, the us, china and brazil to explore the increasing focus on health and wellness and how this trend is addressed with functional pet food ingredients. Pet food product development goes in cycles, shaped by human food trends, market demands and pet owner concerns. Sales of books and even of oldschool vinyl records are growing and. Organic pet food is a natural food for pet which has to meet the us department of agriculture usda regulations described for organic label. With the global pet care market expected to hit us202. Pet food companies focusing on specialty trends continue to provide market growth opportunities. The organic pet food market size is predicted to grow at a significant cagr during the forecast period. Below are key trends and insights that were highlighted at the show.
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