Latest 2021 Developments
North America Pet Food Market has seen the latest developments which include the introduction of functional pet food. Customers’ interest in natural formulations has encouraged companies to further expand their product mix by launching products with natural ingredients. By new packaging material and shapes, pet food manufacturers are trying to convey the premium nature of the product through new package design. With the result of these plastic containers and laminates are becoming more popular. Now the moist food is packaged in retort pouches or plastic trays with peelable lids instead of metal cans. Manufacturers are also developing premiums foods that contain higher quality ingredients than the other economy or generic pet foods and are free of artificial colors, textures, antibiotics, synthetic hormones, poisonous pesticides, and preservatives. In addition to this, numerous cases of diabetes, high blood pressure and arthritis have been reported in dogs across the region. As a result, veterinarians have started recommending low-calorie and value-added dog food products to the owners, thereby prompting manufacturers to expand their product offerings.
Mergers and Acquisitions:
- On January 4, 2021, United Raw Pet Foods Inc announced that it had acquired Growlies Pet Foods Inc.
- In April 2021, ADM acquired Golden Farm Production & Commerce Company Ltd.
- In August 2021, Primal Pet Foods announced that it had been acquired by private investment firm Kinderhook Industries, LLC.
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The North America pet food market is growing as the tendency of consumers to humanize is rising nowadays. Increasing pet ownership, the emergence of private label store brands, rising disposable incomes as well as growing urbanization are some of the factors driving the demand for the pet food market in the North America region.
According to 6Wresearch, North America Pet Food Market size is projected to witness significant growth during 2019-25. North America holds the maximum revenue share of the pet food industry due to pet-friendly policies in hotels and the travel industry. Additionally, initiatives by pet food manufacturers such a Mars has recently started a campaign “Better Cities for Pets” to make American cities more pet friendlier. These initiatives would further drive the demand for the pet food market in the region over the coming years.
Due to the affordability and portability, dry food is more popular in North America. Dry food also helps to maintain the oral hygiene of the pets. Dog food dominates the market as around 37% of households’ own dogs as compared to the cat ownership rate of around 30%. By region, the United States is the largest, and rapidly evolving pet food market of the region, accounting for over 75% of the North American market. According to The American Pet Product Association, 2018 pet ownership survey, 68% of US households own a pet
The North America pet food market report thoroughly covers the market by pet types, product types, ingredient types, distribution channels, and countries including the US, Canada, and the rest of North America. The North America pet food market outlook report provides an unbiased and detailed analysis of the on-going North America pet food market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
North America pet food market is analyzed for the market as the main factors responsible for the proliferation of the market because a large number of people are willing to adopt the pet and that's the main reason the demand for pet food is increased. While analyzing the market the consumer is a demand for organic and healthy pet food. The dry dog food segment-leading more in the country. In North America, the pet food market related to dog food refers to which dog can consume and dog get all the nutritional needs. Most of the dog food is made up of store-bought and mixed with the feed grade ingredients and that is available in the wet, semi-moist, dry form. The diet of the dog is a mixture of vitamins, fats, proteins, carbohydrates, minerals, and water. While absent of the nutrition from the dog food unable to fight off infection, maintain their build, repair teeth and bones, perform daily activities.
The North America pet food market is going to be driven by many factors. In the region increased in the trends of the pet in the premiumization and humanization has been the prime factor of the growth in the dog food market. Now a day the pet owners come to know about the pet dietary requirement and they demand the high quality of the food product. In addition, report the cases of high blood pressure, diabetes, and arthritis are occur in the dog region. By the prompting manufacturer's product that is expand by offerings, veterinarians are started recommending the low-calorie and dog-related value-added food product recommending to the owners of the pet. By growing the dog shelters its help in improving the health of the dog and it helps in fueled the demand for dog food in many regions.
The upcoming latest report is provided by the North America pet food market its recovered the many essential aspects. The range of the micro details, SWOT analysis, key market drivers, value chain analysis, Porter’s five forces analysis, etc. In any manner, the North America dog food is planning for the researchers, must-read for entrepreneurs, consultants related to the pet food.
North America pet food market is estimated to witness growth in the upcoming six years on the back of a rise in the health concerns of pets is expected to benefit the substantial growth of the market backed by providing their pets a nutritional food consisting accurate amounts of fats, proteins, and vitamins required for the growth of pets which tends to drive significant demand for pet food. Additionally, North America pet food market is estimated to register sound revenues owing to rise in the need for a long and healthy life of pets by providing them organic food with no harm for the pet’s body and is expected to increase demand for pet food and would boost the growth of North America pet food market in coming years.
Key Highlights of the Report:
- North America Pet Food Market Overview
- North America Pet Food Market Outlook
- North America Pet Food Market Forecast
- Historical Data of North America Pet Food Market Revenues & Volume for the Period 2015-2018
- North America Pet Food Market Size and North America Pet Food Market Forecast of Revenues & Volume, Until 2025
- Historical Data of North America Pet Food Market Revenues and Volume, By Pet Types, for the Period 2015-2018
- Market Size & Forecast of North America Pet Food Market Revenues and Volume, By Pet Types, Until 2025
- Historical Data of North America Pet Food Market Revenues and Volume, By Product Types, for the Period 2015-2018
- Market Size & Forecast of North America Pet Food Market Revenues and Volume, By Product Types, Until 2025
- Historical Data of North America Pet Food Market Revenues and Volume, By Distribution Channels, for the Period 2015-2018
- Market Size & Forecast of North America Pet Food Market Revenues and Volume, By Distribution Channels, Until 2025
- Historical Data of North America Pet Food Market Revenues and Volume, By Ingredient Types, for the Period 2015-2018
- Market Size & Forecast of North America Pet Food Market Revenues and Volume, By Ingredient Types, Until 2025
- Historical Data of The United States Pet Food Market Revenues and Volume, for the Period 2015-2018
- Market Size & Forecast of the United States Pet Food Market Revenues and Volume, Until 2025
- Historical Data of Canada Pet Food Market Revenues and Volume, for the Period 2015-2018
- Market Size & Forecast of Canada Pet Food Market Revenues and Volume, Until 2025
- Market Drivers and Restraints
- North America Pet Food Market Price Trends
- North America Pet Food Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- North America Pet Food Market Share, By Countries
- North America Pet Food Market Share, By Players
- North America Pet Food Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The North America pet Food market report provides a detailed analysis of the following market segments:
- By Pet Types:
- Dog
- Cat
- Birds
- Aquaria
- Others
- By Product Types:
- Dry Pet Food
- Wet Pet Food
- Canned Pet Food
- Snacks and Treats
- Other
- By Ingredient Types:
- Animal Derived
- Plant-Derived
- Other ingredient types
- By Distribution Channels:
- Wholesaler
- Specialized Pet shops
- Retailer
- Online
- Other
- By countries:
- United States
- Canada
- Rest of North America
Other Key Reports Available:
- Canada Pet Food Market Report
- United States Pet Food Market Report
