USD 2 Billion
Report ID:
SQMIG30I2385 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
121
|Figures:
77
Global Organic Pet Food Market size was valued at USD 2.0 billion in 2022 and is poised to grow from USD 2.1 billion in 2023 to USD 3.8 billion by 2031, growing at a CAGR of 7.5% during the forecast period (2024-2031).
The global organic pet food market has been notably rising in recent times, as the number of pet owners is increasing at a rapid pace. Pet owners are highly empathetic and conscious about their pet’s needs and requirements. As these consumers become more and more aware about the health and well-being of their pets, this market grows. Awareness has increased not only about the well-being of the pet, but also how food is sourced, becoming environmentally aware, and sustainable in their way of living. Rising living standards and increased disposable income of pet owners is also a driving factor in this shift. Responding to this behavior shift in consumers, many companies have also responded with new organic food products. Social media marketing has been a very big driver in this market’s growth. The pet food industry also must abide by certain regulations. As consumers prefer more organic options, these regulatory bodies are enforcing newer and clearer standards on organic pet food.
Global Market Size
USD 2 Billion
Largest Segment
Dogs
Fastest Growth
Cats
Growth Rate
9% CAGR
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Global Organic Pet Food Market is segmented by Pet Type, Pet Life Stages, Pet Size, Packaging Type, Flavour, Distribution Channel and region. Based on Pet Type, the market is segmented into Dogs, Cats, Fish, Birds, Others. Based on Pet Life Stages, the market is segmented into Adult Pet, Kitten/Puppy, Others. Based on Pet Size, the market is segmented into Small, Medium, Large. Based on Packaging Type, the market is segmented into Raw, Powdered, Dry & Dehydrated, Liquid & Gravy, Canned, Frozen & Freeze-Dried, Others. Based on Flavour, the market is segmented into Unflavoured, Flavoured (Bacon & Beef, Chicken & Duck, Cheese, Cod & Fish, Egg, Fruit & Berries, Lamb & Pork, Liver, Mint, Peanut Butter, Salmon, Shrimp, & Seafood, Others). Based on Distribution Channel, the market is segmented into Hypermarkets/Supermarkets, Convenience Stores, Discount Stores, Online Retail, Others Retail Formats. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis By Pet Type
The segment, which is dominant, based on the Pet type is that of Dog. Dogs are generally the most popular pets, followed by cats. Dogs are known to be good for mental wellbeing, for relieving anxiety and stress and for promoting good cardiovascular health. In addition to this, service dogs can follow commands, and serve as invaluable companions for any person with disability. This segment is also projected to boost in the future due to all these factors.
The fastest-growing segment of the organic pet food market is that of Cats. Increasing number of single or dual person households are adopting a pet. Since cats are smaller, they are rapidly becoming the choice for people living in flats or rented apartments. This is the reason for the growth of the Cat segment in the organic pet food market.
Analysis By Pet life stage
The Adult pet food section is the largest market segment in the organic pet food industry. Adult pets represent a significant portion of the global pet population. This leads to the high demand for adult pet food in the market, in terms of sales volume.
The fastest growing segment is the Puppy/ Kitten food as pet adoption rates have gone up all over the world. According to Forbes, over 1.5 million pets were adopted in 2023 from shelters alone, who reported. More adoption also takes from backyard breeders, streets, etc. High adoption rates have driven the requirement for puppy/kitten food.
Analysis By Type
The dry food segment dominates the organic pet food industry. This segment consists of dry, baked, or dehydrated food products, which have very low moisture content. Both manufacturers and pet owners prefer dry pet foods, as this offers convenience of long-term storage, being cost effective.
The fastest-growing segment is the wet segment in the organic pet food market. Wet foods are so called as they have high moisture content, about 60-85% of their weight. They also contain high levels of meat and meat by-products. Wet organic foods are much more appetizing for pets, and hence the significant growth of this segment.
Analysis By Distribution Channel
The hypermarket/supermarket owns the largest market share in the organic pet food industry. They provide a wide range of food products as per the pet owner’s need. This sector continues to grow, as multiple key players have been seen consolidating to provide increased convenience for pet owners, and reduce competition, hence driving the growth of this segment.
The fastest growing market segment, however, is the online channel of distribution. Supermarkets and Hypermarkets like Walmart, Food Hall, etc. have also started their own online applications for shopping organic pet food. Online marketplaces also allow small sellers to reach a vast number of consumers. All of these are the driving factors for the rapid growth of online retail segment in the organic pet food industry.
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The dominating region in the global Organic Pet Food market is North America & Canada, which holds a significant market share. The dominance of this region is largely due to the high rate of pet ownership, high standards of living and strong pet humanization trends. Pet owners in the USA are getting more environmentally conscious. Moreover, multiple key players in this market have started offering innovative organic pet food products. For example, organic smoked salmon with freeze-dried farm vegetables has been launched as a premium jerky treat, which offers organic smoked salmon with USDA certification with high meat protein content.
The fastest growing organic pet food market has been the European region. There is an increasing pet adoption trend, along with shift to healthier pet food options. Further, Europe is also considered a major market of quality-driven pet food. Organic chicken and vegetable dry food products for pets are gaining traction in the UK market. These products are hypoallergenic and grain-free. Brands like Lily's Kitchen provide delicious vegetable dry food and organic chicken recipe to consumers with added prebiotics to enable healthy digestion in pets.
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Drivers
Increasing Consumer Awareness
E-commerce & Social Media Influence
Restraints
Cost of Organic Foods
Stringent Certification Requirements
Short Shelf Life
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The organic pet food market is dynamic, with the existence of several key players who are competing for market share. The market has also seen rise in several small-scale, new entities, and specialized brands. Key organic pet food manufacturers are investing in joint ventures, partnerships, mergers, and acquisitions. They are also investing heavily on research and innovation for new product lines. Established players are focussing on supply of best quality pet food made from natural and wholesome ingredients simultaneously emphasizing on sustainable methods of procurement of the raw ingredients. The organic pet food industry is still a growing market, and heavily dependent on product innovation, effective marketing, and an understanding of pet owners' changing needs and preferences.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global organic pet food market analysis, there are several factors like rising pet ownership, awareness among pet owners, increasing disposable income, etc. which shape this industry. Pet owners are increasingly giving importance to the kind of nutrition their pets have, and as dogs are the most common pets, this also contributes to having the dominant share in the market. Adult organic pet food is the most demanded segment from pet owners. Both pet owners and industry players prefer dry pet food, although there is a tremendous growth seen in the wet food segment too. Supermarkets are selling most of the organic pet foods and treats in this market, but online and social media marketing have turned out to be the fastest growing distribution. North America remains the largest market, whereas the European region is the rapidly growing one. The landscape of this market shows very close competition between leading players, although a number of small-scale producers are also joining the market. One significant trend that is shaping the future of the need for abiding by rules and regulations of authorities, and obtaining certifications to sell organic pet food, labelled as such. The pet accessory market is still growing, with numerous players catering to the various needs and preferences of pet owners globally. Key market players need to continuously research and innovate to bring in novel organic food products, while incorporating sustainable method of procurement of the raw materials to stay relevant in this industry.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.0 billion |
Market size value in 2031 | USD 3.8 billion |
Growth Rate | 7.5% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Organic Pet Food Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Organic Pet Food Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Organic Pet Food Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Organic Pet Food Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30I2385
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