![Global Organic Pet Food Market](https://res.cloudinary.com/devmoveo/image/upload/v1708343463/skyquest/gallery/Global-Organic-Pet-Food-Market.jpg)
Report ID: SQMIG30I2385
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 Billion in 2022 and is poised to grow from USD 12 Billion in 2023 to USD 24 Billion by 2031, at a CAGR of 9% 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.
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Report ID: SQMIG30I2385