Pet Food Market Size, Share, Growth Analysis, By Pet Type(Dogs, Cats, Others), By Food Type(Dry Food, Wet Food, Treats & Snacks and Others), By Sales Channel(Supermarkets & Hypermarkets, Specialized Pet Shops, Online Sales Channel and Others), By Region - Industry Forecast 2024-2031

Global Pet Food Market size was valued at USD 95.1 Billion in 2022 poised to grow from USD 99.1 Billion in 2023 to USD 139.29 Billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031). 

Some of the main drivers propelling the market growth include the rise in per capita disposable income, the tendency towards more nuclear households, and the quickening pace of humanization. Pet parents typically use packaged nutritional food to ensure that their pets are getting enough nutrients. Compared to other animals like cats, fish, birds, and reptiles, dogs are more commonly kept as pets. The pet food producers now have a profitable chance to provide a broad range of dog food items. Most people consider their pets to be members of their families, and most pets are dogs and cats. 

Smaller dogs are most suited to the lifestyles of residents in many regions who live in small apartments. As most people decide against having children, there is a growing tendency to employ dogs as stand-ins, which has led to the pampered pet industry. The primary causes promoting pet adoption globally are an increase in the number of elderly couples and DINK (dual income, no kid) families, as well as increased disposable money. The number of people who are separated from their pets has increased significantly, which is one of the main factors influencing the nation's pet food consumption.