Pet Meals Market Size, Share, Industry, Forecast and outlook (2024-2031)

Pet Meals Market is segmented By Meal Type (Dry Meal, Canned Meal, Others), By Animal Type (Dogs, Cats), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Pet Meals Market Size

The Global Pet Meals Market US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 9.34% during the forecast period (2023-2030).

Pet meal is a specialty food made just for domesticated animals that are specially formulated to meet their dietary requirements. Meat, meat by-products, cereals, grains, vitamins, and minerals are typically included in pet food. For instance, glucosamine, a component of cartilage tissue, is naturally present in chicken meals.

Pet Meals Market Scope

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Pet Meals Market Dynamics

Increased pet ownership in developing economies to support market growth

One of the main drivers of the market is expected to be the rising prevalence of pet ownership worldwide, particularly in developing regions. The rate of market growth is being further accelerated by increasing urbanization and pet humanization, which encourage pet owners to choose wholesome and premium food for their animals. Consumers are being encouraged by the rise in per capita income to spend money on organic and healthy pet food products to improve the health of their pets. Additionally, the ease with which goods in a variety of price ranges are available is helping the global market to expand. Customers can choose from a variety of options and financial situations.

Customized pet meals are surging the market forward globally

Personalized pet meal products are gaining popularity in developed markets and are anticipated to do the same in developing markets in the coming years. As pet owners become more aware of the food they are feeding their animals, there is a lot of potentials for the personalization of pet meal products to increase significantly. Since pet owners prefer to have more control over the ingredients used in the preparation of pet meal products, brands or businesses that provide specially formulated and customized meal products for pet animals have a huge growth opportunity. Additionally, there are a lot of potential uses for customized meal products because some of them are effective in treating specific pet conditions like obesity, dry skin, and others.

Pet food regulations that are too strict will limit market expansion

Pet meal is one of the food items with the strictest regulations, particularly in western markets. Pet animal foods are rigorously scrutinized in developed markets at every step, from the ingredients used to prepare the food to its sale and marketing. A significant barrier to the market's expansion may be the high standards associated with commercialization. The market's expansion may also be hampered by some developing markets' lower acceptance of premium or expensive pet foods.

Pet Meals Market Segment Analysis

The global pet meals market is segmented based on meal type, animal type, and region.

Increasing demand for pet dogs

Dogs are widely preferred as pets around the world, which is a significant factor in the animal's dominance in the market. Moreover, the market for natural and higher-quality dog meals is being driven by the high costs associated with the upkeep and welfare of dogs. The introduction of dog treats and nutrient-dense food has also been a major contributor to the segment's growth.

Source: DataM Intelligence Analysis (2023)

Global Pet Meals Market Geographical Share

The widespread adoption of pets in North America

The North American region is anticipated to continue to dominate the market throughout the forecast period. North America controls the majority of the global market. One of the primary causes of the region's dominance is the widespread adoption of pets in American households. 85 million households in the United States, or about 67% of all households in the country, own pets, according to a survey by the American Pet Products Association (APPA). Pet humanization in North America is being widely adopted and is being embraced with a positive attitude by consumers, which is boosting the market for wholesome pet meal products.

Source: DataM Intelligence Analysis (2023)

Pet Meals Market Companies

The major global players include The J.M. Smucker Company, The Hartz Mountain Corporation, Mars Incorporated, Hill’s Pet Nutrition, Inc, Nestlé Purina, Lupus Alimentos, Total Alimentos SA, Blue Buffalo Pet Products, Inc., WellPet LLC, and Diamond Pet Foods.

Key Developments

• On December 21, 2022, Mankind Pharma announced that it was expanding its selection in the pet food industry and introducing PetStar Dog Food. Mankind Pharma hopes to establish PetStar as a well-liked, delectable, nourishing, and healthy pet food brand by entering the pet food industry (dogs and cats). 
• On August 18, 2022, Wiggles introduced Dog food EveryDawg, expanding its line of products. All dog breeds can eat the tasty and wholesome dry food for dogs called EveryDawg, which is free of sugar and gluten. EveryDawg is a carefully crafted dog food that comes in three varieties: Mother and Puppy, Puppies, and Adult Dogs, to meet the daily nutritional requirements of dogs at different stages of life. 
• On October 26, 2022, Boomerang, debuted two new items. It provides treats and related goods in addition to wet and dry pet food for dogs and cats. Its products stand out for their high meat content, lack of additional cereals, gluten, and artificial colorings, as well as their high vitamin content. 

Why Purchase the Report?

• To visualize the global pet meals market segmentation based on meal type, animal type, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous pet meals market-level data points all for segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global pet meals market report would provide approximately 53 tables, 48  figures and 101 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies