Market by Animal Type, Food Type, Distribution Channel, and Country Outlook | Forecast 2023-2030
Triton Market Research’s report indicates that the North American pet food market is likely to progress with a 7.27% CAGR in the forecast period from 2023 to 2030.
The countries analyzed in this region include:
• Canada
• The United States
The
United States is the leading market in the region, accounting for the highest
revenue in 2022. The growing humanization of pets, improved
quality of pet food, and the demand for organic pet foods are the main growth
drivers in North America.
On the other hand,
there are very strict regulations regarding food packaging and safety imposed
on manufacturers in the region, which creates challenges in the path of growth.
Moreover, the additional costs incurred due to labeling and packaging
regulations further hinder the market growth in North America.
With the humanization
and premiumization trends in the United States, pet owners are willing to
purchase expensive foods for their furry friends. In fact, Americans generally
consider their pets as beloved members of the family, and thus, many try to reduce
other expenses before switching to cheaper pet food products.
The cost of pet food is
often an essential part of many people’s monthly budgets, rather than a
flexible “luxury” expense. It is anticipated that several brands will benefit
from these trends, which will contribute to the growth of the market in the US.
The increased demand
for pet food in the Canadian market can be attributed to increased pet adoption,
increasing pet humanization, and the demand for premium foods due to rising
disposable income. Besides, the increasing emphasis on pets’ health and
wellness has increased the demand for healthier & organic foods, thus
creating lucrative opportunities for manufacturers in this market.
Store-based
distribution channels are the traditional ways of buying pet food. Pet food
stores comprise hypermarkets, supermarkets, and specialty stores. People purchase
pet food from stores relying on their credibility. Also, physical stores are largely
preferred by pet owners as they can make their purchase decisions by looking at
the product. In addition, a variety of pet supplies and accessories are sold in
these places.
Triton’s
report assesses the market based on distribution channel, animal type, and food
type. Here, the distribution channel segment
comprises store-based, veterinary, e-commerce, and other distribution channels.
The
noteworthy players in the pet food market include Mars Petcare Ltd, Hill’s Pet
Nutrition Inc, Wellness Pet Company, Champion Petfoods LP, and Unicharm
Corporation.
Champion Petfoods LP is
a reputed pet food manufacturer. It offers frozen and dry foods for dogs and
cats. The company offers its products under a range of brands, such as Acana -
Rescue Care, Puppy Recipe, Light & Fit, Free Run Recipe, Acana - First
Feast, Bountiful Catch, Homestead Harvest, Indoor Entrée, Meadowlands, and Wild
Atlantic, among others. Champion Petfoods was established in 1985 in Edmonton,
Canada, and supplies its products across North America.
Key deliverables of the report:
·
Market
CAGR during the forecasting years 2023-2030
·
Detailed
data highlighting key insights, industry components, and market strategies
·
Comprehensive
information and estimation of the pet food market revenue growth in North
America and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces Analysis Model
·
A
wide-ranging study of factors that will challenge the North America pet food
market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. NORTH
AMERICA PET FOOD MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE PET FOOD MARKET
2.1.1. COVID-19
IMPACT ON THE PET FOOD MARKET
2.1.2. UKRAINE-RUSSIA
WAR IMPACT ON THE PET FOOD MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
MATURITY ANALYSIS
2.4. INDUSTRY
COMPONENTS
2.4.1. RAW
MATERIAL SUPPLIERS
2.4.2. MANUFACTURERS
2.4.3. DISTRIBUTION
CHANNELS
2.4.4. END-USERS
2.5. REGULATORY
FRAMEWORK
2.6. KEY
BUYING IMPACT ANALYSIS
2.6.1. PRODUCT
TYPE
2.6.2. PRODUCT
QUALITY
2.6.3. PRICE
2.6.4. BRAND
2.6.5. PACKAGING
2.7. KEY
MARKET STRATEGIES
2.7.1. PRODUCT
LAUNCHES
2.7.2. ACQUISITIONS
2.8. MARKET
DRIVERS
2.8.1. HIGH
DEMAND FOR PREMIUM AND ORGANIC PET FOOD
2.8.2. INCREASED
SPENDING ON PET FOOD
2.8.3. RISING
DEMAND FOR THERAPEUTIC PET FOOD
2.8.4. ESCALATING
GROWTH OF E-COMMERCE AS A DISTRIBUTION CHANNEL IN THE PET FOOD MARKET
2.9. MARKET
CHALLENGES
2.9.1. DECEPTIVE
CLAIMS BY MANUFACTURERS REGARDING INGREDIENTS LEADING TO PET OBESITY
2.9.2. PRODUCTION
AND SUPPLY CHAIN THREATS
2.10. MARKET
OPPORTUNITIES
2.10.1. DESIRE
FOR SUSTAINABLE AND VALUE-DRIVEN BRANDS
2.10.2. HUMANIZATION
OF PETS
2.10.3. GROWING
AWARENESS REGARDING THE HEALTH BENEFITS OF SUPPLEMENTS
2.10.4. GROWING
PET ADOPTION ACROSS THE GLOBE
2.11. ANALYST
PERSPECTIVE
3. NORTH
AMERICA PET FOOD MARKET OUTLOOK – BY ANIMAL TYPE
3.1. DOGS
3.1.1. WET
DOG FOOD
3.1.2. DRY
DOG FOOD
3.1.3. TREATS
& MIXES FOR DOGS
3.2. CATS
3.2.1. WET
CAT FOOD
3.2.2. DRY
CAT FOOD
3.2.3. TREATS
& MIXES FOR CATS
3.3. OTHER
ANIMAL TYPES
4. NORTH
AMERICA PET FOOD MARKET OUTLOOK – BY FOOD TYPE
4.1. WET
FOOD
4.2. DRY
FOOD
4.3. OTHER
FOOD TYPES
5. NORTH
AMERICA PET FOOD MARKET OUTLOOK – BY DISTRIBUTION CHANNEL
5.1. STORE-BASED
5.2. E-COMMERCE
5.3. VETERINARY
5.4. OTHER
DISTRIBUTION CHANNELS
6. NORTH
AMERICA PET FOOD MARKET – COUNTRY OUTLOOK
6.1. UNITED
STATES
6.1.1. UNITED
STATES PET FOOD MARKET FORECAST & PROSPECTS
6.2. CANADA
6.2.1. CANADA
PET FOOD MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. BLUE
BUFFALO PET PRODUCTS INC
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY
STRENGTHS
7.1.4. KEY
CHALLENGE
7.2. CHAMPION
PETFOODS LP
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGE
7.3. DIAMOND
PET FOODS
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY
STRENGTH
7.3.4. KEY
CHALLENGE
7.4. FARMINA
PET FOODS
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY
STRENGTH
7.4.4. KEY
CHALLENGE
7.5. HILL’S
PET NUTRITION INC
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY
STRENGTHS
7.5.4. KEY
CHALLENGES
7.6. INABA
FOODS CO LTD
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY
STRENGTH
7.6.4. KEY
CHALLENGE
7.7. MARS
PETCARE LTD
7.7.1. OVERVIEW
7.7.2. FINANCIAL
ANALYSIS
7.7.3. PORTFOLIO
7.7.4. KEY
STRENGTHS
7.7.5. KEY
CHALLENGE
7.8. NESTLE
PURINA PETCARE
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGE
7.9. UNICHARM
CORPORATION
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGE
7.10. WELLNESS
PET COMPANY
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.10.3. KEY
STRENGTHS
7.10.4. KEY
CHALLENGE
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: NORTH AMERICA
PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: REGULATORY
FRAMEWORK
TABLE 3: LIST OF
PRODUCT LAUNCHES
TABLE 4: LIST OF
ACQUISITIONS
TABLE 5: NORTH AMERICA
PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 6: NORTH AMERICA
PET FOOD MARKET, BY DOGS, 2023-2030 (IN $ MILLION)
TABLE 7: NORTH AMERICA
PET FOOD MARKET, BY CATS, 2023-2030 (IN $ MILLION)
TABLE 8: NORTH AMERICA
PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 9: NORTH AMERICA
PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 10: NORTH AMERICA
PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
FIGURE 1: MARKET MATURITY ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: NORTH AMERICA PET FOOD MARKET, BY ANIMAL TYPE, 2022 & 2030
(IN %)
FIGURE 5: NORTH AMERICA PET FOOD MARKET, BY DOGS, 2023-2030 (IN $
MILLION)
FIGURE 6: NORTH AMERICA PET FOOD MARKET, BY WET DOG FOOD, 2023-2030 (IN $
MILLION)
FIGURE 7: NORTH AMERICA PET FOOD MARKET, BY DRY DOG FOOD, 2023-2030 (IN $
MILLION)
FIGURE 8: NORTH AMERICA PET FOOD MARKET, BY TREATS & MIXES FOR DOGS,
2023-2030 (IN $ MILLION)
FIGURE 9: NORTH AMERICA PET FOOD MARKET, BY CATS, 2023-2030 (IN $
MILLION)
FIGURE 10: NORTH AMERICA PET FOOD MARKET, BY WET CAT FOOD, 2023-2030 (IN
$ MILLION)
FIGURE 11: NORTH AMERICA PET FOOD MARKET, BY WET FOOD, 2023-2030 (IN $
MILLION)
FIGURE 12: NORTH AMERICA PET FOOD MARKET, BY TREATS & MIXES FOR CATS,
2023-2030 (IN $ MILLION)
FIGURE 13: NORTH AMERICA PET FOOD MARKET, BY FOOD TYPE, 2022 & 2030
(IN %)
FIGURE 14: NORTH AMERICA PET FOOD MARKET, BY WET FOOD, 2023-2030 (IN $
MILLION)
FIGURE 15: NORTH AMERICA PET FOOD MARKET, BY DRY FOOD, 2023-2030 (IN $
MILLION)
FIGURE 16: NORTH AMERICA PET FOOD MARKET, BY OTHER FOOD TYPES, 2023-2030
(IN $ MILLION)
FIGURE 17: NORTH AMERICA PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2022
& 2030 (IN %)
FIGURE 18: NORTH AMERICA PET FOOD MARKET, BY STORE-BASED, 2023-2030 (IN $
MILLION)
FIGURE 19: NORTH AMERICA PET FOOD MARKET, BY E-COMMERCE, 2023-2030 (IN $
MILLION)
FIGURE 20: NORTH AMERICA PET FOOD MARKET, BY VETERINARY, 2023-2030 (IN $
MILLION)
FIGURE 21: NORTH AMERICA PET FOOD MARKET, BY OTHER DISTRIBUTION CHANNELS,
2023-2030 (IN $ MILLION)
FIGURE 22: NORTH AMERICA PET FOOD MARKET, COUNTRY OUTLOOK, 2022 &
2030 (IN %)
FIGURE 23: UNITED STATES PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 24: CANADA PET FOOD MARKET 2023-2030 (IN $ MILLION)