The global pet food market size was USD 632.23 billion in 2022 and is expected to register a rapid CAGR of 5% over the forecast period. Key factors such as rapid urbanization, rising adoption of companion animals across the globe, and growing awareness about the importance of balancing pet nutrition and health are expected to drive global market growth.
Over the years, there has been a rapid increase in the adoption of various types of companion animals due to rapid urbanization and a growing inclination towards pet humanization. Dogs, cats, rodents, birds, fish, and reptiles are some of the common pets seen in most households. Pet owners treat these like their family and take care of their well-being just like humans. One of the most important aspects of pet care is pet nutrition.
Pet food plays a crucial role in ensuring that pets receive sufficient nutrients required to thrive, maintain optimal health, and live long happy lives. Pet food comes in various types such as dry kibbles, canned/wet food, semi-moist, raw, or freeze-dried that is given to each pet depending on its nutritional requirement, age, breed, activity level, and health condition. Pet food ingredients can vary widely depending on the type and brand. Common ingredients that are usually included are meat, poultry, fish, grains, vegetables, fruits, vitamins, and minerals.