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Animal And Pet Food Market Poised To Hit $530.43 Billion By 2030 With A 7.8% CAGR
The animal and pet food market has experienced substantial growth in recent years. This market is projected to expand from $367.3 billion in 2025 to $393.18 billion in 2026, achieving a compound annual growth rate (CAGR) of 7.0%. The expansion observed in the past can be attributed to rising pet ownership rates, the proliferation of commercial livestock farming, increased awareness regarding animal nutrition, a surge in packaged animal feed consumption, and improvements in feed processing technologies.
The animal and pet food market is anticipated to experience significant expansion over the coming years. Its valuation is projected to reach $530.44 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.8%. This anticipated growth during the forecast period stems from factors such as a heightened demand for pet food centered on health, a greater embrace of sustainable feed components, the expansion of online pet food sales channels, an increased emphasis on alternative protein sources, and more investments in feed innovation. Key developments expected during this period involve a growing preference for premium pet nutrition, the increased incorporation of functional animal feed ingredients, the proliferation of specialized diet formulations, a stronger focus on ingredient transparency, and improved product customization.
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Animal And Pet Food Market Growth Factors: What’s Supporting Expansion?
The increase in pet ownership is anticipated to drive the expansion of the animal and pet food market moving forward. Pet ownership involves households keeping domesticated animals as companions for emotional support, companionship, and recreation. This growth in pet adoption is primarily fueled by evolving lifestyle patterns and growing urbanization, as urban dwellers increasingly seek emotional connection and stress relief through pets, while remote work arrangements have made it more practical for households to care for animals. Consequently, a surge in pet ownership elevates the demand for animal and pet food, as owners need consistent provisions of nutritious food products to ensure their pets’ health and well-being. Illustratively, data from Shelter Animals Count, a US non-profit, shows that in 2024, overall dog and cat adoptions totaled 4,192,443, which included 2 million dogs and 2 million cats. This represented a modest rise of 0.4 percent, or 17,153 additional adoptions, when compared to 2023. Thus, the growing trend of pet ownership is a key factor boosting the animal and pet food market.
Animal And Pet Food Market Segment Landscape: Which Areas Lead Development?
The animal and pet food market covered in this report is segmented –
1) By Type: Pet Food, Animal Food
2) By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Pet Food: Dog Food, Cat Food, Fish Food, Bird Food, Small Mammal Food
2) By Animal Food: Livestock Feed, Equine Feed, Aquaculture Feed, Specialty Animal Feed
Animal And Pet Food Market Industry Trends: What’s Reshaping Demand?
Major corporations in the animal and pet food market are forming strategic alliances to provide vital Hilucia protein and oil for pets, aiming to enhance their diet and improve their overall health. Strategic partnerships are defined as a process where businesses combine their individual strengths and resources to achieve shared benefits and success. For instance, in August 2024, Innovafeed, a French agro-industrial company that converts organic waste into high-quality insect protein for animal and pet nutrition, collaborated with Jiminy’s and Arch, a US-based pet nutrition company dedicated to producing eco-friendly insect protein items for dogs and cats. Through this collaboration, they intend to create products featuring the HiluciaTM label, which represents performance, sustainability, and precision. This front-of-pack label emphasizes Innovafeed’s approach, highlighting its reduced environmental impact, resulting in at least 50% fewer greenhouse gas emissions compared to traditional protein sources, as well as significant nutritional advantages, including 60% protein and essential fatty acids crucial for optimal pet health.
Animal And Pet Food Market Industry Leaders And Competitive Landscape
Major companies operating in the animal and pet food market are Cargill Incorporated, Nestle S.A., New Hope Liuhe Co.Ltd., Charoen Pokphand Foods PCL, Bunge Limited, Diamond Pet Foods Inc., Mitsui & Co.Ltd., CJ Cheiljedang Corp, LandO’Lakes Inc., J.M.Smucker Company, Hill’s Pet Nutrition Inc., Blue Buffalo Co Ltd., SCHELL & KAMPETER INC., Wellness Pet LLC, Sunshine Mills Inc., Merrick Pet Care, Ainsworth Pet Nutrition, LLC, Simmons Foods Inc., Tuffy’s Pet Foods Inc., Natures Menu Ltd., American Nutrition Inc., Alphia, ADM Animal Nutrition Inc., NutriSource Pet Foods, Mid America Pet Food, KENT Corporation, KLN Family Brands, Nurture Farms, United Pet Group Inc., Eagle Mountain Pet Food, VICTOR premium pet food, Royal Canin SAS, Iams pet food, Eukanuba
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Animal And Pet Food Market Geographic Spread And Regional Opportunities
Asia-Pacific was the largest region in the animal and pet food market in 2025. Western Europe was the second-largest in the animal and pet food market. The regions covered in the animal and pet food market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
