The Global Organic Pet Food Market size was valued at $18.7 billion in 2021, and is projected to reach $29.2 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031. Global “Organic Pet Food Market” Report 2022 highlights various dynamic trends, industry segments detail with other important factors like industry size, share and growth.The Global Organic Pet Food Market is experiencing a significant growth, and will grow considerably in next few years.The COVID-19 pandemic had a both positive and negative impact on global organic pet food market due to supply chain disruptions. But the removal of lockdowns is expected to expand the market in the coming years.
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The major players analyzed for the organic pet food industry are Avian Organics, Biopet Australia, Cargill, Diamond Pet Foods, Evanger’s Dog & Cat Food Company, Inc., Harrison’s Bird Foods, Hill’s Pet Nutrition, Lily’s Kitchen, Mars Inc., Natural Pet Food Group, Nestle, Newman’s Own, Oxbow Animal Health, Party Animal, and PetGuard. Key players operating in the organic pet food market have adopted product launch, business expansion, and mergers & acquisitions as key strategies to expand their organic pet food market share, increase profitability, and remain competitive in the market.
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On the basis of region, North America dominated the market with the largest share during the forecast period. The regional demand for organic pet food is primarily being fueled by growth in consumer knowledge of the positive effects on pet health as well as the trend toward humanizing pets. Market expansion is also anticipated to be supported by the growth in trend of pet adoption among millennials.
There is a rise in the popularity of pet ownership in developing nations like India, Bangladesh, Iran, and other places as well, outside of established nations like the U.S., the UK, and Australia. People in these countries are able to own pets and give them the highest quality of life because to the rapid rise in personal disposable income. Pet food sales climbed by 9% in 2018 due to the 28 million pets owned by Mexico alone. In addition, the market for organic pet food in South East Asia is expanding significantly due to the rise in pet ownership. For instance, the pet population of India increased from 10 million in 2010 to more than 17 million in 2018. The acceptability of pets has grown across all economic categories as a result of improvement in the lives of the consumers and rise in incomes in developing nations.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the organic pet food market analysis from 2021 to 2031 to identify the prevailing organic pet food market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the organic pet food market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global organic pet food market trends, key players, market segments, application areas, and market growth strategies.
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