According to a new report published by Allied Market Research, titled, “Organic Pet Food Market,” The organic pet food market size was valued at $18.7 billion in 2021, and is estimated to reach $29.2 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.
There is a rise in popularity of organic pet food as a result of the greater humanization of pets and results high spending on pet products. Pet owners who buy organic products are adopting the same buying habits as people. They want clean label organic pet foods in order to avoid the negative effects of the synthetic and chemical ingredients included in commercial pet food.
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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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There is a rise in demand for organic and natural pet food as a result of shifting consumer perceptions towards pet health. One of the factors which drive the growth of the organic pet food market is the rise in trend of the nuclear family. Another factor influencing the rise in demand for organic pet meals is an increased knowledge of pet health. Besides, there is a rise in demand for organic pet meals as pet adoption and humanization rates rise throughout the world. The market for organic pet foods is expanding due to rise in advertisements, campaigns to raise awareness of pet health issues, and celebrity endorsements. The demand for and expansion of the global organic pet food market are also being fueled by rise in disposable income and shifting consumer lifestyles.
Regional Outlook:
The region that dominated the global organic pet food market in 2021 was North America, and this dominance is anticipated to continue throughout the forecast period. The Asia-Pacific region is expected to experience the fastest growth during the forecast period. The Asia-Pacific region’s growing urbanization and connectivity projects are major drivers of the organic pet food market.
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The COVID-19 pandemic had a positive and negative impact on the organic pet food market growth. The supply chain disruption had a negative impact, while the increase in adoption of pets had a positive impact on the organic pet food market.
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