NEWARK, Del, Aug. 17, 2022 (GLOBE NEWSWIRE) -- The global natural pet food market is set to witness growth at a CAGR of 4.8% from 2022 to 2032 and is anticipated to reach a valuation of around US$ 21.5 Bn by 2032.
Natural pet food is composed of organic ingredients that are free of synthetic pesticides, fertilizers, antibiotics, artificial coloring, and chemical by-products to lower allergies, skin problems, and digestive issues in pets. It also enhances immunity, life expectancy, and weight stability of pets.
Increasing awareness among consumers regarding negative effects of synthetic pet food on the health of pets and rising pet anthropomorphism are anticipated to drive the global market. In North America and Europe, many pet owners consider their pets to be family members and thus human-grade proteins are often fed to pets.
Pet owners are becoming more conscious of their pets' health and placing a greater emphasis on the food's safety and nutritional efficacy. Owing to the expanding pet population around the world, the market is expected to grow during the forecast period.
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However, high cost of natural pet food and lack of knowledge about organic food among pet owners residing in developing countries are hindering growth in the global natural pet food industry.
Key Takeaways: Natural Pet Food Market
- Based on pet type, the dogs segment is anticipated to account for over 50% of the global natural pet food market share over the forecast period.
- The North America natural pet food market is expected to witness lucrative growth at a CAGR of 5.9% during the forecast period.
- By product type, the wet and canned pet food segment is likely to account for 2/5th of the global natural pet food consumption through 2032.
- Based on source, the animal derived segment is expected to hold a market share of over 40% in the forecast period.
- The global natural pet food market grew at a CAGR of roughly 4.3% over the last half-decade.
“Rising adoption of unique advertising techniques by key players and increasing launch of pet health awareness campaigns by government bodies are likely to drive sales of natural pet food in the next decade,” says a Future Market Insights analyst.
Competitive Landscape: Natural Pet Food Market
Natural pet food has become a significant part of the global pet food industry. To gain control of the pet food market, major firms have started entering the natural and organic pet food business. These companies have robust financial stability and distribution networks that allow them to diversify their portfolios through acquisitions and new product releases, ensuring that pet owners' feed choices remain consistent over time.
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Explore More Valuable Insights on Natural Pet Food Market
Future Market Insights, in its new report, offers an impartial analysis of the global Natural Pet Food market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on pet type (cat [kitten and senior], dog [puppy, adult and senior], and others), product type (frozen pet food, wet pet food, dehydrated pet food, and others), source (animal derived, plant derived, and insect derived), and distribution channel (supermarkets & hypermarkets, specialty stores, online stores, and others) across seven major regions of the world.
Natural Pet Food Market Outlook by Category
By Pet Type:
- Cat
- Kitten
- Senior
- Dog
- Puppy
- Adult
- Senior
- Others
By Product Type:
- Dry Pet Food
- Wet and Canned Pet Food
- Snacks and Treats
By Source:
- Animal Derived
- Plant Derived
- Insect Derived
By Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
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About Food & Beverage Division at Future Market Insights
The food and beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Cover Pet Type / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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