U.S. Pets Food Market
Dublin, March 30, 2023 (WORLD NEWSWIRE) — The “United States Pets Food Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis” report has actually been contributed to ResearchAndMarkets.com’s offering.
United States Pet Food Market will reach US$ 62.41 Billion by 2028 from $45.11 Billion in 2022, growing at a CAGR of 5.56%
Innovative production innovation, such as automating formula, batching, drying, covering, and liquid shipment, is assisting business accomplish cost performance and guarantee item quality.
According to American Pet Product Association (APPA), National Pet Owners’ information programs 90.5 million homes in America own a family pet, comparable to almost 70% of houses in 2021-2022. The U.S. family pet grocery store is classified into various ranges such as Dogs food, Cat food, and other food (Bird Food, Fish Food, and Small Mammals/Reptiles Food) Market.
In addition, the humanization of animals has actually motivated owners to treat their animals like family. The increasing issue for animals’ wellness and healthy development has actually increased owners’ expense on healthy family pet food. Furthermore, increased family pet humanization, quick urbanization, high-income levels, altering customer habits, the broad accessibility of natural family pet food, increasing awareness of family pet nutrition, and the development of an e-commerce platform have actually driven the development of the U.S. family pet grocery store.
However, the United States pet grocery store has actually extremely controlled, which includes substantial compliance expenses to producers in regards to accreditation, equipment upkeep, and workers training expenditures has actually limited the U.S. family pet grocery store.
Dry Dog Food holds the Largest Market Share
Dry Dog Food holds the biggest market share due to the fact that the high need for low carb diet plan and protein, grain-free family pet food is the fastest growing locations of the U.S. family pet food market, the launch of dog treats and nutrition-rich food, a High quantity associated to the upkeep and wellness of dogs, and increasing customer awareness concerning family pet health has actually resulted in another particular factor adding to the development of the sector.
Furthermore, Dry Cat Food likewise holds the considerable income in the projection duration due to owning more than one cat experiencing consonant development. In addition, cats need less training than dogs and can spend more time alone. Besides, the cost of owing cats is reasonably low compared to that of dogs. The market is categorized into 4 types Dry Cat Food, Wet Cat Food, Frozen/Refrigerated Cat Food, and Cat Biscuits/Treats/Beverages.
Amino Acids is Predicted to Dominate the Revenue in the Forecast Period
Based on Ingredients, Amino Acids is anticipated to control the income in the projection duration due to the increasing usage of food of animal origin, premium protein, and omega-3 fats.
When contributed to food, these compounds increase the dietary worth of the feed and offer advantages such as increased development rate, increased protein digestibility, boosted feed conversion, boosted body immune system, reduced death of marine types, increased yield in animal items, efforts to guarantee quality and standardization, and security of animal health stand apart as the primary element improving the marketplace.
Thus, it is expected that raising awareness amongst pet food producers of the dietary advantages of protein-rich active ingredients will increase the supply of these active ingredients.
Key Attributes:
|
Report Attribute |
Details |
|
No. of Pages |
145 |
|
Forecast Period |
2022 – 2028 |
|
Estimated Market Value (USD) in 2022 |
$45.11 Billion |
|
Forecasted Market Value (USD) by 2028 |
$62.41 Billion |
|
Compound Annual Growth Rate |
5.5% |
|
Regions Covered |
United States |
Key Players Analysis
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenge
5. United States Pet Food Market
6. Market Share – United States Pet Food Analysis
6.1 By Animal
6.2 By Type
6.2.1 Dog
6.2.2 Cat
6.3 By Ingredients
7. Animal – United States Pet Food Market
7.1 Dog
7.2 Cat
7.3 Others
8. Type – United States Pet Food Market
8.1 Dog
8.1.1 Dry Dog Food
8.1.2 Wet Dog Food
8.1.3 Frozen/Refrigerated Dog Food
8.1.4 Dog Biscuits/Treats/Beverages
8.2 Cat
8.2.1 Dry Cat Food
8.2.2 Wet Cat Food
8.2.3 Frozen/Refrigerated Cat Food
8.2.4 Cat Biscuits/Treats/Beverages
9. Ingredients – United States Pet Food Market
9.1 Amino Acid
9.2 Phosphates
9.3 Minerals
9.4 Acidifiers
9.5 Mycotoxin Detoxifier
9.6 Enzymes
9.7 Speciality Proteins
9.8 Vitamins
9.9 Others
10. Key Players Analysis
For more info about this report go to https://www.researchandmarkets.com/r/77nzei
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