Global Pet Snacks And Treats Market
Dublin, Aug. 30, 2023 (GLOBE NEWSWIRE) — The “Pet Snacks and Treats Global Market Forecasts, 2023 to 2030” report has been added to AnalysisAndMarkets.com’s providing.
Global Pet Snacks and Treats Market: Pawsitive Growth Fueled by Humanization Trends
The international pet snacks and treats market is on a trajectory to achieve a considerable valuation of USD 12.16 billion by 2030. This progress is projected to manifest at a commendable Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2030.
As pet humanization turns into extra prevalent, customers are investing considerably in pet snacks and treats to make sure the vitality, well being, and happiness of their furry companions. An evolving shift is noticed, the place pet homeowners are transitioning from standard high-quality choices to humanized pet meals. These alternate options deal with particular well being considerations and boast a clear ingredient profile, devoid of unnatural preservatives or genetically modified parts.
The American Pet Products Association’s (APPA) 2021-2022 National Pet Owners Survey underscores this development, revealing that roughly 85 million U.S. households, constituting as much as 68% of all households, personal pets. This resonates with the expansion seen in numerous pet meals segments, together with health-conscious treats, specialised pet meals, premium snacks, and different premium choices.
The eatables phase stood out with a big international income share in 2021 and is poised to keep up its dominance all through the forecast interval. Increasing consciousness concerning pet meals and treats with useful advantages, equivalent to help for joint, pores and skin, and coat well being, aligns seamlessly with the growth of this phase. Notably, the augmented manufacturing of cultured meat to cater to wash meat/treats for pets is poised to additional drive the expansion of this phase.
In 2021, the dogs phase commanded the most important income slice. The escalating adoption of dogs as cherished pets worldwide is about to create ample alternatives for key market gamers in the course of the forecast interval. The American Pet Products Association’s 2021-2022 survey estimates that 69 million U.S. households are proud homeowners of a canine.
Landscape and Leading Players
The market exudes a consolidated nature, internet hosting a big variety of worldwide gamers alongside just a few regional contenders. Noteworthy names like Mars, Incorporated (and its associates); Nestle; SCHELL & KAMPETER, INC.; The J.M. Smucker Company; Hill’s Pet Nutrition, Inc.; Addiction Foods; Wellness Pet Company; Spectrum Brands, Inc.; Unicharm Corporation; and Blue Buffalo Co., Ltd stand as outstanding figures inside the international business.
Highlights from the Pet Snacks and Treats Market Report
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North America takes the lead with the most important income share of 33.7% in 2022. This is attributed to the surge in pet adoption, pet humanization, and heightened consciousness concerning pet well being.
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The chewables phase is about to make spectacular strides with a fast CAGR of 5.5% in the course of the analysis interval. More pet homeowners are choosing chewable snacks and treats, recognizing their position in selling wholesome enamel.
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The on-line phase is poised to speed up on the quickest CAGR of 5.3% within the upcoming years, pushed by the supply of an in depth array of pet snacks and treats within the on-line realm.
Key Attributes
|
Report Attribute |
Details |
|
No. of Pages |
122 |
|
Forecast Period |
2022-2030 |
|
Estimated Market Value (USD) in 2022 |
$8.12 Billion |
|
Forecasted Market Value (USD) by 2030 |
$12.16 Billion |
|
Compound Annual Growth Rate |
5.2% |
|
Regions Covered |
Global |
Key Topics Covered
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Pet Snacks and Treats Market Variables, Trends & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Pet Snacks and Treats Market: Product Estimates & Trend Analysis
Chapter 6. Pet Snacks and Treats Market: Pet Type Estimates & Trend Analysis
Chapter 7. Pet Snacks and Treats Market: Distribution Channel Estimates & Trend Analysis
Chapter 8. Pet Snacks and Treats Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Analysis
Companies Mentioned
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Mars, Incorporated (and its Affiliates)
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Nestle
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SCHELL & KAMPETER, Inc.
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The J.M. Smucker Company
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Hill’s Pet Nutrition, Inc.
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Addiction Foods
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Wellness Pet Company
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Spectrum Brands, Inc.
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Unicharm Corporation
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Blue Buffalo Co. Ltd.
For extra details about this report go to https://www.researchandmarkets.com/r/crmq47
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