June 14, 2024

Cool Rabbits

Healthcare Enthusiast

Organic Pet Food Market Revenue to Cross USD 41.6 Billion

New York, May 17, 2023 (GLOBE NEWSWIRE) — The Organic Pet Food Market size is projected to surpass around USD 41.6 Billion by 2032, and it is poised to reach a CAGR of 6.7% from 2023 to 2032. The global organic pet food market size accounted for USD 22.1 Billion in 2022.

Organic pet food comprises natural ingredients grown without fertilizers, pesticides, or herbicides. Various pet owners believe that organic food is better for pets’ health. The food is also free of growth hormones, genetically modified organisms, and antibiotics.

organic pet food market

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 Key Takeaway:

  • By Pet Type, 2022, the dog segment has generated a revenue share of 36.4% in 2022.
  • By Food Type, the dry food segment held a prominent share of the global organic pet food market revenue share from 2023 to 2032.
  • By Distribution Channel, the supermarkets and hypermarkets segment has dominated the market with a revenue share, growing at the highest CAGR from 2023 to 2032.
  • In 2022, North America dominated the market with the highest revenue share of 42.5%.
  • Europe held a significant revenue share of 22.4% in 2022.

Organic pet food can improve skin and coat appearance, have higher energy levels, and have healthier weights. Organic pet food contains amino acids, fatty acids, vitamins, and minerals. This food provides more health benefits related to conventional food.

Factors Affecting the Growth of the Organic Pet Food Market

There are several factors that can affect the growth of the organic pet food market. Some of these factors include:

  • Increase in Popularity of Organic Food: The approval of organic food owing to the better humanization of pets and results in high spending o pet products drive the market growth. Customers’ preference for pets increases as security individuals have been focused on giving their pets quality pet food.
  • Rise in Customer Consciousness Concerning Pet Health: The rise in customer consciousness towards pet health propels market growth. Customer spending on healthcare for their companions has risen, in current years, especially as the humanization of pets grows.
  • Increasing Innovation by Pet Food Manufacturers: The market players are focused on launching various pet food products to address the demand for different types of animals belonging to several age groups, fueling the market growth.

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Top Trends in Global Organic Pet Food Market

Personalization of foodstuffs for pet animals has a lot of prospects to grow, mainly as pet owners are becoming increasingly aware of the food products for pet animals, has a quantity of prospective to grow mainly as pet owners are suitable for increasing awareness about the food they are feeding their pets. Customers are growing increasingly interested in health and wellness and want the same for their pets. Approval of pets is a popular trend worldwide, owing to the dietary benefits of organic food.

Market Growth

The rising demand for organic food due to the increasing number of pet ownerships combined with a growing number of customers’ consciousness towards pet health propel the market growth. Additionally, the vast accessibility of organic pet food among various distribution channels and the emergence of e-commerce platforms drive market growth. The easy obtaining of products with different charge ranges is a growth factor in the global organic pet food product market.

Regional Analysis

The organic pet food market was dominated by North America, which acquired the most significant revenue share of 42.5% during the forecast period; the high approval of pets in North American households is one of the major reasons for dominance in the region. The increase in pet ownership and customer knowledge of pet health can be attributable to the rising demand for organic food. The positive attitude of North American customers towards humanization and its wide-ranging approval are boosting the market growth of food products for pet animals.

Europe holds the second-largest revenue share due to the high spending on sustainable and safe organic pet food. Additionally, pet owners in the European region demand more transparency in pet food product ingredients. The Asia-Pacific is expected to grow significant revenue share during the forecast period due to the growing pet population and rising demand for pet food.

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Scope of Report

Report Attribute Details
Market Value (2022) USD 22.1 Billion
Market Size (2032) USD 41.6 Billion
CAGR (from 2023 to 2032) 6.7%
North America Revenue Share 42.5%
Europe Revenue Share 22.4%
Historic Period 2016 to 2022
Base Year 2022
Forecast Year 2023 to 2032

Market Drivers

The increasing development and pet humanization are inspiring pet owners to nutritious and quality pet food, propelling the market growth. Additionally, the easy accessibility of products with different charges ranges is an encouraging growth factor for the global market. The rising amount of pet ownership across the world, particularly across developing countries, is projected to drive market growth. The key players are concentrating on introducing a variety of food products for pets to address the demand for various types of animals belonging to several age groups. This is anticipated to propel the market growth.

Market Restraints

The lack of consciousness about the aid of organic pet food is the major factor hampering the market growth. The high cost of organic food restrains market growth. Strict regulations related to pet food products hinder market growth. Organic products are more expensive owing to the premium components used in producing organic pet foods.

Market Opportunities

The increase in preferences for natural and healthy food, with food safety being the priority, may propel pet food sales, with higher growth rates being the global trend in the market. Organic pet food is gaining well-known popularity worldwide. Better knowledge sharing across social media platforms associated with the possible harmfulness of synthetic chemicals and other harmful materials also inspires organic pet food sales.

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Report Segmentation of the Organic Pet Food Market

Pet Type Insight

The dog segment dominated the organic pet food market, holding the most significant revenue share of 36.4%. Attributed to the increase in popularity of nuclear households and the rising preference of customers for dogs as security and companions. Additionally, the high expenditure related to the well-being and maintenance of dogs is propelling the market for organic food. Dogs also need a variety of nutrients to stay healthy. Because of the increased customer consciousness of pet health problems, dog weight control, and enhancement have increased attention.

Food Type Insight

The dry food segment dominated the highest market revenue share in the global organic pet food market. Owing to the factors such as the increased importance of dry premiumization by industrialists, pet food has experienced significant development in the market. Dry food is the most preferred option for dogs as it is cheap and affordable for many dog owners. Additionally, the leading competitors in the dry food segment have a significant market opportunity due to the rise in the tendency of customers to consider dogs and the increase in investments in high-quality pet food products along with novel developments.

Distribution Channel Insight

The supermarkets and hypermarkets segment accounted for the highest market revenue share in 2022. Attributed to the high inclination to purchase products from large retail stores, where they offer a number of choices related to prices and brands. Customers can buy products of their choice from their homes or offices.

For more insights on the historical and Forecast market data from 2016 to 2032 – download a sample report at https://market.us/report/organic-pet-food-market/request-sample/

Market Segmentation

By Pet Type

By Food Type

  • Wet Food
  • Dry Food
  • Frozen Food

By Distribution Channel

  • Supermarkets and Hypermarkets
  • Specialized Pet Shops
  • Online Channel
  • Other Distribution Channels

By Geography

  • North America
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

Competitive Landscape

The key market players are focusing on new product launches to achieve a prominent share. The key players are adopting various strategies such as partnerships, mergers & acquisitions, innovative product launches, and online product distribution to increase their consumer bases and lead the global market. Mars Incorporated holds the majority of its share globally, along with various other regional markets. The competitive landscape of the market has also been examined in this report. Some of the major market players include

  • Nestle SA
  • Primal Pet Foods
  • Mars Incorporated
  • Hill’s Pet Nutrition, Inc.
  • Diamond Pet Foods
  • PetGuard Holdings, LLC
  • Castor & Pollux
  • Merrick Pet Care, Inc.
  • WellPet LLC
  • Other Key Players

     Recent Development of the Organic Pet Food Market

  • In June 2022, Mars Incorporated introduced that it had achieved its target of sourcing fish in its pet products.
  • In October 2020, V-planet introduced the addition of dog treats and dental chews to its portfolio, which is expressed with USFDA-organic superfoods. The treats, named Wiggle Biscuits, are peanut butter and blueberry flavors.

Browse More Related Reports:

  • Pet Food Market size is expected to be worth around USD 150,987.97 million by 2032 from USD 95,384 million in 2022, growing at a CAGR of 4.70% during the forecast period 2023 to 2032.
  • Pet Food Ingredients Market size is estimated to reach USD 40,210 million in 2021 and will grow at a CAGR of 5.2% over the forecast period.
  • Pet Food Packaging Market is estimated to be worth USD 11,520 million in 2021 and will grow at a 5.2% compound annual growth rate over the forecast period.
  • Pet Wearable Market size is expected to be worth around USD 14.54 Billion by 2032 from USD 2.9 billion in 2022, growing at a CAGR of 17.9% during the forecast period from 2023 to 2032.

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