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Pet Food - Worldwide | Statista Market Forecast

Jun. 10, 2024
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Pet Food - Worldwide | Statista Market Forecast

Definition:

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The Pet Food segment covers food that has been specifically created to meet the nutritional requirements of domesticated animals, including dogs, cats, as well as feed products for other less common house pets such as rodents and reptiles. Various components that supply vital nutrients for the animal&#;s health and wellness are often included in pet food.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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US pet food spending at US$58.1B in , forecast up for ...

In , pet owners in the United States spent US$136.8 billion on their dogs, cats, birds and other companion animals. Of that total, U.S. residents spend US$58.1 billion on pet food and treats, according to NielsenIQ data reported by the American Pet Products Association (APPA) in the - APPA National Pet Owner Survey. Supplies, live animals and over-the-counter medicine accounted for another US$31.5 billion. Vet care and product sales reached US$35.9 billion. Boarding, grooming, insurance, training, pet sitting and walking and all services outside of veterinary care made up US$11.4 billion. According to the - APPA National Pet Owners Survey, annual expenditures for dog food was US$287 dog, while annual expenditures on cat food reached US$254.

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The APPA forecast that pet expenditures will reach US$143.6 billion this year, with pet food and treats making up US$62.7 billion of the total. Supplies, live animals and over-the-counter medicine may account for another US$32.1 billion. Vet care and product sales reached US$37 billion. Boarding, grooming, insurance, training, pet sitting and walking and all services outside of veterinary care made up US$11.8 billion.

Pet product expenditure growth

During the past several years, U.S. residents&#; expenditures on pet products have grown. From to , U.S. pet owners&#; spending on pet products and services grew 66% from US$90.5 billion to US$136.8 billion. In , U.S. pet owners spent US$123.6 billion on their companion animals. That figure increased from US$123.6 billion in , which grew from US$108.9 billion in . In , U.S. pet product and services expenditures stood at US$97.1 billion.

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