NORTH AMERICA PET FOOD MARKET FORECAST 2023-2032

The North America pet food market growth assessment includes the analysis of Canada and the United States. In the United States, the rising pet population has surged the retail value and volume sales of pet foods which continued despite pandemic-induced difficulties. Also, pet food premiumization is on the rise, with pets being viewed and valued as family members. As a result, the cost of pet food is not a ‘luxury’ but an essential component of their monthly budget. This is also attributed to the steady pet humanization trend, leading to premium brands registering optimal performance in dry and pet food segments. For instance, Freshpet’s refrigerated products are expensive but witnessed steady sales in 2020.

Furthermore, e-commerce has recorded dynamic growth given the convenience of home delivery of bulky items at lower prices and the availability of varied product ranges. In addition, there is also a certain level of purchasing continuity with pet food, with pet owners purchasing the same food consistently. Also, the future of dog food distribution is evaluated to be e-commerce, with a majority of pet superstores establishing an online presence. Such factors propel the United States pet food market demands. 

The North America pet food market segmentation includes animal type, food type, and distribution channel. The food type segment includes division on the basis of content and animal. The food type segment by animal includes dog pet food and cat pet food with further sub-divisions. 

Treats and mixes, with regard to dogs, are rich in protein and appetizing. They are made of high-quality chicken breast and dried seafood since they have low-fat levels and high protein amounts. A high-protein and low-fat diet helps in weight management for dogs and provides tremendous energy. Also, meats have the highest amino acid levels in their protein, acting as an effective dietary supplement. In addition, vegan and organic treats & mixes are available in the market. They benefit gut health, weight loss/gain, and coat maintenance. 

With regard to cats, dry foods complement their health. For instance, the major advantage of the dry food diet for cats is their enhanced dental health. Similarly, treats and mixers are healthy and tasty for cats, given the proper consideration of substances. However, cat treats contain calories, are not balanced and complete, and are meant to be given as occasional treats. 

Some of the prominent companies operating in the North America pet food market include Champion Petfoods LP, Freshpet Inc, Diamond Pet Foods, Farmina Pet Foods, etc.

Champion Petfoods LP manufactures dog and cat foods with nourishing ingredients. It provides frozen and dried foods, including eggs, fish, and meat. In addition, it offers carbohydrates, supplements, vegetable proteins, and other protein-based products. The company is headquartered in Edmonton, Canada.

The company’s dog pet food portfolio includes Puppy Recipe, Acana- Rescue Care, Freshwater Fish, Wholesome Grains, Free Run Recipe, Light & Fit, Red Meat, etc.