Pet Food Market to Grow at a CAGR of 4.84% over 2025 to 2032; Increasing Pet Ownership to Accentuate the Growth of the Market

The global pet food market size was valued at USD 123.86 billion in 2024. The market is projected to grow from USD 128.94 billion in 2025 to USD 179.48 billion by 2032, exhibiting a CAGR of 4.84% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Pet Food Market Size, Share & Industry Analysis, By Animal Type (Dogs, Cats, and Others), By Form (Dry Pet Food, Wet Pet Food, and Snacks & Treats), By Price Range (Economic, Medium, and Premium), By Packaging (Pouches, Cans, Bags, and Others), By Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Online Channel, and Others), By Source (Animal and Plant), and Regional Forecast, 2025–2032”.

Pet food products ranging from dry and wet types to treat are sold globally through multiple channels such as specialty stores, online channels, and hypermarkets/supermarkets. Driven by increasing pet ownership and humanization trends, the market has experienced robust growth and is poised for continued expansion.

Godrej Consumer Products Limited Entered into the Indian Market to Enhance Dog’s Gut Health’s

Godrej Consumer Products Limited launched in May 2025, marking its entry into India’s pet food and care market under Godrej Pet Care (GPC to improve dog’s gut health and immunity. The company is planning to spend around USD 60 million over the next five years, aiming to capitalize on India’s rising pet industry.

Increasing Pet Ownership Globally to Boost the Expansion of the Market

Key factors supporting the global pet food market growth are increasing pet adoption rates and rising disposable incomes. As more people in both developed and emerging economies adopt pets, the demand for high-quality pet food rises. Additionally, higher disposable income allows pet owners to spend more on specialized diets for their pets. All these factors are driving steady growth in the market.

However, strict regulations enforced by governments is likely to deter the expansion of the industry.

Industry Participants Focus on Partnerships to Expand their Facility

The global pet food market is consolidated, with five major players, such as Mars Incorporated, Nestle S.A., The J.M. Smucker Company, Colgate-Palmolive Company, and General Mills, Inc. holding over 60% of the market. Mars Incorporated stands out through innovative product launches, mergers and acquisitions, and e-commerce, driving its leadership worldwide.

List of Key Players Mentioned in the Report

• Mars Incorporated (U.S.)
• Nestle S.A. (Switzerland)
• The J.M. Smucker Company (U.S.)
• Colgate-Palmolive Company (U.S.)
• General Mills, Inc. (U.S.)
• Diamond Pet Foods (U.S.)
• Heristo AG (Germany)
• Tiernahrung Deuerer GmbH (Germany)
• Merrick Pet Care, Inc. (U.S.)
• WellPet LLC (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/pet-food-market-100554

Key Industry Development

• May 2025- SARVAL upgraded its Cuijk, Netherlands wet pet food plant, boosting freezing capacity from 500 to 800 metric tons weekly.

Further Report Findings

• North America captures the key pet food market share, driven largely by the high pet ownership in the U.S., where around 85 million households own pets. Growing pet humanization and the rising demand for nutritious, natural pet foods are further fueling market growth.
• Europe’s market is expanding, driven by humanization and demand for sustainable, safe products. The U.K., Germany, and France are top markets, with 72% of U.K. pet owners witnessing themselves as pet parents.
• Asia Pacific is among the fastest-growing market, driven by rising pet ownership in India, China, South-Korea, and Japan, with South America following. Japan ranks as a top global importer of prepared pet food.
• In terms of packaging, the market is fragmented into bags, pouches, cans, and others. The bags segment captured the highest share of the market due to its affordability.

Table of Segmentation