Global Dry Pet Food Market Overview
Dry Pet Food Market Size was estimated at 27.38 (USD Billion) in 2022. The Dry Pet Food Market Industry is expected to grow from 28.06(USD Billion) in 2023 to 34.97 (USD Billion) by 2032. The Dry Pet Food Market CAGR (growth rate) is expected to be around 2.48% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Dry Pet Food Market Trends Highlighted
The dry pet food market is a fast-changing sector driven by the increase in pet ownership, increase in disposable incomes, and consumers becoming more aware of animal nutrition and health. Such trends have prompted manufacturers to create new products that meet the specific needs of pets, such as hypoallergenic diets, grain-free feeds and diet foods for senior or fat animals.
Furthermore, the rise of online pet food retailers and subscription services has offered convenience and customization to pet owners. Drivers for this market include the desire for gourmet pet foods, humanization of companion animals and increasing rates of animal adoption. Meanwhile, prospects for further expansion exist in emerging markets like Asia-Pacific, where there is rapid growth in the number of people owning pets.
Recent developments show a shift from non-biodegradable packaging materials to sustainable, recyclable ones in terms of pet food packages, while distributors are increasingly concerned with accountability and clarity within supply chains. Another change observed in this market is an upswing in tailored personal products meant for specific dietary conditions/ preferences for individual pets.
Dry Pet Food Market Drivers
Heightened Awareness of Pet Health and Nutritional Needs
The owners of pets are becoming aware of the significance of giving their animals a healthy and balanced diet. This awareness stems from factors such as the increase in pet ownership, humanization of animals and available information regarding diets for pets. Consequently, owners are searching for dry pet food products that are exceptional and meet requirements their specific nutritional needs. The dry pet food market industry will gain from this trend because pet owners are ready to pay more for products they consider safe and good for their animals.
Increasing Demand for Convenient and Time-Saving Pet Food Options
The rise in the population of working pet owners and the increase in busyness are making it necessary for more convenient and time-saving pet food. Convenience for using, storing, transporting, and feeding is what makes dry pet food famous among pet’ owners. Dry pet food does not spoil easily as well as very easy to serve compared to other types of pet foods; hence, one can leave it for the pet to eat by itself for some time. Additionally, the Dry Pet Food Market Industry provides a good environment for promoting various types of convenient and time-saving pet foods.
Expansion of the Pet Food Industry in Emerging Markets
In China, India, Brazil and other emerging markets, the pet food industry is booming. The rise in the middle class in these areas has led to an increase in their purchasing power coupled with rapid urbanization and better productivity are some of the reasons behind this trend. On top of this, more people now keep pets; therefore, they have become more conscious about healthy foods for animals, which makes them seek professional pet food services.
Hence, there is a potential market growth for the international dry pet food market as such emerging countries provide a significant opportunity for any manufacturer of pet food items.
Dry Pet Food Market Segment Insights
Dry Pet Food Market Pet Type Insights
The Dry Pet Food Market is segmented by pet type into dogs, cats, fish, birds, and small animals. The dog food segment is anticipated to maintain the largest market share during the forecast period. The cat food segment is expected to come second, following the dog food segment in terms of market share. For instance, fish food is expected to have the fastest CAGR over the forecast period. On the other hand, bird foods are projected to grow at a steady pace during this period. While on this subject of small animals’ feeds, they are projected to record moderate CAGR rates.
In 2023, the Dry Pet Food Market stood at USD 28.06 billion. Some key participants in the dry pet food market include Mars Petcare Inc., Nestle Purina Pet Care and Hill’s Pet Nutrition, among others. These companies are investing a lot in R&D with the aim of developing new and superior quality products for pets which include dogs and cats. They are also expanding their network for distribution purposes so as to reach more customers, hence increasing their sales volumes. In addition, the Dry Pet Food Market is predicted to observe considerable growth over the coming years owing to factors such as an increase in pet ownership, rising disposable income and increasing awareness about pet nutrition.Furthermore, there has been an increased demand for high-end and specialized pet foods in the market, as well as organic pet foods.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Pet Food Market Product Type Insights
The Dry Pet Food Market is segmented by product type into Kibble, Canned, Treats, Raw Food, and Freeze-Dried Food. Among these, Kibble accounts for the largest share of the market, owing to its convenience, affordability, and availability in a wide range of flavors and formulations. The Dry Pet Food Market revenue for Kibble is projected to reach USD 15.4 billion by 2024, exhibiting a CAGR of 2.8%. Canned pet food is another popular segment, with a market value of USD 6.7 billion in 2024, driven by its high moisture content and palatability.Treats, Raw Food, and Freeze-Dried Food segments are also experiencing growth, catering to the increasing demand for premium and specialized pet food products. The market growth for these segments is expected to be driven by the rising trend of pet humanization and the growing awareness of pet health and nutrition.
Dry Pet Food Market Packaging Size Insights
The Dry Pet Food Market is segmented by packaging size into small (up to 10 lbs), medium (11-25 lbs), large (26-50 lbs), and jumbo (51 lbs and over). The medium segment is expected to hold the largest share of the market in 2023, accounting for over 40% of the revenue. This is due to the increasing popularity of medium-sized dogs, which are the most common type of dog owned in households worldwide. The small segment is expected to grow at the fastest CAGR from 2024 to 2032 as more and more people are opting for smaller dogs, such as apartments or other smaller living spaces.The large and jumbo segments are expected to account for a smaller share of the market, but they are still expected to grow at a steady pace, as they are popular among owners of large dogs, such as German Shepherds and Great Danes.
Dry Pet Food Market Distribution Channel Insights
The distribution channel segment plays a crucial role in the Dry Pet Food Market. Pet specialty stores held a significant market share in 2023, catering to pet owners seeking specialized products and advice. Mass merchandisers followed closely, offering a wide selection and competitive pricing. E-commerce is rapidly gaining traction, driven by convenience and home delivery options. Veterinarians represent a niche segment, providing professional advice and prescription pet food. Grocery stores hold a steady share, offering a convenient option for everyday purchases.The Dry Pet Food Market segmentation provides insights into the evolving distribution landscape, enabling manufacturers to optimize their strategies and meet the diverse needs of pet owners.
Dry Pet Food Market Nutritional Needs Insights
The nutritional needs of pets vary depending on their age, breed, and health. As a result, the Dry Pet Food Market is segmented into several nutritional categories, including puppy/kitten, adult, senior, weight management, and skin allergies. The puppy/kitten segment is expected to witness significant growth over the forecast period owing to the increasing demand for premium pet food products that support the growth and development of young animals. The adult segment is expected to remain the largest segment due to the large population of adult pets worldwide.The senior segment is expected to witness steady growth due to the increasing awareness of pet health and the rising number of senior pets. The weight management segment is expected to grow due to the increasing prevalence of obesity in pets. The skin allergies segment is expected to witness growth due to the rising number of pets with skin allergies.
Dry Pet Food Market Regional Insights
The Dry Pet Food Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to account for the largest revenue share of approximately 42.9% in 2023, with the market witnessing significant growth due to the increasing adoption of pets and the rising disposable income of pet owners in the region. Europe is the second-largest market for dry pet food, with a revenue share of approximately 32.2% in 2023. The market in Europe is driven by the presence of a large number of pet owners and the growing popularity of premium pet food products.The APAC region is expected to register the highest CAGR of 3.7% during the forecast period, owing to the increasing pet ownership rates and the rising middle-class population in countries such as China and India. South America and MEA are expected to experience moderate growth in the dry pet food market due to the increasing awareness of pet care and the growing demand for premium pet food products in these regions.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Pet Food Market Key Players And Competitive Insights
Major players in the Dry Pet Food Market industry are constantly striving to gain a competitive edge by introducing innovative products and expanding their distribution channels. Leading Dry Pet Food Market players are investing heavily in research and development to create premium quality pet food that meets the evolving needs of pet owners. The Dry Pet Food Market is characterized by intense competition, with major players adopting various strategies such as mergers and acquisitions, partnerships, and collaborations to strengthen their market position.Mars, Incorporated is a leading player in the Dry Pet Food Market. The company offers a wide range of dry pet food products under various brands, including Pedigree, Whiskas, and IAMS. Mars, Incorporated, has a strong presence and benefits from its extensive distribution network and brand recognition. The company focuses on providing high-quality pet food products that meet the nutritional needs of different pets. Mars, Incorporated also invests in pet care research and development to enhance its product offerings and maintain its competitive edge.Nestlé Purina Petcare is another major player in the Dry Pet Food Market. The company offers a diverse portfolio of dry pet food products under brands such as Purina Pro Plan, Purina ONE, and Friskies. Nestlé Purina Petcare has a strong presence in North America and Europe and is expanding its reach in emerging markets. The company emphasizes innovation and product quality to cater to the evolving needs of pet owners. Nestlé Purina Pet Care also engages in strategic partnerships and acquisitions to strengthen its market position and expand its product offerings.
Key Companies in the Dry Pet Food Market Include
- Wellness Pet Food
- ColgatePalmolive
- Royal Canin
- Blue Buffalo
- IAMS
- M. Smucker Company
- United Petfood
- Merrick Pet Care
- Archer Daniels Midland Company
- Diamond Pet Foods
- Nulo Pet Food
- Hill's Pet Nutrition
- Cargill
- Nestle Purina Petcare
- Mars, Incorporated
Dry Pet Food Market Industry Developments
The dry pet food market is projected to reach USD 34.97 billion by 2032, exhibiting a CAGR of 2.48% during the forecast period (2024-2032). The growing adoption of pets, increasing disposable income, and rising awareness about pet health are driving the market's growth.Recent news developments include the launch of new products by major players such as Mars, Inc. and Nestlé Purina Pet Care, and the expansion of e-commerce channels for pet food sales. The market is also witnessing the emergence of sustainable and eco-friendly pet food options, driven by consumer demand for products that align with their values.
Dry Pet Food Market Segmentation Insights
Dry Pet Food Market Pet Type Outlook
- Dogs
- Cats
- Fish
- Birds
- Small Animals
Dry Pet Food Market Product Type Outlook
- Kibble
- Canned
- Treats
- Raw Food
- Freeze-Dried Food
Dry Pet Food Market Packaging Size Outlook
- Small (up to 10 lbs)
- Medium (11-25 lbs)
- Large (26-50 lbs)
- Jumbo (51 lbs and over)
Dry Pet Food Market Distribution Channel Outlook
- Pet Specialty Stores
- Mass Merchandisers
- E-Commerce
- Veterinarians
- Grocery Stores
Dry Pet Food Market Nutritional Needs Outlook
- Puppy/Kitten
- Adult
- Senior
- Weight Management
- Skin Allergies
Dry Pet Food Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Dry Pet Food Market Report Scope
| Report Attribute/Metric |
Details |
| Market Size 2022 |
27.38(USD Billion) |
| Market Size 2023 |
28.06(USD Billion) |
| Market Size 2032 |
34.97(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
2.48% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Wellness Pet Food, Colgate-Palmolive, Royal Canin, Blue Buffalo, IAMS, J.M. Smucker Company, United Petfood, Merrick Pet Care, Archer Daniels Midland Company, Diamond Pet Foods, Nulo Pet Food, Hill's Pet Nutrition, Cargill, Nestle Purina Petcare, Mars, Incorporated |
| Segments Covered |
Pet Type, Product Type, Packaging Size, Distribution Channel, Nutritional Needs, Regional |
| Key Market Opportunities |
1 Growing demand for premium and natural pet food2 Increasing humanization of pets3 Rising pet ownership in emerging markets4 E-commerce expansion5 Product innovation and functional benefits |
| Key Market Dynamics |
Increasing pet ownership Growing demand for premium pet food Rise in pet humanization. E-commerce expansion Sustainability concerns |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The dry pet food market size was valued at USD 28.06 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 2.48% from 2024 to 2032. The increasing pet population, rising disposable income, and growing awareness about pet health and nutrition are key factors driving market growth.
North America is the largest regional market, accounting for over 30% of the dry pet food market share in 2023. The high adoption rate of pets, well-established pet care infrastructure, and presence of leading pet food manufacturers contribute to the region's dominance.
The key growth drivers for the dry pet food market include increasing pet ownership, rising disposable income, growing health consciousness among pet owners, increasing demand for premium and functional pet food products, and expanding distribution channels.
Dogs hold the largest share of the dry pet food market, accounting for over 60% of the total market share in 2023. The high population of dogs, their longer lifespans, and their higher nutritional requirements compared to cats contribute to this dominance.
The key competitors in the dry pet food market include Mars, Inc., Nestle Purina PetCare, J.M. Smucker Company, Hill's Pet Nutrition, and Royal Canin. These companies hold a significant market share and compete based on factors such as product quality, innovation, distribution network, and marketing strategies.
Major trends shaping the dry pet food market include premiumization, humanization of pets, growth of e-commerce, increasing demand for sustainable pet food products, and personalization of pet food products based on individual pet needs.
The dry pet food market is segmented by pet type (dogs, cats, others), product type (standard, premium, super-premium), distribution channel (offline, online), and region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa).
The dry pet food market faces challenges such as rising raw material costs, intense competition, changing consumer preferences, regulatory changes, and the impact of economic downturns on pet food spending.
The dry pet food market is projected to grow at a compound annual growth rate (CAGR) of 2.48% from 2024 to 2032.
Dry pet food is primarily used to provide complete and balanced nutrition for dogs and cats. It is designed to meet the specific nutritional requirements of each pet based on factors such as age, breed, activity level, and health conditions.
