Global Pet Snacks and Treats Market Size to Exceed USD 91.02 Million by 2033
According to a research report published by Spherical Insights & Consulting, the Global Pet Snacks and Treats Market Size Expected to Grow from USD 37.14 Million in 2023 to USD 91.02 Million by 2033, at a CAGR of 9.38% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Pet Snacks and Treats Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Eatable and Chewable), By Pet Type (Dogs, Cats, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The industry that produces, distributes, and sells specialty foods made for pets like dogs, cats, birds, and small animals is known as the pet snacks and treats market. The demand for snacks and treats that provide practical advantages beyond taste is high due to the increased focus on pet health and wellness. Products designed to promote dental, joint, skin and coat, digestive, and weight management health are included in this category. Natural and organic snacks and treats that are devoid of artificial coloring, flavoring, and preservatives are preferred by many pet owners. A large variety of natural and organic products created with premium components from reliable vendors are available on the market. Demand for pet snacks and treats increased during the predicted period as a result of growing awareness of pet nutrition and health. Growth in the market's disposable income is also influenced by an increase. Healthy foods and gourmet nibbles are among the market offerings. The global pet adoption boom has increased demand for these goods. However, strict rules will prevent the sector from growing. Furthermore, even though the sector produces premium, high-quality goods, their high-cost acts as additional barrier to the sector's expansion.
The eatable segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
On the basis of product type, the global pet snacks and treats market is categorized as eatable and chewable. Among these, the eatable segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The demand for edible pet snacks and treats is being driven by growing knowledge of pet foods and treats that offer practical benefits, like enhanced joint, skin, and coat health. Prominent industry players are aggressively launching a range of goods to meet this growing demand from customers.
The dogs segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
On the basis of pet type, the global pet snacks and treats market is categorized as dogs, cats, and others. Among these, the dogs segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Numerous snacks and treats designed especially for dogs are available on the market, meeting a range of nutritional needs, health requirements, and personal preferences. This varied product line appeals to dog owners looking for ways to spoil and feed their pets because it contains things like biscuits, jerky, dental chews, rawhide treats, freeze-dried meats, and more.
North America is projected to hold the largest share of the global pet snacks and treats market over the forecast period.
North America is projected to hold the largest share of the global pet snacks and treats market over the forecast period. Pet snack and treat developments have been made possible by the growth of e-commerce and the noticeable increase in pet ownership among North American high-income households. Market developments highlight the persistence and validation of dominant trends in the pet care sector. Notably, pet owners are increasingly looking for and spending money on premium, high-quality products for their furry friends, a trend known as premiumization.
Asia-Pacific is expected to grow at the fastest CAGR growth of the global pet snacks and treats market during the forecast period. The market for pet snacks and treats in Asia Pacific has grown significantly as a result of the rise in pet ownership, helped by shifting consumer preferences and an increased focus on the health and well-being of pets. Pet owners in Asia Pacific are looking for more specialized and high-quality snacks and treats for their companion animals as pet ownership grows in popularity throughout the region. The world's biggest concentration of pet dogs and cats is found in Asia Pacific.
Competitive Analysis
Major vendors in the global pet snacks and treats market are Colgate Palmolive Company, General Mills Inc., Mars, Incorporated, Merrick Pet Care, Nestlé S.A., Off-Leash Pet Treats, Spectrum Brands, Inc., The J.M. Smucker Company, VAFO Group, Wellness Pet, LLC., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In January 2024, Dagsmark Pet Food, a Finnish manufacturer, was fully acquired by VAFO Group. This calculated action places VAFO at the forefront of the Nordic pet food industry.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global pet snacks and treats market based on the below-mentioned segments:
Global Pet Snacks and Treats Market, By Product Type
Global Pet Snacks and Treats Market, By Pet Type
Global Pet Snacks and Treats Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa