Global Pet Food Industry Analysis
Increasing concerns about pet health and growing premiumization of pet food are factors leading to the growth of the organic pet food market which is expected to post a CAGR of more than 9% through 2021. Increasing financial stability is contributing to an increase in demand for high-quality premium pet foods which are organic and much safer than conventional pet foods. Moreover, premiumization, is encouraging the development of pet foods with additional new flavors and ingredients which is likely to propel the growth of this market. In order to catch the new trends in the global pet food market, Pet food manufacturers have also launched organic, natural, and gluten-free varieties of pet foods, which will lead to the growth of the market during the forecast period.
Related report: Global Organic Pet Food Market 2017-2021
Consumers consider pets as members of the family and are willing to invest in good-quality food to ensure the health and hygiene of their pets. Pet humanization is one of the primary growth factors benefitting the the pet food market. Moreover, many leading pet food manufacturers are launching innovative and differentiated products to cater to this demand. There is a wide variety of pet food available in different flavors and smells to cater to different types of pets. Products are also available based on the needs of different kinds of animal breeds, their life stages, and their size. Technavio’s market research analysts estimate that the global pet food market is to reach USD 1,045 billion by 2022, and the market is expected to grow steadily at a CAGR of around 6% through 2021.
Related report: Global Wet Pet Food Market 2017-2021
Top 10 Largest Pet Food Manufacturers Dominating the Global Pet Food Industry in 2018
Blue Buffalo Company
Blue Buffalo is one of the world’s largest pet manufacturers. The company is founded on the premise that dogs and cats are family members, therefore, it focuses on creating pet food that is made from the highest quality natural ingredients. The company believes that pet food should be natural and healthy, hence they refrain from using any artificial flavors, or preservatives. They also do not use corn, wheat or soy in their pet food products as these ingredients have been linked to allergic reactions in some pets.
Find out Blue Fuffalo’s market share and revenues in the global pet food industry
Colgate-Palmolive specializes in premium pet food through its subsidiary Hills Pet Nutrition. Its Hills Science Diet is the leading brand in the global premium dog and cat food market and is exclusively available through the specialist channel. The line has continued to expand, and today includes more than 60 Prescription Diet brand pet foods (prescription foods for cats and dogs with specific diseases, only available through a vet or pet pharmacy) and Science Diet brand pet foods (sold through veterinarians and pet specialty stores).
Mars Petcare has been in operation for more than 75 years and now includes three of the top five pet food brands in the world – PEDIGREE®, WHISKAS® and ROYAL CANIN®. Mars Petcare is a growing segment of approximately 50 brands, made up of about 75,000 Associates in more than 55 countries who serve the nutrition and health needs of various pets such as dogs, cats, horses, fish and birds, making it one of the top pet food companies in the world.
Nestlé participates in the pet food industry with the Purina brand which is driven by its quest to take pet nutrition forward and conduct industry-leading research on the wellbeing of pets. The Purina brand offers a wide variety of dry and wet food for cats and dogs. The company is dedicated to improving the lives of pets by providing 100% complete and balanced pet foods.
The J.M. Smucker Company
In a bid to secure a larger share of the fast growing USD 30 billion pet food market, The J.M. Smucker Company has acquired Ainsworth Pet Nutrition LLC. Ainsworth is a leading maker, distributor and marketer of premium pet food and pet snacks, which is known for its brands – Rachael Ray Nutrish premium brand as well as Dad’s, a low price, high quality line of pet foods. Ainsworth also sells pet food and snacks under several additional branded and private label trademarks.
Beaphar has been engaged in providing quality pet healthcare products for companion animals since 1942. The company offers an extensive range of products for dogs, cats, small animals, reptiles and birds. Exporting to 86 countries, the company’s core business lies in veterinary medicines, super premium foods and vitamin preparations. The company has a strong reputation for its health and care range for pets.
Wellpet LLC produces and supplies pet food products worldwide. The pet food manufacturer’s flagship brands are Old Mother Hubbard, Wellness, Eagle Pack, and Holistic Select. Its lines of dry food, wet food, and treats are made using deboned meats (also free of hormones and steroids), as well as whole grains, vegetables, and fruits. WellPet was formed in 2009 through the merger of Old Mother Hubbard and Eagle Pack Pet Foods, another top provider of holistic pet food.
Related report: Global Pet Care Market Report 2018-2022
Diamond Pet Foods
The company associates itself with the development of wholesome nutrition made with high-quality proteins, superfoods and probiotics. Diamond pet food is marketed as highly digestible, super premium pet food without the premium price. The company uses superior animal protein sources and zero grains to optimize digestion and limit exposure to allergy triggers.
People today are aware of the important relationship between nutrition and health. Consumers are concerned about the knowing the source of ingredients in a bid to find products that are free of artificial ingredients, colors, preservatives, excess sugars and salt. PetGuard also focuses on minimizing toxic chemicals in the environment and developing products that will improve the lifestyle of our pets.