The global fish
based pet food market is set to witness growth at a CAGR of 4.9% and
top a valuation of US$ 16,213.2 Mn by 2032. Growing demand for new snacks,
foods, and dining experiences for their pets, along with long-term health
benefits from food products is boosting the fish based pet food market.
Pet owners have
become increasingly aware about the health requirements of their pets. They are
also willing to spend on food with wholesome nutrients. Besides this, growing
focus on ascertaining long-term health of pets will drive the sales of fish
based pet food.
Furthermore,
manufacturers are introducing pet food that addresses common health concerns in
pets such as bad breath, skin issues, sensitive stomachs, allergies, kidney
disease, and others. This led the fish based pet food industry to change from
simple products that target adult pet maintenance to an improved high energy,
nutritious, and specially fortified product focus.
In line with giving
pets a custom and raw meal, key manufacturers of fish based pet food products
are launching different innovative and all-rounder solutions like supplements,
which are available for mixing with raw materials or to be taken additionally
by pets in order to meet the nutritional needs and fulfilling the diet.
Key Takeaways from Market Study
- The fish based pet food market is worth
of US$ 10,058.1 Mn sales in 2022.
- The fish based pet food market is poised
to expand at CAGR of 6.6% and 6.9% in East Asia and South Asia,
respectively, through 2032.
- Market share of fish based pet food in
North America and Europe are 34.3% and 25.3%, respectively, in 2022.
- The Oceania fish based pet food market
is exhibiting growth at 8.4% CAGR over the forecast period.
- In terms of nature, organic fish based
pet food segment is projected to expand at 6.2% CAGR through the forecast
period.
- Based on products, dry type is expected
to account for market share worth 38.9% in 2022.
“Fish based pet food
manufacturers are introducing new tastes and innovative packaging while
bringing in new products with different formulations that offer functional
health benefits to pets. This is expected to create lucrative opportunities for
the key players,” says a Future Market Insights analyst.
Competitive Landscape
Key manufacturers in
fish based pet food market are primarily focusing on research and development
to expand their product portfolio and enhance the quality of pet food. They are
also emphasizing on expanding their regional footprint to gain competitive edge
in the fish based pet food industry.
For instance,
- Purina® Pro Plan offers several
excellent choices for fish dog foods with SAVOR®, a rice and shredded
blend salmon formula, which contains huge amount of antioxidants and high
quality and real salmon fish as the first ingredient to provide a healthy
immune system to pets.
- The company also provides feed grain
free product, ‘NATURAL Plus Essential Vitamins and Minerals Grain Free
Tuna & Egg Formula’, in which tuna is the first ingredient, and this
formula is made without wheat, corn, or soy, which is a poultry by-product
meal without any added artificial flavors, colors, or preservatives.
Explore More Valuable Insights
Future Market
Insights, in its new report, offers an impartial analysis of the global fish
based pet food market, presenting historical data (2017-2021) and estimation
statistics for the forecast period of 2022-2032.
By Nature:
- Organic
- Conventional
By Product Type:
- Dry
- Wet
- Treats & Chews
- Others
By Pet Type:
- Cat
- Dog
- Birds
- Others
By Packaging:
- Pouches
- Bags
- Folding Cartoons
- Tubs & Cups
- Can
- Bottles & Jars
By Distribution Channel:
- Store-based retailing
- Online Retailers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Access Full Report: https://www.futuremarketinsights.com/reports/fish-based-pet-food-market