The global natural
pet food market is set to witness growth at a CAGR of 4.8% from
2022 to 2032 and is anticipated to reach a valuation of around US$ 21.5
Bn by 2032.
Natural pet food is composed of organic ingredients
that are free of synthetic pesticides, fertilizers, antibiotics, artificial
coloring, and chemical by-products to lower allergies, skin problems, and
digestive issues in pets. It also enhances immunity, life expectancy, and
weight stability of pets.
Increasing awareness among consumers regarding negative
effects of synthetic pet food on the health of pets and rising pet
anthropomorphism are anticipated to drive the global market. In North America
and Europe, many pet owners consider their pets to be family members and thus
human-grade proteins are often fed to pets.
Pet owners are becoming more conscious of their pets’ health
and placing a greater emphasis on the food’s safety and nutritional efficacy.
Owing to the expanding pet population around the world, the market is expected
to grow during the forecast period.
However, high cost of natural pet food and lack of knowledge
about organic food among pet owners residing in developing countries are
hindering growth in the global natural pet food industry.
Key Takeaways: Natural Pet Food Market
- Based
on pet type, the dogs segment is anticipated to account for over 50% of
the global natural pet food market share over the forecast period.
- The
North America natural pet food market is expected to witness lucrative
growth at a CAGR of 9% during the forecast period.
- By
product type, the wet and canned pet food segment is likely to account
for 2/5th of the global natural pet food
consumption through 2032.
- Based
on source, the animal derived segment is expected to hold a market share
of over 40% in the forecast period.
- The
global natural pet food market grew at a CAGR of roughly 3% over
the last half-decade.
“Rising adoption of unique advertising techniques by
key players and increasing launch of pet health awareness campaigns by
government bodies are likely to drive sales of natural pet food in the next
decade,” says a Future Market Insights analyst.
Competitive Landscape: Natural Pet Food Market
Natural pet food has become a significant part of the global
pet food industry. To gain control of the pet food market, major firms have
started entering the natural and organic pet food business. These companies
have robust financial stability and distribution networks that allow them to
diversify their portfolios through acquisitions and new product releases,
ensuring that pet owners’ feed choices remain consistent over time.
Read More: https://www.futuremarketinsights.com/reports/natural-pet-food-market