The global pet snacks and treats market is mainly driven by the growing interest in pet adoption in Asia Pacific, North America, and Europe, according to the latest research report from Market Research Future (MRFR). The global pet snacks and treats market consists of chewables and eatables given to pets as appreciation or for nutrition supplementation. This is a highly profitable market at present due to the increasing interest in pet adoption and increasing awareness about the various kinds of nutrients needed by pets. The growing disposable income of consumers is likely to drive the global pet snacks and treats market over the forecast period.
Competitive Analysis:
Leading players in the global pet snacks and treats market include Addiction Foods, Charlee Bear Products, Diamond Pet Foods, LUPUS Food, the J. M. Smucker Company, Colgate-Palmolive Company, Nestle S.A., and Mars Inc.
In August 2019, the CDC traced an outbreak of salmonella in 33 states to a type of dog treat known as pig ear treats. While dogs love the greasy pig ear treats, the product has been linked to salmonella in a large number of cases, leading to CDC and FDA warnings about the product.
Segmentation:
The global pet snacks & treats market has been segmented based on type, pet, category, distribution channel, and region.
By type, the global pet snacks & treats market has been classified as chewables and eatables.
On the basis of pet, the global pet snacks & treats market has been divided into dogs, cats, birds, fish, and others. Dogs and cats are likely to dominate the global pet snacks and treats market in the coming years.
The global pet snacks & treats market has been segregated on the basis of category, into conventional and organic. The demand for organic pet snacks and treats is increasing. However, conventional treats and snacks are likely to be a major revenue generator in the global market.
By distribution channel, the global pet snacks & treats market has been classified as store based and non-store based. The store based segment is further segregated into supermarket and hypermarket, specialty stores, specialty stores, and others. The store-based distribution channel holds the dominant share at present. However, non-store-based distribution channels such as ecommerce are likely to exhibit solid growth over the forecast period.
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Regional Analysis:
North America is expected to dominate the global pet snacks and treats market over the forecast period due to the increasing pet ownership numbers in the region. Increasing disposable income of consumers in the region has led to a growing demand for pets, thus leading to a growing demand for pet snacks and treats. The North America market is mainly driven by the cat and dog segments, however the growing demand for exotic pets such as armadillos and chimpanzees in the U.S. is also likely to remain a key driver for the pet snacks and treats market over the forecast period. Increasing demand for pet-specific treats and snacks is likely to be a key feature of the market growth in North America over the forecast period, as dog owners and cat owners in particular like to feed their pets with specific foods designed for their consumption. This is likely to be a key driver for the global pet snacks and treats market over the forecast period.
Europe holds the second place in the global pet snacks and treats market. The increasing interest in pet ownership in Europe is likely to remain the key driver for the pet snacks and treats market in Europe over the forecast period. Increasing presence of leading pet food manufacturers in Europe is also likely to drive the pet snacks and treats market in Europe over the forecast period. The growing demand for pet-specific and even breed-specific treats and snacks is likely to drive the Europe market for pet snacks and treats over the forecast period.
Asia Pacific is likely to exhibit growth at a higher growth rate than either North America or Europe over the forecast period.
