Any food prepared from plants or animals, such as meat, can be served to companion animals as pet food. Pet food contains a variety of ingredients, including grains and oilseeds, fruits and vegetables, minerals, and vitamins. In pet food ingredients, vitamins, fiber, protein, carbohydrates, and calcium are all abundant. In recent years, there has been a noticeable increase in the demand for high-quality pet food items as pet owners have become more aware of the benefits of providing their animals with healthful diet. As a result, more upscale pet food items made with superior ingredients are created.
According to SPER market research, United States Pet Food Market Size- By Pet Type, By Distribution Channel, By Product Type, By Pricing Type, By Ingredient Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the United States Pet Food Market is predicted to reach USD 62.46 Billion by 2033 with a CAGR of 4.1%.
Adoption of companion animals has surged because more people are choosing to live childless or alone lives. Therefore, it is anticipated that the sector will grow due to a sizeable market for healthy pet food. The rising demand for pet food in recent years has resulted from the growing popularity of fish, dogs, cats, and birds as household pets. With more cats and dogs being adopted, there is an increasing demand for pet food, accessories, and medications. High-quality protein and omega-3 fatty acids are common elements in pet food. When these substances are added to food, the feed's nutritional content is increased and benefits like faster growth are provided.
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Impact of COVID-19 on United States Pet Food Market
Changes in demographics, particularly the rise of the millennial age, are major drivers of the US market. Due to their strong ethical beliefs, attention on health and wellness, and willingness to spend more for high-quality pet products, these generations have an impact on the market's growth. The public's fast-paced lifestyles are another factor driving the pet food industry. The pet food market benefited from increases in pet adoption, the appeal of premium pet food, and modifications in manufacturer strategies. Anticipating the worst, pet owners hoarded pet food during the 2020 shutdown, briefly boosting sales, particularly in the most affected areas. As to the American Pet Products Association, there was a rise in the sales of pet food and treats in the US. General Mills' Blue Buffalo division reported strong sales in the middle of March, and the company expects strong pet food sales to continue.
US Pet Food Market Key Player
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Big Heart Pet Brands, Blue Buffalo Company, Champion Petfoods, Diamond Pet Foods, Hill's Pet Nutrition, Mars Petcare Inc., Merrick Pet Care, Nestlé Purina PetCare, Spectrum Brands Holdings, WellPet LLC, Others.
United States Pet Food Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
Pet Type: Based on the Pet Type, United States Pet Food Market is segmented as; Dog Food, Cat Food, Others.
By Distribution Channel: Based on the Distribution Channel, United States Pet Food Market is segmented as; Online, Specialty Stores, Supermarkets and Hypermarkets, Others.
By Product Type: Based on the Product Type, United States Pet Food Market is segmented as; Dry Pet Food, Snacks and Treats, Wet and Canned Pet Food.
By Pricing Type: Based on the Pricing Type, United States Pet Food Market is segmented as; Mass Products, Premium Products.
By Ingredient Type: Based on the Ingredient Type, United States Pet Food Market is segmented as; Animal Derived, Plant Derived.
By Region: This research also includes data for Central Region, North Region, South Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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