Table of Contents
- 1 What percentage of pet food is consumed by humans?
- 2 How much pet food is sold per year?
- 3 How big is the market for pet food?
- 4 Who sells the most pet food?
- 5 How often do pet owners buy pet food?
- 6 Who spends the most on pets?
- 7 Is the pet food industry growing?
- 8 Which pet can live more than 75 years?
- 9 What are the statistics for the pet food industry?
- 10 Who are the largest pet food companies in the US?
What percentage of pet food is consumed by humans?
Because dogs and cats consume, together, 203 ± 15 PJ/year, it is estimated that dogs and cats consume a minimum of 67 ± 17 PJ/year in animal-derived energy, which is 33% ± 9% of the animal-derived energy consumed by humans in the US or 25% ± 6% of the total.
How much pet food is sold per year?
In 2020, total pet food sales worldwide reached over 102 billion U.S. dollars. This is an increase of almost ten billion dollars since 2019.
How much do Americans spend on pet food every year?
Spending on pets per year in the U.S. 2020, by species Surveyed dog owners in the United States stated that they spent, on average, 442 U.S. dollars on pet food per year in 2020. In comparison, cat-owning respondents claimed to spend an average of 329 U.S. dollars on pet food on an annual basis.
How big is the market for pet food?
The global pet food market size was estimated at USD 87.08 billion in 2019 and is expected to reach USD 92.66 billion in 2020….
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 86.6 billion |
| Revenue forecast in 2025 | USD 90.4 billion |
| Growth Rate | CAGR of 4.5% from 2019 to 2025 |
Who sells the most pet food?
Top Global Pet Food Suppliers
| Company | 2018 Revenue | |
|---|---|---|
| 1 | Mars Petcare, Inc. | 18,085 |
| 2 | Nestlé Purina Petcare | 13,200 |
| 3 | J.M. Smucker | 2,900 |
| 4 | Hill’s Pet Nutrition | 2,318 |
Where do most people buy their pet food?
Animal lovers’ shopping behavior The most popular shopping locations for pet products are big-box stores, followed by grocery stores and chain pet stores. Those that do prefer online channels, favor them for a number of reasons.
How often do pet owners buy pet food?
Data from Packaged Facts’ July 2016 survey indicate that, in the case of dry pet food, dog owners are more frequent purchasers than are cat owners (see Table 1). Among dog owners who buy dry pet food, three out of 10 (29%) do so weekly, and another half do so either every two to three weeks or at least monthly.
Who spends the most on pets?
Consumers in the United States spent the most on pet care worldwide in 2019 – Americans spent 162 U.S. dollars on a per capita basis on such products in that year. Britain ranked in distant second place, where consumers on average spent 93 U.S. dollars per capita.
How profitable is the pet food industry?
Pet food businesses can be extremely profitable. Businesses that provide organic and gourmet pet foods can see profit margins as high as 40 percent. While the exact profit a business makes depends on how large it grows to be, a successful pet food business could break a six-figure annual profit with margins like these.
Is the pet food industry growing?
The global pet food market is expected to grow from $72.07 billion in 2020 to $75.29 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. The market is expected to reach $90.32 billion in 2025 at a CAGR of 5%.
Which pet can live more than 75 years?
Of course, the largest parrots are famous for their impressive lifespans and easily out-living their owners. For instance, with the proper care, macaw species can easily reach 50 years, but some reports show individuals that have lived to 75.
How much money do people spend on pet food?
Cat and dog owners spend about $300 a year on pet food and treats. 12% of adults with kids under 18 adopted pets due to the Covid-19 pandemic. Over 50% of cat and dog owners give their pet a Christmas gift or treat. 69% of Millennials opt for their pets’ natural and organic products. 43% of dog owners and 41% of cat owners buy premium pet food.
What are the statistics for the pet food industry?
According to the latest pet food industry statistics, e-commerce sales also grew. Amazon is among the leaders, with a 45% sales increase compared to the previous year. This incredible spike is another effect of the Covid-19 pandemic. Lockdowns and social distancing were a tremendous boost for pet food sales.
Who are the largest pet food companies in the US?
The pet store market in the United States is a highly concentrated industry with two companies, PetSmart and PetCo, accounting for about 60 percent of the market. For both dry dog and dry cat food, private label products hold the largest share of the market, followed by Pedigree and Meow Mix, respectively.
What’s the share of online pet food sales?
Reading the tea leaves, notably the online shift in pet food sales which has grown its share to 21%, Nielsen just announced it acquired GfK’s Pet Specialty Point-of-Sale (POS) business in order to support a growing range to pet-centric businesses in the U.S.