U.S. - Dog And Cat Food - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPet Food Market Report: Trends, Consumer Behaviour, Brands, and Prices 2022
The pet food market is a large and growing industry. In the United States alone, it is estimated that Americans spend over $23 billion (in wholesale prices, IndexBox data) on pet food each year. This figure is expected to grow as more and more people adopt pets.
There are a number of factors driving the growth of the pet food market. One is the increasing humanization of pets. As pets become more like family members, pet owners are increasingly willing to spend money on high-quality, nutritious food for their furry companions.
Another factor driving the growth of the pet food market is the increasing health consciousness of consumers. Pet owners are now more likely to seek out foods that will promote their pet's health and wellbeing. This trend has led to an increase in the demand for organic and natural pet foods.
Finally, the rising cost of living is also driving the growth of the pet food market. As households struggle to make ends meet, many are turning to pets as a cheaper alternative to children. Pets require less expensive food and medical care than children, making them a more affordable option for families on a tight budget.
Pricing in the Pet Food Market 2022
In recent years, the pet food market has seen a marked increase in the price of pet food. This is largely due to the increased cost of raw materials, as well as the increased demand from pet owners for premium and natural foods.
As a result of these trends, many pet food manufacturers have had to raise prices in order to keep up with costs. This has led to some pet owners switching to cheaper brands, or even making their own pet food at home.
However, there are still a large number of pet owners who are willing to pay more for premium and natural pet foods. For these consumers, price is not as much of a concern as ensuring that their pets are getting the best possible nutrition.
In March 2022, the U.S. dog and cat food export price stood at $2,436 per ton, stabilizing at the previous month. Over 1Q 2022, the most prominent rate of price growth was recorded in Feb 2022 -- an increase of 4% m-o-m. As a result, the export price attained the peak level of $2,439 per ton; afterwards, it flattened through to Mar 2022.
Prices varied noticeably by the country of U.S. pet food exports: the country with the highest price was China ($3,938 per ton), while the average price for exports to the Philippines ($1,312 per ton) was amongst the lowest.
The Future of the Pet Food Market
The pet food industry is constantly evolving to meet the needs of pet owners. The future of the pet food market looks bright, with new products and innovations that will make it easier than ever to keep our furry friends healthy and happy. Here are some of the trends that we can expect to see in the coming years:
1. Health and wellness: Pet owners are becoming increasingly aware of the importance of good nutrition for their pets. They are looking for foods that are formulated to meet their specific needs, whether that's for a particular health condition or just to maintain overall health and vitality.
2. Natural and organic: Consumers are also becoming more conscious of the ingredients in their pet's food and are opting for products made with natural and organic ingredients.
3. Convenience: In our busy lives, we want products that are easy to use and fit into our busy schedules. Look for pet food manufacturers to offer more convenient packaging options and easy-to-use online ordering systems.
4. Customization: Just as we like our coffee made just the way we like it, we now expect our pet's food to be tailored to their individual preferences and nutritional needs. Manufacturersare responding by offering more customizable options, such as mix-and-match kibble and wet food formulas.
5. Technology: The pet food industry is using technology to create products that are more effective and efficient. For example, some companies are using 3D printing to create customized pet food formulas.
6. Sustainability: As we become more aware of the impact our choices have on the environment, we are looking for products that are sustainable and eco-friendly. Pet food companies are responding with initiatives such as using recycled materials in packaging and sourcing ingredients from sustainable farms.
7. Premiumization: We are willing to spend more on products that offer superior quality and added benefits. This trend is especially strong in the pet food industry, where premium products are often seen as a better value for the money.
8. Globalization: The pet food market is becoming more global, with manufacturers looking to expand into new markets around the world. This trend is being driven by the growing demand for pet ownership in developing countries and the increasing spending power of pet owners in developed countries.
9. E-commerce: The convenience of online shopping is a major factor driving the growth of the pet food market. Consumers can now buy pet food from the comfort of their own homes, and manufacturers are taking advantage of this by offering more products through their websites and online retailers.
This report provides an in-depth analysis of the market for dog and cat food in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10921030 - Dog or cat food, p.r.s.
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
