Future Market Insights Global and Consulting Pvt. Ltd.
As per FMI, the U.S. natural pet grocery store is anticipated to generate a share of nearly 65% in North America within the forecast period. Canned pet food category is prone to be value US$ 5.1 Bn within the evaluation period in North America, accounting for nearly 34% of the worldwide canned grocery store value
NEWARK, Del, Aug. 17, 2022 (GLOBE NEWSWIRE) — The worldwide natural pet grocery store is ready to witness growth at a CAGR of 4.8% from 2022 to 2032 and is anticipated to succeed in a valuation of around US$ 21.5 Bn by 2032.
Natural pet food is composed of organic ingredients which might be freed from 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 amongst consumers regarding negative effects of synthetic pet food on the health of pets and rising pet anthropomorphism are anticipated to drive the worldwide market. In North America and Europe, many pet owners consider their pets to be members of the family and thus human-grade proteins are sometimes fed to pets.
Pet owners have gotten more conscious of their pets’ health and placing a greater emphasis on the food’s safety and dietary efficacy. Owing to the expanding pet population world wide, the market is predicted to grow throughout the forecast period.
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Nevertheless, high cost of natural pet food and lack of understanding about organic food amongst pet owners residing in developing countries are hindering growth in the worldwide 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 worldwide natural pet grocery store share over the forecast period.
The North America natural pet grocery store is predicted to witness lucrative growth at a CAGR of 5.9% throughout the forecast period.
By product type, the wet and canned pet food segment is prone to account for 2/5th of the worldwide natural pet food consumption through 2032.
Based on source, the animal derived segment is predicted to carry a market share of over 40% within the forecast period.
The worldwide natural pet grocery store grew at a CAGR of roughly 4.3% during the last half-decade.
“Rising adoption of unique promoting techniques by key players and increasing launch of pet health awareness campaigns by government bodies are prone to drive sales of natural pet food in the subsequent decade,” says a Future Market Insights analyst.
Competitive Landscape: Natural Pet Food Market
Natural pet food has develop into a big a part of the worldwide pet food industry. To achieve control of the pet grocery store, major firms have began entering the natural and organic pet food business. These firms have robust financial stability and distribution networks that allow them to diversify their portfolios through acquisitions and latest product releases, ensuring that pet owners’ feed selections remain consistent over time.
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Explore More Helpful Insights on Natural Pet Food Market
Future Market Insights, in its latest report, offers an impartial evaluation of the worldwide Natural Pet Grocery store, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on pet type (cat [kitten and senior], dog [puppy, adult and senior], and others), product type (frozen pet food, wet pet food, dehydrated pet food, and others), source (animal derived, plant derived, and bug derived), and distribution channel (supermarkets & hypermarkets, specialty stores, online stores, and others) across seven major regions of the world.
Natural Pet Food Market Outlook by Category
By Pet Type:
By Product Type:
Dry Pet Food
Wet and Canned Pet Food
Snacks and Treats
By Distribution Channel:
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About Food & Beverage Division at Future Market Insights
The food and beverage team at Future Market Insights provides all of the essential insights and consulting evaluation to satisfy the unique business intelligence needs of clients worldwide. With a catalog of greater than 500 reports pertaining to the most recent statistics and evaluation from the food & beverage industry, the team is blissful to assist with every business intelligence research and consulting requirement.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Evaluation
1.5. Evaluation and Recommendations
2. Market Overview
2.1. Market Cover Pet Type / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
Read More Toc
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