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Organic Pet Food Market Size
Organic Pet Food Market size is poised to grow with a lucrative CAGR from 2024 to 2032, on account of the rising pet adoption across the globe. Changing lifestyles and nuclear family structure are creating a pressing need for companionship and many are turning to owning pets to get rid of their loneliness or avoid living alone. For instance, in 2022, the number of U.S. households owing pets was 87 million.
There is a notable focus on pet well-being, fueling the sales of different pet products, including organic pet food. Owners often prioritize the health of their pets and have a strong desire to help them lead healthy lives. With correct nutrition being key to these goals, many are turning to organic pet food products.
Organic Pet Food Market Trends
The growing trend of eating organic food is proven to lead to improved coat and skin appearance, healthy weight, and high energy levels in pets. These foods are loaded with amino acids, minerals, fatty acids, vitamins, and proteins. They are free of artificial flavors, colors, allergen, and preservatives, and often emulate the natural diets of the animals they’re intended for. They can also be tailor-made for the pet animals based on their type and age. Many owners also treat organic food as a way improve pet’s immune responses so as to avoid costly, and often painful vet visits.
Organic pet foods currently make up just a small portion of the overall pet food sector. Many pet food manufacturers are also being forced to comply with organic labels for human food in the existing industry scenario due to the unavailability of a set regulation for pet foods, which restrains market demand.
Organic Pet Food Market Analysis
Based on animal, the organic pet food industry from the dog food segment is expected to generate substantial revenues by 2032, led by the growing adoption of dogs for the improvement of cardiovascular health and stress reduction. Product innovations in the dog food are likely to contribute to segment expansion. Citing an instance, in September 2023, Omni, a British pet food company, recently introduced its inaugural plant-based dog food option, designed to mimic the taste and texture of meat. This launch strategically taps into the increasing desire for sustainable pet food alternatives.
Based on product, the dry pet food segment is anticipated to witness remarkable gains by 2032. The dry pet food has a lower volume and weight as compared to the wet counterpart, making it easier to store. In addition, dry organic pet food offers convenience while cleaning the animals’ teeth. They also do not need to be refrigerated once opened and has a longer shelf-life.
Europe organic pet food market is anticipated to register notable gains by 2032, on account of a surging number of pet owners in the region. As per European Pet Food Federation (FEDIAF) 2022, 46% of households in Europe own companion animals, which created a strong demand for organic pet food for better health and well-being of the pets. In fact, Europe industry is likely to foresee an annual growth rate of 3.1% on the back of this demand.
Organic Pet Food Market Share
The leading organic pet food industry players include:
- Nestle
- Party Animal
- Newman’s Own
- Harrison’s Bird Foods
- PetGuard
- Lily’s Kitchen
- BIOpet Pet Care Ltd.
- Evanger’s Dog & Cat Food Company, Inc.
- Organic Pet Boutique.
Many of these companies are prioritizing mergers and acquisitions to reinforce their industry position.
Organic Pet Food Industry News
- In November 2022, Mars Petcare, part of Mars, Inc., an American pet food company, announced that it has entered into a definitive agreement to acquire Champion Petfoods, a supplier of premium pet food in the natural category. The deal will help broaden Mars Petcare’s existing pet food portfolio by adding products in the premium pet food category.