Pet Nutrition

Pet Nutrition is a rapidly growing field, driven by increasing pet humanization trends, upgraded nutritional awareness, and high-end products. The pet nutrition industry is thriving, and dog and cat food sales are projected to reach $51.7 billion in 2024, which demonstrates pets' consumer loyalty to premium pet nutrition, based on PetFood Industry estimates.

In conducting our pet nutrition study, we surveyed the broadening sectors that are changing how we care for animal diets. The pet dietary supplements sector has good growth momentum. The USD 4.4 billion veterinary dietary supplements sector in 2023 is likely to experience a CAGR of 6.8% from 2024 to 2032, reflecting an accelerating interest in preventive care and targeted nutritional support that is enhancing animal wellness. The pet herbal supplements sector reported USD 935.5 million in 2023, with strong growth anticipated at a 10.5% CAGR from 2024 to 2032, driven by interest in holistic and natural pet care.

Local market trends show the U.S. pet food and treat sector valued at USD 47.7 billion in 2024, with around 55% represented via alternative formats such as canned, semi-moist, refrigerated pet food, and treats, which is demonstrating consumer shifts away from the classic kibble formats. Supporting nutritional ingredients include animal feed protein projected at over USD 309 billion in 2023, growing at 4.9% CAGR from 2024 to 2032, and animal feed antioxidants projected at USD 362.20 million in 2023, growing at 5.3% CAGR to 2032.

Emerging trends target intestinal health supplements, also known as digestive health supplements, with interest regarding high quality protein sources, functional ingredients, and personalized nutrition solutions. Integration of technology, sustainability practices, and regulatory compliance is lifting product quality, safety standards, and consumer trust in all pet nutrition categories.