Organic Pet Food Market to grow at a CAGR of 7.2 percent to

Pune, Sept. 25, 2023 (GLOBE NEWSWIRE) — As per Maximize Market Research, a global Healthcare research firm, the total market opportunity for Organic Pet Food is USD 39.41 Bn in 2029 from USD 24.22 Bn in 2022 at a CAGR of 7.2 percent. The report on the “Organic Pet Food Market”, recently published by Maximize Market Research is available in the market, which indicates huge growth for the manufacturers during the forecast period.

Organic Pet Food Market Report Scope and Research Methodology

Market Size in 2022 USD 24.22 Bn.
Market Size in 2029 USD 39.41 Bn.
CAGR 7.2% (2023-2029)
Forecast Period 2023-2029
Base Year 2022
Number of Pages 291
No. of Tables 121
No. of Charts and Figures 117
Segment Covered Pet Type, Product Type, Distribution Channel, Flavor and Pet Life-Stage
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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The main objective of the report is to provide a comprehensive analysis of the Organic Pet Food Market in simple language. It offers a detailed analysis of the market trends at local, regional and global levels with key drivers, upcoming opportunities, major restraints and upcoming challenges which makes it an investor’s guide. The report also provides detailed information on the Organic Pet Food key players in the industry. It covers the mergers and acquisitions, strategic alliances, joint ventures, and partnerships happening in the Organic Pet Food industry by region, by investment, and strategic intent.

To estimate the Organic Pet Food Market size, the bottom-up approach was used. The report includes a PESTLE analysis, which aids in the development of strategies of the Organic Pet Food players and a SWOT analysis was used to provide the strengths and weaknesses of the Organic Pet Food industry. It also includes Porter’s Five Forces model that provides a detailed analysis of the competitive landscape, new entrants in the market, supplier power, end-user power, and the threats of substitutes in the Organic Pet Food Market.

Organic Pet Food Market Overview

The rising popularity of organic pets food as a result of greater humanization of pets and high spending on pet products is highly contributing to the organic pet market. The same buying habits are adopted by the pet owners as the people who buy organic products. To avoid the negative effects of the synthetic and chemical ingredients, which are included in commercial pet food, they demand clean label organic pet foods. With the increasing demand for organic pet food, the market has become highly competitive.

Organic Pet Food Market Dynamics

The growing e-commerce has made it easier for pet owners to access a wide range of organic pet food products. Online platforms offer convenience and access to a broader selection, which drives the sales in the market. Organic Pet Food Manufacturers are constantly innovating to cater to the diverse preferences of pet owners. They introduce new flavors, formulations, and packaging options to make organic pet food more appealing. Organic pet food brands are increasing their presence into new markets and regions, resulting in Organic Pet Food market growth. As awareness of organic options spreads, more consumers are adopting these products.

Despite the growth, there are challenges in the market, including higher production costs, supply chain disruptions, and price sensitivity among some consumers. Balancing the cost of production with affordable pricing is a major challenge for manufacturers.

Organic Pet Food Market Regional Insights

The North American Organic Pet Food Market held the largest revenue share in 2022. The increasing consumer knowledge of pet health and pet ownership is increasing the demand for organic pet food. The introduction of private-label retail brands, as well as growing urbanization with disposable income are the primary factors for the regional market growth.

The European Organic Pet Food Market is expected to grow at a CAGR of 6.5 percent during the forecast period. This is attributed to the rising awareness among consumers about the health and well-being of their pets. The pet owners in the region are becoming more concerned about the quality of food they are feeding their pets and due to this they are increasingly demanding organic pet food products.

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Organic Pet Food Market Segmentation

By PetType

Based on Type, the Dog segment dominates the global market in 2022 and is expected to grow during the forecast period due to the rising adoption of dogs to reduce stress and improve cardiovascular health. The rising popularity of nuclear households and the increasing preference of customers for dogs as companions and security are contributing to the growth of the segment.

By Product Type

Based on Product Type, the Dry Food segment dominates the global market with the largest Organic Pet Food Market share. The growth of the segment is due to the advantages associated with dry organic pet food such as convenience in cleaning teeth and enriching environment. The increasing premiumization by manufacturers of pet food is also contributing to the growth of a segment.

By Distribution Channel

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Retail
  • Others

Based on Distribution Channel, the Online Retail segment is expected to grow rapidly because of the increasing number of online sales channels such as Amazon, Flipkart, and others with the rising smartphone penetration. An easy accessibility of organic pet food over a range of sites, from modern trade to online sales channels, has contributed to the growth of a segment.

By Flavor

By Pet Life-Stage

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Organic Pet Food Key Competitors include:

  • Purina PetCare (Nestle)
  • Biopet Pet Care Pty Ltd
  • Evanger’s Dog & Cat Food Company, Inc.
  • Newman’s Own, Inc.
  • Castor & Pollux Natural Petworks
  • PetGuard Holdings, LLC
  • Lily’s Kitchen
  • Harrison’s Bird Foods
  • Hill’s Pet Nutrition, Inc.
  • Mars, Incorporated
  • Diamond Pet Foods, etc.
  • Buffalo Blues
  • Benevo
  • Bailey’s Bowl
  • Stella & Chewy’s
  • Honest Kitchen
  • Wellness Core
  • Primal
  • Organix
  • Diamond Naturals, Evanger’s
  • Kirkland Signature

Key questions answered in the Organic Pet Food Market are:

  • What is Organic Pet Food?
  • Which segment of the Organic Pet Food Market is expected to grow rapidly during the forecast period?
  • What are the global trends in the Organic Pet Food Market?
  • What are the upcoming industry applications and trends for the Organic Pet Food Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for Organic Pet Food Market?
  • What growth strategies are the players considering increasing their presence in the Organic Pet Food Industry?
  • What are the major challenges that the Organic Pet Food Market could face in the future?
  • Which region held the largest Organic Pet Food Market share in 2022?
  • Which regional Organic Pet Food Market is expected to grow at a high CAGR during the forecast period?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segments | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Pet Type, Product Type, Distribution Channel, Flavor, Pet Life-Stage and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional players
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is a leading Food & Beverages research firm, has also published the following reports:

Pet Food MarketThe market size is expected to reach USD 137.77 billion by 2029 at a CAGR of 4.8 percent during the forecast period. The market is expected to be driven by the rising concerns of pet owners regarding the health of pets.

Raw Pet Food Market The market size is expected to reach USD 195.84 billion by 2029 at a CAGR of 5.2 percent during the forecast period. The market is expected to be driven by the rising adoption of vegan eating habits and the purchase of cruelty-free products by millennials, which is resulting in vegan choices for their pets too.

Pet Food Packaging Market The market size is expected to reach USD 23.65 billion by 2029 at a CAGR of 6 percent during the forecast period. The North A, American market dominated the global market with a share of 43 percent in 2022.

Hemp-based Food Market The market size is expected to reach USD 8.09 billion by 2029 at a CAGR of 6.9 percent during the forecast period. The market is driven by the growing food sector and the increasing demand for organic hemp-based food products among individuals.

Ready-to-Eat Food Market The market size is expected to reach USD 566.76 Billion by 2029 at a CAGR of 14.93 percent during the forecast period. The Asia Pacific market is expected to grow at a high CAGR during the forecast period due to the changing lifestyles of consumers coupled with increasing disposable incomes of the middle-class population.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communications, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To name a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


            

By hadem