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Pet food market worldwide - statistics & facts

The pet food market covers a wide range of products, from standard kibble to natural and fresh pet food options. The market has greatly diversified in recent decades; trends in human food consumption have made their way into the pet world and are likely there to stay. Whether it be free-from, organic, or low-calorie, consumers are likely to be able to find a wide range of options while browsing in-store or online. The global pet food market is growing annually at a steady pace. Total sales reached a peak of almost 94 billion U.S. dollars in 2019.

Regional pet food industry overview

The majority of pet food revenue is produced in the United States, followed by the United Kingdom. The U.S. is, by far, the frontrunner, producing around six times as much revenue in 2020 as the second-placed UK. Food and treats make up the largest share of total pet market revenue in the U.S., followed by sales of veterinary services and products. Unsurprisingly, North America produces the largest volume of pet food in the world. Europe is also one of the front runners in pet food production, producing around 9.36 million metric tons in 2020.

Pet food companies

Mars Petcare Inc., which is headquartered in the U.S., was the leading pet food company worldwide in 2019 based on revenue. The company generated over 18 billion U.S. dollars in revenue, followed by Nestlé Purina PetCare and J.M. Smucker. The top eight pet food companies globally were all headquartered in the U.S., further showcasing the nation’s dominance in this industry. The most successful pet food company outside of the U.S. was Unicham Corp, a Japanese manufacturer.

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Pet food market worldwide

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