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  • RIMC & URC Pet Food Market PPT New Deck

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    Karen Claire Horca
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    The pet food market is large and growing globally. The market was worth $119.59 billion in 2023 and is projected to reach $153.36 billion by 2028, growing at a 5.1% CAGR. North America is the largest market while Asia-Pacific is the fastest growing region. In the US, pet food sales are increasing as owners prioritize pet care. New ingredients and flavors are being introduced, and online retailers like Chewy and Amazon now dominate sales. Major brands include Purina, Mars, and Smucker. In the Philippines, pet ownership and expenditures rose during the pandemic. Dry dog food and wet cat food are the top sellers, while vitamins and treats are popular supplementary products. Dry

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    The pet food market is large and growing globally. The market was worth $119.59 billion in 2023 and is projected to reach $153.36 billion by 2028, growing at a 5.1% CAGR. North America is the largest market while Asia-Pacific is the fastest growing region. In the US, pet food sales are increasing as owners prioritize pet care. New ingredients and flavors are being introduced, and online retailers like Chewy and Amazon now dominate sales. Major brands include Purina, Mars, and Smucker. In the Philippines, pet ownership and expenditures rose during the pandemic. Dry dog food and wet cat food are the top sellers, while vitamins and treats are popular supplementary products. Dry

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    6 views17 pages

    RIMC & URC Pet Food Market PPT New Deck

    Uploaded by

    Karen Claire Horca
    The pet food market is large and growing globally. The market was worth $119.59 billion in 2023 and is projected to reach $153.36 billion by 2028, growing at a 5.1% CAGR. North America is the largest market while Asia-Pacific is the fastest growing region. In the US, pet food sales are increasing as owners prioritize pet care. New ingredients and flavors are being introduced, and online retailers like Chewy and Amazon now dominate sales. Major brands include Purina, Mars, and Smucker. In the Philippines, pet ownership and expenditures rose during the pandemic. Dry dog food and wet cat food are the top sellers, while vitamins and treats are popular supplementary products. Dry

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 17

    Pet Food

    Market
    Overview
    Robina AgriPartners Kabalikat
    Innovation Day
    October 20, 2023
    Quezon City
    Global Pet Food
    Market Overview
    A. Global Pet Food Market Overview

    Current Market Size and


    CAGR
    Market Size (2023) USD 119.59 Billion

    Market Size (2028) USD 153.36 Billion

    CAGR (2023 - 2028) 5.10 %

    Fastest Growing Market Asia-Pacific

    Largest Market North America


    Source: Mordor Intelligence
    A. Global Pet Food Market Overview

    Top 10 Dog and Pet Food Markets (2013-2022)


    Market Total Value (USD)
    Canada $1.12 Billion
    China $264.2 Million
    Mexico $177.93 Million
    Japan $135.15 Million
    Australia $127.72 Million
    European Union $64.82 Million
    South Korea $61.8 Million
    Colombia $54.95 Million
    Philippines $52.58 Million
    Costa Rica $48.23 Million

    Source: USDA (Dog & Cat Food)


    A. Global Pet Food Market Overview

    Key Global Trends

    Increased Pet Adoption

    Rising Pet Humanization

    Personalized Pet Food

    Rising Pet Ownership in Developing Economies

    Source: Mordor Intelligence


    A. Global Pet Food Market Overview

    Key Global Trends

    Innovation by Pet Food Manufacturers

    Growing Online Sales Channels

    Dominance of North America

    High Demand for Dog Food

    Source: Mordor Intelligence


    US Pet Food Market
    Overview
    B. US Pet Food Market Overview

    Trends
    Pet Food Sales
    Increased willingness to prioritize and pay premium
    prices for pet care

    New and Exotic Ingredients and Flavors


    CBD Aroma found in
    human food
    Ingredients found
    in human food Insects Plant-based
    proteins
    Cannabidiol from To improve the Common ingredients Influenced by veganism
    hemp in the form of palatability of kibble Pet food now are mealworms, black in humans; Addresses
    soft chews or oil for humanizing aromas such includes meat fruits, soldier fly larvae, and health concerns of meat
    healthy joints and as BBQ, caramel, pizza, and vegetables crickets as alternative consumption among
    better cardiovascular peanut butter, and roast instead of the usual protein sources. pets such as allergy
    function beef are added grain and cereals
    B. US Pet Food Market Overview

    Trends
    E-commerce store Market Share
    PetSmart Petco
    4% 3%
    Walmart
    9%
    Chewy
    Top E-commerce Stores
    36% • Chewy
    All Others
    14% • Amazon
    • Walmart
    • PetSmart
    • Petco
    Amazon
    34%

    Source: Bloomberg Intelligence


    B. US Pet Food Market Overview

    Trends
    Leading Brands Market Share
    Others
    25% Purina
    29% Leading Brands
    • Purina
    • Mars
    • J.M. Smucker
    Private Labels
    8% • Private Labels
    Blue Buffalo • Hill's
    Mars
    6%
    Hill's 17% • Blue Buffalo
    7% J.M. Smucker
    8%
    Source: Bloomberg Intelligence
    Philippine Pet Food
    Market Overview
    C. Philippine Pet Food Market Overview

    Trends

    Attachment to Pets
    Higher adoption rates during the pandemic, increased pet
    humanization, and higher expenditures for pet care
    Highest Pet Food Sales

    Pet Food Sales


    Generic dry dog food
    Mid-priced wet cat food
    C. Philippine Pet Food Market Overview

    Supplementary Products Vitamins and Minerals

    Multivitamins Bones & Joint Supplements Skin & Coat Supplements

    Performance & Appetite Enhancer Probiotics Ascorbic Acid


    Source: Internal Store Check
    C. Philippine Pet Food Market Overview

    Supplementary Products Pet Treats

    Meat Jerky Dog Treats Stix Dog Treats Freeze Dried Pet Treats

    Freeze Dried Food Toppers Cat Treats Catnip


    Source: Internal Store Check
    C. Philippine Pet Food Market Overview

    Import Data of Wet and Dry Pet Food


    Amount in $ (CIF)

    USD 62,569,719.00 USD 967,610.72


    Dry Food Wet Food
    98.5% 1.5%

    Source: Bureau of Importation Services


    C. Philippine Pet Food Market Overview

    Import Data of Wet and Dry Pet Food


    L. COST (PhP)

    PhP 3,496,650,220.42 Php 54,130,031.28


    Dry Food Wet Food
    98.5% 1.5%

    Source: Bureau of Importation Services

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