Exploring the Global Pet Food Industry: 11 Key Statistics and Trends

The global pet food market is booming, with a worth of approximately $150 billion and expected growth in the coming years. This growth is driven by an increasing pet population size and potential changes in attitudes towards premium foods. Dog food dominates the market, accounting for about 60% of global pet food supply, with the U.S. leading as the largest pet food industry globally.

Here are 11 key statistics related to the pet food industry:

1. Between 700 million and 1 billion pet dogs exist worldwide.
2. There are approximately a billion cats worldwide, including strays and wild cats.
3. The global pet food market is worth around $150 billion.
4. The market is projected to grow to $180 billion by 2028.
5. Mars Incorporated and Nestle S.A. are the top two companies in the pet food market.
6. Over 35 million metric tons of pet food are produced annually.
7. Dog food accounts for about 60% of the global market.
8. Europe produces the most pet food compared to other regions.
9. 58% of pet food produced is dry food.
10. The U.S. has the largest individual pet food market, worth $60 billion annually.
11. Chewy and Amazon hold a 70% share of online pet food sales in the U.S.

With the pet food industry showing resilience and growth potential, it is clear that pets hold a special place in the hearts and homes of many around the world.