- Global organic pet food market projected to reach $29.2 billion by 2031.
- Market forecast reflects a compound annual growth rate (CAGR) of 4.8%.
- Dogs remain the largest segment of the market.
- North America currently leads global sales, while Asia-Pacific is expected to see the fastest growth.
A new report from Allied Market Research estimates the global organic pet food market will grow to $29.2 billion by 2031, up from $18.7 billion in 2021, representing a compound annual growth rate of 4.8%.
According to the report, growth is being driven by increasing pet ownership, continued pet humanization trends and demand for premium, natural and organic nutrition products.
Dogs remain the largest segment of the market, while dry food continues to account for the largest share among product categories. North America currently represents the largest regional market, although Asia-Pacific is expected to experience the fastest growth during the forecast period.
The report identifies major industry participants including Mars, Nestlé, Hill’s Pet Nutrition, Diamond Pet Foods, Lily’s Kitchen and Oxbow Animal Health.
Sources:
Organic Pet Food Market Report: https://www.alliedmarketresearch.com/request-sample/17291
Pet Food Market: https://www.alliedmarketresearch.com/pet-food-market
Wet Cat Food Market: https://www.alliedmarketresearch.com/wet-cat-food-market
Pet Supplement Market: https://www.alliedmarketresearch.com/pet-supplement-market-A06522
Information sourced from an Allied Market Research report announcement.
