Pet Food Market Outlook: Key Developments and Growth Opportunities
The global pet food market is entering a transformative phase, one that underscores the deepening relationship between humans and their pets. Valued at USD 132.4 billion in 2025, the market is projected to nearly double, reaching USD 247.7 billion by 2035, expanding at a steady compound annual growth rate (CAGR) of 6.5%. This growth trajectory reflects evolving consumer preferences, technological innovation, and regulatory guidance that together are reshaping the industry. Why Pet Food is Gaining Traction Pet ownership across the world has been steadily increasing, and with it comes a growing demand for quality nutrition. No longer confined to basic kibble or wet food, today’s pet diets emphasize premium ingredients, functional benefits, and formulations tailored to life stages, breeds, and even genetic profiles. Rising pet humanization has pushed manufacturers to design diets that mirror human wellness trends, including digestive health, immune support, joint care, and weigh...