Pet Treats Market Size

SkyQuest Technology's Pet treats market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Pet Treats Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Pet Treats Market Insights

Global Pet Treats Market size was valued at USD 8.35 billion in 2023 and is poised to grow from USD 9.01 billion in 2024 to USD 16.55 billion by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032). 

The global pet treats market has witnessed a rapid growth due to growth in consumer awareness regarding natural and organic food products for their pets. Consumers have become more health conscious and aware of the unhealthy productions of food products and their effect on their pets’ health. This rise in the demand for organic pet treats has pushed the producers in this market to change their focus to natural products. Products with no harmful chemicals, fertilizers GMO ingredients, pesticides, etc are gaining consumers’ attention.

At the same time, during covid there was sudden rise in adoption of pets by the individuals to overcome the stress, loneliness and depression caused dur to isolation and lockdown which also fuelled the pet treats market.

Breeders and rescue organizations, in 2020, noted a surge in requests from people looking for dogs. According to Mars Petcare, a well-known producer of pet foods, the combined sales of cat and dog treats increased by 6.5% in the 12 weeks between February and May 2020. This signifies the pet food market growth, which continued post pandemic.

Dogs are one of the most adopted pets around the world. For instance, the dog population was 604.5 million in 2022, whereas the cat population was 408.2 million globally. This can help in the market growth due to a significant number of pet owners shifting from home-cooked food to commercial food, the higher dietary needs of dogs compared to other pets, and the higher dog population.

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Pet Treats Market size was valued at USD 21.93 Billion in 2023 and is poised to grow from USD 22.85 Billion in 2024 to USD 31.76 Billion by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032).

The global pet treats market is disintegrated in nature. The major players in this market are adopting and trying out various growth strategies to stay in the market. New product launches, innovations, mergers, acquisitions, collaboration and intensive Research & Development are some of the growth strategies that are adopted by these key players to thrive in this competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions which caters to the needs and demands of pet owners. 'Nestlé Purina PetCare', 'Hill's Pet Nutrition Inc.', 'Blue Buffalo Co., Ltd.', 'The J.M. Smucker Company', 'Diamond Pet Foods Inc.', 'Deuerer GmbH', 'Nutriara Alimentos Ltda', 'WellPet LLC', 'Merrick Pet Care', 'Diamond Pet Foods Inc.', 'Sunshine Mills, Inc.', 'Ainsworth Pet Nutrition', 'Agrolimen SA', 'InVivo NSA', 'Big Heart Pet Brands', 'Unicharm Corp.', 'Doane Pet Care', 'C&D Foods Holdings Ltd.', 'Colgate-Palmolive Co.'

The growing pet population along with increasing purchasing power and pet humanization trends globally are estimated to drive the market during the forecast period. Rapid urbanization and growing love for pets among people has pushed the pet owners to opt for high-quality food and treats for their pets.

There has been significant increase in the pet expenditure from 2017 to 2022 by 24.8%. Dogs have the higher share of consumption of pet food than cats and premium pet foods being the popular choice.

Based on geography, the global Pet Treats market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among these regions, North America holds a major part of the market. It witnessed an increase of 74.7% from 2017 to 2022, due to rising pet population, higher disposable income and increasing trend for humanization of pets. North America emerged as the largest regional market with value of USD 77.43 billion.

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Global Pet Treats Market
Pet Treats Market

Report ID: SQMIG30K2053

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