Jun 2024 | Report Format: Electronic (PDF)
Pet Snacks And Treats Market Growth & Trends
The global pet snacks and treats market size is anticipated to reach USD 79.23 billion by 2030 and is projected to grow at a CAGR of 11.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. With consumer buying habits and trends in the pet food industry constantly evolving, manufacturers are constantly enhancing their product offerings. Major players are focusing on key countries, which present strong opportunities for sales growth and the development of pet snacks & treats.
Product innovations in terms of clean-label ingredients, sustainable and eco-friendly packaging, health benefits, and longer shelf-stable life are also expected to provide lucrative opportunities for manufacturers. Players have been realizing the immense potential these new pet snacks & treats have and are focusing on creating similar options.
The most common dietary preferences of pet owners suggest a movement toward moderation and higher-quality ingredients. Consumers in the global market seek pet snacks and treats that are organic, natural, sugar-free, low-calorie, low-carb and contain plant-based ingredients. Furthermore, there is a growing demand for premium pet food and increasing interest in natural pet snacks & treats with limited ingredients and health claims such as grain-free.
Over the past few years, the demand for pet snacks & treats has been increasing significantly across the globe. With the legalization of medicinal cannabis for human consumption, pet snacks & treats manufacturers have also begun marketing cannabis-based pet products. The legalization of hemp oil and CBD for pet treats by various governments offers players a major market opportunity.
Cannabis-based products are more effective than conventional ones for treating stress, anxiety, inflammation, pain, insomnia, muscle strain, and other health issues in dogs and cats. In addition, cannabis-based foods show little to no side effects in dogs. These benefits present lucrative growth avenues for players operating in the pet snacks & treats market.
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Pet Snacks And Treats Market Report
Pet Snacks And Treats Market Report Highlights
- The eatable segment led the market with the largest revenue share of 67.41% in 2023 and is projected to grow at the fastest CAGR during the forecast period. Many pet eatables now incorporate natural ingredients like hemp and CBD, which have shown promising benefits in managing various health conditions in animals, including cancer, anxiety, sleep disorders, and epilepsy
- Based on pet type, the dogs segment led the market with the largest revenue share of 67.15% in 2023. Major market players are introducing new products to meet the growing demand for snacks and treats among dog owners
- Based on pet type, the cats segment is expected to witness at the fastest CAGR of 13.0% from 2024 to 2030. The rise in cat ownership means more cat parents are looking to provide their pets with a variety of snacks and treats. Cat owners often view treats to bond with their pets, reward them for good behavior, or simply indulge them with something tasty
- Based on distribution channel, the specialty pet stores segment led the market with the largest revenue share of 42.21%% in 2023. Specialty pet stores are expanding their offerings to include unique and exotic premium pet snacks and treats, filling a gap left by supermarkets and local shops that typically do not carry such products
- North America dominated the market with a revenue share of over 52.52% in 2023. The North American market is witnessing an inclination toward natural and clean-label diets for pets. This trend aligns with the broader consumer movement of healthier and more transparent nutritional choices, reflecting a desire among pet owners to provide their animals with nutritionally superior and wholesome options
Pet Snacks And Treats Market Segmentation
Grand View Research has segmented the global pet snacks and treats market report based on product, pet type, distribution channel, and region:
Pet Snacks And Treats Product Outlook (Revenue, USD Million, 2018–2030)
- Eatable
- Chewable
Pet Snacks And Treats Pet Type Outlook (Revenue, USD Million, 2018–2030)
- Dogs
- Cats
- Others
Pet Snacks And Treats Distribution Channel Outlook (Revenue, USD Million, 2018–2030)
- Supermarkets & Hypermarkets
- Pet Specialty Stores
- Online
- Others
List of Key Players of Pet Snacks And Treats Market
- Mars, Incorporated
- Nestlé S.A.
- The J.M. Smucker Company
- General Mills Inc.
- Colgate Palmolive Company
- Off-Leash Pet Treats
- Wellness Pet, LLC
- Merrick Pet Care
- Spectrum Brands, Inc.
- VAFO Group a.s.
