Pet Snacks And Treats Market Plying for Significant Growth During 2022-2030: Grand View Research Inc.

 Pet Snacks And Treats Market Growth & Trends

The global pet snacks and treats market size is expected to reach USD 89.51 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 11.7% from 2022 to 2030. The rise in pet humanization has led to consumers spending significantly on pet snacks and treats to keep them active, healthy, and happy. Pet owners are increasingly moving from high-quality pet snacks & treats to humanized pet food options that address health concerns and contain no unnatural preservatives or genetically modified ingredients.

According to the 2021-2022 National Pet Owners Survey by the American Pet Products Association (APPA), an estimated total of 85 million families in the U.S., amounting to up to 68% of households, own some kind of a pet. This trend correlates with the growth of certain pet food segments, including healthy treats, specialty pet foods, snacks, and other premium options.

The eatables segment accounted for a significant share of the global revenue in 2021 and is expected to maintain dominance during the forecast period. The rising awareness about pet food and treats with functional benefits such as support for joints, skin, and coat health would integrate well with the growth of this segment. Increased production of cultured meat to suffice clean meat/treats for pet animals would also influence segment growth.

The dogs segment held the largest revenue share in 2021. The increasing adoption of dogs as pets across the globe would help create opportunities for key market players during the forecast period. The 2021-2022 National Pet Owners Survey conducted by the American Pet Products Association (APPA) estimates that 69.0 million households in the U.S. own a dog.

The market is consolidated in nature with the presence of a large number of international players and few regional players. Mars, Incorporated and its Affiliates; Nestlé; SCHELL & KAMPETER, INC.; The J.M. Smucker Company; Hill's Pet Nutrition, Inc.; Addiction Foods; Wellness Pet Company; Spectrum Brands, Inc.; Unicharm Corporation; and Blue Buffalo Co., Ltd are among the prominent players in the global industry.

Request a free sample copy or view report summary: Pet Snacks And Treats Market Report

Pet Snacks And Treats Market Report Highlights

• North America dominated with the largest revenue share in 2021 owing to increasing pet adoption and humanization, and rising awareness regarding pet health
• The chewables segment is anticipated to progress at a rapid CAGR of 13.2% during the assessment period, as an increasing number of pet owners provide their pets with chewable snacks and treats as they aid in keeping the teeth healthy
• The online segment is anticipated to advance at the fastest CAGR of 13.4% in the forthcoming years owing to the availability of a dynamic range of pet snacks and treats online

Access Press Release@ https://www.grandviewresearch.com/press-release/global-pet-snacks-treats-market

Pet Snacks And Treats Market Segmentation

Grand View Research has segmented the global pet snacks and treats market based on product, pet type, distribution channel, and region:

Pet Snacks And Treats Product Outlook (Revenue, USD Million, 2017 - 2030)

• Eatables
• Chewables

Pet Snacks And Treats Pet Type Outlook (Revenue, USD Million, 2017 - 2030)

• Dogs
• Cats
• Others

Pet Snacks And Treats Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Supermarkets & Hypermarkets
• Specialty Pet Stores
• Online
• Others

Pet Snacks And Treats Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players in the Pet Snacks And Treats Market

• Mars, Incorporated and its Affiliates
• Nestlé
• SCHELL & KAMPETER, INC.
• The J.M. Smucker Company
• Hill's Pet Nutrition, Inc.
• Addiction Foods
• Wellness Pet Company
• Spectrum Brands, Inc.
• Unicharm Corporation
• Blue Buffalo Co., Ltd

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.