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Organic Pet Food Market: size reached USD 22.60 billion in 2021 and is expected to reach USD 39.42 billion by 2029, growing at a CAGR of 7.2 % during the forecast period.
Organic Pet Food Market Overview:
The Organic Pet Food Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Organic Pet Food Market, as well as the reasons for variations in the industry's growth between regions.
Organic Pet Food Market Dynamic:
Consumer spending on healthcare for their pets has increased, in recent decades particularly as the “humanization” of pets grows. This rising pet ownership is providing the necessary boost to the pet-care ecosystem, which involves retail chains, pet nutrition, and services, as well as pet care services. According to the APPA National Pet Owners Survey 2021-2022, 72% of households currently have their pets. An increasing population treats their pets like their human family members and selects food based on diet regimens, like veganism. Amazon.com alone yielded millions of searches for pet food products that meet specialty diet keywords such as raw, vegan, and protein, and those with functional ingredients like pumpkin between July 2020 and July 2021. Searches for pet food characteristics including organic, low-calorie, diabetic support pet food saw as much as triple-digit growth compared to the previous years.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
Organic Pet Food Market Segmentation:
Based on Pet Type, the dog segment dominated the market in 2021 and is expected to grow in the forecast period because of the rising adoption of dogs to reduce stress and improve cardiovascular health. The growing dog population and dog owners’ concern about the health and well-being of their pets are expected to increase the market demand. Because of increased consumer awareness of pet health concerns, dog weight control and improvement have gained increasing attention. More millennial pet owners grow up in a more health-conscious scenario, showcasing the upward trend towards organic dog pet food and it is expected to grow with a similar trajectory.
Lord Jameson's holiday treats, an artisan dog bakery, announced plans to produce a limited-edition line of holiday-themed, organic dog food products in 2020, with recipes including Gingerbread, Holiday Cobbler, and Hanukkah Gelt. This collection's formulas are handmade without corn, wheat, artificial chemicals, dairy, preservatives, or GMOs, and the products are rolled in organic coconut flakes for extra nutrition and flavor.
Organic Pet Food Market Key Players:
• Purina PetCare (Nestle)
• Biopet Pet Care Pty Ltd
• Evanger's Dog & Cat Food Company, Inc.
• Newman's Own, Inc.
• Castor & Pollux Natural Petworks
• PetGuard Holdings, LLC
• Lily’s Kitchen
• Harrison’s Bird Foods
• Hill’s Pet Nutrition, Inc.
• Mars, Incorporated
• Diamond Pet Foods, etc.
• Blues Buffalo
• Benevo
• Bailey's Bowl
• Stella & Chewy's
• Honest Kitchen
• Wellness Core
• Primal
• Organix
• Diamond Naturals, Evanger's
• Kirkland Signature
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Organic Pet Food market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Organic Pet Food Market:
Due to a break in operations, end-user sectors where Organic Pet Food are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Organic Pet Food manufacturers, impacting the growth of the Organic Pet Food market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Organic Pet Food.
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Key Questions Answered in the Organic Pet Food Market Report are:
- In 2021, which segment held the highest proportion of the Organic Pet Food market?
- What is the Organic Pet Food market's competitive landscape?
- What are the primary drivers assisting Organic Pet Food market growth?
- Which region has the most market share in the Organic Pet Food market?
- What will be the Organic Pet Food market's CAGR throughout the projected period (2022-2027)?
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