Pet Food Processing - September 2024 - 8

cautious
The pet food and treat market keeps expanding as
the industry sets its sights on record sales by 2030.
By Kimberlie Clyma | kclyma@sosland.com
If industry predictions remain true, sales in the pet care
market will top $250 billion by 2030, according to the
American Pet Products Association (APPA). Of this, pet
food and treat sales are anticipated to reach around $112
billion in sales. In order to reach these lofty goals, pet
food and treat manufacturers need to continue product
innovation and stay closely tuned to the evolving demands
of pet parents.
Market research provider Euromonitor International
predicts global pet food sales will reach $151.8 billion
in 2024, a 7.6% increase from 2023. The United States is
set to achieve $61.9 billion in pet food sales, an increase
of 5.1% over the year prior. In 2024, dog food sales in
the United States rose 8.4% to $42.1 billion and cat food
sales increased 10.1% to $18.5 billion.
US dog and cat food exports reached $2.41 billion
in 2023, according to the USDA Foreign Agricultural
Service, with the top five export markets being Canada
($1.2 billion), China ($257 million), Mexico ($206 million),
Japan ($122 million) and Australia ($89 million).
According to the APPA and its State of the Industry
Report, total industry sales topped $147 billion in 2023,
an increase of about $10.2 billion (7.45%) from 2022.
* $64.41 billion was spent on pet food and treats (a
10.8% increase from 2022)
* $38.3 billion was spent on veterinary care and
product sales (a 6.7% increase over 2022)
* $32 billion was spent on pet supplies, live animals
and OTC medication (a 1.6% increase from 2022)
* $12.3 billion was spent on other services, including
grooming, dog walking and boarding (a 7.9%
increase over 2022)
" The data has shown that the pet industry has remained
incredibly strong since 2009 despite wide-scale
economic challenges, " said Peter Scott, president and
chief executive officer of APPA, following the release of
the State of the Industry data. " While there are signs of
slowing, the industry is resilient, especially compared to
other industries. In fact, we forecast the industry's expenditures
to top $250 billion by 2030. "
According to Chicago-based market research firm
Circana, almost all pet food formats saw growth be44%
households
have a dog
63% 30%
of US households
own a pet
Source: American Pet Products Association
households have a cat
8 PET FOOD PROCESSING | September 2024 | www.petfoodprocessing.net
2024
Pet Food Sales
Global
United States
2024 sales*
(in billions)
$151.8
$61.9
Source: Euromonitor International; *2024 estimated year-end sales
Growth %
2023 to 2024
7.6%
5.1%
Illustrations by ©PCH.Vector - stock.adobe.com

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Pet Food Processing - September 2024

Table of Contents for the Digital Edition of Pet Food Processing - September 2024

Pet Food Processing - September 2024 - Intro
Pet Food Processing - September 2024 - 1
Pet Food Processing - September 2024 - 2
Pet Food Processing - September 2024 - 3
Pet Food Processing - September 2024 - 4
Pet Food Processing - September 2024 - 5
Pet Food Processing - September 2024 - 6
Pet Food Processing - September 2024 - 7
Pet Food Processing - September 2024 - 8
Pet Food Processing - September 2024 - 9
Pet Food Processing - September 2024 - 10
Pet Food Processing - September 2024 - 11
Pet Food Processing - September 2024 - 12
Pet Food Processing - September 2024 - 13
Pet Food Processing - September 2024 - 14
Pet Food Processing - September 2024 - 15
Pet Food Processing - September 2024 - 16
Pet Food Processing - September 2024 - 17
Pet Food Processing - September 2024 - 18
Pet Food Processing - September 2024 - 19
Pet Food Processing - September 2024 - 20
Pet Food Processing - September 2024 - 21
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Pet Food Processing - September 2024 - 24
Pet Food Processing - September 2024 - 25
Pet Food Processing - September 2024 - 26
Pet Food Processing - September 2024 - 27
Pet Food Processing - September 2024 - 28
Pet Food Processing - September 2024 - 29
Pet Food Processing - September 2024 - 30
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Pet Food Processing - September 2024 - 34
Pet Food Processing - September 2024 - 35
Pet Food Processing - September 2024 - 36
Pet Food Processing - September 2024 - 37
Pet Food Processing - September 2024 - 38
Pet Food Processing - September 2024 - 39
Pet Food Processing - September 2024 - 40
Pet Food Processing - September 2024 - 41
Pet Food Processing - September 2024 - 42
Pet Food Processing - September 2024 - 43
Pet Food Processing - September 2024 - 44
Pet Food Processing - September 2024 - 45
Pet Food Processing - September 2024 - 46
Pet Food Processing - September 2024 - 47
Pet Food Processing - September 2024 - 48
Pet Food Processing - September 2024 - 49
Pet Food Processing - September 2024 - 50
Pet Food Processing - September 2024 - 51
Pet Food Processing - September 2024 - 52
Pet Food Processing - September 2024 - 53
Pet Food Processing - September 2024 - 54
Pet Food Processing - September 2024 - 55
Pet Food Processing - September 2024 - 56
Pet Food Processing - September 2024 - 57
Pet Food Processing - September 2024 - 58
Pet Food Processing - September 2024 - 59
Pet Food Processing - September 2024 - 60
Pet Food Processing - September 2024 - 61
Pet Food Processing - September 2024 - 62
Pet Food Processing - September 2024 - 63
Pet Food Processing - September 2024 - 64
Pet Food Processing - September 2024 - 65
Pet Food Processing - September 2024 - 66
Pet Food Processing - September 2024 - 67
Pet Food Processing - September 2024 - 68
Pet Food Processing - September 2024 - 69
Pet Food Processing - September 2024 - 70
Pet Food Processing - September 2024 - 71
Pet Food Processing - September 2024 - 72
Pet Food Processing - September 2024 - 73
Pet Food Processing - September 2024 - 74
Pet Food Processing - September 2024 - 75
Pet Food Processing - September 2024 - 76
Pet Food Processing - September 2024 - 77
Pet Food Processing - September 2024 - 78
Pet Food Processing - September 2024 - 79
Pet Food Processing - September 2024 - 80
Pet Food Processing - September 2024 - 81
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Pet Food Processing - September 2024 - 83
Pet Food Processing - September 2024 - 84
Pet Food Processing - September 2024 - 85
Pet Food Processing - September 2024 - 86
Pet Food Processing - September 2024 - 87
Pet Food Processing - September 2024 - 88
Pet Food Processing - September 2024 - 89
Pet Food Processing - September 2024 - 90
Pet Food Processing - September 2024 - 91
Pet Food Processing - September 2024 - 92
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Pet Food Processing - September 2024 - 94
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Pet Food Processing - September 2024 - 103
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Pet Food Processing - September 2024 - 105
Pet Food Processing - September 2024 - 106
Pet Food Processing - September 2024 - 107
Pet Food Processing - September 2024 - 108
Pet Food Processing - September 2024 - 109
Pet Food Processing - September 2024 - 110
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Pet Food Processing - September 2024 - 114
Pet Food Processing - September 2024 - 115
Pet Food Processing - September 2024 - 116
https://www.nxtbook.com/sosland/pfp/pet-food-processing-november-2024
https://www.nxtbook.com/sosland/pfp/pet-food-processing-september-2024
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-july-2024
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-may-2024
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-march-2024
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-january-2024
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-november-2023
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-september-2023
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-july-2023
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-may-2023
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-march-2023
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-december-2022
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-october-2022
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-september-2022
https://digital.petfoodprocessing.net/sosland/pfp/-pet-food-processing-june-2022
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-march-2022
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-december-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-october-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-september-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-june-2021
https://digital.petfoodprocessing.net/sosland/pfp/pet-food-processing-march-2021
https://digital.petfoodprocessing.net/sosland/pfp/2020_12_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_10_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_09_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_06_01
https://digital.petfoodprocessing.net/sosland/pfp/2020_03_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_12_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_10_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_09_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_06_01
https://digital.petfoodprocessing.net/sosland/pfp/2019_03_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_12_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_09_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_06_01
https://digital.petfoodprocessing.net/sosland/pfp/2018_03_01
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