Global sales of pet products reached US$125 billion as of 2020, with pet foodaccounting for three-fourths of global sales. This is according to marketresearch firm Packaged Facts in the recent report Canadian Pet MarketSurvey 2020.
In recent years, North America and Western Europe have been leaders in globalpet food sales, including sales of important subcategories such as premium andfunctional pet food. Europe and North America combined also account for themajority of the world’s pet food production, followed distantly by LatinAmerica and Asia/Pacific region.
The United States is by far the largest pet products market, estimated atUS$59 billion in 2020, for an approximately 47% global share. The overall U.S.pet food and treats market is estimated at US$39 billion in 2020, comparedwith nearly US$20 billion for non-food pet supplies. Veterinary and non-medical pet service revenues, although in flux due to the impacts of theCOVID-19 pandemic, bring the overall U.S. pet market to approximately US$100billion in 2020. Packaged Facts estimates the dog and cat food category(excluding treats and chews) at $21 billion in U.S. sales in 2020.
A second tier of international markets for pet food, with combined dog/catfood sales of US$1 billion or more, is now headed by Brazil. This tier alsoconsists of Argentina, Australia, Canada, France, Germany, Italy, Japan,Mexico, Russia, Spain, and the United Kingdom.
In Canadian Pet Market Survey 2020 , Packaged Facts projects Canadianretail sales of dog and cat food to approach US$1.8 billion in 2020, up 5%over 2019, buoyed by the pet adoption surge in the wake of the COVID-19pandemic. For this same reason, a robust 4.5% compound annual growth rate(CAGR) is projected for the category for the 2020-2014 period, lifting salesto US$2 billion by 2023 and US$2.1 billion in 2024.
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