The pet food market is projected to grow at a CAGR of 4% by 2033.
The pet food market growth drivers include pet humanisation, rising pet expenditure, and stringent food safety and labelling regulations.
North America is the dominating region for the pet food market.
Mars, Incorporated, Nestlé S.A. (Purina), Colgate Palmolive Company (Hill’s Pet Nutrition), General Mills, Inc. (Blue Buffalo), and ROYAL CANIN are some leading industry players in the pet food market.