What’s Driving the Pet Food Market Boom to USD 150 Billion by 2035?
The global pet food industry is on a steady upward trajectory. According to recent market insights, the market size is projected to grow from USD 107.6 billion in 2024 to USD 150 billion by 2035, at a Compound Annual Growth Rate (CAGR) of 3.07% during the forecast period from 2025 to 2035. This growth highlights the rising importance of pet health and wellness and the evolving consumer behavior among pet owners worldwide.
The Rise of the Pet Parenting Culture
One of pet food market the major drivers behind the growth of the pet food market is the increasing number of pet owners who view their animals as family members—a trend often referred to as "pet humanization." Pet parents today are willing to spend more on high-quality, nutritious, and even customized food for their furry companions. This emotional connection with pets has sparked a significant shift in purchasing decisions, with more focus on…