The pet food market is poised for significant growth, with an anticipated increase of USD 35.75 billion from 2022 to 2027. Furthermore, the market’s growth trajectory is expected to maintain a Compound Annual Growth Rate (CAGR) of approximately 5.71% during the forecast period. One of the primary drivers of this market expansion is the surging demand for organic pet food. Nonetheless, the market may face challenges due to the rising prevalence of pet allergies among pet owners. Technavio, a leading research firm, has provided a comprehensive report offering insights into market size, forecasts, and research methodology. A sample report is available in PDF format.
The increasing popularity of organic pet food is a significant catalyst behind the market’s growth. Organic pet food adheres to rigorous USDA regulations, ensuring that it complies with the standards for the organic label. Consumers are becoming increasingly mindful of the ingredients in pet food, reflecting a trend that mirrors their concerns about human food. This heightened awareness is fueling the rise in demand for organic and natural pet food products.
The global organic pet food market is experiencing substantial growth, primarily driven by pet owners’ heightened focus on the health and well-being of their pets, coupled with the emerging trend of pet humanization. With many individuals considering their pets as integral members of their families, the demand for organic and natural pet food has surged. Presently, organic food options for small reptiles are relatively limited compared to those available for small mammals, mainly due to the lower adoption rate of small reptiles.
However, as the adoption of smaller reptiles grows in the upcoming years, the popularity of organic food within this category is anticipated to increase. Consequently, the escalating demand for organic pet food is expected to be a key driver behind the continued expansion of the global pet food market throughout the forecast period.
