Australia Pet Snacks And Treats Market Size & Outlook
Australia pet snacks and treats market, 2018-2030 (US$M)
Related Markets
Australia pet snacks and treats market highlights
- The Australia pet snacks and treats market generated a revenue of USD 651.3 million in 2023 and is expected to reach USD 1,551.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, eatables was the largest revenue generating product in 2023.
- Chewables is the most lucrative product segment registering the fastest growth during the forecast period.
Pet snacks and treats market data book summary
| Market revenue in 2023 | USD 651.3 million |
| Market revenue in 2030 | USD 1,551.6 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | Eatables |
| Fastest growing segment | Chewables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Eatables, Chewables |
| Key market players worldwide | Mars Group Holdings Corp, Nestle SA, JM Smucker Co, General Mills Inc, Colgate Palmolive, Nestle Purina Petcare, Spectrum Brands Holdings Inc, Wellness Pet Company, VAFO Group |
Other key industry trends
- In terms of revenue, Australia accounted for 1.8% of the global pet snacks and treats market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pet snacks and treats market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,551.6 million by 2030.
Eatables was the largest segment with a revenue share of 66.97% in 2023. Horizon Databook has segmented the Australia pet snacks and treats market based on eatables, chewables covering the revenue growth of each sub-segment from 2018 to 2030.
Pet owners across the country are increasingly aware of the importance of providing their companion animals with quality nutrition and enjoyable treats. In response to this trend, pet food companies in Australia are diversifying their product offerings, introducing a variety of snacks and treats that cater to different dietary preferences and health requirements of pets.
The emphasis on natural, wholesome ingredients and functional benefits aligns with the evolving consumer preferences for premium and nutritious pet food. Collaborations between pet food manufacturers and animal shelters are becoming more prevalent, with initiatives focused on providing shelter animals with high-quality treats and snacks.
These collaborations not only contribute to the well-being of animals awaiting adoption but also create awareness among pet owners about the available options in the market. Pet owners are now more inclined to invest in products that prioritize the health, happiness, and overall quality of life for their pets, further driving the growth of the pet snacks and treats market.
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Pet Snacks And Treats Market Scope
Pet Snacks And Treats Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia pet snacks and treats market size, by product, 2018-2030 (US$M)
Australia Pet Snacks And Treats Market Outlook Share, 2023 & 2030 (US$M)
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