North America Pet Snacks And Treats Market Size & Outlook
North America pet snacks and treats market, 2018-2030 (US$M)
Related Markets
North America pet snacks and treats market highlights
- The North America pet snacks and treats market generated a revenue of USD 19,108.1 million in 2023.
- The market is expected to grow at a CAGR of 11.9% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 19,108.1 million |
| Market revenue in 2030 | USD 41,872.0 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Eatables |
| Fastest growing segment | Chewables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 52.5% of the global pet snacks and treats market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,074.4 million by 2030.
Eatables was the largest segment with a revenue share of 63.93% in 2023. Horizon Databook has segmented the North America pet snacks and treats market based on eatables, chewables covering the revenue growth of each sub-segment from 2018 to 2030.
The ascendance of e-commerce, coupled with a notable rise in pet ownership among high-revenue households in North America, has paved the way for innovations in pet snacks and treats. Developments in the market underscore the continuation and affirmation of prevailing trends within the pet care industry.
Notably, there is an emphasis on premiumization, wherein pet owners increasingly seek and invest in high-quality, premium products for their furry companions. Simultaneously, a growing demand for preventive care solutions is evident, indicating a proactive approach among pet owners to address their pets' health and well-being.
Furthermore, the North American market is witnessing an inclination toward natural and clean-label diets for pets. This trend aligns with the broader consumer movement of healthier and more transparent nutritional choices, reflecting a desire among pet owners to provide their animals with nutritionally superior and wholesome options.
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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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North America pet snacks and treats market size, by country, 2018-2030 (US$M)
North America Pet Snacks And Treats Market Outlook Share, 2023 & 2030 (US$M)
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