Market revenue in 2023 | USD 1,510.4 million |
Market revenue in 2030 | USD 3,226.1 million |
Growth rate | 11.5% (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 |
Eatables was the largest segment with a revenue share of 63.93% in 2023. Horizon Databook has segmented the UK pet snacks and treats market based on eatables, chewables covering the revenue growth of each sub-segment from 2018 to 2030.
As pets are increasingly viewed as integral parts of households, pet owners seek products that align with human food trends and quality standards. This has led to a surge in demand for premium and gourmet pet snacks, mirroring the preferences of health-conscious and discerning consumers.
Manufacturers are responding by developing treats that boast high-quality, natural ingredients, and often emulate human snacks in terms of taste, texture, and presentation. Moreover, pet humanization has sparked innovation in the pet snacks and treats market.
Products now often feature functional ingredients catering to specific health needs of pets, such as dental health, joint support, or skin and coat care. The market has expanded to include a wide array of options, including organic, gluten-free, and even artisanal treats, as pet owners seek to provide their furry companions with the best possible culinary experiences.
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