Pet Food and Supplement Market Summary, Value Structure Analysis, Growth Opportunities And Forecast To 2035
The global pet food and supplement market is on a robust growth trajectory, forecasted to expand from a valuation of USD 126.0 billion in 2025 to a staggering USD 222.2 billion by 2035, achieving a Compound Annual Growth Rate (CAGR) of 5.8%. This significant expansion is detailed in a new market analysis, which highlights the increasing humanization of pets and a global shift toward premium, functional, and specialized pet nutrition as key drivers. The report offers a comprehensive competitive analysis, revealing that while the market is dominated by global giants like Mars Petcare, Nestlé Purina Petcare, and Hill's Pet Nutrition, a new wave of innovation is creating significant opportunities for a diverse range of players. These leading companies are focusing on extensive R&D and strategic acquisitions to stay ahead, with recent news like Nestlé Purina's new plant-based pet food factory and Blue Buffalo’s vet-prescribed cancer support food showcasing a clear move towa...