NEW YORK, Jan. 25, 2023 /PRNewswire/ — The global organic pet food market is expected to increase by $3,111.1 million between 2022 and 2027. The market is poised to grow at a CAGR of over 4.43%.sample report
Avian Organics: This company offers organic pet foods such as organic alfalfa, almonds, apple chips, banana chips, marigold, coconut, and carrots.
Better Choice Company Inc.: This company offers various types of organic pet food under the brand name Halo.
BiOpet Pet Care Pty Ltd.: This company offers various brands of organic pet food such as BioPet Bio Organic Dog Bones and BioPet Organic Adult Dog Food.
BrightPet Nutrition Group LLC: This company offers organic pet food under various brand names such as Blackwood, Adirondack and By Nature.
Supplier landscape. The global organic pet food market is fragmented due to the presence of several global and regional suppliers. Some of the well-known suppliers that bring organic pet food to the market are Avian Organics, Better Choice Company Inc., BiOpet Pet Care Pty Ltd., BrightPet Nutrition Group LLC, Castor and Pollux Natural Petworks, Darwins Natural Pet Products, Evangers Dog and cat food. Co. Inc., General Mills Inc., Grandma Lucys LLC, Harrisons Bird Foods, Hydrite Chemical Co., Native Pet, Nestle SA, Newmans Own Inc., Organic Paws, PPN Partnership Ltd., Primal Pet Foods Inc., Raw Paw Pet Inc. ., Tender and True Pet Nutrition and Yarrah Organic Petfood BV, among others.
Suppliers are investing in organic and inorganic growth strategies such as expanding manufacturing facilities and acquiring local companies to increase productivity and strengthen their market position. Moreover, consumers around the world have become aware of the quality of consumer products. As such, competition in the global organic pet food market is likely to shift from price to quality and brand reputation. Consequently, it is difficult for new market players to enter the global organic pet food market. Hence, the global organic pet food market is expected to be competitive during the forecast period.
Global Organic Pet Food Market – Customer Profiles. To help companies evaluate and develop a growth strategy, the report says:
Global Organic Pet Food Market – Segmentation Assessment Segmentation Overview Technavio has segmented the market based on products (organic dry food and organic wet food) and distribution channels (specialty pet stores, supermarkets and hypermarkets, convenience stores, etc.).
The Organic Dry Foods segment will grow at a significant rate over the forecast period. Due to benefits such as convenience, the demand for dry organic pet food is higher than for wet pet food. Quantified dry food can be left in place throughout the day, allowing animals to eat at their own pace without worrying about spoilage. In addition, dry pet food helps maintain your pet’s oral hygiene. These advantages make the dry organic segment more popular and will drive the market growth during the forecast period.
Geographical Overview Segmented geographically, the global organic pet food market is divided into North America, Europe, Asia Pacific, South America, Middle East and Africa. The report offers useful information and assesses the contribution of all regions to the growth of the global organic pet food market.
North America is expected to account for 42% of global market growth during the forecast period. The organic pet market in North America is expected to grow during the forecast period, driven by high interest in pet owners in countries such as the US, Canada, and Mexico. For example, the number of households in the US that own a dog as a pet will increase from 43.3 million in 2012 to 90.5 million in 2022. The increase in the number of pet owners is expected to increase the demand for pet food, thereby driving the growth of the market in the region during the forecast period.
Global Organic Pet Food Market – Key Drivers of Market Dynamics – The health benefits of organic pet food are driving market growth significantly. The health benefits associated with organic pet food are expected to drive demand for organic pet food during the forecast period. The key health benefits of organic pet food include weight control, reduced allergies and skin irritation, reduced digestive disturbances, increased physical vitality, and extended lifespan. Organic pet food contains more nutrients and does not contain many fillers. Thus, organic pet food helps animals control their weight. These health benefits associated with organic ingredients will drive the growth of the market over the forecast period.
Main trends. The business strategies adopted by vendors are one of the major drivers of growth in the global organic pet food market. Mergers and acquisitions add value to the combined company, open up new markets for both organizations, and are a cost-effective way to expand an organization’s business and create multiple growth opportunities. Suppliers also participate in several trade shows and pet food festivals to increase awareness of their products among distributors and retailers. Participation in exhibitions allows suppliers to interact with distributors and suppliers of pet stores and expand their presence in the market. Such strategies by large vendors are expected to drive market growth over the forecast period.
Main problems. Marketing strategies regarding organic pet food labeling are a major issue hindering the growth of the market. Pet food is changing rapidly with the latest trends. As a result, new recipes are constantly being added to meet demand, such as USDA-certified grain-free and organic products. Players often use deceptive labels to hide their non-organic compounds when marketing both. However, many USDA natural and organic pet food brands contain carrageenan (an ingredient that can cause gastrointestinal inflammation, intestinal lesions, ulcers, and cancer). This will cause the market to grow.
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Detailed information on the factors driving the growth of the organic pet food market from 2023 to 2027.
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North America, Europe, Asia Pacific, South America, Middle East & Africa Organic Pet Food Market Industry Growth
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Avian Organics, Better Choice Company Inc., BiOpet Pet Care Pty Ltd., BrightPet Nutrition Group LLC, Castor and Pollux Natural Petworks, Darwins Natural Pet Products, Evangers Dog and Cat Food Co. Inc., General Mills Inc., Grandma Lucys LLC 、Harrisons Bird Foods, Hydrite Chemical Co., Native Pet, Nestle SA, Newmans Own Inc., Organic Paws, партнерство PPN Ltd., Primal Pet Foods Inc., Raw Paw Pet Inc., Tender and True Pet Nutrition and Yarrah Organic
Analysis of the parent market, drivers and barriers to market growth, analysis of fast-growing and slow-growing segments, analysis of the impact of COVID-19 and recovery, and future consumer dynamics, and analysis of the state of the market during the forecast period.
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Post time: Jan-29-2023