Organic Pet Food Market Outlook:
According to the research report published by DataM Intelligence, the Organic Pet Food Market size is projected to reach USD billion by 2029, with growth at a CAGR of 4.60% during the forecast period 2022-2029.
Organic pet foods use certified organic ingredients and are free from pesticides, growth hormones, synthetic fertilizers, antibiotics, by-products & bioengineering. Organic pet food possesses high nutrition levels and comprises organic meats, fruits, vegetables, minerals, & vitamins.
The rising pet anthropomorphism and growing awareness of synthetic pet food’s adverse health effects result in a significant consumer shift towards organic pet food. A large spectrum of pet parents in the U.S. and the European region treat pets as members of their families. This has resulted in feeding pets with human-grade ingredients. Pet owners are turning more conscious of their pet health and are focusing on the safety and nutritional efficacy of the food they feed to their pets. The growing pet population across the globe contributes to the growth of the market during the forecast period. Currently, 54% of US households own at least one pet, representing 68 million households across the country.
Pandemic had a positive impact on the global organic pet food market owing to the increase in pet sales in the lockdowns. The work-from-home scenario meant that people had to spend time alone and hence a lot of people adopted pets in order to cope up with loneliness.
North America dominated the global organic pet food market due to the pet population’s high presence and increased spending by pet owners on healthy and organic food. Increased disposable income across the region is also contributing to the growth of the market.
Asia Pacific is expected to grow at a high CAGR in the forecast period owing to the increasing number of pet owners in China and India.
Organic pet food evolved as a lucrative segment of the pet food market across the globe. Major pet food companies such as Nestle, General Mills, and Colgate-Palmolive Company have entered the organic business to dominate the pet food market.
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