2023
9
US Pet Food Market Report 2023
2023-09-29T13:04:30+00:00
REPDAD90E18_F7FD_4BAC_BECC_BF3A43B6B170
3695
166981
[{"name":"Pet Food","url":"https:\/\/store.mintel.com\/industries\/pets\/pet-food"},{"name":"Pets","url":"https:\/\/store.mintel.com\/industries\/pets"},{"name":"Market Intelligence Reports","url":"https:\/\/store.mintel.com\/report-type\/market-intelligence-reports"},{"name":"US","url":"https:\/\/store.mintel.com\/markets\/us-market-research"}]
Report
en_GB
The market is feeling the impact of inflation and economic uncertainty, but pet owners are still committed to feeding their pets the best. John Owen, Associate Director - Food…
US
Pet Food
Pets
simple

US Pet Food Market Report 2023

This report covers the US pet food industry and consumer extensively. Find out what pet owners want when looking to satisfy their pets (consumer data), alongside a deep analysis of market performance and strategies for brands to compete.

Below, we provide the report scope, summarize the key areas covered, and offer handpicked insights from the report itself.

Report Scope

Mintel defines the pet food market as food and treats for household pets, including cats, dogs, small animals (eg hamsters, rabbits), fish, reptiles and birds. Food for dogs and cats may be dry, wet/canned, semi-moist or in the form of treats. The following segments will be included in this Report:

  • Cat food
  • Dog food
  • Other pet food (eg hamsters, birds, guinea pigs, reptiles)
  • Pet treats

Key Areas Covered

  • Pet food shoppers’ preferred retailers and the reasons for selecting them.
  • Purchase incidence of different types of food, treats and toppers and key factors that guide selection.
  • Pet owner behaviors revolving around treating and feeding.
  • Pet owner interest in a range of premium food and treat concepts.
  • Pet owner attitudes towards value, health and environmental impact.
  • Pet food sales and market share trends and the key factors influencing them.
  • Trends in pet food and treat innovation.

Pet Food Market Outlook

  • 2023: The historically strong pet food industry has been affected by two years of steep price hikes and a difficult economic climate, causing some pet owners to switch to cheaper pet food brands and types.
  • 2024-2025: Moderating inflation will help stabilize the growth of pet food and treats. Pet owners will still seek out items that benefit their animals’ health and wellbeing.
  • 2026-2028: Sustainability will challenge pet food makers to effectively respond to pet owners’ expectations of both sustainable and nutritious/palatable food.

Pet Food Consumer Behavior

First, they have to like the food. The top factor in purchasing pet food for consumers overall is the requirement of the pet to enjoy the bowl put down for them. This indicates the importance that owners place upon their pet’s perspective, and so the key role that appetite appeal plays in pet food marketing and product development.

Interestingly though, newer pet owners place slightly less value on palatability. It’s quality over appeal for newer pet owners. The newer the ownership, the more the focus is on all-natural ingredients, and brands are already responding to calls for all-natural / a reduction in artificial additives. Going a step further, when we look at pet owners’ main food retailers, we see that specialty store shoppers are also more likely to focus on quality and less so on pet taste appeal.

Pet Food Market Opportunities

Mintel observes that innovators are exploring functional benefits in the pet treats and snacks segment. This report reveals promise in food, too. Better Kibble is one example, providing gut health and immunity claims with their product lines. Looking ahead, functional claims may continue as owners seek broader wellness for their pets (as well as themselves), and brands can increase engagement by differentiating in this way.

Rising prices are impacting consumer choices in 2023. This is shown in private label gaining market share in every segment of the pet food category. Major retailers are also upgrading their pet food and treat lines, allowing pet owners to save without sacrificing quality. In fact, some four in 10 pet owners say they’d consider switching to a lower-priced alternative, presenting an opportunity to make further market share gains.

For a complete breakdown of opportunities in the pet food industry, buy the full report. Alternatively, you may be interested in our other pets and pet food market research.

Brands Discussed

Brands are discussed within the scope of the report (above), and include innovation, successful marketing/advertising strategies, and market share of brands. Our expert looks at the rise of functional claims in pet food (eg Better Kibble, Rachel Ray Nutrish), fresh pet food’s expansion into retail (eg Nom Nom/PetSmart), and much more.

Expert Analysis

In this report, leading food/retail analyst John Owen delivers insight into the US pet food market in 2023.

The market is feeling the impact of inflation and economic uncertainty, but pet owners are still committed to feeding their pets the best.

John Owen, Associate Director, Food and Retail
John Owen
Associate Director, Food and Retail

Collapse All
    • Key issues covered in this Report
  1. Executive Summary

  2. Consumer Insights

    • Consumer fast facts
    • Primary pet food retailer
    • Graph 1: primary pet food retailer, 2023
    • Graph 2: primary pet food retailer, by age, 2023
    • Graph 3: primary pet food purchase location, by primary pet food retailer, 2023
    • Reasons for selecting primary pet food retailer
    • Graph 4: reasons for selecting pet food retailer used most often, 2023
    • Graph 5: reasons for selecting pet food retailer used most often, by primary pet food retailer, 2023
    • Dog food/treats purchased
    • Graph 6: dog food/treats purchased, 2023
    • Graph 7: incidence of daily treating among dog treat purchasers, by years of experience as a dog owner, 2023
    • Cat food/treats purchased
    • Graph 8: cat food/treats purchased, 2023
    • Graph 9: cat food/treats purchased, by years of experience as a cat owner, 2023
    • Pet food purchase factors
    • Graph 10: pet food purchase factors, 2023
    • Graph 11: Pet food purchase factors – Net – any pet, by years of experience as a pet owner, 2023
    • Graph 12: pet food purchase factors – NET – any pet, by primary pet food retailer, 2023
    • Pet feeding behaviors
    • Graph 13: pet feeding behaviors – mixing dry and wet, by species, 2023
    • Graph 14: pet feeding behaviors – wet as primary food, by species, 2023
    • Graph 15: pet feeding behaviors – people food/making food, by species, 2023
    • Attitudes toward pet food
    • Graph 16: attitudes toward pet food – interest in concepts, by primary pet food retailer, 2023
    • Graph 17: attitudes toward pet food – economizing, by personal financial status, 2023
    • Graph 18: attitudes toward pet food – economizing, by years of experience as a pet owner, 2023
    • Graph 19: attitudes toward pet food – sustainability, by age, 2023
  3. Competitive Strategies

    • Launch activity and innovation
    • Graph 20: ethical/sustainability claims in pet food and treat launches, 2017-23
    • Marketing and advertising
    • Opportunities
    • Graph 21: pet food multi-outlet private label market share, by segment, 2022-23
  4. The Market

    • Market context
    • Market drivers
    • Graph 22: Consumer Price Index change from previous period, 2020-23
    • Graph 23: personal assessment of financial health, 2022-23
    • Market size and forecast
    • Market segmentation
    • Graph 24: segment share of total pet food sales, 2023
    • Graph 25: total retail sales of pet food, by segment, at current prices, 2018-23
    • Market share/brand share
  5. Appendix

Market Intelligence Made Easier With Mintel

The first Mintel Market Intelligence report was published over 50 years ago. Since then, we have provided our unique insights and understanding of consumers, innovation and global markets to thousands of customers worldwide. Here’s why our customers rely on Mintel:

  • Gain a comprehensive, 360-degree view of the market: Mintel reports blend consumer research, market forecasts, product innovation tracking, and competitive analysis, allowing businesses to see every angle of their industry and identify new opportunities quickly.
  • Make decisions with confidence, grounded in robust data: Each report draws on up-to-date, reliable information from trusted sources and industry experts, ensuring your strategies are based on solid evidence rather than speculation.
  • Benefit from expert analysis and practical recommendations: Mintel’s reports are written by experienced analysts who interpret complex data and provide clear, actionable insights you can trust to guide your next moves.
  • Stay ahead with actionable intelligence on market trends and consumer behaviour: By combining fresh research with long-term market monitoring, our reports help businesses anticipate changes and adapt strategically. So you’re prepared to make informed decisions and drive growth.

What goes into a Mintel Market Intelligence Report?

Curious about how a Market Intelligence report comes together? We like to think of it as building a detailed puzzle. We start with individual pieces: data from consumers, market statistics, industry trends, and online conversations. Then our expert analysts add world-class human insight and industry knowledge. The pieces are assembled to reveal a clear, comprehensive picture of a market.

The Four Pillars of Our Research

We use a combination of four main research methods when creating our reports, each adding a valuable perspective:

  • Consumer Research: Direct surveys with real people, giving us clear, current insights into what people think and do.
  • Desk Research: In-depth review of trusted data sources. We use this rich database, plus powerful internal tools that track new products and market sizes, to detect trends and guide forecasts.
  • Trade Research: Insights from conversations with industry experts. Their real-world experience helps us understand what’s happening behind the scenes.
  • Brand and Social Media Research: Analysis of online opinions and trends. This lets us spot trends, measure brand sentiment, and capture feedback in real time, adding further depth to our research.

Bringing It All Together

Each of these four pillars provides a different piece of the puzzle. Consumer research tells us what customers think, desk research provides the factual framework, trade research offers an insider’s view, and social media analysis reveals public sentiment.

Our expert analysts are skilled in weaving these diverse data streams together. They apply a range of quantitative and qualitative analysis techniques to uncover the deeper story, connecting the dots to deliver clear, actionable insights. This comprehensive, multi-layered process is how we transform raw data into a market intelligence report you can trust to inform your most important business decisions.

For a closer look at a Mintel Market Intelligence Report, take a look at the sample PDF report below:
Please Note: All of the figures, graphs, and tables in this sample report have been redacted.
£ 3,695 (Excl.Tax)
  • Download today with instant access
  • Multiple formats provided
  • Interactive databook included
Add to cart

Next Starts Here

Whatever your business needs, we have the solution. From market intelligence reports to customised growth strategies.

Learn more

Trusted by global industry leaders

Amazon logo

Working in a customer-obsessed organization means that data and insights have to be at our fingertips. Mintel’s reports help us support anecdotes with real quantifiable insights. The summary sections (which I really like) helps save time by giving a birds eye view of the content before spending time combing through the pages.

Our business review discussions are strengthened by the relevancy of the reports to help us better understand our customers. In addition, the customer service received from the team (especially in crunch periods) makes the process of understanding customer behavior even better.

Ngozi Ngonadi-Nkwoji, Senior Marketing Manager, Amazon
Jackman logo

At Jackman, we believe that powerful strategies are based on human insight. Mintel’s leading-edge reports and insights into consumer attitudes and behaviors are an important input as we develop and execute strategy.

Alana Gavin, VP Research and Insights, Jackman
Epsilon logo

We utilize Mintel Reports, Trends and Comperemedia to mine for insights across the numerous business verticals that Epsilon serves, such as CPG, automotive, telecom, healthcare/pharma, retail and financial services.

By integrating Mintel insight into new business opportunities, we have been able to gain the competitive edge necessary to advance partnerships with global brands and key business players.

For our organization, it’s about depth and breadth. Having one without the other doesn’t enable success in our business.

Virginia Harvey, Secondary Research Manager, Epsilon
VocaLink logo

We use Mintel Reports, mostly for financial services and ecommerce markets, plus a few retail and technology ones.

As a leading payments provider, we value additional insights into consumer behaviour, opinions and trends that are shaping the many different markets we operate in. Mintel is a very good and very quick way for us to obtain those insights.

We use Mintel to get a view on where a particular market is going, which can support us in product development and help us identify opportunities or indeed risks, it is a very useful barometer of a market’s potential.

 

Andrew Neeson, Market Intelligence Manager, VocaLink
Waitrose & Partners logo

We’ve found it so useful working more closely with Mintel. They helped support our recent flagship event for our top suppliers by providing a really unique viewpoint on the future of online retailing.

Nick Carroll from their Retail Team was also an excellent panelist, sharing useful and actionable consumer insights. We definitely look forward to working with Mintel again on future projects.

Zac Steele, E-Commerce Trading Development Manager, Waitrose & Partners

Next Starts Here

Whatever your business needs, we have the solution. From market intelligence reports to customised growth strategies.

Learn more