DUBAI, United Arab Emirates, March 30, 2022 (GLOBE NEWSWIRE) — The global fish-based pet food market is expected to grow at a CAGR of 4.9% and top off a valuation of US$16,213.2 million by 2032. Rising demand for new snacks, foods, and culinary experiences for their pets, along with the long-term health benefits of food products, is driving the fish-based pet food market.
|Fish-based pet food market size value in 2022||~US$10.0 billion|
|Forecast value of the fish-based pet food market in 2032||~US$16.2 billion|
|Fish-Based Pet Food Market Growth Rate (2022 to 2032)||~4.9% CAGR|
|Share of collective value: Top 3 countries (2021)||40.6%|
Pet owners are increasingly aware of the health needs of their pets. They are also willing to spend on foods with healthy nutrients. Additionally, the growing focus on long-term pet health checks will drive fish-based pet food sales.
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Additionally, manufacturers are introducing pet foods that address common pet health issues such as bad breath, skin problems, sensitive stomachs, allergies, kidney disease, and others. This has led the fish-based pet food industry to move from simple products targeting the maintenance of adult pets to enhanced, high-energy, nutritious, and specially fortified products.
In line with the idea of giving pets a personalized and raw meal, leading fish-based pet food manufacturers are launching different innovative and versatile solutions like supplements, which are available to be mixed with raw materials. raw or to be taken additionally by pets to meet nutritional needs and diet fulfillment.
Key insights from market research
- The fish-based pet food market accounts for sales of US$10,058.1 million in 2022.
- Fish-based pet food market is poised to grow at a CAGR of 6.6% and 6.9% in East Asia and South Asia, respectively, through 2032.
- The fish-based pet food market share in North America and Europe is 34.3% and 25.3%, respectively, in 2022.
- The Pacific fish-based pet food market is growing at 8.4% CAGR during the forecast period.
- In terms of nature, the organic fish-based pet food segment is expected to grow at a CAGR of 6.2% during the forecast period.
- Based on products, dry type is expected to account for a market share of 38.9% in 2022.
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“Fish-based pet food manufacturers are introducing new tastes and innovative packaging while offering new products with different formulations that provide functional health benefits for pets. This should create lucrative opportunities for key players,” says an analyst from Future Market Insights.
The major manufacturers in the fish-based pet food market are mainly focusing on research and development to expand their product portfolio and improve the quality of pet food. They are also focusing on expanding their regional footprint to gain a competitive edge in the fish-based pet food industry.
- Purina® Pro Plan offers several great choices for fish dog food with SAVOR®, a rice and shredded salmon blend formula, which contains a huge amount of antioxidants and high quality real salmon fish as the first ingredient to provide a healthy immune system to pets.
- The company also offers a grain-free product, “NATURAL Plus Essential Vitamins and Minerals Grain-Free Tuna and Egg Formula,” in which tuna is the first ingredient, and this formula is made without wheat, corn or soy, which is a poultry-meal product with no added artificial flavors, colors or preservatives.
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Fish-Based Pet Food Market by Category
By product type:
- To dry
- Treats and chews
By type of animal:
- Folding Cartoons
- Jars and cups
- Bottles and jars
By distribution channel:
- In-store retail
- Online retailers
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa
Explore more valuable insights
Future Market Insights, in its new report, offers an unbiased analysis of the global Fish-Based Pet Food Market, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032 .
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The study offers compelling information based on nature (organic, conventional), by product type (dry, wet, treats and chews, and others), type of pet (cat, dog, birds, and others ), packaging (sachets, bags, folding cartons, jars and cups, cans and bottles and jars), distribution channel (in-store retail and online retailers) in seven major regions of the world.
Explore IMF’s extensive food and beverage market intelligence landscape coverage
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