Global Pet Food Market Size, Share

Global Pet Food Market Size, is expected to be worth USD 112.13 Billion in 2021 and is estimated to reach up to USD 170.11 Billion by 2030, at a compound annual growth rate (CAGR) of 4.50% from 2021 to 2030. People used the lockdown as an opportunity to work from home and acquire a family pet. Numerous studies have revealed that because pets keep people company, pet owners report less problems like loneliness and despair. In the first few months of 2020, dog breeders and rescue organizations reported an upsurge in inquiries from people wishing to adopt dogs. In the 12 weeks from February to May 2020, the overall sales of cat and dog treats climbed by 6.5 percent, according to research released by Mars Petcare, a well-known pet food manufacturer. This indicates the pet food industry's growth, which is expected to continue in the wake of the pandemic.