![]() This signifies the pet food market growth, which is expected to continue post-pandemic. According to the report published by Mars Petcare, a leading pet food manufacturer, the combined sales of cat and dog treats grew by 6.5% in the 12 weeks between February and May 2020. During the first few months of 2020, breeders and rescue centers reported a boom in inquiries from people looking for pets. Various studies have indicated that people who have pets suffer less from problems, such as loneliness and depression, due to the companionship that pet ownership brings. Based on our analysis, the global market exhibited a rise of 4.75% in 2020 as compared to 2019.Īs people have been working from home during the lockdown, many used this as an opportunity to get a family pet. The global impact of COVID-19 has been unprecedented and staggering, with pet foods witnessing higher-than-anticipated demand across all regions compared to pre-pandemic levels. ![]() ![]() ![]() The global pet food market size was valued at USD 110.53 billion in 2021 and is projected to grow from USD 115.50 billion in 2022 to USD 163.70 billion by 2029, exhibiting a CAGR of 5.11% during the forecast period.
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