A recent report published by Infinium Global Research on
organic pet food market provides an in-depth analysis of segments and sub-segments
in the global as well as regional organic pet food market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional organic pet food market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecasts, and dollar
values of the global organic pet food market. According to the report, the global
organic pet food market is projected to grow at a CAGR of 8.5% over the
forecast period of 2020-2026.
Organic pet food is processed from produce cultivated by
organic farming methods, without the use of antibiotics, artificial colors,
artificial flavors, preservatives, synthetic growth hormones, and toxic
pesticides. Organic pet food contains a more nutritional value and reduces the
instances of allergies, arthritis, skin ailments, digestive disorders, obesity, and some other illnesses of the pets. Moreover, it improves the fertility,
immunity power, overall health, and longevity of the pets. However, the current
concerns over the spread of coronavirus infection are creating a major decrease
in demand for organic pet food in the global market. Although, the COVID-19
outbreak and panic food buying by the consumers have increased sales initially,
the demand for high-cost organic pet food is expected to decrease due to the reduction
in the purchasing power of the consumers. Additionally, an extension of lockdown and the temporary shutdown of manufacturing units may lead to supply chain
disruption, limited stock availability in retail store and supermarket have a moderate impact on businesses, distribution, sales channels, and production.
Thus, the organic pet food market will experience adverse impacts as several
companies due to distribution and inventory issues down the supply chain.
Increasing the adoption of pets, majorly by small families, is
driving the growth of the organic pet food market. Changing consumer
preferences for pet foods and adopting natural healthy food with essential
nutrients, proteins, and other elements for pets contributing to market
growth. Increasing awareness about the health concerns related to pets among
pet owners through awareness programs by animal welfare organizations and
advertisements by organic pet food manufacturers enhances the growth of the
market. Moreover, the growing trend of the humanization of pets is expected to
greatly drive market growth. However, the high cost of products owing to the
higher cost of raw materials and the absence of proper supply chains in many
regions are the major restraints of the global organic pet food market.
Moreover, the penetration of organic pet foods in the market is relatively
niche and rising demand for organic food from emerging countries will fuel the
market growth in the forecast period.
Geographically, North America held the largest share in the wearable medical devices market in 2019. The US is a key revenue generator in
North America organic pet food market. Factors such presence of major organic
pet food manufactures and growing healthcare awareness of pets will increase
demand for the organic pet food market in this region. However, Europe will witness rapid growth in the market owing to increasing adoptions of pets coupled with
rising awareness about organic pet supplies in this region.
The report on the global organic pet food market covers segments
such as type, end-user, and distribution channel. On the basis of type, the
sub-markets include dry organic pet food, and wet organic pet food. On the
basis of end-user, the sub-markets include bird, cat, dog, duck, fish, and
other animals. On the basis of distribution channel, the sub-markets include
hypermarkets/supermarkets, pet shops, online stores, and retail stores.
The report provides profiles of the companies in the market
such as Avian Organics, Dr. Geoff’s Real Food for Pets, Evanger’s, Harrison’s
Bird Foods, Lily’s Kitchen, Mars Inc., Natural Planet Pet Foods, Nestle,
Newman’s Own, and Organic Pet Boutique.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of organic pet
food market. Moreover, the study highlights current market trends and provides
forecast from 2020-2026. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.