Pet Milk Market Size is projected to reach USD 245 million by 2030, growing at a CAGR of 7.3%: Straits Research
The global pet milk market size was valued at USD 130 million in 2021. It is estimated to reach USD 245 million by 2030, growing at a CAGR of 7.3% during the forecast period (2022–2030). This commercial pet milk is easy to digest and perfectly substitutes the colostrum requirement. Hence, insufficient availability of mother's milk/colostrum fosters the growth of the pet milk market globally.
New York, United States, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Due to considerations such as enhanced social standing and physical and mental health benefits, the trend of keeping companion animals such as dogs and cats is growing significantly more popular than before. Pet ownership can relieve stress, build confidence, keep the heart healthy, and assist control blood pressure and cholesterol levels, all scientifically-proven benefits that urge people to keep pets. As a result, an increase in pet adoption is a critical component driving the pet milk market forward.
Furthermore, due to their bad health, mother dogs/cats may be unable to produce sufficient milk. In such circumstances, the neonatal pups and kittens are fed pet milk or pet milk replacers to supply them with the critical nutrients and proteins they need to survive and grow. Since lactose-intolerant pets such as dogs and cats cannot be given cow milk, the use of pet milk has grown more significant. This is another important reason that drives global demand for pet milk.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/pet-milk-market/request-sample
Lack of Adequate Colostrum Milk Pushes the Global Pet Milk Market Forward
The adoption of small puppies and kittens is increasing, especially among the young and urban population. Most households tend to adopt only a single pet. Adoption of the pet or buying a pet from pet stores deprives newborns of colostrum milk. Moreover, in many cases, the mother cannot produce an adequate amount of milk due to a high number of litter. Hence, pet owners tend to opt for pet milk or replacers to feed their pets to fulfill the basic nutritional needs of newborn pets. Pet milk contains prebiotics, probiotics, necessary vitamins, minerals, proteins, carbohydrates, and fats, which are essential for the development and growth of newborn pets. This commercial pet milk is easy to digest and perfectly substitutes the colostrum requirement. Hence, insufficient availability of mother's milk/colostrum fosters the growth of the pet milk market globally.
Growing Popularity of Pet Cafes Provide Umpteen Opportunities for the Global Pet Milk Market
Animal or pet cafes are unique places for pet animals where people can enjoy watching and interacting with numerous pets. There are various pet cafes for animals such as dogs, cats, raccoons, rabbits, reptiles, and birds. People can see pets having drinks and food in a pet cafe. These cafes have slowly gained popularity in the last few years. With the growth in population and adoption of pets, the concept of pet cafes is also gaining popularity. The rise in the number of pet cafes can significantly impact the pet industry's revenue and the pet milk market. Moreover, the most popular cafes include dog and cat cafes. Hence, such factors are expected to provide lucrative opportunities for market growth during the forecast period.
Report Scope
Report Metric | Details |
Market Size by 2030 | USD 245 million |
Market Size in 2021 | USD 130 million |
CAGR | 3.6% (2022-2030) |
Historical Data | 2019-2020 |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Pet Type, By Product Form, By Distribution Channel |
Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
Key Companies Profiled/Vendors | Pet Ag Inc. ,Beaphar ,B.V. ,Grober Nutrition Inc. ,Fetch For Pets ,L.L.C. ,Milk Products Inc. ,Manna Pro Products ,L.L.C. ,Petlife International Ltd. ,Royal Canin U.S.A. Inc. ,Toplife Formula Pvt. Ltd. ,Versele-Laga ,N.V. |
Key Market Opportunities | Growth in Popularity of Pet Cafes |
Key Market Drivers | Lack of Adequate Colostrum Milk |
Buy Now Full Report @ https://straitsresearch.com/buy-now/pet-milk-market
Regional Insights
North America is the leading market for pet milk, owing to its vast pet population. The North American pet milk market is projected to grow at a CAGR of 5.4%. North America is characterized by a huge pet population, increased awareness about the health benefits of owning a pet, nuclear families, high disposable income, and an increased pet adoption rate. All these factors are projected to drive the growth of the pet milk market during the forecast period.
Europe is the second-largest market for pet milk after North America. The Europe pet milk market is projected to grow at a CAGR of 4.6%. The pet milk market in Europe is expected to grow owing to factors such as consumer awareness, high disposable income, growth in the pet population, developed e-commerce channels, a high rate of pet adoption, and a rise in the trend of pet humanization.
Asia-Pacific is the third-largest market for pet milk. The factors driving the growth of the pet milk market in Asia-Pacific are growing consumer awareness regarding the health benefits of having a pet, rising disposable income, rapid urbanization and shift towards nuclear family, and an increasing rate of the pet population. The growing importance of online distribution channels will also play a vital role in the growth of the pet milk market in the Asia-Pacific region.
Key Highlights
- The global pet milk market size is estimated to reach USD 245 million by 2030, growing at a CAGR of 7.3% during the forecast period (2022–2030).
- Based on pet type, the global pet milk market is categorized into Dogs and Cats. The Dog segment holds the maximum market share and is estimated to grow at a CAGR of 4.8% during the forecast period.
- Based on product form, the global pet milk market is segregated into Powder and Liquid. Powder pet milk is the largest shareholder and is estimated to grow at a CAGR of 5.2% during the forecast period.
- Based on distribution channels, the global pet milk market is segmented into Specialty Stores, Mass Retail Stores, Direct-To-Consumer, E-Commerce, and Others. The Specialty Stores segment dominates the market and is expected to grow at a CAGR of 5% during the forecast period.
- Based on region, the global pet milk market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is the leading market for pet milk, owing to its vast pet population. It is expected to grow at a CAGR of 5.4% during the forecast period.
Competitive Players
The key players profiled in this report include Pet Ag, Inc., Beaphar, B.V., Grober Nutrition, Inc., Fetch For Pets, L.L.C., Milk Products, Inc., Manna Pro Products, L.L.C., Petlife International Ltd., Royal Canin U.S.A., Inc., Toplife Formula Pvt. Ltd., and Versele-Laga, N.V.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/pet-milk-market/request-sample
Global Pet Milk Market: Segmentation
By Pet Type
- Dog
- Cat
By Product Form
- Powder
- Liquid
By Distribution channel
- Specialty Stores
- Mass Retail Stores
- Direct-to-Consumers
- E-Commerce
- Others
By Regions
- North America
- Europe
- Asia-Pacific
- LAMEA
TABLE OF CONTENT
- EXECUTIVE SUMMARY
- RESEARCH SCOPE & SEGMENTATION
-
- Research Objectives
- Market Definition
- Limitations & Assumptions
- Market Scope & Segmentation
- Currency & Pricing Considered
- MARKET OPPORTUNITY ASSESSMENT
-
- Emerging Regions / Countries
- Emerging Companies
- Emerging Applications / End Use
- Investment Landscape
- New Business Models / Revenue Streams
- TAM
- MARKET TRENDS
-
- Drivers
- Market Warning Factors
- Latest Macro Economic Indicators
- Geopolitical Impact
- Human Factors
- Technology Factors
- MARKET ASSESSMENT
-
- Porters Five Forces Analysis
- Value Chain Analysis
- Raw Material Analysis
- Sales And Distribution Channel Analysis
- Trade Analysis
- M & A Agreements & Collabration Analysis
- Export Import Analysis
- Cost Structure Analysis
- ESG TRENDS
- GLOBAL PET MILK MARKET SIZE ANALYSIS
-
- Global Pet Milk Market Introduction
- By Pet Type
-
-
- Introduction
-
-
-
-
- Pet Type By Value
-
-
-
-
- Dog
-
-
-
-
- By Value
-
-
-
-
- Cat
-
-
-
-
- By Value
-
-
-
- By Product Form
-
-
- Introduction
-
-
-
-
- Product Form By Value
-
-
-
-
- Powder
-
-
-
-
- By Value
-
-
-
-
- Liquid
-
-
-
-
- By Value
-
-
-
- By Distribution Channel
-
-
- Introduction
-
-
-
-
- Distribution Channel By Value
-
-
-
-
- Specialty Stores
-
-
-
-
- By Value
-
-
-
-
- Mass Retail Stores
-
-
-
-
- By Value
-
-
-
-
- Direct-To-Consumers
-
-
-
-
- By Value
-
-
-
-
- E-Commerce
-
-
-
-
- By Value
-
-
-
-
- Others
-
-
-
-
- By Value
-
-
-
NORTH AMERICA MARKET ANALYSIS
- Introduction
- By Pet Type
-
-
- Introduction
-
-
-
-
- Pet Type By Value
-
-
-
-
- Dog
-
-
-
-
- By Value
-
-
-
-
- Cat
-
-
-
-
- By Value
-
-
-
- By Product Form
-
-
- Introduction
-
-
-
-
- Product Form By Value
-
-
-
-
- Powder
-
-
-
-
- By Value
-
-
-
-
- Liquid
-
-
-
-
- By Value
-
-
-
- By Distribution Channel
- Introduction
- By Distribution Channel
-
-
-
- Distribution Channel By Value
-
-
-
-
- Specialty Stores
-
-
-
-
- By Value
-
-
-
-
- Mass Retail Stores
-
-
-
-
- By Value
-
-
-
-
- Direct-To-Consumers
-
-
-
-
- By Value
-
-
-
-
- E-Commerce
-
-
-
-
- By Value
-
-
-
-
- Others
-
-
-
-
- By Value
-
-
-
- U.S.
-
-
- By Pet Type
-
-
-
-
- Introduction
- Pet Type By Value
- Dog
- By Value
- Cat
- By Value
- Introduction
-
-
-
-
- By Product Form
-
-
-
-
- Introduction
- Product Form By Value
- Powder
- By Value
- Liquid
- By Value
- Introduction
-
-
-
-
- By Distribution Channel
-
-
-
-
- Introduction
- Distribution Channel By Value
- Specialty Stores
- By Value
- Mass Retail Stores
- By Value
- Direct-To-Consumers
- By Value
- E-Commerce
- By Value
- Others
- By Value
- Introduction
-
-
- EUROPE MARKET ANALYSIS
-
- Canada
-
- Introduction
- By Pet Type
-
-
- Introduction
-
-
-
-
- Pet Type By Value
-
-
-
-
- Dog
-
-
-
-
- By Value
-
-
-
-
- Cat
-
-
-
-
- By Value
-
-
-
- By Product Form
-
-
- Introduction
-
-
-
-
- Product Form By Value
-
-
-
-
- Powder
-
-
-
-
- By Value
-
-
-
-
- Liquid
-
-
-
-
- By Value
-
-
-
- By Distribution Channel
-
-
- Introduction
-
-
-
-
- Distribution Channel By Value
-
-
-
-
- Specialty Stores
-
-
-
-
- By Value
-
-
-
-
- Mass Retail Stores
-
-
-
-
- By Value
-
-
-
-
- Direct-To-Consumers
-
-
-
-
- By Value
-
-
-
-
- E-Commerce
-
-
-
-
- By Value
-
-
-
-
- Others
-
-
-
-
- By Value
-
-
-
- U.K.
-
-
- By Pet Type
-
-
-
-
- Introduction
- Pet Type By Value
- Dog
- By Value
- Cat
- By Value
- Introduction
-
-
-
-
- By Product Form
-
-
-
-
- Introduction
- Product Form By Value
- Powder
- By Value
- Liquid
- By Value
- Introduction
-
-
-
-
- By Distribution Channel
-
-
-
-
- Introduction
- Distribution Channel By Value
- Specialty Stores
- By Value
- Mass Retail Stores
- By Value
- Direct-To-Consumers
- By Value
- E-Commerce
- By Value
- Others
- By Value
- Introduction
-
-
-
- Germany
- France
- Spain
- Italy
- Russia
- Nordic
- Benelux
- Rest Of Europe
- APAC MARKET ANALYSIS
-
- Introduction
- By Pet Type
-
-
- Introduction
-
-
-
-
- Pet Type By Value
-
-
-
-
- Dog
-
-
-
-
- By Value
-
-
-
-
- Cat
-
-
-
-
- By Value
-
-
-
- By Product Form
-
-
- Introduction
-
-
-
-
- Product Form By Value
-
-
-
-
- Powder
-
-
-
-
- By Value
-
-
-
-
- Liquid
-
-
-
-
- By Value
-
-
-
- By Distribution Channel
-
-
- Introduction
-
-
-
-
- Distribution Channel By Value
-
-
-
-
- Specialty Stores
-
-
-
-
- By Value
-
-
-
-
- Mass Retail Stores
-
-
-
-
- By Value
-
-
-
-
- Direct-To-Consumers
-
-
-
-
- By Value
-
-
-
-
- E-Commerce
-
-
-
-
- By Value
-
-
-
-
- Others
-
-
-
-
- By Value
-
-
-
- China
-
-
- By Pet Type
-
-
-
-
- Introduction
- Pet Type By Value
- Dog
- By Value
- Cat
- By Value
- Introduction
-
-
-
-
- By Product Form
-
-
-
-
- Introduction
- Product Form By Value
- Powder
- By Value
- Liquid
- By Value
- Introduction
-
-
-
-
- By Distribution Channel
-
-
-
-
- Introduction
- Distribution Channel By Value
- Specialty Stores
- By Value
- Mass Retail Stores
- By Value
- Direct-To-Consumers
- By Value
- E-Commerce
- By Value
- Others
- By Value
- Introduction
-
-
-
- Korea
- Japan
- India
- Australia
- Taiwan
- South East Asia
- Rest Of Asia-Pacific
- MIDDLE EAST AND AFRICA MARKET ANALYSIS
-
- Introduction
- By Pet Type
-
-
- Introduction
-
-
-
-
- Pet Type By Value
-
-
-
-
- Dog
-
-
-
-
- By Value
-
-
-
-
- Cat
-
-
-
-
- By Value
-
-
-
- By Product Form
-
-
- Introduction
-
-
-
-
- Product Form By Value
-
-
-
-
- Powder
-
-
-
-
- By Value
-
-
-
-
- Liquid
-
-
-
-
- By Value
-
-
-
- By Distribution Channel
-
-
- Introduction
-
-
-
-
- Distribution Channel By Value
-
-
-
-
- Specialty Stores
-
-
-
-
- By Value
-
-
-
-
- Mass Retail Stores
-
-
-
-
- By Value
-
-
-
-
- Direct-To-Consumers
-
-
-
-
- By Value
-
-
-
-
- E-Commerce
-
-
-
-
- By Value
-
-
-
-
- Others
-
-
-
-
- By Value
-
-
-
- UAE
-
-
- By Pet Type
-
-
-
-
- Introduction
- Pet Type By Value
- Dog
- By Value
- Cat
- By Value
- Introduction
-
-
-
-
- By Product Form
-
-
-
-
- Introduction
- Product Form By Value
- Powder
- By Value
- Liquid
- By Value
- Introduction
-
-
-
-
- By Distribution Channel
-
-
-
-
- Introduction
- Distribution Channel By Value
- Specialty Stores
- By Value
- Mass Retail Stores
- By Value
- Direct-To-Consumers
- By Value
- E-Commerce
- By Value
- Others
- By Value
- Introduction
-
-
-
- Turkey
- Saudi Arabia
- South Africa
- Egypt
- Nigeria
- Rest Of MEA
- LATAM MARKET ANALYSIS
-
- Introduction
- By Pet Type
-
-
- Introduction
-
-
-
-
- Pet Type By Value
-
-
-
-
- Dog
-
-
-
-
- By Value
-
-
-
-
- Cat
-
-
-
-
- By Value
-
-
-
- By Product Form
-
-
- Introduction
-
-
-
-
- Product Form By Value
-
-
-
-
- Powder
-
-
-
-
- By Value
-
-
-
-
- Liquid
-
-
-
-
- By Value
-
-
-
- By Distribution Channel
-
-
- Introduction
-
-
-
-
- Distribution Channel By Value
-
-
-
-
- Specialty Stores
-
-
-
-
- By Value
-
-
-
-
- Mass Retail Stores
-
-
-
-
- By Value
-
-
-
-
- Direct-To-Consumers
-
-
-
-
- By Value
-
-
-
-
- E-Commerce
-
-
-
-
- By Value
-
-
-
-
- Others
-
-
-
-
- By Value
-
-
-
- Brazil
-
-
- By Pet Type
-
-
-
-
- Introduction
- Pet Type By Value
- Dog
- By Value
- Cat
- By Value
- Introduction
-
-
-
-
- By Product Form
-
-
-
-
- Introduction
- Product Form By Value
- Powder
- By Value
- Liquid
- By Value
- Introduction
-
-
-
-
- By Distribution Channel
-
-
-
-
- Introduction
- Distribution Channel By Value
- Specialty Stores
- By Value
- Mass Retail Stores
- By Value
- Direct-To-Consumers
- By Value
- E-Commerce
- By Value
- Others
- By Value
- Introduction
-
-
-
- Mexico
- Argentina
- Chile
- Colombia
- Rest Of LATAM
- COMPETITIVE ASSESSMENT
-
- Adoption Matrix
- Pet Milk Market Share By Manufacturers
- Pet Milk Market Ranking By Revenue For Manufacturers
- Average Price By Manufacturers
- Vendor Footprint Analysis
- MARKET PLAYERS ASSESSMENT
-
- Pet Ag Inc.
-
-
- Overview
- Business Information
- Revenue
- ASP
- Gross Margin
- Swot Analysis
- Recent Developmments
-
-
- Beaphar
- B.V.
- Grober Nutrition Inc.
- Fetch For Pets
- L.L.C.
- Milk Products Inc.
- Manna Pro Products
- Petlife International Ltd.
- Royal Canin U.S.A. Inc.
- Toplife Formula Pvt. Ltd.
- Versele-Laga
- N.V.
- RESEARCH METHODOLOGY
-
- Research Data
-
-
- Secondary Data
-
-
-
-
- Major Secondary Sources
- Key Data From Secondary Sources
-
-
-
-
- Primary Data
-
-
-
-
- Key Data From Primary Sources
- Breakdown Of Primaries
-
-
-
-
- Secondary And Primary Research
-
-
-
-
- Key Industry Insights
-
-
-
- Market Size Estimation
-
-
- Bottom-Up Approach
- Top-Down Approach
- Market Projection
-
-
- Research Assumptions
-
-
- Assumptions
-
-
- Limitations
- Risk Assessment
- APPENDIX
-
- Discussion Guide
- Customization Options
- Related Reports
- DISCLAIMER
Table of Content and Figure @ https://straitsresearch.com/report/pet-milk-market/toc
Market News
- In May 2022, All Grober milk replacer products ordered in 20kg are now packaged in the new bags. They have discontinued our 'A+' purses to simplify the ordering and filling system to serve customers better. This updated look is a continuation of the process to manage bag stock better and ensure timely filling and delivery of all Grober milk replacer products.
- In November 2021, Collaboration with the B.C.-based distributor, Dairy Crop Solutions, will see 1,200 bags of Grober Excel premium milk replacer delivered to affected dairy farmers.
News Media
Global Organic Pet Food Market Grows Steadily at a CAGR of 5%
Global Pet Food Ingredient Market to Ascend at a CAGR During Estimated Period
Have a Look at the Related Research Report
Organic Pet Food Market: Information by Type (Wet Organic Pet Food, Dry Organic Pet Food), End-User (Cat, Dog, Fish, Bird), Distribution Channel (Hypermarkets/Supermarkets, Pet Shops, Online Stores), and Region—Forecast Till 2031
Pet Care Market: Information by Product Type (Pet Food, Pet Care Products, and Services), Animals (Dogs, Cats, Birds, Fishes, and Horses), Distribution Channel (E-commerce and Stores), and Regions—Forecast till 2031
Functional Pet Food Market: Information by Pet (Dog, Cat), Source (Organic and Conventional), Application (Bone Health, Brain Health), Distribution Channel, and Region — Forecast till 2030
Pet Furniture Market: Information by Pet Type (Dogs, Cats), Product Type (Houses, Beds and Sofas, Trees and Condos), Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, E-Commerce), and Region — Forecast till 2030
About Straits Research Pvt. Ltd.
Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
For more information on your target market, please contact us below:
Phone: +1 646 480 7505 (the U.S.)
+91 8087085354 (APAC)
+44 208 068 9665 (the U.K.)
Email: sales@straitsresearch.com
Follow Us: LinkedIn | Facebook | Instagram | Twitter
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.