Pet Treats Market Size, Share, and Growth Analysis, By Product Type (Eatable, Chewable), By Pet Type (Dogs, Cats), By Distribution Channel, By Region - Industry Forecast 2025-2032

Global Pet Treats Market size was valued at USD 8.35 billion in 2023 and is poised to grow from USD 9.01 billion in 2024 to USD 16.55 billion by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032).

The global pet treats market is experiencing robust growth fueled by increasing consumer demand for natural and organic food products for pets. As pet owners become more health-conscious, there is a notable shift towards treats free of harmful chemicals and GMOs. The COVID-19 pandemic also drove a surge in pet adoptions as people sought companionship during isolation, further boosting this market. Notably, between February and May 2020, cat and dog treat sales rose by 6.5%, indicating a sustained post-pandemic growth trend. With the dog population reaching 604.5 million compared to 408.2 million cats in 2022, more pet owners are transitioning from home-cooked to commercial food, driven by the higher dietary requirements of dogs, presenting significant market opportunities.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Pet Treats market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Pet Treats Market Segments Analysis

Global Pet Treats Market is segmented by Product Type, Pet Type, Distribution Channel and region. Based on Product Type, the market is segmented into Eatable and Chewable. Based on Pet Type, the market is segmented into Dogs, Cats and Others. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Online Stores and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Pet Treats Market

The global pet treats market is expected to experience significant growth due to several key drivers, including the rising pet population and enhanced purchasing power. Additionally, the trend of pet humanization is gaining momentum worldwide, prompting pet owners to seek premium food and treats for their beloved animals. Rapid urbanization and an increasing affection for pets are also contributing factors, as individuals are more inclined to invest in high-quality products that cater to their pets' needs. This combination of factors is likely to stimulate the demand for pet treats throughout the forecast period, shaping a vibrant market landscape.

Restraints in the Global Pet Treats Market

The Global Pet Treats market faces significant constraints due to stringent regulatory policies and compliance requirements that dictate the formulation, labeling, and safety standards of pet food products. These regulations pose a considerable challenge for manufacturers, particularly smaller market players who often lack the resources to navigate the complex regulatory landscape effectively. This can limit their ability to compete and innovate, potentially hindering market growth and product availability. As compliance with these regulations becomes increasingly demanding, it creates barriers that may stifle the entry of new players into the market and restrict the overall expansion of the industry.

Market Trends of the Global Pet Treats Market

The Global Pet Treats market has witnessed a remarkable shift in consumer behavior, characterized by a 24.8% surge in pet expenditure from 2017 to 2022. This trend underscores the growing prioritization of pet health and wellness, with dog treats dominating the market share over cat treats. The preference for premium pet foods has become increasingly pronounced, driven by pet owners seeking high-quality, nutritious options for their furry companions. This shift reflects a broader trend of humanization in pet care, leading to innovative product offerings that cater to the evolving tastes and dietary needs of pets, thereby propelling market growth.