Pet Industry Overview - Market Size, Trends, and Growth Data

The State of the Pet Food Industry

The pet food and nutrition sector has transformed from a commodity market into one of the fastest-growing segments in consumer packaged goods. Understanding where the industry stands and where it is heading provides essential context for anyone making decisions about pet nutrition, whether as a consumer, professional, or researcher.

Market Size and Spending

The global pet food market exceeded $130 billion in 2024 and continues to grow at roughly 5-7% annually. In the United States alone, pet owners spend over $60 billion per year on food and treats for their animals. The American Pet Products Association estimates that total pet industry spending in the U.S. surpassed $147 billion in 2023, with food and treats representing the largest single category.

Average annual spending on dog food per household now exceeds $700, while cat food averages around $500. These figures have risen steadily as owners migrate toward premium and super-premium products.

Pet ownership in the United States reached historic levels during and after the COVID-19 pandemic. Approximately 66% of U.S. households now own at least one pet, up from 56% a decade ago. The millennial and Gen Z demographics are driving a significant share of this growth, and these cohorts show a strong tendency to “trade up” on pet food quality compared to previous generations.

The humanization of pets, treating animals as family members rather than property, is the single most powerful force shaping pet food purchasing behavior. This trend manifests in demand for recognizable whole-food ingredients, transparent sourcing, clean labels, and products that mirror trends in human nutrition.

Fastest-Growing Categories

Fresh and Refrigerated Pet Food

The fresh pet food segment is growing at more than 20% annually, making it the fastest-expanding category in the industry. Brands offering refrigerated, minimally processed meals have moved from niche direct-to-consumer models into mainstream retail distribution. Fresh food now occupies dedicated refrigerated sections in major pet retailers.

Functional Treats and Supplements

Treats with added functional benefits, such as joint support, dental care, calming ingredients, and digestive health, are growing at roughly 15% per year. Consumers are increasingly willing to pay premium prices for treats that serve a dual purpose.

Insect-Based and Alternative Proteins

Sustainability concerns are driving interest in alternative protein sources. Black soldier fly larvae, cricket meal, and cultured protein products have entered the market, primarily in European markets so far, with growing U.S. availability. These products target environmentally conscious consumers and pets with allergies to conventional proteins.

Regulatory Landscape

Pet food in the United States is regulated at both the federal level (FDA) and state level (through AAFCO-adopted model regulations). The FDA’s ongoing investigation into grain-free diets and DCM has heightened regulatory scrutiny on ingredient formulation. In the European Union, Regulation (EC) No 767/2009 governs pet food labeling and marketing.

Transparency regulations are tightening globally. More jurisdictions are requiring clear origin labeling, restricting unsubstantiated health claims, and mandating testing protocols for contaminants including heavy metals, mycotoxins, and pesticide residues.

What This Means for Pet Owners

The expanding market means more choices, which is generally positive but also increases the difficulty of evaluating options. Understanding these industry dynamics helps pet owners distinguish between genuine product innovation and marketing-driven reformulation. The trends toward transparency, whole ingredients, and functional nutrition reflect real improvements in how pet food is made. The challenge is sorting meaningful advances from superficial repackaging, and that is precisely what the guides on this site are designed to help with.