Pet Milk Market Report 2024, Industry Trends, Growth, Size and Forecast Till 2032

 The latest report by IMARC Group, titled “ Pet Milk Market Report by Pet Type (Dog, Cat), Product Form (Powder, Liquid), Distribution Channel (Specialty Stores, Mass Retail Stores, Direct-to-Consumers, Online Stores, and Others), and Region 2024-2032“, The global pet milk market size reached US$ 150.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 257.4 Million by 2032, exhibiting a growth rate (CAGR) of 5.94% during 2024-2032.

Factors Affecting the Growth of Pet Milk Industry:

• Increasing Humanization of Pets:

The humanization of pets, which drives the pet milk market, stems from pet owners now considering their pets as vital family members. This mindset shift prompts them to provide their pets with top-tier care and nutrition akin to their own. Consequently, there is a rising demand for premium pet offerings, including tailored milks. Pet owners are increasingly mindful of the ingredients and nutrition in the products they buy for their beloved pets. This preference has spurred the popularity of organic and natural alternatives, deemed healthier and safer for pets due to their lack of artificial additives, preservatives, and other potentially harmful components.

• Increasing Pet Ownership Rates:

The growth of the pet milk market is significantly influenced by the global increase in pet ownership. As more people embrace pets as part of their households, the demand for pet-related products, such as pet milk, continues to soar. Numerous factors contribute to the rising trend of pet ownership. Firstly, evolving societal attitudes towards pets have resulted in the implementation of more pet-friendly policies and accommodations, simplifying the process of owning pets. Additionally, the surge in remote work and flexible schedules has afforded individuals more time and resources to devote to pet care, further stimulating pet ownership. The emotional advantages of owning a pet also play a pivotal role in propelling adoption rates. Research has demonstrated that pet ownership can have positive effects on mental well-being by alleviating stress, anxiety, and depression. As people increasingly acknowledge the therapeutic value of pet companionship, they are increasingly inclined to incorporate pets into their lives, consequently spurring the demand for pet milk and other pet-related products.

• Growing Focus on Pet Health and Wellness:

The increasing emphasis on taking care of pets' health has led to a higher demand for specialized milk products in the pet market. Pet owners are becoming more proactive in ensuring their pets' well-being by providing them with nutritious and functional milk products. A crucial part of maintaining pet health is preventive care, which involves offering pets a well-rounded diet containing essential nutrients. Pet milk products that contain vitamins, minerals, and other beneficial ingredients play a significant role in supporting the overall health and wellness of pets, and this has made them very popular among health-conscious pet owners. Moreover, as pet health issues like obesity, allergies, and digestive problems become more prevalent, pet owners are seeking alternative milk options that specifically address these concerns. For example, lactose-free or hypoallergenic pet milk formulas are designed to cater to pets with dietary sensitivities, providing them with a nutritious substitute for traditional dairy milk.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/pet-milk-market/requestsample

Competitive Landscape with Key Player:

• Beaphar B.V.
• Fetch For Pets LLC
• Grober Nutrition (Gay Lea Foods Co-operative Limited)
• Manna Pro Products LLC (Compana Pet Brands)
• Mars Incorporated
• Milk Specialties Global
• PBI-Gordon Corporation
• TopLife Formula

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Pet Type:

• Dog
• Cat

Dog dominates the market due to their widespread ownership, larger size, and higher consumption rates compared to other types of pets.

Breakup by Product Form:

• Powder
• Liquid

Powder holds maximum number of shares due to its longer shelf life, ease of storage, and versatility in preparation, appealing to a wide range of pet owners seeking convenient and cost-effective options for their pets.

Breakup by Distribution Channel:

• Specialty Stores
• Mass Retail Stores
• Direct-to-Consumers
• Online Stores
• Others

Specialty stores represent the largest segment due to their ability to offer a diverse range of pet milk products and personalized consumer service to cater to the specific needs and preferences of pet owners.

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America’s dominance in the pet milk market is attributed to a combination of high pet ownership rates, increased spending on pet products, and a strong culture of pet humanization.

Global Pet Milk Market Trends:

The increasing trend of city living and busy lifestyles has led to more people preferring pets like cats and small dogs that are suitable for urban spaces. This has created a greater need for convenient and easy-to-transport milk products for pets. Moreover, as veterinary care has improved, pets are living longer, resulting in an older pet population. Older pets may require specialized nutrition, including easily digestible and nutrient-rich milk products tailored to their needs. Furthermore, pet owners are using milk products as treats or supplements to improve their pets' diet and provide extra nourishment. Milk treats are viewed as special snacks or rewards for pets, while milk supplements can be used to support specific health goals such as maintaining a healthy coat or aiding digestion. This has led to a growing demand for a wider range of pet milk products beyond basic nutrition.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163