Global pet food market valued at $91 billion

These figures reflect 6% annual growth in 2018 and a total 31% growth over the period 2013-2018. Between 2013 and 2018 the growth in dog food sales by value was similar to that of the pet care sector as a whole at 6% per year, while growth in volume was smaller (1.5% per year).

By contrast, cat food sales saw more than 2% growth in volume between 2013 and 2018 and 5% growth in value.

North America continues to be the largest market for dog food, followed by Asia where Euromonitor forecasts growth in sales of around $4 billion by 2023 ($7 billion in the rest of the world).

Cat food sales are highest in North America and Western Europe and are expected to grow significantly in Latin America and above all in Asia with an increase of up to $2 billion ($3 billion in the rest of the world).

As for sales channels, e-commerce was the one that performed best with 25% annual growth from 2013 to 2018, while the other channels saw annual growth of less than 5%. Online sales of food for cats and dogs reached $9 billion in 2018 and now make up 10% of global market share.