Market Overview:
The global pet milk market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising disposable income, growing awareness about animal health and nutrition, and increasing demand for premium pet food products. The liquid pet milk segment is expected to dominate the global market during the forecast period owing to its high nutritional value and easy digestibility. The segment is also projected to grow at a higher CAGR than other segments during the forecast period. Among applications, puppies or kittens are expected to account for the largest share of the global pet milk market in 2018 owing to their high nutritional needs.
Product Definition:
Pet milk is a type of milk that is specifically designed for feeding pets, such as cats and dogs. It differs from regular cow's milk in that it has a higher fat content and lower levels of lactose, making it easier for pets to digest. Pet milk also typically contains added nutrients that are beneficial for pets' health.
Liquid:
Liquid milk is a by-product of cow's milk. It has several advantages over whole milk including easy handling, transportation and storage. The liquid also has higher nutritional value than the traditional form of dairy product as it contains vitamin A & D, riboflavin and niacin (Vitamin B3) along with essential fatty acids.
The global liquid market size was valued at USD 4,867 million in 2014.
Solid:
Solid is a by-product of the milk and it contains all the ingredients that are present in cow's milk. It has vitamin D, E, K which helps to keep skin healthy and strong. It also contains selenium which prevents cancer and aids in maintaining heart health.
It also helps to reduce blood sugar levels after meals as well as improves digestion by strengthening stomach muscles.
Application Insights:
The puppy or kitten application segment accounted for the largest revenue share of over 40% in 2017. The demand for pet milk is generally higher in puppy or kitten packs than adult packs as puppies and kittens need to consume more water and food than adults. Moreover, increasing the number of pet dogs has led to an increased demand for pet milk due to a high requirement of dietary proteins.
The adult application segment is expected to witness the fastest growth rate over the forecast period owing to growing awareness regarding calorie deficiency among aging people across countries such as China, Japan, Germany and U.S., which may result in reduced immunity leading old age diseases such as cancer among animals including cats & dogs thereby encouraging their owners towards purchasing nutrient-rich products like pet milk fortification with additional calcium & vitamin D3 etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its lead over the forecast period as well due to increasing pet adoption coupled with rising disposable income of consumers. China and India are among the top 10 countries having the highest number of domestic pets in Asia Pacific, which also indicates a high potential for growth over the next eight years.
North America accounted for more than 20% share of overall revenue in 2017 owing to growing demand from U.S., Canada, and Mexico on account of rising awareness regarding animal welfare issues coupled with increasing disposable income especially among millennials and generation Z-ers (born between 1995 & 2000). These trends are projected to continue driving regional growth over the forecast period.
Growth Factors:
- Increasing demand for premium pet food products that offer better nutrition and health benefits is driving the growth of the pet milk market.
- Rising awareness about the benefits of pet milk is encouraging more people to include it in their pets' diet, thereby propelling the market growth.
- Growing trend of keeping pets as companions is fueling demand for high-quality pet milk products across the globe.
- Availability of a wide variety of flavors and packaging options in the market is attracting new consumers, which is contributing to market expansion. 5) The increasing number of working couples and single-person households has resulted in a rise in ownership rates for small dogs, who are generally considered as easier to care for than cats or larger dogs; this factor too is aiding growth prospects for global pet milk sales
Scope Of The Report
Report Attributes
Report Details
Report Title
Pet Milk Market Research Report
By Type
Liquid, Solid
By Application
Puppy or Kitten, Adult, Senior
By Companies
Mars(Mars Petcare), Nestle Purina PetCare, J.M.Smucker, Hill's Pet Nutriton, Blue Buffalo, Spectrum Brands(United Pet Group), Laroy Group, Tiernahrung Deuerer GmbH, Heristo AG, Diamond Pet Foods, Petpal Pet Nutrition Technology Co., Ltd., Navarch Pet Products, Cargill, Breeder's Choice, AvoDerm, Solid Gold, Zignature, Unicharm Corporation, Thai Union Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Pet Milk Market Report Segments:
The global Pet Milk market is segmented on the basis of:
Types
Liquid, Solid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Puppy or Kitten, Adult, Senior
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mars(Mars Petcare)
- Nestle Purina PetCare
- J.M.Smucker
- Hill's Pet Nutriton
- Blue Buffalo
- Spectrum Brands(United Pet Group)
- Laroy Group
- Tiernahrung Deuerer GmbH
- Heristo AG
- Diamond Pet Foods
- Petpal Pet Nutrition Technology Co., Ltd.
- Navarch Pet Products
- Cargill
- Breeder's Choice
- AvoDerm
- Solid Gold
- Zignature
- Unicharm Corporation
- Thai Union Group
Highlights of The Pet Milk Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid
- Solid
- By Application:
- Puppy or Kitten
- Adult
- Senior
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pet Milk Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pet milk is a type of milk that is specifically made for pets. It is usually lower in fat and calories than regular cow or human milk, and it may also contain additional nutrients that are beneficial to pets.
Some of the major players in the pet milk market are Mars(Mars Petcare), Nestle Purina PetCare, J.M.Smucker, Hill's Pet Nutriton, Blue Buffalo, Spectrum Brands(United Pet Group), Laroy Group, Tiernahrung Deuerer GmbH, Heristo AG, Diamond Pet Foods, Petpal Pet Nutrition Technology Co., Ltd., Navarch Pet Products, Cargill, Breeder's Choice, AvoDerm, Solid Gold, Zignature, Unicharm Corporation, Thai Union Group.
The pet milk market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pet Milk Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pet Milk Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pet Milk Market - Supply Chain
4.5. Global Pet Milk Market Forecast
4.5.1. Pet Milk Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pet Milk Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pet Milk Market Absolute $ Opportunity
5. Global Pet Milk Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pet Milk Market Size and Volume Forecast by Type
5.3.1. Liquid
5.3.2. Solid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pet Milk Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pet Milk Market Size and Volume Forecast by Application
6.3.1. Puppy or Kitten
6.3.2. Adult
6.3.3. Senior
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pet Milk Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pet Milk Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pet Milk Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pet Milk Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pet Milk Demand Share Forecast, 2019-2026
9. North America Pet Milk Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pet Milk Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pet Milk Market Size and Volume Forecast by Application
9.4.1. Puppy or Kitten
9.4.2. Adult
9.4.3. Senior
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pet Milk Market Size and Volume Forecast by Type
9.7.1. Liquid
9.7.2. Solid
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pet Milk Demand Share Forecast, 2019-2026
10. Latin America Pet Milk Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pet Milk Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pet Milk Market Size and Volume Forecast by Application
10.4.1. Puppy or Kitten
10.4.2. Adult
10.4.3. Senior
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pet Milk Market Size and Volume Forecast by Type
10.7.1. Liquid
10.7.2. Solid
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pet Milk Demand Share Forecast, 2019-2026
11. Europe Pet Milk Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pet Milk Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pet Milk Market Size and Volume Forecast by Application
11.4.1. Puppy or Kitten
11.4.2. Adult
11.4.3. Senior
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pet Milk Market Size and Volume Forecast by Type
11.7.1. Liquid
11.7.2. Solid
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pet Milk Demand Share, 2019-2026
12. Asia Pacific Pet Milk Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pet Milk Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pet Milk Market Size and Volume Forecast by Application
12.4.1. Puppy or Kitten
12.4.2. Adult
12.4.3. Senior
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pet Milk Market Size and Volume Forecast by Type
12.7.1. Liquid
12.7.2. Solid
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pet Milk Demand Share, 2019-2026
13. Middle East & Africa Pet Milk Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pet Milk Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pet Milk Market Size and Volume Forecast by Application
13.4.1. Puppy or Kitten
13.4.2. Adult
13.4.3. Senior
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pet Milk Market Size and Volume Forecast by Type
13.7.1. Liquid
13.7.2. Solid
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pet Milk Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pet Milk Market: Market Share Analysis
14.2. Pet Milk Distributors and Customers
14.3. Pet Milk Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mars(Mars Petcare)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nestle Purina PetCare
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. J.M.Smucker
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hill's Pet Nutriton
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Blue Buffalo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Spectrum Brands(United Pet Group)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Laroy Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tiernahrung Deuerer GmbH
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Heristo AG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Diamond Pet Foods
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Petpal Pet Nutrition Technology Co., Ltd.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Navarch Pet Products
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Cargill
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Breeder's Choice
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. AvoDerm
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Solid Gold
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Zignature
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Unicharm Corporation
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Thai Union Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
