The current state of the best feed companies in 2023
In 2023, the top 10 pet food companies will continue to grow the industry. The global pet food market was valued at USD 94.76 billion in 2021 and is projected to grow at a CAGR of 4.4% between 2023 and 2025.
Pet food growth is driven by rising disposable incomes and urbanization, changing lifestyles, increasing awareness of pet care and changing pet food habits, increasing demand for premium products, growing demand from growing markets such as China and India, and increasing cat and dog populations. Worldwide, consumer awareness of the health benefits of homemade pet meals is growing and the popularity of natural foods is growing. The world’s largest pet food companies are driving this growth. Pet food manufacturers have invested in innovation to maintain market share in the industry by introducing new products based on consumer preferences, such as natural ingredients or organic pet foods.
How big is the global pet food industry? The size of the global pet food market is estimated to reach USD 99.10 billion by 2023. Who are the biggest pet food manufacturers? Currently, the market is dominated by large companies such as Mars Petcare, Inc., which generate $37 billion annually. General Mills, Nestlé Purina PetCare, J.M. The Smucker Company and Hill’s Pet Nutrition complement the world’s best pet food brands.
As consumers have become healthier, the pet food industry has evolved to meet these needs and improve its offerings for both pets and their owners. The best pet food companies of 2023 will continue to focus on creating innovative products tailored to the needs of each customer. This means a wide variety of different foods, both organic and products made with natural ingredients. It also means that customers have to make choices about packaging materials and how to pay for their products.
This article lists the 10 largest pet food companies in the world in 2023, including information on their annual revenue and sales. This information can help you answer the following questions about the global pet food industry:
- Who are the best pet food companies in the world?
- Where are?
- What kind of products do they produce?
- Which countries have the most pet food manufacturers?
- What are the top pet food brands by revenue?
- What are the leading companies in many other pet industries?
- Global pet food industry statistics and trends you need to know.
- What are the top three pet industries and categories?
- How to market your business to pet food companies.
BizVibe’s database of top pet food brands includes profiles of large companies such as Mars Petcare, Inc. and General Mills, as well as many smaller companies. The database also contains detailed information about each company’s products, services, business risks and more. See business data, revenue, headcount and more for the world’s 10 largest pet food companies.
Global pet food industry statistics and trends
The global pet food industry is one of the fastest growing economies today. It was recently estimated that the industry will grow at an annual rate of 5 percent until 2023. The growth is due to several factors, such as increased pet ownership and the desire for higher quality food.
- In this article, we’ll cover global pet food statistics and trends you need to know about.
- The Pet Food Industry is a huge market with global sales exceeding $100 billion. Although the market seems saturated, there is still room for growth.
- The global pet food market is estimated to be valued at USD 99.10 billion by 2023 and is projected to grow at a CAGR of 4.4% between 2023 and 2025.
- Mars Petcare, Inc. is the world’s largest pet food brand with annual sales of $37 billion.
- What are the top three pet food industries and categories? The top three pet food industries are dog food, cat food and dog supplements.
- The United States accounts for the largest share of global pet food sales at 41%, followed by Europe (24%), Asia Pacific (22%), Latin America (9%), and the Middle East & Africa ( 8%).
- Brand: Pedigree
- Age Range Description: Adult
- Target Species: Dog
- Specific Uses for Product: Teeth
- Brand: Evolve
- Age Range Description: All Life Stages
- Target Species: Dog
- Item Form: Grain
- Brand: Purina Pro Plan
- Flavor: Large Breed Salmon & Rice
- Item Form: Baked, Crunchy, Hard, Kibble
- Target Species: Dog
Top 5 Best Pet Food Companies in the World in 2023
Below is a list of the top ten pet food brands in the world based on production capacity, revenue, sales, influence and more. We provide insight into the product and service offerings, key results and geographical locations of leading pet food companies.
The following is a list of the world’s top pet food companies by production, sales, revenue and market leadership.
1. Mars Petcare, Inc.
About this item
| Brand | Pedigree |
| Age Range Description | Adult |
| Target Species | Dog |
| Item Form | Stick |
| Specific Uses for Product | Teeth |
Who is the largest pet food company in the world? Mars Petcare, Inc. ranks #1 on our list of the 10 largest pet food companies in the world by 2023. Mars Petcare, Inc. is an American pet food company founded in 2001 when Mars, Incorporated acquired Iams and Eukanuba. The company has more than 50 manufacturing facilities in North America and Europe and its products are sold in more than 70 countries worldwide.
The company’s products include Pedigree, Nutro, and Whiskas brand dog foods; Cesar, Sheba and Royal Canin cat food; Kind dog food brands; Holistic Select, Natural Balance, and Taste of the Wild cat food brands; Milos brand dog treats; Royal Canin Veterinary Diet Brands for Dogs and Cats; Kal Ka brand dry dog food; Whiskas Temptations cat treats; Dingo Dog treats for dogs; Taste of the Wild cat and kitten food; Meow Mix variety of cat food; Variety of Natural Balance dry food for cats; and Natural Balance Limited Ingredient Diets dry cat food.
2. General Mills
About this item
| Brand | Evolve |
| Flavor | Turkey |
| Age Range Description | All Life Stages |
| Target Species | Dog |
| Item Form | Grain |
General Mills is #2 on this list of the world’s top ten pet food manufacturers in 2023. General Mills is a leading global nutrition company committed to making its products safe and nutritious while reducing the environmental impact of pet food. . Practices. General Mills is one of the largest pet food companies in the world. It owns brands such as Purina, Alpo and ProPlan. The company’s animal care division had revenues of $17 billion in 2017.
3. Nestlé Purina PetCare
About this item
| Brand | Purina Pro Plan |
| Flavor | Large Breed Salmon & Rice |
| Age Range Description | Puppy |
| Target Species | Dog |
| Item Form | Baked, Crunchy, Hard, Kibble |
Nestlé Purina PetCare is third on this list of the top ten pet food companies in the world in 2023. Headquartered in St. Louis, Missouri, USA, it was founded in 1894 by William H. Danforth as the Ralston Purina Company. In addition to pet food, it also produces animal health products, such as prescription nutrients and over-the-counter pet medicines.
- The company produces dry and wet foods, including Purina Dog Chow, Purina Cat Chow, Friskies, and Fancy Feast. It also sells pet treats under the Milk Bone brand.
Nestlé Purina PetCare owns the following brands:
Nestlé Purina PetCare Company has more than 1,000 locations in 60 countries around the world. The company employs more than 20,000 people worldwide, with sales of more than $11 billion in 2017
4. The J.M. Smucker Company
About this item
JM The Smucker Company is #4 on this list of the top 10 pet food brands in the world in 2023. J.M. The Smucker Company is a pet food company headquartered in Orrville, Ohio, United States. It owns the Meow Mix and Kibbles ‘n Bits brands. The company was founded in 1897 by Jonathan M. Smucker as a fruit processing company and later expanded into peanut butter production. In 2000, it merged with Best Foods Inc., which was formed in 1929 from the merger of Best Foods and RJR Nabisco’s meatpacking subsidiary Oscar Mayer & Co., which included the Barnum’s Animal Crackers brand.
5. Deuerer
About this item
| Brand | Iams |
| Age Range Description | Adult |
| Target Species | Dog |
| Item Form | Chunks, Dry |
| Specific Uses for Product | Weight Management, Immune System, Nutrition, Muscle, Digestion |
In 2023, Deuerer will complete the list of the world’s ten largest pet food companies. This German company has been around for over a century and first entered the pet food industry in 1967 by purchasing the Anemone Company. At that time, Deuerer mainly produced wet food for dogs and cats under the brand name Anemone. In 1969, Deuerer bought another company called Animonda, which produced dry dog food under the same brand name.
Today, Deuerer offers dry and wet food for cats and dogs under several brands, including Anemone, Animonda and Royal Canin (acquired in 2007). The company also prepares food for other animals, such as horses and birds.
This is BizVibe’s list of the 10 largest pet food companies in the world for 2023. The pet food industry is affected by several market trends. The world’s largest pet food companies are a mix of large multinationals and specialty brands with passionate followers who love the story behind their brands. Companies must offer balanced nutrition, great taste and limited ingredients to appeal to interested pet owners.
So when big brands like General Mills and Mars Petcare, Inc. know how to tap into this market with the right strategies, then you should too. Find out how these companies approach pet food.
The future of the pet food industry
The pet food industry is one of the fastest growing and most profitable sectors of the food industry. In the United States alone, $69 billion was spent on pet food in 2015, and that number is expected to continue to grow as more people decide to bring pets into their households.
As the number of pets continues to grow, so does the demand for high-quality pet food. This creates more opportunities for innovation in the sector. To understand what’s in store for this industry, let’s take a look at some of the trends shaping the future:
Increase in pet adoption
The number of households with pets has increased by almost 20% since 2004. This trend doesn’t seem to be abating: in fact, by 2020, more than 73 million cats and dogs will be living with their owners in America alone! As more and more people adopt and take in pets, they need resources like healthy pet food to keep them fed and happy.
A shift to a plant-based diet among humans is also likely to spur growth in this area; Since pets are also family members, many owners want them to experience similar health benefits from foods such as vegan or gluten-free options.
Ultimately, the pet food industry is expected to become an increasingly data-driven industry in the coming years. This makes a lot of sense when you look at the data currently being collected by pet food companies and it will only grow as technology advances and becomes more and more integrated into everyday life.
Most pet food manufacturers in the world in 2023
In addition to the major pet food companies, there will be many other pet food industries to keep an eye on in 2023.