According to a new report published by Allied Market Research, titled, “Organic Pet Food Market," The organic pet food market size was valued at $18.7 billion in 2021, and is estimated to reach $29.2 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.Pet food that carries the organic label must adhere to U.S. Department of Agriculture (USDA) requirements and be natural. Animals fed organic pet food benefit from greater general health, less digestive issues, fewer skin allergies and aliments, better quality of life, and other health benefits.
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The major players analyzed for global organic pet food industry are Avian Organics, Biopet Australia, Cargill, Diamond Pet Foods, Evanger’s Dog & Cat Food Company, Inc., Harrison’s Bird Foods, Hill’s Pet Nutrition, Lily’s Kitchen, Mars Inc., Natural Pet Food Group, Nestle, Newman’s Own, Oxbow Animal Health, Party Animal, and PetGuard.
KEY FINDINGS OF STUDY
By pet type, the dogs segment was the highest revenue contributor to the market, with $8,562.0 million in 2021, and is estimated to reach $13,189.0 million by 2031, with a CAGR of 4.7%.
By food type, the dry food segment was the highest revenue contributor to the market, with $6,317.3 million in 2021, and is estimated to reach $9,563.7 million by 2031, with a CAGR of 4.5%.
Depending on sales channel, the specialized pet shops segment was the highest revenue contributor to the market, with $6,808.7 million in 2021, and is estimated to reach $10,327.3 million by 2031, with a CAGR of 4.5%.
Region wise, North America was the highest revenue contributor, accounting for $6,402.9 million in 2021, and is estimated to reach $9,549.3 million by 2031, with a CAGR of 4.3%.
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