Analysis of global pet food industry competition pattern and market share in 2023

In the past five years, the global pet market has maintained a compound annual growth rate of about 7%. According to Euromonitor data, pet food, as an important branch of the pet industry, accounted for more than 70% of global pet food consumption in 2012-2021. In terms of the competition pattern of global pet food enterprises, Mars is the largest pet food enterprise in the world; In terms of regional competition pattern, the United States has an unshakable position, accounting for more than 35% of the global pet food market.Competition status of enterprises in the global pet food industry Leading enterprises rely on strong R&D strength and financial strength to implement multi-brand strategy. Mars, Nestle Prena, Hill's Pet-Nutrition, and Orijen are the industry leaders in the global pet food market, with large platforms, wide business scope, mature sales channels and high corporate awareness.