Pet Food Market: Growing Spotlight on Sustainability With the growing concern of resource overuse globally, consumers are becoming increasingly aware of their purchases' social and environmental impact. As a result, sustainability is gaining prominence among most consumer goods markets, with the pet food market being no exception. According to Inkwood Research, the global pet food market, valued at $114240.39 million in 2022, is expected to register a CAGR of 7.72% during the forecast period, 2023-2032.
Our blog briefly examines the pet food market sustainability through food production, environmental control, and food packaging.
Sustainability through Food Production
The environmental footprint of pet ownership and the provision of necessary food and supplies for pets in terms of emissions, waste, and natural resource use has increased. With regard to pet food production, sustainability is defined as the ability to produce pet food in adequate amounts with sufficient essential nutrients for optimum health in the present and future while accounting for the smallest environmental footprint. This has facilitated the launch of different plant-based products. Plant-based claims are among the many ways brands appeal to sustainability-conscious consumers. Moreover, formulators particularly focus on animals' nutrients and unique nutritional needs at every life stage. Interestingly, blends are gaining popularity as well.