Pet Food Bowl Market will grow at highest pace owing to increase in pet adoption across the globe
Pet Food Bowl Market will grow at highest pace owing to increase in pet adoption across the globe
Blog Article
The global pet food bowl market has been witnessing steady growth in demand over the past few years. Pet food bowls are essential feeding accessories for cats and dogs that keep the food hygienic and prevent spillage. Stainless steel and ceramic pet food bowls are increasingly preferred by pet owners owing to their durability and ease of cleaning. Growing humanization of pets and rising expenditure on pet care have compelled pet owners to offer premium quality food and accessories to their pets.
The pet food bowl market is estimated to be valued at USD 3.66 Bn in 2024 and is expected to reach USD 5.22 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Key Takeaways
Key players operating in the pet food bowl are Lola and Daisy Designs, Outward Hound, OurPets, Neater Feeder, PetSafe, Petfusion, Platinum Pets. Growing demand for eco-friendly and BPA free food bowls is driving many players to offer sustainable products. Technological advancements such as interactive and automatic feeders are gaining traction in the market.
Market Trends
One of the key trends witnessed in the Pet Food Bowl Market Demand is the increasing demand for personalized and customized bowls. Manufactures are offering bowls in different colors, sizes, and designs catering to different pets. Another trend in the market is the adoption of eco-friendly and BPA free materials such as stainless steel, bamboo, silicon etc. for bowl manufacturing.
Market Opportunities
Rising adoption of pets globally presents lucrative growth opportunities. Emerging nations are expected to provide high growth prospects to players. Innovation in product offerings such as introduction of interactive, automatic feeders, feeding mats etc. also opens new opportunities. Rising pet humanization and premiumization is compelling manufactures to offer tech-enabled value-added products.
Content: Impact of COVID-19 on Pet Food Bowl Market Growth
The COVID-19 pandemic had a significant impact on the pet food bowl market as it led to behavioral changes in consumers. During the lockdowns and restrictions imposed globally, pet ownership increased substantially as people sought the companionship of pets. With work from home becoming the norm, people spent more time with pets at home and focused more on their dietary needs. This initially boosted the demand for pet food bowls. However, disrupted supply chains led to shortages of raw materials for manufacturers in early 2020. This hampered production and availability of a variety of pet food bowls in the market. With lockdowns lifted gradually in late 2020 and 2021, manufacturing and trade resumed and the market saw a steady recovery. Going forward, trends like increased pet humanization and nuclear families with pets are expected to drive the pet food bowl market post COVID.
While North America has been the largest regional market for pet food bowls due to high pet ownership, Asia Pacific is emerging as the fastest growing region. Rapid economic development, rising disposable incomes and lifestyle changes are fueling pet ownership in countries like China, India and South East Asian nations. In these developing nations, pet food bowls are gaining popularity as perception around pet nutrition enhances. Smaller households are preferring mats, elevated bowls and slow feeders. In contrast, Europe witnessed sluggish growth during pandemic due to stringent lockdowns that impacted manufacturing and retail sales.
Pet Food Bowl Market by Geographical Regions
In terms of value, North America holds the major share of about 30% in the global pet food bowl market and is expected to remain the largest market during forecast period as well. This can be attributed to high per capita pet ownership, growing focus on pet health and premiumization trend in countries like United States and copyright. Another key aspect supporting market growth is the high disposable income of population that allows them to spend more on pet supplies.
However, Asia Pacific region is anticipated to surge ahead as the fastest growing regional market between 2024-2031 at a CAGR of over 7%. Developing economies such as India and China are driving the market growth in Asia Pacific majorly. Rising pet adoption, increasing awareness about pet nutrition coupled with improving standards of living across nations are some of the major factors propelling the demand for pet food bowls in the region. Overall, increasing pet humanization globally is favoring the expansion of pet food bowl market.
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About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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