The pet food bowl market consists of products such as stainless steel food bowls, ceramic food bowls, plastic food bowls and others that are used to feed pets. Pet food bowls are essential kitchenware accessories for pet owners to feed their dogs and cats in a hygienic manner on a daily basis. The rising adoption of pets such as dogs and cats across households has increased the demand for pet feeding accessories including food bowls, which is one of the key drivers for growth of this market. These bowls are designed keeping in mind factors like convenience, durability and preventing spillage while feeding.
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 market are PetSafe, Outward Hound, Bond Pet Foods Inc, Lola and Daisy Designs, Neater Pet Brands LLC.
Rising trends such as pet humanization and increasing disposable income of people have boosted the demand for premium and innovative Pet Food Bowl Market Demand products, thereby offering ample opportunities for market players to launch new and varied products.
Key players are focusing on expanding their geographic footprint in high potential regions including Asia Pacific and Latin America in order to tap the growth opportunities offered in these emerging markets.
Market Drivers
The rising adoption of pets globally coupled with increasing spending on petcare is a major driver of the pet food bowl market. According to the American Pet Products Association (APPA), U.S. pet industry spending reached $103.6 billion in 2020 and expenditure on food, treats and other supplies amounted to over $36 billion.
Market Restraints
Factors like availability of counterfeit and low quality products with similar designs as branded offerings pose a significant threat to the growth of established manufacturers in this market. Sub-standard products can also threaten pet health and safety and affect brand perception among owners.
Segment Analysis
The pet food bowl market is fragmented into several segments based on pet type which includes dogs, cats, and others. The dog food bowl segment accounts for the major share in the market owing to the large dog population globally as well as the trend for humanization of pets. Further, dog owners are highly concerned about their pet's health and tend to spend on quality food and accessories. The cat food bowl segment holds the second position due to rising cat adoption in developed nations. However, the others segment including birds and small animals is projected to witness the fastest growth over the forecast period.
Global Analysis
The North America region dominates the global pet food bowl market and holds the largest revenue share currently. This is attributed to high pet caring expenditure and trend of nuclear families in countries like the US and Canada. Europe stands as the second largest market for pet food bowls driven by increasing pet adoption in countries like Germany, UK, and France. Meanwhile, Asia Pacific region is identified as the fastest growing market for pet food bowls during the forecast years. Factors such as rising pet population, growing pet humanization, increase in disposable income and expanding middle-class population support the market growth across developing nations including China, India.
Get this Report in Japanese Language:
Get this Report in Korean Language:
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.
(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )
Comments
0 comment