Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has declined at a CAGR of 1.1 % over the past five years, to reach an estimated $29.0bn in 2025.
Trends and Insights
Input price whiplash transforms purchasing, pricing and industry strategy in pet food
- From 2021 to 2023, poultry prices soared by 38.5% and 42.3% before plunging 11.2% in 2023, while red meat and seafood posted double-digit swings across several years. This turbulence kept purchases elevated above 52% of revenue and forced producers into constant price recalibrations to manage unpredictable costs.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Premiumization will drive steady revenue quality gains and widen market gaps
- Revenue expansion through 2030 will depend on higher average selling prices, not just volume growth, as premium SKUs—such as therapeutic diets, functional supplements and human-grade meals—take center stage. Expansion of fresh and refrigerated formats, backed by distributed micro-factory networks, will accelerate premium channel penetration, making subscription and DTC models increasingly attractive for high-margin growth.
Biggest companies in the Pet Food Production in the US
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Mars Inc. | 8,594.5 | 1,663.4 | 19.4 | |
Nestle Sa | 6,697.3 | 1,537.7 | 23.0 | |
Diamond Pet Company | 1,913.7 | 171.5 | 9.0 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Dog food, Cat food and Other. Dog food is the largest segment of the Pet Food Production in the US.
Trends and Insights
Premiumization and channel shifts safeguard dog food’s dominance amid demand normalization
- Dog food accounted for 66.1% of the pet food industry's revenue in 2025, as the early pandemic surge gave way to a steadier, more nuanced growth pattern. While mass-market dry kibble initially drove volume spikes, sustained gains increasingly came from premium lines, health-focused formulations and fortified therapeutic diets.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
This industry primarily manufactures dog and cat food. Common ingredients include grains, oilseed mill products and meat products. This industry concentrates on dry and semi-moist dog and cat foods in cans or packaged otherwise. Feed for farm livestock is not included.
What's included in this industry?
Products and services covered in the Pet Food Production industry in the United States include Producing dry dog food, Producing dry cat food, Producing natural and organic pet foods, Producing wet cat food, Producing dog treats, Producing wet dog food, Producing other dog and cat foods and Producing cat treats.Companies
Companies covered in the Pet Food Production industry in the United States include Mars Inc., Nestle Sa and Diamond Pet Company.Purchase this report to view all 5 major companies in this industry.
Related Terms
Related terms covered in the Pet Food Production industry in the United States include pet parents, biofuel and kibble.Industry Code
NAICS 311111 - Pet Food Production in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Pet food producers navigate extreme input price swings by overhauling supply chains and pricing strategies. They adopt agile procurement, diversified sourcing and real-time m...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Domestic pet food exporters capitalize on surging demand in Asia and premiumization trends. They tailor their offerings to include traceable ingredients, flexible packaging a...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2025
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Great Lakes region leads the way in pet food production, thanks to its strong supply chains and skilled labor. Producers benefit from access to local ingredients, efficie...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each state in 2025
- Number and share of revenue each state accounts for in 2025
- Number and share of wages each state accounts for in 2025
- Number and share of employees in each state in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Industry giants ramp up pet food consolidation through mergers and acquisitions. They wield their scale to slash costs, optimize supply chains and muscle smaller brands off s...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Mars transforms pet food leadership by boosting premium and clinical offerings. The company’s deep R&D, strategic vet partnerships and smart plant expansions anchor resilient...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of Mars Inc.'s performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Nestle Sa's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Diamond Pet Company's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Mars Inc., and factors influencing its performance in the industry
- Description and key data for Nestle Sa, and factors influencing its performance in the industry
- Description and key data for Diamond Pet Company, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry is heavily regulated, with the FDA closely monitoring product quality and marketing. The industry will face higher regulatory scrutiny as more environmentally-fr...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Pet food producers boost profit by optimizing product mix and procurement agility. They lean into higher-margin products and flexible sourcing, balancing premiumization with ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Industry Multiples (2018-2023)
- Industry Tax Structure (2018-2023)
- Income Statement (2018-2023)
- Balance Sheet (2018-2023)
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Pet Food Production industry in the United States in 2025?
The market size of the Pet Food Production industry in the United States is $29.0bn in 2025.
How many businesses are there in the Pet Food Production industry in the United States in 2025?
There are 1,133 businesses in the Pet Food Production industry in the United States, which has grown at a CAGR of 8.5 % between 2020 and 2025.
How may import tariffs affect the Pet Food Production industry in the United States?
The Pet Food Production industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Pet Food Production industry in the United States?
The Pet Food Production industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Pet Food Production industry in the United States grown or declined over the past 5 years?
The market size of the Pet Food Production industry in the United States has been declining at a CAGR of 1.1 % between 2020 and 2025.
What is the forecast growth of the Pet Food Production industry in the United States over the next 5 years?
Over the next five years, the Pet Food Production industry in the United States is expected to grow.
What are the biggest companies in the Pet Food Production industry in the United States?
The biggest companies operating in the Pet Food Production industry in the United States are Mars Inc., Nestle Sa and Diamond Pet Company
What does the Pet Food Production industry in the United States include?
Producing dry dog food and Producing dry cat food are part of the Pet Food Production industry in the United States.
Which companies have the highest market share in the Pet Food Production industry in the United States?
The company holding the most market share in the Pet Food Production industry in the United States is Mars Inc..
How competitive is the Pet Food Production industry in the United States?
The level of competition is high and increasing in the Pet Food Production industry in the United States.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
