Pet Milk Market Size is projected to reach USD 245 million by 2030, growing at a CAGR of 7.3%: Straits Research

New York, United States, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Due to considerations such as enhanced social standing and physical and mental health benefits, the trend of keeping companion animals such as dogs and cats is growing significantly more popular than before. Pet ownership can relieve stress, build confidence, keep the heart healthy, and assist control blood pressure and cholesterol levels, all scientifically-proven benefits that urge people to keep pets. As a result, an increase in pet adoption is a critical component driving the pet milk market forward.

Furthermore, due to their bad health, mother dogs/cats may be unable to produce sufficient milk. In such circumstances, the neonatal pups and kittens are fed pet milk or pet milk replacers to supply them with the critical nutrients and proteins they need to survive and grow. Since lactose-intolerant pets such as dogs and cats cannot be given cow milk, the use of pet milk has grown more significant. This is another important reason that drives global demand for pet milk.

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Lack of Adequate Colostrum Milk Pushes the Global Pet Milk Market Forward

The adoption of small puppies and kittens is increasing, especially among the young and urban population. Most households tend to adopt only a single pet. Adoption of the pet or buying a pet from pet stores deprives newborns of colostrum milk. Moreover, in many cases, the mother cannot produce an adequate amount of milk due to a high number of litter. Hence, pet owners tend to opt for pet milk or replacers to feed their pets to fulfill the basic nutritional needs of newborn pets. Pet milk contains prebiotics, probiotics, necessary vitamins, minerals, proteins, carbohydrates, and fats, which are essential for the development and growth of newborn pets. This commercial pet milk is easy to digest and perfectly substitutes the colostrum requirement. Hence, insufficient availability of mother's milk/colostrum fosters the growth of the pet milk market globally.

Growing Popularity of Pet Cafes Provide Umpteen Opportunities for the Global Pet Milk Market

Animal or pet cafes are unique places for pet animals where people can enjoy watching and interacting with numerous pets. There are various pet cafes for animals such as dogs, cats, raccoons, rabbits, reptiles, and birds. People can see pets having drinks and food in a pet cafe. These cafes have slowly gained popularity in the last few years. With the growth in population and adoption of pets, the concept of pet cafes is also gaining popularity. The rise in the number of pet cafes can significantly impact the pet industry's revenue and the pet milk market. Moreover, the most popular cafes include dog and cat cafes. Hence, such factors are expected to provide lucrative opportunities for market growth during the forecast period.

Report Scope

Report Metric	Details
Market Size by 2030	USD 245 million
Market Size in 2021	USD 130 million
CAGR	3.6% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Pet Type, By Product Form, By Distribution Channel
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Pet Ag Inc. ,Beaphar ,B.V. ,Grober Nutrition Inc. ,Fetch For Pets ,L.L.C. ,Milk Products Inc. ,Manna Pro Products ,L.L.C. ,Petlife International Ltd. ,Royal Canin U.S.A. Inc. ,Toplife Formula Pvt. Ltd. ,Versele-Laga ,N.V.
Key Market Opportunities	Growth in Popularity of Pet Cafes
Key Market Drivers	Lack of Adequate Colostrum Milk

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Regional Insights

North America is the leading market for pet milk, owing to its vast pet population. The North American pet milk market is projected to grow at a CAGR of 5.4%. North America is characterized by a huge pet population, increased awareness about the health benefits of owning a pet, nuclear families, high disposable income, and an increased pet adoption rate. All these factors are projected to drive the growth of the pet milk market during the forecast period. 

Europe is the second-largest market for pet milk after North America. The Europe pet milk market is projected to grow at a CAGR of 4.6%. The pet milk market in Europe is expected to grow owing to factors such as consumer awareness, high disposable income, growth in the pet population, developed e-commerce channels, a high rate of pet adoption, and a rise in the trend of pet humanization. 

Asia-Pacific is the third-largest market for pet milk. The factors driving the growth of the pet milk market in Asia-Pacific are growing consumer awareness regarding the health benefits of having a pet, rising disposable income, rapid urbanization and shift towards nuclear family, and an increasing rate of the pet population. The growing importance of online distribution channels will also play a vital role in the growth of the pet milk market in the Asia-Pacific region. 

Key Highlights

• The global pet milk market size is estimated to reach USD 245 million by 2030, growing at a CAGR of 7.3% during the forecast period (2022–2030). 
• Based on pet type, the global pet milk market is categorized into Dogs and Cats. The Dog segment holds the maximum market share and is estimated to grow at a CAGR of 4.8% during the forecast period.
• Based on product form, the global pet milk market is segregated into Powder and Liquid. Powder pet milk is the largest shareholder and is estimated to grow at a CAGR of 5.2% during the forecast period.
• Based on distribution channels, the global pet milk market is segmented into Specialty Stores, Mass Retail Stores, Direct-To-Consumer, E-Commerce, and Others. The Specialty Stores segment dominates the market and is expected to grow at a CAGR of 5% during the forecast period.
• Based on region, the global pet milk market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is the leading market for pet milk, owing to its vast pet population. It is expected to grow at a CAGR of 5.4% during the forecast period.

Competitive Players

The key players profiled in this report include Pet Ag, Inc., Beaphar, B.V., Grober Nutrition, Inc., Fetch For Pets, L.L.C., Milk Products, Inc., Manna Pro Products, L.L.C., Petlife International Ltd., Royal Canin U.S.A., Inc., Toplife Formula Pvt. Ltd., and Versele-Laga, N.V.

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Global Pet Milk Market: Segmentation

By Pet Type

• Dog
• Cat

By Product Form

• Powder
• Liquid

By Distribution channel

• Specialty Stores
• Mass Retail Stores
• Direct-to-Consumers
• E-Commerce
• Others

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA

TABLE OF CONTENT

1. EXECUTIVE SUMMARY
2. RESEARCH SCOPE & SEGMENTATION

2. 1. Research Objectives
   2. Market Definition
   3. Limitations & Assumptions
   4. Market Scope & Segmentation
   5. Currency & Pricing Considered

3. MARKET OPPORTUNITY ASSESSMENT

3. 1. Emerging Regions / Countries
   2. Emerging Companies
   3. Emerging Applications / End Use
   4. Investment Landscape
   5. New Business Models / Revenue Streams
   6. TAM

4. MARKET TRENDS

4. 1. Drivers
   2. Market Warning Factors
   3. Latest Macro Economic Indicators
   4. Geopolitical Impact
   5. Human Factors
   6. Technology Factors

5. MARKET ASSESSMENT

5. 1. Porters Five Forces Analysis
   2. Value Chain Analysis
   3. Raw Material Analysis
   4. Sales And Distribution Channel Analysis
   5. Trade Analysis
   6. M & A Agreements & Collabration Analysis
   7. Export Import Analysis
   8. Cost Structure Analysis

6. ESG TRENDS
7. GLOBAL PET MILK MARKET SIZE ANALYSIS

7. 1. Global Pet Milk Market Introduction
   2. By Pet Type

7. 2. 1. Introduction

1. 1. 1. 1. Pet Type By Value

7. 2. 2. Dog

1. 1. 1. 1. By Value

7. 2. 3. Cat

1. 1. 1. 1. By Value

7. 3. By Product Form

7. 3. 1. Introduction

1. 1. 1. 1. Product Form By Value

7. 3. 2. Powder

1. 1. 1. 1. By Value

7. 3. 3. Liquid

1. 1. 1. 1. By Value

7. 4. By Distribution Channel

7. 4. 1. Introduction

1. 1. 1. 1. Distribution Channel By Value

7. 4. 2. Specialty Stores

1. 1. 1. 1. By Value

7. 4. 3. Mass Retail Stores

1. 1. 1. 1. By Value

7. 4. 4. Direct-To-Consumers

1. 1. 1. 1. By Value

7. 4. 5. E-Commerce

1. 1. 1. 1. By Value

7. 4. 6. Others

1. 1. 1. 1. By Value

8. NORTH AMERICA MARKET ANALYSIS
   1. Introduction
   2. By Pet Type

8. 2. 1. Introduction

1. 1. 1. 1. Pet Type By Value

8. 2. 2. Dog

1. 1. 1. 1. By Value

8. 2. 3. Cat

1. 1. 1. 1. By Value

8. 3. By Product Form

8. 3. 1. Introduction

1. 1. 1. 1. Product Form By Value

8. 3. 2. Powder

1. 1. 1. 1. By Value

8. 3. 3. Liquid

1. 1. 1. 1. By Value

8. 4. By Distribution Channel
      1. Introduction

1. 1. 1. 1. Distribution Channel By Value

8. 4. 2. Specialty Stores

1. 1. 1. 1. By Value

8. 4. 3. Mass Retail Stores

1. 1. 1. 1. By Value

8. 4. 4. Direct-To-Consumers

1. 1. 1. 1. By Value

8. 4. 5. E-Commerce

1. 1. 1. 1. By Value

8. 4. 6. Others

1. 1. 1. 1. By Value

8. 5. U.S.

8. 5. 1. By Pet Type

1. 1. 1. 1. Introduction
            1. Pet Type By Value
         2. Dog
            1. By Value
         3. Cat
            1. By Value

8. 5. 2. By Product Form

1. 1. 1. 1. Introduction
            1. Product Form By Value
         2. Powder
            1. By Value
         3. Liquid
            1. By Value

8. 5. 3. By Distribution Channel

1. 1. 1. 1. Introduction
            1. Distribution Channel By Value
         2. Specialty Stores
            1. By Value
         3. Mass Retail Stores
            1. By Value
         4. Direct-To-Consumers
            1. By Value
         5. E-Commerce
            1. By Value
         6. Others
            1. By Value

8. EUROPE MARKET ANALYSIS
9. 6. Canada

9. 1. Introduction
   2. By Pet Type

9. 2. 1. Introduction

1. 1. 1. 1. Pet Type By Value

9. 2. 2. Dog

1. 1. 1. 1. By Value

9. 2. 3. Cat

1. 1. 1. 1. By Value

9. 3. By Product Form

9. 3. 1. Introduction

1. 1. 1. 1. Product Form By Value

9. 3. 2. Powder

1. 1. 1. 1. By Value

9. 3. 3. Liquid

1. 1. 1. 1. By Value

9. 4. By Distribution Channel

9. 4. 1. Introduction

1. 1. 1. 1. Distribution Channel By Value

9. 4. 2. Specialty Stores

1. 1. 1. 1. By Value

9. 4. 3. Mass Retail Stores

1. 1. 1. 1. By Value

9. 4. 4. Direct-To-Consumers

1. 1. 1. 1. By Value

9. 4. 5. E-Commerce

1. 1. 1. 1. By Value

9. 4. 6. Others

1. 1. 1. 1. By Value

9. 5. U.K.

9. 5. 1. By Pet Type

1. 1. 1. 1. Introduction
            1. Pet Type By Value
         2. Dog
            1. By Value
         3. Cat
            1. By Value

9. 5. 2. By Product Form

1. 1. 1. 1. Introduction
            1. Product Form By Value
         2. Powder
            1. By Value
         3. Liquid
            1. By Value

9. 5. 3. By Distribution Channel

1. 1. 1. 1. Introduction
            1. Distribution Channel By Value
         2. Specialty Stores
            1. By Value
         3. Mass Retail Stores
            1. By Value
         4. Direct-To-Consumers
            1. By Value
         5. E-Commerce
            1. By Value
         6. Others
            1. By Value

9. 6. Germany
   7. France
   8. Spain
   9. Italy
   10. Russia
   11. Nordic
   12. Benelux
   13. Rest Of Europe

10. APAC MARKET ANALYSIS

10. 1. Introduction
    2. By Pet Type

10. 2. 1. Introduction

1. 1. 1. 1. Pet Type By Value

10. 2. 2. Dog

1. 1. 1. 1. By Value

10. 2. 3. Cat

1. 1. 1. 1. By Value

10. 3. By Product Form

10. 3. 1. Introduction

1. 1. 1. 1. Product Form By Value

10. 3. 2. Powder

1. 1. 1. 1. By Value

10. 3. 3. Liquid

1. 1. 1. 1. By Value

10. 4. By Distribution Channel

10. 4. 1. Introduction

1. 1. 1. 1. Distribution Channel By Value

10. 4. 2. Specialty Stores

1. 1. 1. 1. By Value

10. 4. 3. Mass Retail Stores

1. 1. 1. 1. By Value

10. 4. 4. Direct-To-Consumers

1. 1. 1. 1. By Value

10. 4. 5. E-Commerce

1. 1. 1. 1. By Value

10. 4. 6. Others

1. 1. 1. 1. By Value

10. 5. China

10. 5. 1. By Pet Type

1. 1. 1. 1. Introduction
            1. Pet Type By Value
         2. Dog
            1. By Value
         3. Cat
            1. By Value

10. 5. 2. By Product Form

1. 1. 1. 1. Introduction
            1. Product Form By Value
         2. Powder
            1. By Value
         3. Liquid
            1. By Value

10. 5. 3. By Distribution Channel

1. 1. 1. 1. Introduction
            1. Distribution Channel By Value
         2. Specialty Stores
            1. By Value
         3. Mass Retail Stores
            1. By Value
         4. Direct-To-Consumers
            1. By Value
         5. E-Commerce
            1. By Value
         6. Others
            1. By Value

10. 6. Korea
    7. Japan
    8. India
    9. Australia
    10. Taiwan
    11. South East Asia
    12. Rest Of Asia-Pacific

11. MIDDLE EAST AND AFRICA MARKET ANALYSIS

11. 1. Introduction
    2. By Pet Type

11. 2. 1. Introduction

1. 1. 1. 1. Pet Type By Value

11. 2. 2. Dog

1. 1. 1. 1. By Value

11. 2. 3. Cat

1. 1. 1. 1. By Value

11. 3. By Product Form

11. 3. 1. Introduction

1. 1. 1. 1. Product Form By Value

11. 3. 2. Powder

1. 1. 1. 1. By Value

11. 3. 3. Liquid

1. 1. 1. 1. By Value

11. 4. By Distribution Channel

11. 4. 1. Introduction

1. 1. 1. 1. Distribution Channel By Value

11. 4. 2. Specialty Stores

1. 1. 1. 1. By Value

11. 4. 3. Mass Retail Stores

1. 1. 1. 1. By Value

11. 4. 4. Direct-To-Consumers

1. 1. 1. 1. By Value

11. 4. 5. E-Commerce

1. 1. 1. 1. By Value

11. 4. 6. Others

1. 1. 1. 1. By Value

11. 5. UAE

11. 5. 1. By Pet Type

1. 1. 1. 1. Introduction
            1. Pet Type By Value
         2. Dog
            1. By Value
         3. Cat
            1. By Value

11. 5. 2. By Product Form

1. 1. 1. 1. Introduction
            1. Product Form By Value
         2. Powder
            1. By Value
         3. Liquid
            1. By Value

11. 5. 3. By Distribution Channel

1. 1. 1. 1. Introduction
            1. Distribution Channel By Value
         2. Specialty Stores
            1. By Value
         3. Mass Retail Stores
            1. By Value
         4. Direct-To-Consumers
            1. By Value
         5. E-Commerce
            1. By Value
         6. Others
            1. By Value

11. 6. Turkey
    7. Saudi Arabia
    8. South Africa
    9. Egypt
    10. Nigeria
    11. Rest Of MEA

12. LATAM MARKET ANALYSIS

12. 1. Introduction
    2. By Pet Type

12. 2. 1. Introduction

1. 1. 1. 1. Pet Type By Value

12. 2. 2. Dog

1. 1. 1. 1. By Value

12. 2. 3. Cat

1. 1. 1. 1. By Value

12. 3. By Product Form

12. 3. 1. Introduction

1. 1. 1. 1. Product Form By Value

12. 3. 2. Powder

1. 1. 1. 1. By Value

12. 3. 3. Liquid

1. 1. 1. 1. By Value

12. 4. By Distribution Channel

12. 4. 1. Introduction

1. 1. 1. 1. Distribution Channel By Value

12. 4. 2. Specialty Stores

1. 1. 1. 1. By Value

12. 4. 3. Mass Retail Stores

1. 1. 1. 1. By Value

12. 4. 4. Direct-To-Consumers

1. 1. 1. 1. By Value

12. 4. 5. E-Commerce

1. 1. 1. 1. By Value

12. 4. 6. Others

1. 1. 1. 1. By Value

12. 5. Brazil

12. 5. 1. By Pet Type

1. 1. 1. 1. Introduction
            1. Pet Type By Value
         2. Dog
            1. By Value
         3. Cat
            1. By Value

12. 5. 2. By Product Form

1. 1. 1. 1. Introduction
            1. Product Form By Value
         2. Powder
            1. By Value
         3. Liquid
            1. By Value

12. 5. 3. By Distribution Channel

1. 1. 1. 1. Introduction
            1. Distribution Channel By Value
         2. Specialty Stores
            1. By Value
         3. Mass Retail Stores
            1. By Value
         4. Direct-To-Consumers
            1. By Value
         5. E-Commerce
            1. By Value
         6. Others
            1. By Value

12. 6. Mexico
    7. Argentina
    8. Chile
    9. Colombia
    10. Rest Of LATAM

13. COMPETITIVE ASSESSMENT

13. 1. Adoption Matrix
    2. Pet Milk Market Share By Manufacturers
    3. Pet Milk Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis

14. MARKET PLAYERS ASSESSMENT

14. 1. Pet Ag Inc.

14. 1. 1. Overview
       2. Business Information
       3. Revenue
       4. ASP
       5. Gross Margin
       6. Swot Analysis
       7. Recent Developmments

14. 2. Beaphar
    3. B.V.
    4. Grober Nutrition Inc.
    5. Fetch For Pets
    6. L.L.C.
    7. Milk Products Inc.
    8. Manna Pro Products
    9. Petlife International Ltd.
    10. Royal Canin U.S.A. Inc.
    11. Toplife Formula Pvt. Ltd.
    12. Versele-Laga
    13. N.V.

15. RESEARCH METHODOLOGY

15. 1. Research Data

15. 1. 1. Secondary Data

1. 1. 1. 1. Major Secondary Sources
         2. Key Data From Secondary Sources

15. 1. 2. Primary Data

1. 1. 1. 1. Key Data From Primary Sources
         2. Breakdown Of Primaries

15. 1. 3. Secondary And Primary Research

1. 1. 1. 1. Key Industry Insights

15. 2. Market Size Estimation

15. 2. 1. Bottom-Up Approach
       2. Top-Down Approach
       3. Market Projection

15. 3. Research Assumptions

15. 3. 1. Assumptions

15. 4. Limitations
    5. Risk Assessment

16. APPENDIX

16. 1. Discussion Guide
    2. Customization Options
    3. Related Reports

17. DISCLAIMER

Table of Content and Figure @  https://straitsresearch.com/report/pet-milk-market/toc

Market News

• In May 2022, All Grober milk replacer products ordered in 20kg are now packaged in the new bags. They have discontinued our 'A+' purses to simplify the ordering and filling system to serve customers better. This updated look is a continuation of the process to manage bag stock better and ensure timely filling and delivery of all Grober milk replacer products.
• In November 2021, Collaboration with the B.C.-based distributor, Dairy Crop Solutions, will see 1,200 bags of Grober Excel premium milk replacer delivered to affected dairy farmers.

News Media

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Functional Pet Food Market: Information by Pet (Dog, Cat), Source (Organic and Conventional), Application (Bone Health, Brain Health), Distribution Channel, and Region — Forecast till 2030

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