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U.S. - Dog And Cat Food - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 16, 2023
Dog and Cat Food Export in America Falls 6% to 71K Tons in November 2022
U.S. Dog And Cat Food Exports
In November 2022, overseas shipments of dog and cat food decreased by -5.9% to 71K tons, falling for the third month in a row after two months of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 with an increase of 18% against the previous month. As a result, the exports reached the peak of 90K tons. From April 2022 to November 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, dog and cat food exports shrank to $198M (IndexBox estimates) in November 2022. The total export value increased at an average monthly rate of +1.5% over the period from January 2022 to November 2022; the trend pattern remained consistent, with only minor fluctuations in certain months. The pace of growth was the most pronounced in March 2022 with an increase of 17% month-to-month. The exports peaked at 239K tons in August 2022; however, from September 2022 to November 2022, the exports stood at a somewhat lower figure.
Exports by Country
Canada (35K tons) was the main destination for dog and cat food exports from the United States, with a 50% share of total exports. Moreover, dog and cat food exports to Canada exceeded the volume sent to the second major destination, Mexico (6.5K tons), fivefold. Japan (5K tons) ranked third in terms of total exports with a 7.1% share.
From January 2022 to November 2022, the average monthly growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+1.6% per month) and Japan (+3.0% per month).
In value terms, Canada ($97M) remains the key foreign market for dog and cat food exports from the United States, comprising 49% of total exports. The second position in the ranking was held by China ($19M), with a 9.5% share of total exports. It was followed by Mexico, with an 8.7% share.
From January 2022 to November 2022, the average monthly rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (+10.4% per month) and Mexico (+4.5% per month).
Export Prices by Country
In November 2022, the dog and cat food price amounted to $2,779 per ton (FOB, US), with an increase of 2.1% against the previous month. Over the period from January 2022 to November 2022, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in April 2022 an increase of 4.3% month-to-month. The export price peaked at $2,827 per ton in August 2022; afterwards, it flattened through to November 2022.
There were significant differences in the average prices for the major overseas markets. In November 2022, the country with the highest price was China ($5,005 per ton), while the average price for exports to the Philippines ($1,712 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Dog and Cat Food Market Overview
The pet food industry is a booming business. Various factors are driving the growth, including an increase in pet ownership, a trend toward premiumization, and health consciousness among pet owners.
One of the most important factors driving the pet food market growth is the increasing number of households owning pets. As pet ownership becomes more common, more people are buying pet food and related products.
Another major factor driving the growth of the pet food market is the trend toward premiumization. Consumers are increasingly willing to spend more on higher-quality foods for their pets. They view their pets as members of the family and are willing to give them the best possible diet. This has led to a boom in premium and super-premium pet foods, which now make up a significant portion of the market. However, the high cost of premium pet food and the availability of substitutes are some of the major challenges faced by the market.
Finally, another important factor driving growth in the pet food market is health consciousness among pet owners. Pets are living longer and healthier lives thanks to advances in veterinary medicine and nutrition. As a result, pet owners are increasingly interested in the consumption of quality pet food.
This report provides an in-depth analysis of the market for dog and cat food in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 10921030 - Dog or cat food, p.r.s.
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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