Pet food

Food for pets is a kind of animal feed that is designed to be consumed by domesticated animals. It is often specialised for the kind of animal being fed, such as dog food or cat food, and is typically offered at pet shops as well as grocery stores. The majority of the meat that is fed to animals is a byproduct of the business that produces food for humans and is not considered to be of "human quality."

The global market for pet food was estimated to be worth $87.08 billion in 2019, and it is anticipated that this value would increase to $113.20 billion by the year 2024. As of the year 2020, the market for pet food is controlled mostly by five big corporations: Mars, Inc., Nestle Purina Petcare, J. M. Smucker, Hill's Pet Nutrition, Inc. (which is owned by Colgate-Palmolive), and Blue Buffalo Co. Ltd. (owned by General Mills).

2016 was the year when sales of pet food in the United States set a new all-time high of $28.23 billion. Mars dominates the market for food for pets and generates yearly revenue of over $17 billion from the sale of pet care items. The number of people buying pet food online is growing, which is helping to contribute to this expansion. 2015 saw a 15% growth in the number of sales made through the internet in the United States. The compound annual growth rate of pet food that was bought online increased by more than 25% around the globe between the years of 2013 and 2018. The United States spent more money on pet food than any other country in the world in 2015.