The pet food bowl market caters to the feeding needs of cats and dogs. Pet food bowls come in different designs, sizes, and materials like stainless steel, ceramic, plastic, plastic composite, and silicone. Customization is possible in some bowls. Pet food bowls provide convenience for pet owners while feeding and help keep the food fresh for longer. They also prevent unnecessary food wastage. With increasing pet humanization and improved standards of living in emerging economies, pet care products have become necessity items.
The global pet food bowl market is estimated to be valued at US$ 5.22 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031.
Key Takeaways
The global Pet Food Bowl Market Size provides numerous opportunities for manufacturers to increase product lines, launch innovative designs, invest in customization and focus on specialized offerings. There is high scope for premium and customized products in developed markets. Meanwhile, growth in the Asia Pacific region can be tapped with affordable offerings and expansion of distribution networks.
The companies are focusing on new product development, customization, and expansion to cash in on opportunities arising from growth in pet ownership and humanization trends.
North America and Western Europe dominate the global pet food bowl market currently due to high pet ownership and expenditure per pet. However, the Asia Pacific region is anticipated to witness the fastest growth in the forecast period supported by strong economic development, western influences, urbanization and rising disposable incomes in the region.
Key players operating in the Pet Food Bowl Market Size are Petmate, IRIS USA, Outward Hound, Trixie, Goofy Tails Private Limited., Nobby Pet Shop GmbH, Prevue Hendryx, Pet Life LLC, JW Pet Company, Honeys Real Dog Food, Sudesh Art & Crafts Pvt. Ltd, PoochMate, KingStar Industries Co., Ltd, Kanary Inc, Kumar Industries, Basis Products., King International, Lord Krishna Co., Bestie Pet Products, and Kaushalam Creations.
Market drivers
Growing pet humanization trend: Pet owners today consider pets as part of their families and spare no effort when it comes to their well-being. This has propelled demand for specialized pet accessories and bowls.
Rising pet population: Factors like improved standard of living, nuclear family structure, increased social acceptance etc. have led to a boom in pet adoption across the world. As per some estimates, the global pet population could rise to over 650 million by 2030 from current levels.
Market restraints
Raw material price volatility: Prices of stainless steel, plastics and other raw materials used in pet bowls fluctuate frequently based on crude oil rates. This affects manufacturer margins.
Threat from local and inexpensive products: In emerging markets, there is a threat from numerous local and inexpensive products that chip away at market shares of organized players to some extent.
Segment Analysis
There are mainly three segments in the pet food bowl market - plastic bowls, stainless steel bowls and ceramic bowls. Plastic bowls hold the dominant share of around 50% in the global pet food bowl market. They are made from durable, lightweight and waterproof plastic materials like polypropylene and are very easy to clean. Also, plastic bowls are affordable which has resulted in their high demand.
The stainless steel pet food bowls segment holds the second largest share. Stainless steel bowls are non-porous, durable and can withstand chewing and scratching by pets. They do not rust or retain odors. Therefore, they are widely preferred by pet owners with dogs.
Ceramic bowls account for the smallest share. Though they look elegant, they are fragile and can break easily if dropped. Also, ceramic bowls may absorb odors over time. Hence, their demand is restricted to indoor cats.
Global Analysis
In terms of regions, North America holds the largest share in the global pet food bowl market currently. The high pet ownership in countries like the US and Canada along with greater spending on pet accessories have been driving the North America market. Asia Pacific is expected to be the fastest growing region during the forecast period. Factors such as increasing pet adoption, rising pet care expenditure and growing awareness about different pet products in countries like India and China will support the APAC pet food bowl market.
Europe holds the second largest market share owing to high pet ownerships, particularly in Western Europe nations. Latin America and Middle East & Africa regions are expected to grow at a steady rate during 2024-2031 period. In general, developed markets like North America and Western Europe will continue to dominate due to high disposable incomes and willing to spend on pets, while developing regions will witness faster growth rates.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
