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The global market for dog and cat food is expected to see continued growth over the next seven years, with an anticipated increase in both volume and value. By 2030, the market volume is projected to reach 104 million tons, while the market value is forecasted to reach $360.6 billion in nominal prices.
Dog And Cat Food exports reached a peak of 1.1M tons and then flattened out through 2023. In terms of value, exports of dog and cat food surged to $3.4B in 2023.
Dog And Cat Food exports reached their peak at 818K tons in 2022, but saw a decline in the following year. In terms of value, exports decreased to $2.1B in 2023.
In May 2023, the growth rate was at its peak with a 22% month-to-month increase in exports. However, by January 2024, the value of Dog And Cat Food exports had decreased to $188M.
Explore the top import markets for preparations for animal feeding including Germany, the United States, the United Kingdom, and more. Learn about the key players driving the global market for animal feed.
During the period from August 2023 to November 2023, there was a noticeable decrease in the export growth rate. Specifically, the value of Animal Food exports plummeted to $150M in November 2023.
In October 2023, imports of Dog And Cat Food reached unprecedented levels, with a surge in value to $2.4M.
Explore the top import markets for dog and cat food worldwide and discover key statistics and data from the IndexBox market intelligence platform.
The price of Dog And Cat Food in June 2023 was $2,425 per ton (CIF, Spain), showing no significant change compared to the previous month.
In May 2023, the price of Dog And Cat Food was $2,866 per ton (FOB, Poland), reflecting a decrease of -1.8% compared to the previous month.
Animal Food exports reached a staggering $282 million in June 2023 in terms of value.
The price of Dog And Cat Food in June 2023 reached $5,090 per ton (FOB, China), showing a 13% increase compared to the previous month.