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| Pet Food Bowl Market |
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.
Get More Insights On Pet
Food Bowl Market
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)
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