Why the Animal and Pet Food Industry Is Booming: Market Size, Growth & Regional Forecast The Animal And Pet Food Market is experiencing a powerful surge — and at its core, the pet food market is driving massive value growth. According to MRFR, the global pet food market was estimated at USD 107.6 billion in 2024 and is projected to climb to USD 150.06 billion by 2035, representing a compound annual growth rate (CAGR) of 3.07% during the forecast period.
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