Canada Pet Food Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
新型冠状病毒感染疾病 (COVID-19) 的全球性流行带给制造及供应链影响。同时，封锁中养宠物的人增加，限制缓和后宠物食品的需求增加。还有消费者关心宠物的饮食，花钱购买蛋白质丰富营养价值高的定做宠物食品。天然材料和有机产品也受到喜好。
The Canadian pet food market is projected to register a CAGR of 6.8% during the forecast period ( 2022-2027). The COVID -19 pandemic affected the manufacturing and supply chain of the market owing to the lockdown and restrictions imposed. The worldwide restrictions on the movement of goods across countries and locally resulted in the manufacturers putting halt to their production due to lack of raw materials. On the other side, the demand for pet foods has increased after the relaxation in restrictions as more people rely on pets during the lockdown period.
The pet food market in Canada is a booming industry, with hundreds of pet stores across the country serving pet cats and dogs living in Canadian households. Canada has more than 2000 pet stores, with a major number in Ontario. Consumers have become progressively more concerned about the diets of their pets and to spend on buying protein-rich, nutritious customized pet foods for their pets. Furthermore, they highly prefer natural and organic products. The factors which drive the market are pet refinement/humanization is influencing the purchase decisions, increasing adoption of pets by elderly people, and increasing trend of nuclear family. The restraints identified in this market are regulations imposed on pets and pet food.
According to Agriculture and Agri-Food Canada, the pet population has increased to 27.9 million in 2020. Dogs and cats remain the primary constituents of the pet industry as indoor birds, tropical and other fish, small mammals, including guinea pigs, rabbits ferrets, and rodents, are not as popular amongst Canadian pet owners as having a dog or cat as a pet. According to the Canada Veterinary Medical Association, Canadian households had 8.1 million cats and 7.9 million dogs in 2020. The adoption rate of pets is anticipated to increase in the forecast period owing to the behavioral change that occurred during the lockdown period. Longevity and solitary lifestyle in big cities make pets important in people's lives. Pet humanization is also influenced by rising income, changing demographic patterns, and consumer preferences. The annual per capita income in Canada has increased by 0.9% in 2018-2019. With increasing buying capacity among the population, the number of households with at least one pet will increase steadily in the forecast period.
The pet food trade has grown significantly in the past few years in Canada. The Canadian Food Inspection Agency (CFIA) oversees both the import and export of pet food. For imports, the CFIA ensures that ingredients and finished products are originating from countries and facilities that have been assessed and meet their local and Canadian requirements. According to ITC, the import of pet food has increased by 59% during 2017-2021. In 2021, 0.4 million metric tons of pet food were imported in Canada, an increase of 8.9% from 2020. The U.S. is the major exporter of pet foods to the country. In 2021, the pet food import from the U.S. accounted for 90% of the total import, valued at USD 95.8 thousand. The import from the U.S has increased by 53.2% during 2017-2021. Apart from the U.S, Thailand, China and New Zealand are the other major exporters of pet food to the country. With the increasing demand for pet food owing to the increased population of pets in the country, the import of pet food is anticipated to increase to meet the demand along with the national production.
The Canada Pet food market is moderately consolidated with a few major players dominating the market. Nestle SA and Mars Inc are the major international players dominating the market. Apart from the international players, local players such as Petcurean Pet Foods also have a significant share in the market. The major players include Nestle SA, Mars Inc, Champion Petfoods LP, The JM Smucker Co, and Petcurean Pet Foods. The key strategies adopted by the market leaders include product innovation, acquisitions, and expansions.