Market movement
In 2024, dog or cat food: (not put up for retail sale), used in animal feeding trade exhibited modest growth, with global flows reaching $20,995,889,883 and a three-year compound annual growth rate of +1.8% (five-year: +5.8%). The all-time peak of $21,841,753,830 was recorded in 2022; the current level is 4% below that high-water mark.
Over the 30-year observation window (1995–2024), 79% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (-1.8% acceleration).
The World Trade Flows Characterization classifies dog or cat food: (not put up for retail sale), used in animal feeding as "Two-way vertical trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.
