Leading pet food companies worldwide 2023, based on revenue

Nestlé Purina PetCare, headquartered in the U.S., was the second leading pet food company worldwide in 2023 based on revenue. The company generated over 21.5 billion U.S. dollars in revenue, followed by Mars Petcare Inc. with around 20 billion U.S. dollars in revenue. The top five pet food companies were all headquartered in the U.S., clearly showcasing the nation’s dominance in this industry.

Regional pet food markets

Since most of the leading pet food companies are located in the United States, it is not surprising that the majority of revenue generated from the pet food market originated there in 2021. Although the United Kingdom came second in terms of pet food market revenue, they generated just over a sixth of the revenue that the U.S. made. When it comes to future growth within the pet care market, however, Asia Pacific is the region with the highest projected growth rate. Between 2017 and 2022, their pet care market, which includes pet food and other pet products, is expected to grow by 9.3 percent. Based on revenue, Japan based Unicharm Corp. was the leading pet food company in the Asia-Pacific region in 2021.