Source: Petfood Industry
The U.S. pet food industry rebounded in 2024, with exports growing by 3.7% to $2.49 billion, largely driven by renewed demand in China and Southeast Asia. China, a key market, reversed a 2023 decline with a 15% increase in imports, while Southeast Asia posted 7.5% growth. Canada remained the top market at $1.2 billion, followed by Mexico at $234 million. Despite these gains, challenges persist, including trade disputes and potential retaliatory tariffs that could impact exports.
The Pet Food Institute (PFI) is actively working with government partners to address regulatory barriers and expand market access through programs like the Market Access Program (MAP) and USDA’s Regional Agricultural Promotion Program (RAPP). The newly introduced Agricultural Export Promotion Act aims to strengthen U.S. agricultural exports. While the industry faces uncertainties in 2025, strong partnerships and proactive engagement provide a foundation for continued growth in global markets.