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They are raised as livestock.
The same can be said of every cow that has been turned into steak.

The emotional value which a pet gains comes from the love a human puts into them. Without that love an animal will remain feral.

On a cheeky note, anyone who actually thinks dogs and cats are innocent has never owned one and at the same time owned a couch.
Or stereo speakers.
Or toilet paper...

Back to serious though, when I was in the third world many the places I went had problems with meeting basic needs for food.

If you have built in your mind some farcical idea that all of this is wealthy people dining on delicacies in some restaurant, discard that fantasy and replace it with reality. Instead lets replace the scene with a farm in Vietnam:

Let us say that there is a drought and that the family hasn't eaten a full meal in days. The family struggles to pull enough water from a manual well to irrigate the garden and keep the livestock alive. Barely.

Lets now say that it is the birthday of a small boy; The farmer's nephew. At the close of the war Mrs. Farmer's brother managed to escape to America, but they had too many children to manage getting out in a “not executed” state with all of the children. The child misses his siblings and his parents, on top of hours of hard labor subsistence farming.

The farmer can't sacrifice one of the remaining cows and the chickens produce more food as laying hens. They eat one of the larger dogs, and the family has a full belly for the first time in days. a brief respite, one of many.

Some years later the boy's parents manage to get him smuggled out of Vietnam and he rejoins them in the United States. I played Warhammer 40K with him in the nineties.

I can't join the people here on their high horses looking down on people in the third world or countries just emerging from the third world for the food they eat. I spent too much time living in Asia and the Pacific Islands in the eighties.

Not even if the food is only kept as a pet here. I know people who keep chickens as pets rather than as livestock. They don't make bad pets, actually. Expect me to still eat chicken.