New Study Reports ” Pet Food Market 2021, Global Key Players Analysis, Share, Trends, Business Updates, Future Opportunities Forecasts to 2030″ has been Added. Global pet food market was valued at US$ 78,126.4 million in 2020 and is estimated to reach US$ 114,500.0 million by 2030, growing at a CAGR of 4.3% over the forecast period. At present, the market is sharping its presence and some of the key players in the study are Mars Petcare, Nestle Purina, Hills Pet Nutrition (Colgate-Palmolive ), Procter & Gamble, Diamond pet foods, Affinity Petcare (Agrolimen), Buddys Kitchen, Blue Buffalo, Del Monte Foods, Nutriara Alimentos Ltda., Total Alimentos, Darwins, Unicharm, Flint River Ranch among others.The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
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The credible Pet Food Market research report comprises of details of all the parameters mentioned above hence it can be utilized well for the business. Moreover, this Pet Food market report explains company profiling of key players in the market, suspiciously analyzing their core competencies, & illustrating a competitive landscape for the industry. The Pet Food Market report also supports to measure & optimize each step in the lifecycle of industrial process that covers acquisition, engagement, retention & monetization. Businesses can employ Pet Food Market report to get valuable market insights in a money-spinning way.
An international document is always useful to organization or business in many subjects of trade for taking better decisions, solving the toughest business questions, & minimizing the risk of failure. The studies of this Pet Food market report carefully analyzes the market status, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, & distributors. The most advanced tools & techniques including SWOT analysis & Porter’s Five Forces Analysis have been applied to structure Pet Food Market business report. Moreover, diverse segments of the market are taken into consideration in this Pet Food market research report which gives better market insights & extend their reach to the success.
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Furthermore, the years considered for the study are as follows:
Historical year – 2015-2020
Base year – 2020
Forecast period** – 2021 to 2030 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
Globally, Increase in pet ownership and acceptance of pets across the world are major growth rendering factors for pet food market. Increase in awareness about pet food, pet humanization trend led to an increase in health consciousness are some of the reasons behind the increase in foods more specific to pets. A survey of pet owners conducted by the Michelson Found Animals Foundation found that 70% of those who follow a diet for themselves have also put their pet on a special diet. For instance, 45% of pet owners on a protein-rich diet feed their pets protein-rich foods, whereas only 17% of owners not on a protein-rich diet feed their dogs in this manner. Alltech reported 26.6 million metric tons of pet food were produced globally in 2018, of which 8.8 million metric tons was produced in North America. 55% – 60 % of the households in America own at least one companion animal and most of which are dogs and cats.
Rise in acceptance of pets due to rise in disposable income is encouraging more and more people to adopt pets and this is accelerating the pet food market. More pets are being treated as members of the family. With pet owners all over the world becoming conscious for their pets, they are making sure to give their companion a happy and healthy life. Manufacturers in South Africa produce their own branded animal food products and also manage their own distribution network alongside other outlets such as retailers/supermarkets, wholesalers and specialty pet food stores.
Pet food production grew a staggering 13% in the Asia Pacific region, led by growth in Indonesia, Taiwan, Thailand and Sri Lanka’s spending on pet food increased 2.9 percent to $29.07 billion in 2017. For pet supplies and over-the-counter medications, spending increased 2.7 percent to $15.11 billion. E-commerce is a major opportunity for the pet food manufacturers due to free delivery and good customer experience. Chewy and Amazon are the top e-commerce retailers for the pet food and their subscriptions programs provided by the two retailers are of great convenience.
North America pet food market dominated the industry in 2018 and is estimated to hold its ground over the forecast period. Asia Pacific pet food market is estimated to drive the growth in the region by expanding at a rapid CAGR over the forecast period. Escalated awareness and increase in consciousness by pet owners will fuel market growth in this region.
The report provides both, qualitative and quantitative research of global pet food market, it also provides penetrative insights into the rational scenario and favored development methods adopted by key contenders. The report also offers extensive research on the key players in the market and detailed insights into the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by major players are also recognized and analyzed in the report. For each company, the report recognizes its headquarters, competitors, product/service type, application and specification, pricing, and gross margin.
Pet Food Market Segments:
Pet Food Market: By Pet Type
- Adult (1+ years)
- Mature (7+ years)
- Senior (11+ years)
- Adult (1+ years)
- Mature (7+ years)
- Senior (11+ years)
- Others (Bird, Fish etc.)
Pet Food Market: By Food Type
Pet Food Market: By Geography
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of the Pet Food Market Report :
- Pet Food Market Study Coverage: It includes key market sections, key makers secured, the number of items supplied with inside the years considered, worldwide Pet Food market and examine aim. Moreover, it contacts the department study gave inside the report primarily based totally on the form of items and applications.
- Pet Food Market Executive outline: This location stresses the important thing investigations, market development rate, severe scene, market drivers, patterns, and problems but the obviously visible pointers.
- Pet Food Market Production through Region: The report conveys statistics identified with import and fare, earnings, creation, and key players of each unmarried community market contemplated are canvassed proper now.
- Pet Food Market Pro reports of Manufacturers: Analysis of each market participant organization pro report is precise on this section. This element likewise gives SWOT investigation, worth, limit, and different essential elements of the person participant.
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