Pet Food Market - Middle East And Latin America Industry Analysis 2020

The pet food market of Middle East and Latin America is expected to experience a stable growth during the forecast period from 2014 to 2020. In order to provide detailed analysis in the report, themarket has been segmented on the basis of pet type, food type and by geography. By pet type, the market can be segmented into dog food, cat food and others. The others segment includes fish food and bird food. Based on food type, the market can be further classified into dry food, nutritious food, snacks and treats, wet/canned food and others. The semi frozen food and semi dry food is included with in the others segment. The report also provides cross sectional analysis of all the mentioned segments across various regions of Middle East and Latin America. Country wise, Middle East has been further bifurcated into Israel, UAE and Others. Whereas Latin America has been segmented into Brazil, Chile, Venezuela, Argentina and others.

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The study also highlights the current market position of the pet food market in Middle East and Latin America and provides forecasted market condition during the period from 2014 to 2020.The future driving factors that are predicted to affect the demand and market condition of pet food is also provided in this report.Moreover, different macroeconomic and micro economic factors that are predicted to affect the growth of pet food market across Middle East and Latin America has also been listed in this report.

Among the different food type, the Middle East and Latin American pet food market is majorly driven by the dry food segment in 2013. The primary factor responsible for this segment’s dominance is attributable to the factors such as low cost and ease of handling. Moreover, dry pet food has a longer shelf life as compared to wet pet food. However, as an important source of hydration and nutrition in pets that are reluctant to drink water or pets with missing teeth, smaller mouth and poorly aligned jaws, the wet pet food market is also predicted to show a stable growth rate during the forecast period.

On the other hand, the nutritious food segment is forecasted to witness the fastest growth during the forecast period among the different food type. Increasing number of diseases in pets such as Lyme disease and canine parvovirus infection among others is predicted to trigger to the demand of prescribed food. This in turn is anticipated to accelerate the growth of nutritious pet food market during the forecast period 2014 to 2020. In addition, increasing consciousness of the pet owners regarding pet’s health is also anticipated to increases the demand for nutritious food in Middle East and Latin America.

In 2013, the dog food segment held the largest market share among the different pet type. Owing to the increasing trend of nuclear family, the demand for dog is increasing rapidly for security reason and for companionship purpose. This in turn is anticipated to trigger the demand of dog food during the forecast period 2014 to 2020. Among the other segment, the fish food market is also expected to experience a stable growth rate owing to the increasing demand of fish as a pet across different countries of Middle East and Latin America.

Geographically, the pet food market in Latin America is predicted to show a sluggish growth rate during the forecast period owing mature market due to high market penetration.However, the pet food market in Middle East is predicted to witness a robust growth rate owing to increasing adoption of pets coupled with increasing pet owner’s effort to provide quality food to their pets.

Some of the major player operating in the pet food market of Middle East and Latin America are Mars Petcare Inc., Pedigree, Royal Canin, Nestle Purina PetCare, Proctor and Gambleand Whiskas among others.

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