Canned Pet Food Market to Witness Steady Growth During the Forecast Period 2016-2024

The global market for canned pet food is predicted to exhibit a healthy growth curve in the years to come. According to a recent report by Transparency Market Research (TMR), the rising preference for non-genetically modified food is expected to boost the fruit pulp market in the forthcoming years. The report, titled, “Canned Pet Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” discusses the structure of the market and discusses the factors influencing the global canned pet food market over the forecast period of 2016 to 2024. The report analyzes factors shaping the size and valuation of the market in the years to come, along with the significant industry trends that could impact the market.

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Canned food is commercially sterile (cooked during canning); other canned foods may not be sterile. A given canned food will often be higher in protein or fat compared to a similar kibble on a dry matter basis (a measure which ignores moisture); given the canned food’s high moisture content, however, a larger amount of canned food must be fed. Grain gluten and other protein gels may be used in canned pet food to create artificial meaty chunks, which look like real meat.

Pet owners have been overly concerned about animal health over the past few years on account of various problems, including obesity. Diseases such as arthritis have been significantly increasing among cats and dogs, causing immense discomfort and pain. Around 38.0% dogs and 68.0% cats globally have been suffering from this condition. Almost half the dogs and 40.0% cats with joint ailments are also overweight. In addition, they suffer from diabetes and high blood pressure. Hence, owners have been strictly shifting to low-calorie and high-nutrition products to maintain pet heath.

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With changing lifestyle and growing concerns over animal health, consumers have been spending more on high-quality food. Pet owners are making sure that the products they buy are best suited for their requirements and contain all the necessary nutrition. In addition, the demand for canned pet food is increasing due to the growing trend of nuclear families where the pet are treated as family members and the people are more concerned with the eating habits and health of their pets.

Globally, among all regions, North America has developed as the dominant region in global canned pet food market followed by Europe and Asia Pacific. Increasing demand for canned pet food due to the growing perception of consumers towards pet health, has strengthened the growth of global canned pet food market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.

Key vendors operating in the global canned pet food market are Cambrian Petfood, WellPet LLC, PROMEAL (Pty) Ltd., Mars Incorporated, and Nestle (Purina).

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This release was published on openPR.