Pet Food Market Share 2018, Size, Trend, Gross Margin, Leading Key Players and Forecast to 2027

Latest Industry News:

Jan 2018 Cargill has reached an agreement to acquire Pro-Pet, an Ohio-based manufacturer of private label and co-manufactured pet foods, including premium dog food brand Black Gold. The acquisition makes Cargill a supplier of both animal feed and pet food offerings in the agricultural retail space. Pro-Pet provides Cargill with increased production capacity and proximity to existing agricultural retail customers to better meet their growth needs within pet food.

Jan 2018 A £6 million development in Bodelwyddan is about to enter its second phase of development, bringing a further jobs boost to the area. The Real Petfood Company - which last year moved its production base from Flint to the old Hotpoint site at Kinmel Park – is looking to add a new wet food plant to its existing dry food bakery, creating even more job opportunities in Bodelwyddan.

Jan 2018 A Chinese-led consortium has struck a billion-dollar deal to buy a Queensland-based pet food giant to exploit the growth of "pet humanisation" in the United States and ultimately China. The majority owner of The Real Pet Food Company (TRPC), Quadrant Private Equity, has sold its interests to the Beijing-based Hosen Capital, China's largest agribusiness company New Hope Group and the Singapore Government's investment vehicle, Temasek. The deal which needs approval from Australia's Foreign Investment Review Board (FIRB) is targeting the growth of "pet humanisation" in the United States, Europe and eventually China's modernizing economy where pets are becoming part of the family.

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Jan 2018 Kemin Industries has announced the creation of a Canadian division and will hold a grand opening and ribbon cutting ceremony. Kemin has acquired the assets of its long-time distributor Agri-Marketing Corp. Agri-Marketing has provided exclusive distribution and manufacturing services for Kemin products in Canada. The new Kemin location will focus on serving the animal nutrition and health market, as well as the pet food and rendering industries. Kemin will look to grow its business by offering an expanded portfolio.

Market Overview:

Rise in the number of pets that are being adopted have increased significantly in the recent years. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently published a report on this market. The global pet food market is estimated to achieve significant returns in terms of revenue while garnering a positive CAGR per cent.

Increasing levels of focus on improving the health and overall of pets, have led to increase in the variety of pet food available. The increased demand has led pet food manufacturers to take special care so as to ensure optimum level of product quality. The pet food market is increasingly developing in urban areas more than in rural segments. Health trends in the pet food domain have further fortified the market growth pace of the market.

Competitive Analysis:

With the entry of new industry players in the segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. The key players profiled in global pet food market report include- Mars Petcare Inc., Nestlé Purina PetCare, Big Heart Pet Brands, Hill's Pet Nutrition, Diamond Pet Foods, Blue Buffalo to name a few of the competitors.

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Reasons to Buy:

This report provides detailed analysis, market size estimates and forecasts on global pet food market. It includes in-depth market assessment for individual micro and macro markets for pet food. The report focuses on market concentration of pet food and will be helpful in taking strategic decisions including mergers & acquisitions, collaborations and investments for the pet food and allied companies providing details on the fast growing segments and regions. In addition, it will provide the pet food companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.

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