Pet Food Market 2021 Competitive Insights and Global Demand - Mars Inc., Nestle Purina Pet Care, Hills Pet Nutrition Inc., Wellpet Llc

Pet Food Market - Growth, Trends And Forecasts (2020-2025)

The Pet Food Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Global Pet Food Market was estimated at a value of about USD 78.76 billion in 2017. The industry is forecasted to register a CAGR of over 5.03% over the forecast period.

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Top Leading Companies of Pet Food Market are Mars Inc., Nestle Purina Pet Care, Hills Pet Nutrition Inc., Wellpet Llc and others.

Key Market Trends:       

Increasing trend of nuclear family
Rapid urbanization and development of economic and professional constructs are the main reasons for the growing trend of nuclear families. The increasing urban nature of the society, which results in separation from farm animals and nature, is stimulating the desire to bring pets home. The market for pet food closely shadows the market for pets. The social comfort, company, security, and the aesthetic sense offered by pets are the main reasons cited for owning a pet.

Pet Allergies

Various pet food and related ingredients can be a major cause of skin diseases and allergies in pets. Humanizing pets and indiscriminate feeding of available food products is one of the major reasons that leads to improper animal health and diseases. For example _ cats are 100% carnivores and they lack the enzymes in their stomach to digest complex carbohydrates, like corn, wheat, soy, and other vegetable matter. Though dogs are a little tolerant to vegetation, excessive amounts of corn or wheat can cause allergies. Food allergies/intolerance among pets can be caused by a reaction to a particular ingredient, mostly by protein products, like beef, milk products, and fish.

Key Developments in the Market:

- February 2018: Pet Supplies Plus launched Redford Naturals Dry Cat Food Line

Regional Outlook of Pet Food Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Pet Food Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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