Press release
Pet Food Market Promising Growth Opportunities and Forecast 2019-2029
The new trends are attracting consumers in the pet food market. These trends are about the increasing demand for informative and protective packaging of pet food. The manufacturers are concentrating on the use of touch-based packaging solutions to improve the offerings of their products. Several market players are focusing on different environmental concerns. So, the manufacturers from the pet food market are taking their efforts to develop sustainable food packaging for pets. With growing awareness about adverse environmental impact of different packaging solutions, the manufacturers from the market have started using sustainable packaging solutions.
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Many companies from the pet food market are using hybrid packaging solutions such as poly or paper material. They are also looking for opportunities to use woven polypropylene bags, as these bags provide durability and flexibility to consumers. Several dog food product manufacturers are using paper-based packaging instead of plastic bags. So, with this environmental-friendly approach along with innovative packaging solutions, the pet food market is anticipated to witness rapid growth in the upcoming years.
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The research report on the pet food market gives a detailed analysis of key R &D activities of prominent players. Some of the key players engaged in the market include Mars and Incorporated, Hill's Pet Nutrition, Nutro Products Inc., Lafeber Co., Dave's Pet Food, 4Legs Pet Food Company, Fromm Family Foods LLC., and Champion Petfoods.
Emergence of Clean Label Increases Competition to Improve Pet Food Formulations
There is an increased awareness about clean label among consumers in the pet food market. This clean label trend in pet food has led to various innovations in order to meet consumer requirements. The key market players are taking different initiatives through R & D activities for the production of safe and shelf-stable pet food products. There is a growing demand for production of pet food with limited ingredients. This may help the manufacturers from pet food market to achieve the target of clean label.
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There is an increasing demand for organic food for pets with the introduction of a clean label. In terms of volume and value, conventional pet food segment holds a prominent position in the market. But there are increasing number of opportunities for organic pet food in the market. Therefore, the manufacturers from the pet food market are working to streamline the process of food production to meet safety standards. All these initiatives from key players and manufacturers may bring lucrative sales opportunities in the pet food market.
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The global pet food market is segmented as follows:
Global Pet Food Market, by Animal Type
Cats
Dogs
Birds
Others (Hamsters, Rabbit, etc.)
Global Pet Food Market, by Nature
Organic
Conventional
Global Pet Food Market, by Product
Wet Food
Dry Food
Treats & Chews
Others (Frozen, Raw Food, etc.)
Global Pet Food Market, by Sales Channel
Modern Trade
Pet Food Stores
Veterinary Clinics
Online Retailing
Other Retailing Formats
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