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Global Pet Food Market Size, Share, Demand And Trends, Forecast Analysis Report By 2030
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The global pet food market reached a value of nearly $74,554.1 million in 2019, having increased at a compound annual growth rate (CAGR) of 2.7% since 2015. The market is expected to register a slow growth from $74,554.1 million in 2019 to $ 75,494.8 million in 2020 at a growth rate of 1.26%. The slow growth is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5.6% from 2021 ad reach $ 88,478.1 million in 2023.
The pet owners concern about their pets' health is driving the demand for premium and organic pet foods, thus spurring the market for pet foods manufacturing during the period. Pet owners often view pets as family members and are willing to spend on best pet products and services therefore they are buying organic and premium products to feed their "fur babies". Organic pet foods are free from artificial colors, flavors, antibiotics, synthetic hormones, toxic pesticides and preservatives whereas premium pet foods contain higher quality ingredients than economy or generic pet foods.
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The pet food market is segmented -
• By Type: Dog Food, Cat Food, Other Pet Food
Major competitors in the pet food market include Mars, Incorporated, Nestle S.A., The J.M. Smucker Company, Colgate-Palmolive Company, Diamond Pet Foods Inc.
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The pet food market consist sales of goods and services by entities (organizations, sole traders and partnerships) associated with manufacturing cat and dog food and other animal food from ingredients such as grains, oilseed mill products and meat products. The industry includes the establishments that produce dog food, cat food, and other animal food. Other animal includes birds, mammals and aquatic animals.
The Table Of Content For The Pet Food Market Include:
1. Pet Food Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
27. Global Pet Food Market Competitive Landscape
28. Key Mergers And Acquisitions In The Pet Food Market
29. Market Background: Animal And Pet Food Market
30. Global Pet Food Market Opportunities And Strategies
31. Pet Food Market, Conclusions And Recommendations
The Business Research Company's "Global Pet food Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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