Pet Food Market Size to Hit US$ 163.7 Billion by 2030 |

According to latest Extrapolate report, titled "Pet Food Market", the Pet Food Market is projected to grow from USD 115.5 Billion in 2022 to USD 163.7 Billion by 2030, exhibiting a CAGR of 5.11%.Pet Food represents packaging materials that are specifically designed to protect, store, and deliver food items manufactured for pets. Some of the common types include folding cartons, metal cans, pouches, bags, etc., that are mostly made of plastic, metal, paperboard, etc. These Pet Food products are used for wrapping or enclosing food items adequately to keep them fresh, clean, long-lasting, and free from contamination. They aid in preventing tampering, spillage, loss of vital nutrients, etc. Pet Food solutions even ensure improved durability, cost-effectiveness, insulation, etc. Consequently, they are extensively utilized across the globe.

Get the sample copy of report here:- https://www.extrapolate.com/sample/Food-Beverage/pet-food-market/25805

Key players:-
• Mars Incorporated
• Nestle S.A.
• The J.M. Smucker Company
• Colgate-Palmolive Company
• General Mills, Inc.
• Diamond Pet Foods
• Heristo AG
• Tiernahrung Deuerer GmbH
• Merrick Pet Care, Inc.
• WellPet LLC
• The Hartz Mountain Corporation
• Hill's Pet Nutrition, Inc
• Lupus Alimentos
• Total Alimentos SA
• Blue Buffalo Pet Products, Inc.]

𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐞𝐭 𝐅𝐨𝐨𝐝 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

The widespread adoption of domesticated animals and the emerging trend of pet humanization are primarily driving the Pet Food market. Additionally, the introduction of several protein-based, multigrain, and allergen- and gluten-free product variants by leading manufacturers, on account of the growing consumer concerns towards pet health, is acting as another significant growth-inducing factor.

Apart from this, the rising utilization of smart Pet Food systems that aid in monitoring the condition and quality of packaged food during storage and transportation is also positively influencing the global market. Moreover, the increasing demand for organic and natural pet food products that are manufactured without pesticides and preservatives and the inflating need for sustainable and environmental packaging products to prevent the harmful impacts of plastic bags are further propelling the market growth.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐞𝐭 𝐅𝐨𝐨𝐝 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 2023-2030 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

By Animal Type
• Dog
• Cat
• Others
By Form
• Dry
• Wet
• Semi-moist
By Source
• Animal-based
• Plant-based
By Distribution Channel
• Supermarkets/Hypermarkets
• Specialty Pet Food Stores
• Online
• Others

Browse more Information:- https://www.extrapolate.com/Food-Beverage/pet-food-market/25805

Objectives of the Report
• To offer precise and useful details about factors affecting the growth of the Pet Food
• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Pet Food, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
• To demonstrate how Pet Food have evolved in many places of the world.
• To examine and research specific micro markets with regard to their potential, growth trends and contributions to the market for Pet Food.
• To provide accurate information regarding factors influencing the growth of Pet Food.
• To provide a thorough analysis of key business tactics employed by top companies in the energy sector.

KEY INDUSTRY DEVELOPMENTS:
March 2021- Mars Incorporated invested USD 200 million to expand its Royal Canin plant in Lebanon. The company will add five new corporation lines to double the production capacity.
December 2020- Nestle S.A. has announced to invest USD 550 million to expand its pet food manufacturing facility in Georgia.

REGIONAL INSIGHTS
North America region is expected to dominate the pet food market owing to the presence of key players and increased adoption of pets in American households. According to a survey performed by the American Pet Products Association (APPA), around 85 million U.S. homes own a pet, accounting for roughly 67 percent of all households in the country. The positive attitude of North American customers toward pet humanization and its widespread acceptance is fueling the expansion of the market for nutritious pet food. North American governments have enacted favourable trade policies and implemented a price support mechanism, all of which contribute to the market's expansion.

Buy Now:- https://www.extrapolate.com/complete-checkout-buy/25805

Table of Content:
1. Research Methodology and Statistical Scope
2. Pet Food Market Overview
3. Pet Food Market Competitive Landscape
4. Pet Food Industry Chain Analysis
5. The Development and Dynamics of Pet Food Market
6. Pet Food Market Segmentation By Animal Type
7. Pet Food Market Segmentation By Form
8. Pet Food Market Segmentation By Source
9. Pet Food Market Segmentation By Distribution Channel
10. Key Companies Profiled
11. Pet Food Market Forecast by Region

...Continued
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Extrapolate
Phone: (+1) 888 328 2189
E-mail: talk@extrapolate.com
Website: https://www.extrapolate.com
Blog: https://www.extrapolate.com/blog

Extrapolate bridges the gaps in information with the latest reports published across industries and geographies, covering minute details to put the power of decision-making in your hands. Our focus is to help our partners grow with the power of Insight.
In a connected world, merely being informed is not enough, the speed of information dissemination is a crucial determinant of success. Our team of dedicated subject matter experts and research specialist's deep dive into the most complex markets and produce insights that will help shape the way your business moves forward. Our research process harnesses the latest in technology and the best SMEs to build relevant reports that can future-proof your business.

This release was published on openPR.