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Pet Snacks And Treats Market Overview 2023: Market Size, Outlook, Share, Trends And Forecast To 2032 | Cargill Incorporated, Nestle S.A., Mars Incorporated, General Mills Inc., The J.M. Smucker Company
Pet Snacks And Treats Market
The Business Research Company's Pet Snacks And Treats Global Market Report 2023 identifies increasing spending on pet health as the major driver for the Pet Snacks And Treats market's growth in the forecast period. Pet health refers to an animal's overall well-being and condition, whether it is a dog, cat, bird, small mammal, or any other domesticated pet.
The global pet snacks and treats market is expected to grow from $37.79 billion in 2022 to $42.41 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pet snacks and treats market is expected to reach $66.62 billion in 2027 at a CAGR of 12%.
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Major competitors in the Pet Snacks And Treats market are Cargill Incorporated, Nestle S.A., Mars Incorporated, General Mills Inc., The J.M. Smucker Company.
A key trend in the Pet Snacks And Treats market includes Product innovations. Major companies operating in the pet snacks and treats market are focusing on developing innovative products to sustain their position in the market. For instance, in May 2022, Wellness Pet Company, a US-based pet food company, launched Good Dog by Wellness, a brand of all-natural dog treats. Good dog-happy puppy treats are specially designed, grain-free snacks for growing puppies. With triple puppy care and purposeful ingredients such as veggies and omega-rich flaxseed, these bite-sized treats support brain development, immune health, and overall well-being and allow pet parents to choose from a variety of alternatives to address specific health and training needs, such as inspiring good behavior in a young puppy or maintaining the overall health of dogs of all ages.
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The Pet Snacks And Treats market is segmented -
1. By Product: Eatables, Chewable
2. By Category: Conventional, Organic
3. By Pet Type: Dogs, Cats, Birds, Fish, Other Pets
4. By Distribution Channel: Supermarkets And Hypermarkets, Specialty Pet Stores, Online, Other Distribution Channels
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Pet Snacks And Treats market.
The Business Research Company's "Global Pet Snacks And Treats Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pet Snacks And Treats Market Include:
1. Executive Summary
2. Pet Snacks And Treats Market Characteristics
3. Pet Snacks And Treats Market Trends And Strategies
4. Pet Snacks And Treats Market - Macro Economic Scenario
5. Global Pet Snacks And Treats Market Size and Growth
……
32. Global Pet Snacks And Treats Market Competitive Benchmarking
33. Global Pet Snacks And Treats Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pet Snacks And Treats Market
35. Pet Snacks And Treats Market Future Outlook and Potential Analysis
36. Appendix
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