Pet Food Market by Ingredient, Animal Type and by Region

According to the report “Global Pet Food Market,” published by Market Data Forecast, the global market is projected to reach USD 95.45 billion by 2021 from USD 75.5 billion in 2016, at a CAGR of 4.8%.The pet food industry is big business. There are hundreds of players in the market, ranging from local manufacturers to huge multinational conglomerates. As a result, it is no surprise that accurate and unbiased information can be overshadowed or drowned out by the volume of marketing hype. It wasn’t until the early 1900s that pet food began to become a large industry. KenLRation introduced canned horse meat to the US after World War I and in the 1930s pets began eating dry kibble made with meat meal. During WWII most of the metal used for canned pet food was diverted to the war effort.

The larger companies producing pet food were also manufacturing human products, and now had an ideal market for their by-products. The emphasis in the industry continues to be skewed towards profit over health. Many of the healthiest foods come from the smaller manufacturers, who choose ingredients based on quality before price. Very few companies now manufacture their own lines of food. It is typically contracted to a manufacturing facility with its own quality control procedures. This has at times been a contributing factor to some of the problems related to the recent recalls.

Get free Sample Report at http://www.marketdataforecast.com/market-reports/global-pet-food-market-423/request-sample

The factors influencing the Global Market for Pet Food Market, either positively or negatively are presented in the DROC analysis. This market is mainly driven by the factors such as growth of product availability and awareness among consumers Rise in pet ownership in many Asian countries has led to increased consumption of pet food. The private label sales in U.S. are also expected to increase in the near future as consumers have started looking for cheaper and equally effective products. Major restraint of the market is increase in essential raw materials such as corn, soybeans, and wheat, which in turn led to an increase in the price of most protein sources. Issue of rendered meat is also hindering the market. Concerns over the use of pesticides, genetically-modified organisms or artificial flavors in the pet food led to increase in demand for pet food containing balanced diet with organic proteins, vegetables, rice and less fillers are continuing to grow, creating an opportunity for organic pet food.

Inquire Before Buying: http://www.marketdataforecast.com/market-reports/global-pet-food-market-423/inquire

For granular level understanding, the Pet Food Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segments.

• By ingredient type
o Animal Derivatives
o Fish derivatives
o Fruits & Vegetables
o Cereals & Cereal by-products
o Fats & Oils
o Vitamins & Minerals
o Additives

• By animal type
o Dog
o Cat
o Bird
o Other animals

Customize Report: http://www.marketdataforecast.com/market-reports/global-pet-food-market-423/customize-report

Geographically, Global market for is Pet Food is segmented into North America, Asia-Pacific, Europe, Latin America and Middle-East and Africa. Global market is being driven mostly by the North American Region which has the largest market share. Asia-Pacific and South America is the high growth and potential market in the industry. North American market is being mainly driven by the U.S. primarily due to sluggish economic growth.

• North America Pet Food Market
• Europe Pet Food Market
• Asia-Pacific Pet Food Market
• Latin America Pet Food Market
• Middle East and Africa Pet Food Market

Request Discount: http://www.marketdataforecast.com/market-reports/global-pet-food-market-423/request-discount

The global pet food industry is highly concentrated with ten major players together accounting for more than 50% of the market share and remaining market share distributed among the large number of small manufactures. Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina Pet Care, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC. are the major companies in the market.

Buy now: http://www.marketdataforecast.com/cart/buy-now/global-pet-food-market-423

The Pet Food Market study offers the following deliverables:

• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming

• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail

• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

• Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses

• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment

• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com

Contact:
AbhishekShukla
Sales Manager
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Jubilee Gardens,
Hyderabad, India.

This release was published on openPR.