US Pet Food Market 2017 - Nestlé Purina PetCare, Mars Petcare Inc., Big Heart Pet Brands, Hill’s Pet Nutrition, Diamond Pet Foods, Blue Buffalo

The US pet food market has experienced a healthy growth in the past few years. Major factors contributing to the market growth are humanization of pets, introduction of innovative and premium products, health-conscious consumers and rising disposable incomes.

Request a free sample copy of the report: http://www.imarcgroup.com/request?type=report&id=705&flag=B

The latest report by IMARC Group, titled “US Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the US pet food market reached a value of US$ 24.8 Billion in 2016, exhibiting a CAGR of 5% during 2009-2016. Over the past few years, an increase in the number of pets has been witnessed in the United States. Pet owners, nowadays, treat their pets as human beings and are conscious about the health of the animals as they are for themselves. Owing to this, they have shifted towards using pet food which offers numerous advantages such as great taste, huge meat content, convenience and easy availability. Pet food also helps in keeping the animals satiated, along with supplying them with nutrients vital for their health.

Highlights of the US pet food market:

Humanization of pets by their owners has majorly contributed in the growth of the market.

On the basis of pet type, dog food holds the majority of the total sales.

Based on the product type, dry food accounts for the largest share.

Pet humanization by the owners has increased the expenditure on the pet food to provide the animals with better quality food. Keeping health benefits in mind, pet owners are preferring organic and natural food products for their pets, thereby contributing in the market growth. Additionally, pet food companies are introducing products based on the breed, lifestyle, age, digestion capacity and nutrition requirements of different pets. These companies also provide products with different taste and flavour so as to increase their consumer-base. According to the report, the market for pet food in the United States is further expected to exhibit a CAGR of 4.8% during 2017-2022, reaching a value of US$ 32.9 Billion by 2022.

Read full report with TOC @ http://www.imarcgroup.com/us-pet-food-market

The US pet food market has been segmented on the basis of pet type. Due to rising trend of dog-ownership, dog food represents the largest segment. It is followed by cat food and other pet food such as fish food, small mammal/reptile food and bird food. On the basis of product type, the market is further segregated into dry pet food, treats and mixers, and wet pet food. Among these, dry pet food holds the majority of the total share. On analysing the competitive landscape of the market, the key players found are Mars Petcare Inc., Diamond Pet Foods, Nestle Purina Petcare, Blue Buffalo, Big Heart Pet Brands and Hill’s Pet Nutrition.

Browse related reports:

Pet Food Market: http://www.imarcgroup.com/pet-food-market

Dog Food Market: http://www.imarcgroup.com/dog-food-manufacturing-plant

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.Global Cigarette Lighter Market.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145

This release was published on openPR.