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Middle East and Latin America Pet Food Market Driven by Increased Preference for Nutritious Food Products

Middle East Latin America Pet Food Market

Middle East Latin America Pet Food Market

Transparency Market Research announces the publication of a new market research report, titled “Pet Food Market - Middle East and Latin America Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020.” The research study offers a detailed analysis of the regional markets, including the major drivers, restraints, product segmentation, and competitive landscape the overall market.In 2013, the Middle East and Latin America pet food market for was worth US$239.6 mn and is anticipated to reach a valuation of US$350.5 mn by the end of 2020. The Middle East market for pet food is estimated to exhibit a 5.60% CAGR between 2014 and 2020.

Browse Research Report With Complete TOC @ https://www.transparencymarketresearch.com/middle-east-latin-america-pet-food-market.html

On the other hand, in 2013, the Latin America market for pet food was worth US$8.20 bn and is anticipated to reach a valuation of US$10.36 bn by the end of 2020. The Latin America market is projected to register a 3.40% CAGR between 2014 and 2020.By pet type, the pet food market in the Middle East and Latin America has been categorized into dog food, cat food, and others. In 2013, the dog food segment led the market. Furthermore, by food type, the Middle East and Latin America pet food market has been classified into nutritious, snacks/treats, wet/canned food, dry food, and others. In 2013, the dry pet food segment led the Middle East and Latin America pet food market, owing to the low pricing and ease of handling. In addition, dry pet food can be stored for a longer period in comparison with the other types, resulting in an increased demand for dry pet food throughout the forecast period.

On the other hand, the nutritious pet food segment is anticipated to grow at a fast pace in the next few years. In the Middle East pet food market, the nutritious segment is projected to register a 16.80% CAGR between 2014 and 2020. In the Latin America pet food market, the nutritious segment is estimated to log an 8% CAGR between 2014 and 2020. The rapid growth of this segment in both the regions can be attributed to the rising demand for food with fewer chemicals and synthetic ingredients and the growing pet health concerns of owners. Moreover, the growing prevalence of diseases including Lyme disease and canine parvovirus infection among pets is further expected to drive the nutritious food segment in the two regions.

By geography, the Middle East pet food market has been segmented into UAE, Israel, and others. On a similar note, the Latin America market for pet food has been segmented into Argentina, Brazil, and others. As per the report, the Middle East market for pet food is estimated to witness rapid growth due to the growing adoption of pets along with the increasing efforts of pet owners to offer quality food to their pets. On the other hand, the Latin America market for pet food is estimated to witness sluggish growth in the next few years.

Request a PDF Brochure with Research Report Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4365

Furthermore, the research report talks about the competitive scenario of the pet food market in the Middle East and Latin America. Detailed company profiles, business strategies, financial overview, mergers and acquisitions, and SWOT analysis of the leading players have been included in the research study. The prominent players operating in the Middle East and Latin America pet food market include Nestle Purina PetCare, Royal Canin, Pedigree, Whiskas, Procter and Gamble, and Mars Petcare Inc.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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