Pet Food Market Driven by Rising Awareness Regarding Pet Health and Rise in Ownership of Pets: Radiant Insights, Inc.
SAN FRANCISCO, July 5, 2018 /PRNewswire/ --
The global pet food market is expected to gain a wider traction in the forthcoming period. Consumption of animal food products continues to witness massive growth in the last decade and this is due to the potential to take in protein to resist malnutrition in animals in many parts of the world. Pets require proper nutrition in place of proper ingredients.
A diet full of great ingredients may turn less nutritive in a diet that comprises ingredients that appear to be less appealing. A pet diet made up of chicken breast. White potato and peas sound good for human health, that doesn't make them healthier or provide higher quality in a diet that contains pork liver, fish meal, and corn flour. There can also be a vast difference in quality and nutrition since the two diets with similar ingredients cannot be of the same quality.
Pet food industry is driven by factors such as rising awareness regarding pet health and rise in ownership of pets. Rise in adoption of nuclear family ties and rapid urbanization leading to relocation due to jobs result in pet adoption; which further boosts the market growth. In addition, the rise in cattle breeding is also expected to contribute to market growth in the forecast period. Subsequently, rise in novel techniques used for pet food production is likely to gain a positive traction in the forthcoming period.
Based on pet type, the segmentation for pet food industry includes dog and cat. The dog food segment is expected to account for a major share in the forecast period due to the rising trend of nuclear families and rising inclination for companionship. Sales channel segmentation for pet food industry includes specialized pet shops, hypermarket, supermarket, and online sales. Specialized pet shops segment accounts for a higher CAGR in the forecast period. Based on type of food, the segmentation for pet food industry includes dry/wet canned, snacks, food
Geographical pet food industry spans North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North American pet food industry is expected to grow substantially in the forthcoming period due to rise in rate of pet adoption. Pet market in the U.S region is a booming market and witnesses various types of breed in demand. Quality breed of dogs demands quality food that further fuels the market growth. Asia-Pacific's pet food industry is anticipated to rise at a staggering CAGR in the forecast period due to rise in number of pet owners
The key players in the pet food industry include Devenish Nutrition Ltd, The Nutro Company, Tuffy's Pet foods inc, Canine Caviar Pet Foods, Spectrum Brands/United Pet Group, Big Heart Pet Simmons Pet Foods Inc, Nutriara Alimentos Ltd, Nisshin Petfood Inc, Mogiana Alimentos SA.
This report studies the global Pet Food market status and forecast, categorizes the global Pet Food market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Access 106 page research report with TOC on "Pet Food Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-pet-food-industry-2018
In 2017, the global Pet Food market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx.x % between 2018 and 2025.
The major manufacturers covered in this report
- Affinity Petcare SA
- Aller Petfood LLC
- BHJ A/S
- Blue Buffalo Pet Products
- C&D Foods
- Del Monte Foods
- Doane Pet Care Company
- Hartz Mountain Corporation
- Hill's Pet Nutrition
- Mars
- Nestle Purina PetCare Company
- Nutro Products
- The Iams Company
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
The regional scope of the study is as follows:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Singapore
- Rest of Asia-Pacific
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Rest of Europe
- Central & South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- Turkey
- Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Canned/Wet Food
- Dry Food
- Semi-Moist Food
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- Dogs
- Cats
- Pigs
- Other
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SOURCE Radiant Insights, Inc.
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