Research and Markets - Global Pet Care Market Growth at CAGR of 4.72%, 2016-2020: Challenges, Trends & Drivers - Key Vendors are Ancol Pet Products, Beaphar, JM Smucke, Mars & Nestl? Purina

DUBLIN, October 13, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Pet Care Market 2016-2020" report to their offering.

Pet owners treat their pets as family members and pamper them with a variety of pet food; this is directly contributing to an increase in the sales of pet care products. Pet owners have also started preferring healthy and natural food products for their pets. Therefore, pet food manufacturers are focusing on formulating pet food products with new ingredients to provide better nutrition.

The global pet care market to grow at a CAGR of 4.72% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global pet care market for 2016-2020. To calculate the market size, the report considers the revenue generated through the retail sales of pet food and pet grooming products to individual consumers. The report also includes a discussion of the key vendors operating in this market.

According to the report, high profit margins for manufacturers is an important driver contributing to this market's growth. Pet care manufacturers are leveraging on the growing number of pet owners and their willingness to pay for premium products by offering a wide range of innovative, specialized, and premium products. Pet retail stores are estimated to have gross profit margins of 35%-45%.

Pet food manufacturers are experiencing high profitability as pet owners continue to purchase special food formulations to maintain the health and well-being of their pets. With strong demand and rising sales, manufactures are expected to achieve even higher profit margins. Products such as food and pet supplies have high mark-ups and drive the profitability of manufacturers.

Key vendors

• Ancol Pet Products
• Beaphar
• JM Smucke
• Mars
• Nestlé Purina

Other prominent vendors

• Aller Petfood
• Barking Heads and Meowing Heads
• BHJ Pet Food
• Blue Buffalo
• Bob Martin
• BOSHEL
• Chelsea Dogs
• Diamond Pet Foods
• Earthwhile Endeavors
• Ferplast
• Inaba Petfood
• Just for Pets
• Oster
• Pet Brands
• Pettex
• Platinum Pets
• Rolf C Hagen
• Rosewood Pet Products
• Tetra
• The Hartz Mountain
• Vitakraft
• Yantai China Pet Foods Abbott Vascular

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by pet type

Part 07: Market segmentation by product type

Part 08: Geographical segmentation

Part 09: Key leading countries

Part 10: Market drivers

Part 11: Impact of drivers

Part 12: Market challenges

Part 13: Impact of drivers and challenges

Part 14: Market trends

Part 15: Vendor landscape

Part 16: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/pr956c/global_pet_care

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Related Links

http://www.researchandmarkets.com

SOURCE Research and Markets