The Global Pet Food Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Pet Food Market is estimated to be USD 82.92 billion and predicted to rise to USD 104.83 billion with a CAGR of 4.8%. The market is segmented by ingredient type (Animal Derivatives, Fish derivatives, Fruits & Vegetables, Cereals & Cereal by-products, Fats & Oils, Vitamins & Minerals, Additives), and by animal type (Dog, Cat, Bird, Other animals). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market is mainly driven by the growth in pet adoption and increased consumption of ready-made food. Also, increasing awareness about the benefits of pet food with good amounts of nutrition for the proper growth and care of pet is also increasing the market growth. Many countries came up with stringent laws related to the cost of raw materials in pet food production and also the cost of product itself, might slow down the market growth.
Global market for Pet food is segmented into ingredients, animal type and geography. Each of these segments are further sub segmented into, Ingredient: Animal Derivatives, Fish derivatives, Fruits & Vegetables, Cereals & Cereal by-products, Fats & Oils, Vitamins & Minerals, Additives; Animal Type: Dog, Cat, Bird, Others animals.
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.
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.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-pet-food-market-423/” and checkout our recent reports in the Animal Feed category at “http://www.marketdataforecast.com/research-reports/agriculture/animal-feed-7/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.