Pet Food Market Overview
“Pet food” means any commercial feed prepared for consumption by dogs and cats, supplements or a food intended as sole ration. Pet food consists of products like pet treats, biscuits, training foods, and more traditional pet foods.
The market is mainly driven by factors such as the growth of product availability and awareness among consumers Rise in pet ownership in many Asian countries has led to increased consumption of pet food. The private label sales in the U.S. are also expected to increase in the near future as consumers have started looking for cheaper and equally effective products. Major restraint of the market is the increase in essential raw materials such as corn, soybeans, and wheat, which in turn led to an increase in the price of most protein sources. The issue of rendered meat is also hindering the market. Concerns over the use of pesticides, genetically-modified organisms or artificial flavors in the pet food led to increasing in demand for pet food containing balanced diet with organic proteins, vegetables, rice, and fewer fillers are continuing to grow, creating an opportunity for organic pet food.
Pet Food Market Forecast Report (2019-2024)
Global Pet Food market has been estimated at USD 82.92 Billion in 2019 and is projected to reach USD 104.83 Billion by 2024, at a CAGR of 4.8% during the forecast period from 2019 to 2024.
Pet Food Market Segmentation
The global market for Pet food is segmented into ingredients, animal type, and geography. Each of these segments is further sub-segmented into
Geographically, the Global market for is Pet Food is segmented into North America, Asia-Pacific, Europe, Latin America, and Middle-East and Africa. The 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. The North American market is being mainly driven by the U.S. primarily due to sluggish economic growth.
Key Players in Pet Food:
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 a large number of small manufacturers.
are the major companies in the market.
Reasons to Purchase Pet Food Market Report
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By ingredient type
5.1.1 Animal Derivatives
5.1.2 Fish derivatives
5.1.3 Fruits & Vegetables
5.1.4 Cereals & Cereal by-products
5.1.5 Fats & Oils
5.1.6 Vitamins & Minerals
5.1.6 Additives
5.2 By animal type
5.2.1 Dog
5.2.2 Cat
5.2.3 Bird
5.2.4 Other animals
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.2.7 Russia
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.3.6 Australia
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Argentina
6.4.5 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Mars Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Del Monte Foods
8.3 Hills Pet Nutrition INC
8.4 Unicharm Corporation
8.5 Nippon Formula Feed Manufacturing Company LTD
8.6 Pet Center Incorporated (PCI)
8.7 Nestle Purina Pet Care
8.8 Nisshin Saifun Group INC
8.9 Natural Dog Food Company
8.10 Purely for Pets
8.11 Marukan CO. LTD
8.12 Spectrum Brands INC
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
