Pet Food Market Research Report

Global Pet Food Market

The GMI Research speculates that the Pet Food Market will perceive an increasing demand over the forecast period. This is mainly because of the surging agitation towards pet health, intensifying awareness related to pet health and the beneficial features provided by pet foods, and growing demand for top-quality food.

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Introduction of the Pet Food Market

Pet food refers to plant or animal material deliberated for consumption by pets such as fishes, dogs, cats, or other pet animals. The readymade pet food products are gaining prominence among pet owners and offer a huge amount of nourishment to the pets. They help to improve digestion, dental hygiene, and a stronger immune system.

Key Players of Market:

· Hill’s Pet Nutrition, Inc.

· Nestlé Purina

· Mars Incorporated

· The J.M. Smucker Company

· Diamond Pet Foods

· Deuerer

· Nutriara Alimentos Ltd.

· Blue Buffalo Pet Products, Inc.

· WellPet LLC

· Omega Protein Corporation

Pet Food Market Dynamics

The factors contributing to the growth of the global pet food market size include the augmenting adoption of pets and the aggravating demand for superior pet foods. In addition, the accelerating disposable income of the middle-class population resulting in the growing disbursement of pets has propelled the market demand. Further, the growing tendency of possessing pets as a partner of the owners and the increasing apprehension towards health has persuaded pet owners to opt for healthy food options to maintain their animal health. Thus, this factor is stimulating market growth. For example, nearly 95% of pet owners presume their pets as a part of their family; thus, they are focussing on the quality of their food, which further adds to the market growth. Additionally, the remarkable switch in the choice of consumers towards veganism and grain-free pet items will pave the way for pet food market size.

Besides this, the convenient accessibility of pet food across different platforms, such as supermarkets, online stores, and retail shops, has positively influenced the market growth. The pet food items include fruits, vegetables, lamb meat, chicken meat, and several other preservatives to improve the texture, flavor, and colour of the food items. Furthermore, the ongoing product invention, including the initiation of vegan and grain-free pet foods to serve the robust market demand, is bolstering the pet food market share.

Product Segment Drivers

Based on the product, dry food is contemplated to expand at a faster rate during the forecast period. The remarkable features such as economical price, less moisture content, and easy accessibility to store and feed pets are bringing enormous growth opportunities for the market. Further, the notable alteration change in the lifestyle and the growing knowledge regarding natural dry pet food products will drive the pet food market growth.

Pet Food Market Segmentation:

Segmentation by Product

· Dry Food

· Wet/Canned Food

· Nutritious Food

· Snacks/Treats

· Others

Segmentation by Application

· Dog

· Cat

· Others

Segmentation by Region:

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· RoW

o UAE

o Brazil

o South Africa

o Saudi Arabia

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