The Global Animal And Pet Food Market Was Valued At 7 Billion in 2017 Accordi

Posted by ananth on July 18th, 2018

This industry comprises establishments primarily engaged in manufacturing food and feed for animals and pets from ingredients, such as grains, oilseed mill products, and meat products.

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The market was valued at 7 billion in 2017, and it is expected to grow because of improved earning capacity and emerging markets growth.

Asia- Pacific was the largest in animal and pet food market in 2017, accounting for about one-third of the global market share.

Animal And Pet Food Global Market is split into segments: pet food and animal food.

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The USA was the biggest player in animal and pet food market in 2017, accounting for one-fifth of animal and pet food market. And it is followed by China.

The top competitors in the market are Nestlé Purina, Mars Petcare Inc., Big Heart Pet brands, Blue Buffalo and Hill's Pet Nutrition. Nestlé Purina Pet care is a St. Louis, Missouri-based subsidiary of Nestlé. It produces and markets pet food, litter. Some of its pet food brands include Purina Pro Plan, Purina Dog Chow, Purina ONE. The company was formed in 2001 by combining Ralston Purina, which was acquired by Nestlé for .3 billion, with Nestlé's Friskies Petcare Company. As consumers became willing to spend more money on their pets, the company grew. As of 2012, it was the second-largest pet food company globally and the largest in the United States.

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ananth

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ananth
Joined: June 11th, 2018
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