Pet Food Market Share, Industry Growth Opportunity, New Research Report

Posted by Nikhil khadilkar on February 6th, 2020

Market Scenario

 The global Pet Food Market is expected to register rapid growth during the forecast period due to the increasing awareness among consumers about digestive disorders, healthier lifestyle, high energy level, healthy weight, and longer lifespan for their pets.

Years ago, many countries passed a law, extending human rights to some species of apes. Gone are the days when lonely people had pets at their homes only for company. Today, due to raising awareness about animal rights, concern for animal welfare and laws making it compulsory for people to take proper care of their pets. Not only people treat their pets like family members, but they also demand good quality food for them, which is giving rise to the market for pet food. Globally, the market for pet food is growing due to increasing trends for healthy products. Rising disposable income of pet owners and rapid development in food processing technology has supported positive growth for the pet food market.  

Market Research Future (MRFR) has published a research report about the global Pet Food Market Share that envisages enormous growth in this market between 2018 and 2027. This report estimates the market size and analyzes the driving factors along with restraints and growth potential of the market. Profiling the key players in the market, this report analyzes company strategies, including joint ventures, mergers and acquisitions and research and development (R & D). Restraints like strict laws related to pet care to ensure curbs on animal abuse and scarcity of ingredients are likely to slow down the growth of the market.

The global pet food market has been segmented on the basis of application, nutrition type, type, and lastly, region. Based on the application, this market has been segmented into aquatic, birds, cats, dogs, reptiles, small pets, and others. Aquatic pets are water-based creatures like fishes,  frogs, and some amphibians. Reptiles are creatures that lay eggs. For example, lizards. Small pets are small sized animals like rats, rabbits, and chinchillas. On the basis of nutrition type, the global pet food market is segmented as fat, fiber, protein, & others.

By type the market segmentation covers, dry food, canned food, semi-moist food, and others. Example of dry food is dog biscuits. Canned food examples cover, canned chicken, tunas, savory stew, etc. Semi-moist pet food is mostly for dogs. It contains about 60-65% water by weight. This makes it more expensive per energy calorie than dry food. Semi-moist dog food generally contains more sugar and salt than either dry or canned dog food. Relevant examples include red meat, hearty stew, and patties of moisturized dog food.

Latest Industry News

  • Peter Roberts, a former Kellogg's engineer who has also worked for companies like Oetker and Nestle, has achieved a new milestone in the industry of pet food. Roberts has taken on a franchise selling and delivering Heights Farm Premium Pet Foods. He has developed a hypoallergenic blend of complete dry food for cats and dogs. His innovation is helpful for animals that have food allergies. 23 JUL 2018
  • By introducing ACANA Singles, Champion Petfoods’ have unveiled a formulation makeover and flavor additions at this year’s SuperZoo. ACANA is introducing improved, meat-enhanced singles recipes and an expanded line featuring two new single animal-source protein flavors ̶ Beef & Pumpkin and Turkey & Greens. 2 JUL 2018

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Key Players

The key players in the global pet food market include Big Heart Pet Brands (USA), Blue Buffalo (USA), Deuerer (Germany), Diamond Pet Foods (USA), Heristo AG (Germany), Hill's Pet Nutrition (USA), Mars Petcare Inc. (Russia), Nestlé Purina PetCare (USA), Spectrum Brands (USA), United Pet Group (USA), and Unicharm Corp (Japan). 

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Nikhil khadilkar

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Nikhil khadilkar
Joined: December 19th, 2018
Articles Posted: 524

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