North America Pet Food Market Forecasts (2020-2025)Posted by Prashanth on March 11th, 2020 Market Overview: North America pet food market was valued at USD 29.03 billion in 2020 and is estimated to reach USD 34.76 billion by 2025, with a current CAGR of 3.67% over the forecast period. Pet foods offer the required nutrients for the healthy growth of domestic animals. Due to the quality nutrients, premium pet foods assist in keeping the skin and coat health in pets. They will also assist in avoiding issues like food allergies, sensitive stomach, obesity and hip and joint stiffness. Particularly formulated premium pet foods can also help with conditions like hairballs, urinary tract problems and oral problems. Market drivers and restraints: The North American pet food market is primarily driven by the consumer awareness about the benefits of high-quality pet food, rise in the pet population, concern for the health of pets, growth in pet adoption in single and nuclear families, and increase in palatability of pet food. Pets are being treated with escalated care and hygiene in this region, which is also boosting the call for pet food products. Report segmented as: By pet:
By food:
By sales channel:
Geographical analysis: On the basis of region, the North America pet food market is segregated into the US, Mexico, Canada and Others. The North American region has the highest revenue share and is expected to continue its lead in the global market in the coming years. Important market players: Some of the major players operating in the market include The J.M. Smucker Company; The Hartz Mountain Corporation; Mars Incorporated; Hill’s Pet Nutrition, Inc; Nestlé Purina; Lupus Alimentos; Total Alimentos SA; Blue Buffalo Pet Products, Inc.; WellPet LLC; and Diamond Pet Foods, Purely for Pets, Marukan CO. LTD., Nisshin Saifun Group INC., Natural Dog Food Company, Halo, and Del Monte Foods. The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |