The IMARC Group provides extensive analysis of the pet food industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on pet food market report, size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
Informed covered in the report:
- Historical market data from 2016-2021
- CAGR of the market during the forecast period 2022-2027
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the Keyword market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of smart meters market key players
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The global pet food market reached a value of US$ 112.87 Billion in 2021. Pet food represents the food products specifically manufactured and intended for consumption by pets. It is commercially prepared using agricultural components, animal-feed grade ingredients, and nutritional supplements, including cereals, meat, vegetables, seafood, feed grain by-products, etc. Pet food is rich in nutrients that help improve digestion, strengthen immunity, and increase the life expectancy of pets. Presently, products that contain high-quality ingredients with zero added additives and offer substantial health benefits are growing in popularity among pet owners.
Pet Food Market Trends:
The elevating levels of pet humanization, along with the increasing awareness among pet owners regarding the health and nutritional requirements of their pets, are primarily driving the pet food market. Moreover, the shifting preferences towards the trend of nuclear families in recent years, particularly in developing countries, is further catalyzing the market growth by encouraging pet adoption. Besides this, the rising premiumization of pet food variants is also positively influencing the sales of custom-made products. Additionally, numerous pet owners are increasingly opting for organic and natural pet food products that are devoid of pesticides, preservatives, genetically modified organisms (GMOs), etc., which is acting as another significant growth-inducing factor. Apart from this, the escalating spending capacities of the consumers and the expanding product availability via e-commerce platforms are expected to fuel the pet food market over the forecasted period. Looking forward, IMARC Group expects the pet food market to reach US$ 154.04 Billion by 2027, exhibiting a CAGR of 5.42% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Mars Petcare Inc.
- Nestlé Purina Pet Care
- Hill’s Pet Nutrition
- The J.M. Smucker Company
Market Segmentation:
Breakup by Pet Type:
- Dog Food
- Cat Food
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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