According to a new report published by Allied Market Research, titled, “Pet food Market by Pet Type, Food Type, and Sales Channel: Global Industry Opportunity Analysis and Forecast, 2021-2030 ,โ The global pet food market size was valued at $87,268.2 million in 2020, and is expected to reach $133,430.9 million by 2030, registering a CAGR of 4.6% from 2021 to 2030.
– https://www.alliedmarketresearch.com/request-sample/530
The pet food market is booming due to increased pet ownership worldwide due to rising consumer incomes. The major factors and trends in the pet food market driving the global pet food market are rising trend of nuclear families, rapid humanization of pets, increasing awareness about pet health . However, increase in pet obesity and pet food recall is expected to hinder the market growth to a certain extent during the pet food market forecast period 2021-2030. Additionally, increasing pet ownership in developing countries and rising e-commerce sales serve as opportunities for the global market.
According to the pet food market analysis, the market is classified on the basis of pet type, food type, sales channel and region. By pet type, the pet food market is segmented into dogs, cats and other pets. The rising trend of nuclear families and their need to keep dogs for companionship and security has resulted in the highest revenue generation in 2020. Based on food type, the market is segmented into dry food, wet food, treats & snacks and more. Dry food holds the highest pet food market share by food type as it is one of the most convenient types of food, easy to store, does not require refrigeration, and is available at an affordable price compared to other type of food
By sales channel, the market is categorized into supermarkets and hypermarkets, specialty pet stores, online sales channels, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America contributed the highest revenue in 2020 and is expected to dominate the market during the forecast period.
” https://www.alliedmarketresearch.com/checkout-final/f4ac0151cce6dce6c5c749d6afce7929
Rising disposable incomes in urban areas have resulted in a greater number of pet-owning households willingly spending more on their dogs, cats, and fish than ever before. In the last few years, many multinational companies have established a presence in different regions, due to the high cost of pet ownership and have enhanced their presence through manufacturing facilities or through their facilities in distribution. For example, Perfect Companion, a multinational company from Thailand has setup its new factory in Zhenjiang province.
Furthermore, flavor trends began to emerge in the pet food market. For example, the use of beef in some food categories (dry and wet food) has witnessed a recent trend while chicken is already a dominant flavor. Overall, natural, organic and healthy food trends are driving the market due to its grain-free properties and health benefits offered to pets.
Population growth, rising incomes in developing countries, and urbanization have all contributed to the increase in global pet food production. The increase in the pet population has led to an increase in the humanization of the pet. As a result, consumers are looking to premium pet food products to reduce health-related risks. It also provides profitable opportunities in the pet food market to producers who produce therapeutic and nutritional foods regarding the health of pets and will enable them to gain a high market share of the pet food industry.
Consumers prefer cats over dogs because cats are easy to handle due to their small and convenient size and are easy to care for. Therefore, cat food is likely to grow faster than dog food. However, wet cat food has witnessed a slight increase in its growth as it offers high nutrition to cats and is better for their oral and dental health.
โก๏ธ๐ https://www.alliedmarketresearch.com/purchase-enquiry/530
Pet parents are paying more attention to their pets by offering them more functional food, particularly breed and age-specific items. Also, pets are viewed as full members of the family and benefit for meals, snacks and other premium foods as their owners. Pet parents want their pets to benefit from unique, natural, organic and tasty ingredients and thus, manufacturers are keeping up with this trend by producing organic and healthy pet food products.
The market is driven by rapid pet humanization, increasing pet ownership and demand for therapeutic foods. Pet humanization is a recent trend and has resulted in an increased focus on pet health, weight, and overall fitness. Therefore, the demand for premium and super premium pet food products has witnessed a significant growth as Italian pet owners believe that these are healthier for their pets.
๐๐๐ฒ ๐๐ซ๐ซ๐ค๐๐ญ ๐๐ฅ๐ฅ๐๐ซ๐ฌ :
Mars Petcare Inc.
The Hartz Mountain Corporation
Big Heart Pet Brands
Nestle Purina Pet Care
Diamond Pet Foods
Hill’s Pet Nutrition
Deuerer
WellPet
Blue Buffalo
Heristo AG.
๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ
โข The global pet food market size was valued at $87,268.2 million in 2020, and is expected to reach $133,430.9 million by 2030, registering a CAGR of 4.6% from 2021 to 2030.
โข By pet type, the dogs segment was the highest contributor to the market, with $39,646.2 million in 2020, and is estimated to reach $61,049.5 million in 2030, at a CAGR of 4.7% during the forecast period.
โข By food type, the dry food segment is the highest contributor to the market, with $29,386.8 million in 2020, and is estimated to reach $47,937.5 million in 2030, at a CAGR of 5.3% during the forecast period.
โข By sales channel, the specialty pet stores segment was the highest contributor to the market, with $31,414.8 million in 2020, and is estimated to reach $50,533.1 million in 2030, at a CAGR of 5.1% during of forecasting.
โข By region, North America is the highest revenue contributor, valued at $30,369.3 million in 2020, and is estimated to reach $48,435.4 million in 2030, with a CAGR of 5.0%.
๐๐ป https://www.alliedmarketresearch.com/request-for-customization/530
๐ฅ๐ฎ๐ฎ๐ป๐ฎ๐ป๐ฎ๐ป๐ฎ๐ป๐ป๐ฎ๐ป๐ ๐ฅ๐ผ๐๐๐๐๐๐๐๐๐๐๐:
> Mergers and acquisitions should be properly planned by identifying the best manufacturer.
> Sort new clients or potential partners into the demographic you’re looking for.
> Suitable for providing reliable and high quality data and analysis to aid your internal and external presentations.
> Develop tactical initiatives by gaining a better understanding of areas where large corporations can intervene.
> To increase and grow the potential and reach of the business, develop and plan licensing and licensing strategies by finding possible partners with the most attractive projects.
> Identify new entrants with potentially strong product portfolios and develop effective counter-strategies to gain competitive advantage.
> To develop effective R&D strategies, gather information, analysis, and strategic insights from competitors.
The research provides answers to the following questions:
Q1. What is the total market value of the Pet Food Market report?
Q2. What will be the forecast period of the Pet Food Market report?
Q3. Which is the base year calculated in the Pet Food Market report?
Q4. Which are the leading companies holding the market share in the Pet Food Market?
Q5. Which are the most influential growing segments in the Pet Food Market report?
Q6. Which market holds the maximum market share of the Pet Food Market?
Q7. How was the company profile selected?
Q8. What is the market value of the Pet Food Market in 2020?
โก๏ธ ๐๐๐ ๐๐จ๐ฌ๐ฌ๐ฌ
โฃ Pet Furniture Market
https://www.alliedmarketresearch.com/pet-furniture-market-A10832
โฃ Pet Care Market
https://www.alliedmarketresearch.com/pet-care-market-A06512
โฃ Online Pet Food Supplies Market
https://www.alliedmarketresearch.com/online-pet-food-supplies-market-A07748
โฃ Vegan Pet Food Market
https://www.alliedmarketresearch.com/vegan-pet-food-market-A15847
โฃ Functional Pet Food Market
https://www.alliedmarketresearch.com/functional-pet-food-market-A11855
Contact us:-
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/energy-and-power
Follow Us on | Facebook | LinkedIn | YouTube
About us :-
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, leads the organization towards providing high quality data and insights. We are in professional corporate relationship with various companies and it helps us in digging the market data which helps us to build accurate research data tables and proves utmost accuracy in our market forecast. Every data presented in the reports published by us is obtained through key interviews with top officials from leading companies in the relevant domain. Our secondary data acquisition methods include in-depth online and offline research and discussions with knowledgeable industry professionals and analysts
This release has been published on openPR.
