Author: Market Research Future

Food

Pet Food Market Share Growth Expected to Reach USD 145.15

The Power of Pets: A Growing Trend of Pet Adoption pet industry. A recent report by Market Research Future (MRFR) paints a bright picture for the pet food market, estimating that it will reach a staggering USD 145.15 billion by 2030. This translates into a healthy Compound Annual Growth Rate (CAGR) of 6.10% for the period 2020-2030. Let’s take a deeper look at the factors driving this growth and discover what the future holds for this pet parent-driven market.One of the main drivers of the pet food market is the undeniable increase in pet adoption. People are increasingly welcoming pets…

Read More