(Food-Beverage-News.Com, February 24, 2017 ) Global Pet Food Market is forecasted to grow at a CAGR of 3.94% by 2021.
The growth is driven by the increasing demand grain free products along with the increasing demand of natural pet food products. Additionally the increasing ownership of pet cats and dogs with the increasing trend of pet humanization and premiumization of pet food will drive the market in the forecast period. Moreover the market is getting consolidated in terms of recent mergers and acquisition where big brands are acquiring the smaller firms in order to increase their product variety and market expansions.
Highlights of the Report:
Global Pet Food Market: Opportunities and Forecast is projected to exhibit a CAGR by 2021, largely driven by the increase in spending of pet owners towards the pet food products, increased focus of pet owners towards their pet health, rising awareness for the traditional veggie food for the pet will give the huge growth momentum for the market in the forecast period.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global pet food market on the basis of Food Type (Dry, Wet, Snacks, Mixers); Animal Type (Dog Food, Cat Food, Fish Food, Others)
Pet Food Market Research Report covers the present scenario and the growth prospects of the Pet Food Industry for 2016-2021. Report covers the market landscape and its growth prospects over the coming years and discussion of the Leading Companies effective in this market. Pet Food Market, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue generated from the sales of Pet Food globally.
Regional Analysis:
The report aims to present the analysis of global pet food market By Region (North America, Europe, APAC and ROW) and By Country (U.S.A, Canada, UK, Germany, Japan, India, China, France).
Although, the dog food market is gaining the maximum market share and will dominate the market share in the forecast period as well. In terms of derivative type the animal, grain free and genetically modified product are gaining the market share. APAC is predicted to grow with a CAGR of 4.42% during the year 2016-2012F, which is mainly driven by the increase in ownership of pets along with the rising awareness of pet owners to switch from the local brands to international brand.
Leading Companies of Pet Food Market:
Mars Petcare Inc. Nestle Purina Petcare Blue Buffalo Hill’s Pe Nutirion Diamond Pet foods Heristo Aktiengesellschaft(AG) Invivo Animal & Health Nutrition Big Heart Pet brands
Detailed List of Table and Figures Covered in Global Pet Food Market Report:
Research Methodology Research Assumptions Executive Summary Strategic Recommendations Global Pet Food Market Outlook Product Overview Global Pet Food Industry: Growth and Forecast By Value (2011-2015) By Value (2016-2021) Company Profiles: Global Pet Food Industry By Value (2011-2015) By Value (2016-2021) By Manufacturing By Type By Technology PEST Analysis- Global Pet Food Market Market Dynamics Market Growth Drivers Market Restraints Porter Five Force Analysis – Global Pet Food Market Global Trade Data Analysis Pet Food Market: Value Chain Analysis Regional Market Analysis
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