Pet Food Market | Analytical Overview, During Forecast Period 2024

Research Reports

Jan 18, 2021

Market Analysis

Global Pet Food Market is segmented based on type, nutrition type, and by application. By type the global pet food market is segmented as dry food, canned food, semi-moist food and others. Canned foods are more popular in the segment as they are easy to store for a long term. Based on nutrition type, the global pet food market is segmented as protein, fat, fiber & others. On the basis of application, the global pet food market is segmented as dogs, cats, reptiles, birds, aquatic, small pets and others. Cats and dogs are a major component of the segment as compared to other animals.

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Leading Players

With the entry of new industry players in the segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. The key players profiled in global pet food market report include- Mars Petcare Inc., Nestlé Purina PetCare, Big Heart Pet Brands, Hill’s Pet Nutrition, Diamond Pet Foods, Blue Buffalo to name a few of the competitors.

Latest Industry News

Jan 2018 Cargill has reached an agreement to acquire Pro-Pet, an Ohio-based manufacturer of private label and co-manufactured pet foods, including premium dog food brand Black Gold. The acquisition makes Cargill a supplier of both animal feed and Pet Food Market offerings in the agricultural retail space. Pro-Pet provides Cargill with increased production capacity and proximity to existing agricultural retail customers to better meet their growth needs within pet food.

Regional Analysis

The regions being observed for the pet food market include Europe, North America, APAC, and Rest of the World (RoW).North-America dominates the global pet food market with the largest market share, accounting for a large market share and is expected to grow exponentially by 2024, Asia-Pacific is the emerging markets for pet food and is expected to grow at an encouraging CAGR respectively from 2020 to 2024.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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