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Pet Food Market - Current Trends, 2022

Pet food market size is expected to garner $92,747 Million, by 2022, with a CAGR of 4.1%. North America is expected to dominate the global pet food market.

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Pet Food Market - Current Trends, 2022

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Pet Food Market Global Opportunity Analysis and Industry Forecast, 2014-2022

  2. Pet Food Market Outlook - 2022 The global pet food market generated revenue of $68,109 million in 2014, and is expected to garner $92,747 million by 2022, registering a CAGR of 4.1% from 2016 to 2022. The global pet food market is driven by factors such as rising trend of nuclear families, rapid humanization of pets, and increased awareness about pet health. In addition, increase in ownership of pets in developing nations and rise in e-commerce sales offer opportunities for the market players. However, increasing concerns about pet obesity and pet food recalls by companies hamper the growth of the market. Download Sample Report: The demand for transparency during purchasing of pet food products has increased among consumers, owing to the ongoing concerns about pet health. Therefore, the Food and Drug Administration (FDA) ensures that the ingredients used in pet foods are enlisted on the labels based on weight. In addition, it assesses claims on pet foods such as "maintains urinary tract health," " low magnesium," and "hairball control."

  3. Segment Overview The Asia-Pacific region is one of the most important and high potential markets for this industry. The Asia-Pacific region is endowed with mature markets, such as Australia and Japan and has emerging markets such as China, India, Thailand, and others. In addition, Japan is one the major pet food markets in Asia Pacific and is expected to remain dominant during the forecast period, reaching a pet food market share of around 46.6% by the end of 2022. Apartment-culture, trend of nuclear families, and the need for companionship has resulted in the dominance of the pet food market in Japan. Increase in pet ownership in Australia has also supplemented the pet food market growth, thereby resulting in it being the second most prominent market in the region.

  4. Key Benefits for Pet Food Market: The pet food market report includes an in-depth analysis of the global pet food market along with the current pet food market trends, drivers, restraints, and growth opportunities. Porter’s Five Forces model illustrates the potency of buyers and sellers to formulate effective strategies. Value chain analysis provides a clear understanding of the key intermediaries involved and their respective roles at every stage of the value chain. Key market players have been profiled to gain an understanding of the strategies adopted by them. The current trends have been quantitatively analyzed and estimated for the period of 2016?2022 to highlight the financial competency of the market. The report includes the pet food market analysis at regional as well as the global level, key players, application areas, market size and market growth.

  5. Pet Food Market Segments: By Pet Type Dogs Cats Others By Food Type Dry Food Wet/Canned Food Treats/Snacks Others (Veterinary Diet, Organic, and Nutritional Food) By Sales Channel Specialized Pet Shops Internet Sales Hypermarkets Others (Grocery Stores, Non-grocery Stores)

  6. By Geography • North America • U.S. • Canada • Mexico • Europe • UK • Germany • France • Italy • Rest of Europe • Asia-Pacific • China • India • Japan • Australia • Rest of Asia-Pacific • LAMEA • Latin America • Middle East • Africa

  7. Key Players • Mars Petcare US Inc., • The Procter & Gamble Company, • Big Heart Pet Brands, • Nestle Purina PetCare, • Diamond Pet Foods, • Hill’s Pet Nutrition, • TiernahrungDeuerer GmbH, • WellPet LLC, • Blue Buffalo Co., Ltd., and • HeristoAktiengesellschaft

  8. Other Players in the Market • Solid Gold • Del Monte Foods • Pet Valu • PetClub • PetPros • Benefit EvcilHayvanÜrünleri • LiderEvcilHayvanBeslenmeÜrünleri • Colgate-Palmolive Co. • Connex United Processors • The Great Australian Pet Food Co.

  9. Contact Us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141 International: +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

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