The
featured report from Transparency Market Research, titled “Pet Food
Market - Global Scenario, Trends, Industry Analysis, Size, Share And
Forecast 2011 - 2017”, offers the latest intelligence on the
market. The report states that the global pet food market will expand
at a modest CAGR of 4.2% during the forecast period from 2011 to
2017. In 2011, the global pet food market was estimated at US$58.6 bn
and by 2017, the market is expected to be worth US$74.8 bn.
Pet
owners around the world are demanding the best products for their
pets. This is evolving beyond the usual standards such as flavor. Pet
owners want products with a high nutritional value and manufacturing
safety standards, similar to human food. This is projected to drive
the global pet food market greatly in the coming few years. According
to a study, a quarter of American pet owners worry if the pet food
they are buying will make their pet obese.
Browse
the full Pet Food Market
report at :
http://www.transparencymarketresearch.com/pet-food-market.html
The
global pet food market is also driven by trends such as the changing
lifestyle, growing urbanization, and rising level of disposable
incomes. In addition to this, the accelerating trend of nuclear
families will further boost the global pet food market in the
foreseeable future. On the other hand, the rising obesity in pets,
regulatory issues, and pet allergies will suppress the global pet
food market.By pet type, the global pet food market is divided into
cat food, dog food, and others. According to food type, the global
pet food market is classified into snacks/treats, nutritious food,
wet/canned food, and dry food. The global pet food market is
dominated by the dry pet food segment, with a market share of 39%.
The second largest segment in the global pet food market is that of
snacks/treats, holding a market share of 21%.
Geography-wise,
the global pet food market is segmented into Europe, North America,
Asia Pacific, and Rest of the World (RoW). Currently, North America
dominates the global pet food market with a market share of almost
40%. The North America pet food market is projected to expand at a
3.5% CAGR in the given forecast period. In 2011, the North America
pet food market was worth US$21.7 bn and by 2019, it will be worth
US$26.6 bn.Europe is the second largest regional market in the global
pet food market and is expected to progress at a 4.4% CAGR during the
forecasting horizon. The Asia Pacific pet food market is expected to
grow rapidly in the coming few years and emerge as the fastest
growing regional market by the end of the forecast period. The rising
trend of keeping pets at home is driving the regional market of Asia
Pacific in the global pet food market.
Request
a Brochure of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=489
The
key players operating in the global pet food market are Del Monte
Foods Co., Colgate-Palmolive Co., Proctor & Gamble Co., Nestle’
SA, Marc Inc., Total Alimentos SA, Nutriara Alimentos Ltd., Uni-Charm
Corp., and Agrolimen SA. Players in the global pet food market are
increasingly broadening their product portfolio to offer nutritious
products such as organic pet food.
Browse
the full Press Release :
http://www.transparencymarketresearch.com/pressrelease/pet-food-market.htm
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
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data repository is continuously updated and revised by a team of
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information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
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