Global Animal Food Market to be Driven by Rising Demand from Asia Pacific

The global market for animal food has been analyzed in a recent market research report by Transparency Market Research. The report, titled “Global Animal Food Market - Industry Size, Share, Trends, Analysis, And Forecasts 2012 – 2018,” offers a holistic overview of the global animal food market and analyzes the present state of the market’s elementary components. The report also features a highly analytical and fact-based forecast of the future growth prospects of the key market elements over the period between 2012 and 2018.

The report also gives a thorough overview of the recent developments in the market in terms of new product launches, technological advancements in manufacturing processes, key trends in present times, major drivers and challenges, and the collective impact of these factors on the future developmental prospects of the global animal food market over the report’s forecast period.

The report states that evolving practices in pet care, rising array of product varieties and options in animal food products, rising disposable incomes in developing countries and the subsequent rise in expenditure on animal care by pet lovers, and constant improvements in the quality of animal food products are some of the major driving forces for the global animal food market.

Some of the major product types in the global animal food market are a variety of dog foods and cat foods, dog and cat treats, and other consumables and items.

From a geographical viewpoint, Asia Pacific is projected to be the largest market for a variety of animal food products over the report’s forecast period. The strengthening economies of countries in the region are a major factor allowing pet lovers to spend more on better animal food. Looking at the rising demand for a variety of animal foods in Asia Pacific, global animal food manufacturers are focusing marketing efforts on penetrating into the region.

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The report also gives a detailed overview of the competitive landscape of the global animal food market. The report states that the market is highly fragmented, featuring a large number of small- and large-scale animal food manufacturers. A number of domestic vendors hold dominant positions in several regional markets owing to the presence of economical product varieties made especially according to the needs of regional consumers.

Owing to the lucrative growth opportunities presented by developing countries, vendors are increasingly creating new strategies to venture in these markets.

Some of the major vendors in the global animal food market in the current scenario are Bell Rock Growers, Inc., Chomp, Inc., Azmira Holistic Animal Care, Newman's Own Organic, Arkat Nutrition, BilJac Foods, Inc., LLC., Active Life Pet Products, Annamaet PetFoods, Nutro Products, Inc., Chenango Valley Pet Foods, Inc., Breeder's Choice Pet Foods, Inc., Artemis Company, Cloud Star Corporation, Beowulf Natural Feeds, Inc., Blue Seal Feeds, Inc., and BalanceDiet.