Transparency
Market Research has released a new market study on pet
food market, titled "Pet Food Market - Global Scenario,
Trends, Industry Analysis, Size, Share And Forecast 2011 - 2017."
Due to the growing demand for nutritious food for pets, the global
pet food market is expected to expand at a CAGR of 4.2% during the
period from 2011 to 2017. The global pet food market was valued at
US$58.6 bn in 2011 and is anticipated to reach US$74.8 bn by 2017.
With
increasing disposable income, a growing number of people are opting
for pets. Pets are adopted extensively as many people have nuclear
families and wish to have a pet to get rid of loneliness and have a
companion in the form of a pet. Pet owners are increasingly concerned
about pet health and providing pets with nutritious food, which
directly benefits the global pet food market. The purchasing
decisions they make are based on factors such as high nutrition
content and other factors that benefit the health of the pets. This
is expected to drive the global pet food market.
Factors
such as the rising number of cases of allergies among humans due to
pets may hamper the market. Growing obesity problems among pets due
to the utilization of high-fat pet food can also act as a restraint
for the global pet food market.
The
report segments the pet food market on the basis of food type, pet
type, and geography. By type of pet, the market is categorized into
cat food, dog food, and others. On the basis of food type, the market
is segmented into nutritious food, wet food or canned food, dry food,
and snacks/treats. The report states that dry pet food is the largest
segment of the market, accounting for 39% of the global pet food
market. The snacks/treats segment follows, accounting for 21% of the
global pet food market.
Geographically,
the market is segmented into North America, Asia Pacific, Europe, and
Rest of the World. Currently, North America dominates the market,
representing almost 40% of the global pet food market. The North
America pet food market is expected to demonstrate a CAGR of 3.5% in
the forecast period, rising from US$21.7 bn in 2011 to US$26.6 bn in
2019. Europe is anticipated to be the second largest regional market
and progress at a 4.4% CAGR between 2011 and 2017. Asia Pacific is
anticipated to grow rapidly and emerge as the fastest growing
regional market, driven by the rising trend of keeping pets at home.
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The
report comprises key details about the major manufacturers of pet
food. The strategies implemented by the leading players, along with
details about the recent developments, and their financial overview
are given in the report. Major players in the global pet food market
analyzed in the report are: Del Monte Foods Co., Colgate-Palmolive
Co., Nestle’ SA, Total Alimentos SA, Marc Inc., Proctor &
Gamble Co., Nutriara Alimentos Ltd., Agrolimen SA, and Uni-Charm
Corp.
The
global pet food market is segmented as follows:
Pet
type
- Dog food
- Cat food
- Others
Type
of food
- Dry food
- Wet/ Canned food
- Snacks/ Treats
- Nutritious food
Regional
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
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
material for business reports.
Contact
Mr. Sudip S
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State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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