The
global animal food market is likely to be driven by the increasing
pet ownership in emerging countries in the coming years, according to
a new report from Transparency Market Research (TMR). The report
studies the development trajectory exhibited by the global animal
food market and presents an analysis of the market’s current
condition. Key indicators derived from a solid analysis of these
figures form the basis of reliable predictions regarding the market’s
growth in the coming years. The report is titled ‘Global Animal
Food Market - Industry Size, Share, Trends, Analysis, And Forecasts
2012 – 2018.’
Know
More About
Animal
Food Market Report
At:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=297
One
of the key drivers for the global animal food market is the
increasing number of pet owners in developed as well as developing
economies. While owning a pet is already common in North America and
Europe, leading to a firmly established presence of a strong sales
network for animal food and accessories, pet ownership is an emerging
phenomenon in developing countries in Asia Pacific and Latin America.
This presents an immense scope for future development of the animal
food market, as the purchasing power of consumers in these regions is
growing steadily, leading to not only an increase in the number of
pet owners, but their purchasing power in terms of premium pet food.
The
rising demand for meat and meat products has also had a favorable
impact on the global animal food market, as it has given a boost to
animal husbandry operations across the world. Despite the rising
popularity of vegetarianism, this is likely to remain a key driver
for the animal food industry in the coming years.
Another
key driver for the animal food market is the consistent technological
advancement in the industry and the resultant improvement in the
quality of the final product. This has helped the animal food
industry create a favorable perception among consumers, as side
effects of animal food are among the top concerns of pet owners.
Technological development has also allowed the animal food industry
to come up with a highly species-specific product catalog, which has
had a notable effect on the demand for animal food.
By
product type, the global
animal food market can be segmented into dry dog food, moist dog
food, dry cat food, moist cat food, treats, and others. Due to the
popularity of dogs as pets, dog food is likely to remain the leading
contributor to the global animal food market in the coming years.
The report studies the competitive dynamics of the global animal food industry by studying key players in the market such as Nutro Products, Inc., Chomp, Inc., BilJac Foods, Inc., LLC., Active Life Pet Products, Beowulf Natural Feeds, Inc., Chenango Valley Pet Foods, Inc., Arkat Nutrition, Artemis Company, Bench & Field Pet Foods, Breeder's Choice Pet Foods, Inc., Annamaet PetFoods, Cloud Star Corporation, Newman's Own Organic, BalanceDiet, Blue Seal Feeds, Inc., Bell Rock Growers, Inc., and Azmira Holistic Animal Care.
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