Transparency
Market Research announces the publication of a new market research
report, titled “Pet Food Market - Middle East and Latin America
Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020.”
The research study offers a detailed analysis of the regional
markets, including the major drivers, restraints, product
segmentation, and competitive landscape the overall market.In 2013,
the Middle
East and Latin America pet food market for was worth
US$239.6 mn and is anticipated to reach a valuation of US$350.5 mn by
the end of 2020. The Middle East market for pet food is estimated to
exhibit a 5.60% CAGR between 2014 and 2020.
On
the other hand, in 2013, the Latin America market for pet food was
worth US$8.20 bn and is anticipated to reach a valuation of US$10.36
bn by the end of 2020. The Latin America market is projected to
register a 3.40% CAGR between 2014 and 2020.By pet type, the pet food
market in the Middle East and Latin America has been categorized into
dog food, cat food, and others. In 2013, the dog food segment led the
market. Furthermore, by food type, the Middle East and Latin America
pet food market has been classified into nutritious, snacks/treats,
wet/canned food, dry food, and others. In 2013, the dry pet food
segment led the Middle East and Latin America pet food market, owing
to the low pricing and ease of handling. In addition, dry pet food
can be stored for a longer period in comparison with the other types,
resulting in an increased demand for dry pet food throughout the
forecast period.
On
the other hand, the nutritious pet food segment is anticipated to
grow at a fast pace in the next few years. In the Middle East pet
food market, the nutritious segment is projected to register a 16.80%
CAGR between 2014 and 2020. In the Latin America pet food market, the
nutritious segment is estimated to log an 8% CAGR between 2014 and
2020. The rapid growth of this segment in both the regions can be
attributed to the rising demand for food with fewer chemicals and
synthetic ingredients and the growing pet health concerns of owners.
Moreover, the growing prevalence of diseases including Lyme disease
and canine parvovirus infection among pets is further expected to
drive the nutritious food segment in the two regions.
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By
geography, the Middle East pet food market has been segmented into
UAE, Israel, and others. On a similar note, the Latin America market
for pet food has been segmented into Argentina, Brazil, and others.
As per the report, the Middle East market for pet food is estimated
to witness rapid growth due to the growing adoption of pets along
with the increasing efforts of pet owners to offer quality food to
their pets. On the other hand, the Latin America market for pet food
is estimated to witness sluggish growth in the next few years.
Furthermore,
the research report talks about the competitive scenario of the pet
food market in the Middle East and Latin America. Detailed company
profiles, business strategies, financial overview, mergers and
acquisitions, and SWOT analysis of the leading players have been
included in the research study. The prominent players operating in
the Middle East and Latin America pet food market include Nestle
Purina PetCare, Royal Canin, Pedigree, Whiskas, Procter and Gamble,
and Mars Petcare Inc.
Key
Segments of the Pet Food Market:
Pet
Food Market, by Pet Type
- Dog Food
- Cat Food
- Others
Pet
Food Market, by Pet Food Type
- Dry Food
- Wet/Canned Food
- Nutritious
- Snacks/ Treats
- Others
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