The
global market for gourmet pet food is predicted to exhibit a healthy
growth curve in the years to come. According to a recent report by
Transparency Market Research (TMR),
the
growing fondness of pets among humans, and their increased tendency
to consider them family is leading to the emergence of this market.
The report, titled, “Gourmet Pet Food Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 -
2025,” throws lights on the structure of the market and discusses
the factors influencing the gourmet pet food market over the forecast
period of 2017 to 2025. The report analyzes factors shaping the size
and valuation of the market in the years to come, along with the
significant industry trends that could impact the market.
Download
PDF Brochure @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=35063
According
to a study by Mintel, Pet Food, 2013, four out of five pet owners
refer to their pet as a member of the family. The pet owners are
increasingly inclining towards purchasing the best quality and
exquisite food products in order to indulge their pets. Gourmet food
is increasingly gaining traction among food connoisseurs. The same
trend is penetrating into the pet food industry, which itself is a
burgeoning and upcoming sector. On account of vendors trying to gain
strategic advantage by product differentiation, gourmet food is
gaining swift uptake as it could be classified and marketed as a
premium product.
Increasing
awareness and concerns related to ensuring that pets remain
unaffected by infections and upset stomachs from traditional pet food
is a key factor fuelling the growth the of the global gourmet pet
food market. Pet parents are increasingly thoughtful regarding their
pet’s health, lifestyle and weight, leading to increased preference
towards low-carb, organic ingredients, and minimally processed food,
fuelling the gourmet pet food market further.
Other
factors driving the market are increasing pet humanization, surge in
consumer involvement, incrementing disposable incomes of people,
marketing strategies adopted by vendors, and higher demand for
customization. While the high cost of gourmet pet food is expected to
hamper the development of the market to some extent, the market is
expected to witness high demand due to increased nuclearity in
families resulting in higher pet adoption.
Geography-wise,
North America is predicted to emerge dominant in the global
gourmet pet food market, on account of substantial population
of pets in the U.S. The high reception of premium pet products in the
region is expected to be a key factor propelling the regional market
in the coming years.
Some
of the prominent players competing in the global gourmet pet food
market are The Honest Kitchen, Lily’s Kitchen, Fromm family pet
food, Bone Appetite Pet Boutique and Bakery, Nestle Purina Pet Care,
The J.M. Smucker Company, Evanger & Merrick Pet Care, and Polar
Pups.
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