Middle East and Latin America Pet Food Market Driven by Increased Preference for Nutritious Food Products

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.

Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4365

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.

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.

Asia Pacific Pet Food Market Driven by Increasing Purchasing Power & Rapid Urbanization

According to a new market report published by Transparency Market Research “Pet Food Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” the asia Pacific pet food market was valued at USD 9,100.0 million in 2013 which is expected to reach USD 10,720.0 million by 2020, growing at a CAGR of 2.3% from 2014 to 2020. In terms of volume the pet food market in Asia Pacific was valued at 688.6 kg million in 2013 and is expected to reach 803.3 kg million by 2020, growing at a CAGR of 2.1% from 2014 to 2020.

The pet food market in terms of pet type has been segmented into dog food, cat food and others. The dog food segment held the largest market share in the pet food market in Asia Pacific. Increasing disposable income and rising trend for nuclear family are some of the major factors fueling the demand for dog food in Asia Pacific. However, the others segment including fish food, reptile food, bird food and other small animals is one of the fastest growing segments in Asia Pacific.

In addition, the pet food market can be further segmented in terms of food type into: dry food, wet food/canned food, nutritious food, snacks/treats and others. The dry food segment held the largest market share in Asia Pacific. Ease of handling and lower prices of dry food as compared to other food types is one of the major factors fueling the demand for dry food in Asia Pacific. However, the nutritious food segment is the fastest growing segment in Asia Pacific. Increasing awareness about pet health is one of the major factors fueling the demand for nutritious food.

Make an Enquiry @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4306

The Asia Pacific pet food market is further segmented by country into China, India, Japan, Australia, South Korea and rest of Asia Pacific. Japan is one of the major markets for pet food in Asia Pacific. Increasing trend for nuclear family and demand for small pets is one of the major factors fueling the demand for pet food in Japan. However, with smaller dwelling places the pet food market in Japan is expected to experience stable growth throughout the forecast period.

However, India is the fastest growing market for pet food in Asia Pacific. Increasing demand for companionship and awareness about pet health are some of the major factors fueling the demand for pet food in India. In addition, China is having huge potential for pet food owing to increasing number of pets. China has largest population of dogs as pets globally. Owing to these factors, there is huge untapped potential in pet food market in China. The average selling price (ASP) of snacks/treats segment was the highest in Asia Pacific followed by nutritious food segment.

The pet food market is dominated mostly by major manufacturers such as Nestle S.A., Mars Inc., Procter & Gamble Co. and Colgate-Palmolive Co. among others. However, the local players are still trying to enter these markets due to brand loyalty of the consumers.

Asia Pacific Pet Food Market: By Pet Type

• Dog Food
• Cat Food
• Others

Asia Pacific Pet Food Market: By Food Type

• Dry Food
• Wet Food/Canned Food
• Nutritious Food
• Snacks/Treats
• Others

Asia Pacific Pet Food Market: By Country

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific 

Europe Pet Food Market Driven by Rising Trend Amongst People for the Adoption of a Variety of Pets

Global Pet Food Market: Snapshot

Europe has emerged as a prominent market for pet food across the world, thanks to the increasing number of pet owners in this region. The rising trend for nuclear family and the high disposable income of consumers have been leading to a positive growth of the Europe market for pet food. The increasing need for pet specific products across Europe is also reflecting on the demand for pet food products in European countries. A varied range of distribution channels, such as supermarket/hypermarket, online stores, and dollar stores, sell pet food products across this region.

In 2014, the Europe market for pet food was worth US$25.70 bn. Progressing at a CAGR of 1.30% during the period from 2015 to 2021, the opportunity in this market is anticipated to increase to US$28.14 bn by the end of 2021. The rising awareness among people pertaining to pet health will drive this market substantially over the next few years.

Demand for Cat Food to Remain Strong

The Europe market for pet food is broadly evaluated on the basis of the type of pet and the type of pet food. Based on the type of pet, the market is classified into dog food, cat food, and various other food consumed by birds, fish, reptiles, and other small animals. The demand for cat food has been higher in Europe. Researchers expect the cat food segment to continue to witness stable growth over the next few years. The rising popularity of small pets in this region is the main factor behind the high demand for cat food in Europe. Other pet foods, such as fish food, bird food, and reptile food, are also predicted to experience an increasing demand in the years to come.

By the type of food, the market is categorized into nutritious food, wet/canned food, dry food, snacks/treats, and other types of food, including raw meat. Currently, dry food enjoy the most prominent demand among pet food in Europe. The trend is anticipated to remain so over the next few years. The demand for nutritious pet food is also projected to report an upswing in the near future, thanks to the increasing level of awareness regarding its benefits on the health of pets.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4390

Spain to Report Strong Growth Pace

The Europe market for pet food registers its presence across the U.K., France, Netherlands Germany, Spain, Italy, and the Rest of the Europe. The U.K. has surfaced as the leading pet food market in Europe in the recent times; however, it is expected to witness a sluggish rise in the years to come. Spain, on the other hand, will display a higher growth pace over the next few years, thanks to the rising count of pet owners in this country. Italy, France, and Netherlands will also report a healthy rise in their respective markets for pet food in the near future.

At the forefront of the Europe market for pet food are Pedigree Whiskas, Purina, Nutro, and Cesar. Other prominent pet food vendors across Europe are Mars Inc., Colgate-Palmolive, Nestlé S.A., Big Heart Pet Brands, and Affinity Petcare.

Asia Pacific Pet Food Market Driven by Growing Acknowledgement of the Benefits of High-Quality Pet Food

The rising concern for the health of pets, growing acknowledgement of the benefits of high-quality pet food, increase in palatability of pet food, and increase in pet population are some of the major factors driving the pet food industry across the globe. The pet food industry forms a part of the animal feed industry and includes animal or plant material intended for pet consumption.

Pet food products are made available through a variety of distribution networks such as hypermarkets, supermarkets, and online stores, among many others. This report on the pet food market is an extensive research study on the overall market, including the competitive analysis and perspectives needed in terms of geography, type of pet, class of pet food, as well as by key manufacturing and retailing issues such as packaging innovations, formulation trends, ingredients, and online retailing.

The research study analyzes the pet food market in Asia Pacific and estimates the market in terms of revenue (US$ million) from 2014 to 2020. It also analyzes the market by volume from 2014 to 2020 and includes some of the major current market trends and their impact on the overall market over the forecast period. In addition, the report includes analysis of the average selling price (ASP) in various pet food product segments across various countries. Through value chain analysis, insights from leading players, and explanation of the macroeconomic factors influencing and inhibiting the growth of the market, the report will help suppliers, manufacturers, and distributors understand the present and future trends in the pet food market and formulate their strategies accordingly.

Overview of the Pet Food Market

Health and well-being are prime factors affecting the development of the global pet food market, as pet owners look for healthier options when selecting the right type of food for their pets. As millions of homeowners across the U.S. and Europe are increasingly adopting pets such as dogs or cats, there has been an increase in spending on pet food products in the past few years. Due to this factor, the commercial pet food industry is rapidly expanding in major regions of the world.

For more information on this report, fill the form @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4306

According to a market study by Transparency Market Research, the pet food market in Asia Pacific was valued at US$9,100.0 mn in 2013 and is expected to reach US$10,720.0 mn by 2020, rapidly growing at a CAGR of 2.30% from 2014 to 2020. By volume, the market totaled 688.6 kg mn in 2013 and is anticipated to reach 803.3 kg mn by 2020, increasing at a CAGR of 2.10% from 2014 to 2020.

Increasing awareness about pet health is one of the major factors fueling the demand for nutritious pet food in Asia Pacific. The nutritious food segment is expected to be the fastest growing segment within the pet food market. It is expected to reach US$361.3 million by 2020.

Another dominant segment within the pet food market is the dry food segment, which held the largest share in the global pet food market in Asia Pacific. This segment is rapidly growing due to the ease of handling and lower prices of dry food as compared to several other types of pet food available in local Asian markets.

Among the various countries in Asia Pacific, such as Australia, China, India, South Korea, and Rest of Asia Pacific, Japan leads the pet food market in terms of growth and demand. The demand for small pets and the increasing preference for nuclear families are the main factors fueling the demand for pet food in Japan. This demand is expected to grow throughout the 2014-2020 forecast period.

Companies mentioned in the research report

The pet food market in Asia Pacific is dominated by some of the major brands operating in this region as well as across the globe. Due to the brand loyalty of existing consumers, the local players are still expected to enter the market in the near future. This report profiles Procter & Gamble Co., Nestle S.A., Mars Inc., and Colgate-Palmolive Co. as the key players of the pet food market in Asia Pacific.

Asia Pacific Pet Food Market: By Pet Type

• Dog Food
• Cat Food
• Others

Asia Pacific Pet Food Market: By Food Type

• Dry Food
• Wet Food/Canned Food
• Nutritious Food
• Snacks/Treats
• Others

Asia Pacific Pet Food Market: By Country

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Pet Food Market Driven by Changing Lifestyle & Rising Level of Disposable Incomes

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.

Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=489

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.

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)

Pet Food Market in Asia Pacific to reach US$10,720.0 million Propelled by Rising Disposable Incomes

Pet food is animal or plant material that is used for consumption by pets. These products are sold through a variety of distribution channels. However, these products are primarily made available in supermarkets and pet stores. The global pet food market offers specific food, which can be categorized as dog food, bird food, fish food, and cat food among others. A major proportion of the meat that is made available as pet food is not of human grade. These materials are generally byproducts of the human food processing industry.

View exclusive Global strategic Business report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4306

Increasing purchasing power, rapid urbanization, and changing lifestyle are some major factors fueling the demand for pet food in the Asia Pacific region. Apart from this, increasing preference of the population for a nuclear family has also fueled the adoption of pets in Asia Pacific. Moreover, rising awareness about pet health has further augmented the demand. Due to both these factors, the demand for nutritious pet food as compared to ordinary pet food has increased considerably in the last few years. In addition, a number of regulatory issues, rising cases of pet allergies in humans, and growing obesity among pets are some of the major factors boosting the demand for pet food in Asia Pacific.

Dog Food Segment Remains Dominant

The Asia Pacific pet food market in terms of pet type is segmented into dog food, cat food, and others. The others segment includes bird food and fish food. The dog food segment holds the most prominent chunk of the market share and is expected to swell to 61.1% by 2020. The dog food segment was nearing a valuation of US$6.0 bn by the end of 2015.

Currently, there are several kinds of dog feed available in the market, which include dry, wet or canned, nutritious, and treats. Increasing awareness about pet health is one of the major factors fueling the demand for dog food in the Asia Pacific. Moreover, changing lifestyle and rapid urbanization is also expected to boost the demand during the forecast period. Additionally, the percentage of dogs as pets has increased considerably in the region in recent past. In India, the dog population had increased to about 58.1% by 2013 and similar trend has been observed in markets of Australia, China, and South Korea.

India Emerging as Most Lucrative Market

Japan is one the major markets for pet food in Asia Pacific, and is expected remain the dominant market during the forecast period, reaching a market share of 36.5% by the end of 2020. This dominance in demand from Japan is attributed to apartment-culture, which is the most common type of domicile in Japan. Because of this, Japanese consumers tend to prefer smaller pets. Australia is second most prominent market for pet food in Asia Pacific, which is due to considerable increase in pet ownership in the country in recent years. A large number of households are switching to pets for security and recreational purposes. However, the demand for pet food is also expected to increase at a fastest rate in the countries of India and China.

The pet food market in Asia Pacific is dominated by a few major brands that operate globally, such as Mars Inc., Nestle S.A., Colgate-Palmolive Co., Procter & Gamble Co., Del Monte Foods Co., Agrolimen S.A., and Unicharm Corporation. However, stiff country-wide competition is prevalent from smaller players. For example, Purina Friskies in Japan, Whiskas in Australia, Pedigree in India, and Royal Canin in South Korea.

Pet Food Market - Global Scenario, Trends, Industry Analysis, Forecast 2011 - 2017

The global market for pet food is growing steadily and is considered as one of the fastest growing food industry segments. Smaller families, increasing disposable incomes, decreasing birth rates, and many more factors are leading to the increasing adoption of pets in families. Increasing adoption of pets and their growing importance in homes is mainly driving the market for pet foods globally. Advancement in pet food packaging techniques and innovations in specialty and premium pet food products are expected to propel the growth in larger markets such as U.S., Europe and Japan. Focus on nutritive and functional pet food, and shift in preference for dry pet food are some key determinants for the growth of pet food industry in developing economies.

Request a Brochure of this Report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=489

The world market for pet foods is dominated by North America accounting for around 40% of the total pet food market. Emerging economies like India, China, and Brazil are considered future pet food markets due to the growing importance of pets with the trend of nuclear families in these regions. The pet food market is deeply influenced by recent trends in the human food industry as pet owners prefer the best quality food for their pets. As a result, the global market for pet foods is steadily shifting towards healthier, more nutritious and organic pet foods.

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.

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.

Global pet food manufacturers are responding to the increasing requirements of better quality pet food products as owners believe that food they give to their pets should be as good as they have themselves.

Increasing problems of obesity in pets due to consumption of pet food with high fat content, and rising incidence of pet allergies to humans due to pets are some challenges to the growth of this industry.

Growing Awareness Regarding Pet Health to Boost Demand for Pet Food in Asia Pacific, Reports TMR

The presence of a number of large-scale companies, such as Nestlé, Procter & Gamble Co., Mars Inc., and Colgate-Palmolive Co. points towards a high degree of competition within the in Asia Pacific pet food market, finds a report by Transparency Market Research (TMR). Regional pet food producers are facing great difficulties in gaining a foothold in this market due to the loyal customer base these brands have created.

The Asia Pacific market for pet food presented an opportunity worth US$9.1 bn in 2013, states the report. Analysts at TMR project this market to expand at a CAGR of 2.30% during the period from 2014 to 2020 and increase to US$10.7 bn by the end of the forecast period. In terms of volume, the market is likely to reach 803.3 kg million by 2020. Dog food registered a higher demand than other pet food in 2013. With a CAGR of 2.40% between 2014 and 2020, the segment is expected to remain dominant throughout the forecast period.

View exclusive Global strategic Business report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4306

Rising Demand for Pet Food in China and India to Affect Japan Pet Food Market

Based on the geography, the Asia Pacific pet food market has been spread across Japan, China, South Korea, Australia, India, and the Rest of Asia Pacific. Among these, Japan has surfaced as the leading consumer of pet food, thanks to the high awareness level regarding pet health.

In 2013, the country held a share of 41.1% in the overall market. However, in the near future, the demand for pet food is likely to escalate significantly in India and China, impacting the Japan pet food market negatively. The changing lifestyle of consumers is anticipated to boost the demand for pet food in China and India, which are expected to report a CAGR of 8.0% and 12.50%, respectively, between 2014 and 2020.

Increase in Awareness Levels regarding Pet Health Fuels Demand for Pet Food

“Keeping a pet and spending on its care have a cultural as well as social importance in Asia Pacific, leading to a high count of pets here,” states an analyst. Due to the growing awareness pertaining to pet health, together with the increasing disposable income of consumers, the demand for pet food in Asia Pacific has been witnessing a tremendous rise and is expected to remain increasing over the coming years.

Apart from this, the increasing palatability of pet food products, due to the intensifying competition between producers, is also attracting a significant amount of demand, leading to a remarkable growth in this market in the long term.

Growing Trend of Smaller Pets to Limit Pet Food Consumption

Although representing a bright future, the pet food market in Asia Pacific is anticipated to face quite a few hurdles during the forecast period. The main among them is the growing trend of smaller pets. As smaller pets require less amount of food, the consumption will reduce automatically, causing an adverse impact on the Asia Pacific pet food market in the near future. Other than this, stringent government rules implemented to regulate the quality of pet food are also projected to hinder the growth of this market considerably over the next few years, states the research report.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Pet Food Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”

The Asia Pacific market for pet food is segmented into:

By Pet Type

• Dog Food
• Cat Food
• Others

By Food Type

• Dry Food
• Wet Food/Canned Food
• Nutritious Food
• Snacks/Treats
• Others

By Country

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Increasing Spending Power of the Middle Class Drives Asia Pacific’s Booming Pet Food Market

Multinational companies have long aimed to the large number of Asian households and their need for various goods and services. On the basis of daily spending levels of US$2-US$20, the Asian Development Bank estimates 56% of the population could be regarded as middle class in 2002, representing a significant growth from only 21% in 1990. Thus, the proportion of middle-class spenders is rising at an unwavering pace.

With rising incomes comes the financial ability to splurge on luxuries such as pets. The pet population in Asia Pacific has been growing at a steady rate over the last decade and more, leading to pet food manufacturers increasingly looking at APAC as the market of the present and future.

With Australia and New Zealand included, where pets outnumber humans, Asia’s total pet population totaled to approximately 488 million in 2011, which makes for a whole lot of pet food. Asia Pacific makes up a significant chunk of this pet population, thanks to the growing figures in Australasia, India, and China. Additionally, with growing wealth and busy lifestyles, couples tend to have fewer children, which is another reason why pets are becoming more popular.

How is Japan a Strong Contender in Pet Food Market in Asia Pacific?

Amongst all the APAC national markets for pet food, Japan is the largest, where more and more people consider pets to be family members, which translates to more business opportunities for pet food manufacturers. With apartments becoming the most popular type of residence in Japan, dogs and cats, particularly smaller breeds, are the most popular pets.

However, it appears that the dog and cat populations in the country have reached their maximal level. In 2008, the combined dog and cat population was 24 million in Japan, which diminished to 20.7 million in 2011. This drop of almost 14% can be attributed to higher life expectancy of pets due to availability of better food and living conditions.

In general, there is less interest in ‘other’ pets in Japan. Due to alarming concerns about avian (bird) flu, the import of birds into Japan is restricted; hence, the number of pet birds, approximated at 3.7 million in 2006, dropped to 2.3 million in 2011. Although the adoption of small reptiles and small fish rose in 2010 and 2011 as compared to the late 2000s, it remains a relatively small market.

Request a Brochure of this Report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4306

Transparency Market Research (TMR) offers insights into what the pet food market in Asia Pacific will look like in the coming years:

• The dog food segment holds the largest market share and is estimated to reach US$6,554.2 million by 2020.
• The others segment, which includes bird food, reptiles, fish food, and other small animals will exhibit the fastest growth at a CAGR of 2.7% from 2014 to 2020.
• Ease of handling and low price account for high demand for dry pet food in Asia Pacific.
• Increasing awareness about pet health will lead the nutritious food segment to reach US$361.3 million by 2020.
• With a large proportion of the Japanese population choosing not to have children, pets are increasingly considered as a substitute, which is encouraging a “pampered pet’ industry. This accounts for Japan to become one of the largest markets for pet food in Asia Pacific.
• Changing lifestyles and growing trend of nuclear families in India is leading to higher demand for pets in India, which in turn is helping the pet food market in the country.

Europe Pet Food Market to Reach US$28,146.1 Million by 2021 owing to Rising Awareness on Pet Health

The Europe pet food market is expected to exhibit a moderate CAGR of 1.30% within a forecast period from 2015 to 2021. The market was recorded at US$25.7 bn in 2014. By the end of 2021, the Europe pet food market is expected to reach US$28.1 bn, as stated in a research report released by Transparency Market Research, titled “Pet Food Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.” The report provides an accurate analysis of the macro and micro factors that influence this market, including socioeconomic factors.

The pet food being manufactured in Europe is rapidly diversifying. Manufacturers are paying more attention to the increasingly diverse types of pets that people are keeping. In addition to the type of pets, more and more people are becoming aware of the differences in nutrition and food intake for different breeds of cats and dogs, thus increasing the scope of growth for the pet food market.

According to the report, the key driver of the Europe pet food market is the increasing number of dog owners in this region, coupled with the higher awareness towards pet health and nutrition. All countries in the Europe pet food market are considered major areas for growth.

The Europe pet food market is segmented according to food type, pet type, and country, for the sake of a simpler yet descriptive grasp over the market dynamics.

On the basis of food type, the Europe pet food market is being led by the dry food segment. This segment is expected to be valued at US$11.1 bn by the end of the report’s forecast period. Meanwhile, the fastest-growing food type segment is nutritious food, exhibiting a CAGR of 2.70% in the given forecast period.

In terms of pet type, the Europe pet food market was dominated by the cat food segment in 2014, when it was valued at US$11.9 bn. It is expected to maintain its leading position throughout the report’s forecast period. The others segment is expanding at the fastest CAGR of 2.0% from 2015 to 2021.

The report considers seven major regions in the Europe pet food market. Among these regions, the U.K. held the largest share in the market in 2014. The report, however, states that the U.K. pet food market is expected to show a very slow growth rate, owing to a saturated market, with most consumers opting for top and credible players.

Request a Brochure of this Report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4390

On the other hand, Spain is showing a rapid growth rate in the Europe pet food market. It is exhibiting a CAGR of 1.90% in the given forecast period. Spain is showing a rapid growth rate due to the rapidly increasing consumer awareness about different types and brands of pet food.

Another region considered as a prime location for sales in the Europe pet food market is Italy. However, market saturation and high inflation rates are causing Italy to progress at a CAGR of just 0.1% from 2015 to 2021.

The key players in the Europe pet food market are Pedigree Whiskas, Nutro, Cesar, Big Heart Pet Brands, Purina, Colgate-Palmolive, Affinity Petcare, and Nestle S.A.

Key segments of the Europe Pet Food Market

Europe Pet Food Market: By Country

• U.K.
• Germany
• France
• Italy
• Spain
• Netherlands
• Rest of Europe

Europe Pet Food Market: By Pet Type

• Dog Food
• Cat Food
• Others

Europe Pet Food Market: By Food Type

• Dry Food
• Wet Food/ Canned Food
• Nutritious Food
• Snacks/Treats
• Others

Global Pet Food Market to Expand at Modest CAGR of 4.2% from 2011 to 2017 due to Rising Pet Ownership

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.

Request a Brochure of this Report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=489

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

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com