Pet Bird Food Treats Market | Current Stats and Future Trends 2020-2030
The global market for pet bird food treatments is estimated at US$345 million in 2018 and is expected to expand at a CAGR of 6.3% during the forecast period to reach a market value of approximately US$700 million by 2030. Many pet bird foods and related ingredients are considered to be a major cause of skin diseases and allergies in pet birds. Some of the key aspects that result in inefficient health and diseases in pet birds are civilizing pet birds and unselective feeding of food products. Proper control of the ill effects of treatment in the form of allergies is vital to the overall growth of the food processing industry of global pet birds. The key industry challenge is to find and avoid harmful food ingredients that are responsible for gastrointestinal and skin conditions, diseases, and allergies. In pet food markets, more so for developed countries, the shift in “pet ownership into parenting” was a very crucial and determining trend. In the developed countries, over one third of the households have a pet. Pet owners traditionally fed the remains and scrap from family meals to their animals. However, consumers are aware that pet food and homemade food consist of separate nutritional elements and that as part of an adequate diet, animals should be fed a variety of foods.
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It is expected that the imminent market for pet food and treatments for birds will continue to be embedded in healthy and natural ingredients with a major emphasis on wellness and functional formulas. The increasing development and urbanization of professional and economic buildings are the main reasons for the growing trend in nuclear families. The rising urban nature in society that separates pet birds from nature, drives the need to bring home pet birds. The company, social comfort, pet birds’ aesthetic sense and security are the key elements behind owning a pet. Increasing pet adoption is therefore expected to further drive the market for food treatments for pet birds across the globe. Buyers search for products grown locally or naturally or that have digestive advantages. So the sales of premium and of specialized pet foods are therefore no surprise in comparison to the sales of medium-sized products. In addition, the trend towards the humanization of pets led to a rise in the awareness and has led to a demand for pet food free of sugars, grains and dyes.
The global pet bird food treats market is segmented on the basis of type, application and geography. Based on type, the global pet bird food treats market is segmented into wet and dry. Based on application, the global pet bird food treats market is sub-segmented into parrot and other. Geographically, the global pet bird food treats market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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Major players operating in the global pet bird food treats market include Group Depre, Heristo AG, Italcol, Kent Corp., Natural Balance Pet Foods, Laroy Group, Deuerer, Grupo Pilar and C.J. Foods among others.