Global Pet Food Market was valued at USD 87.21 billion by 2018 which is expected to reach at USD 105.87 billion by 2027 at a CAGR 4.5%.
Latest published report on the Pet Food market, found on the Qualiket Research website revealed a great deal about various market dynamics. These driving factors influence the market from a very miniscule level to its holistic standard and can traverse limitations to assist the market achieve a significant growth rate over the analysis period of 2020-2027.
Request Sample Copy of this Report @ https://qualiketresearch.com/request-sample/Pet-Food-Market/request-sample
Pet food is a special food which is used for animals and it is formulated according to animal’s nutritional needs. Pet food is generally categorized into various types such as Wet/Canned Food, Dry Food, Treats/ Snacks, and Others.
Increase in trend of nuclear families and rapid humanization of pets and rise in awareness of pet health are the significant driving factors which are expected to boost the global pet food market growth. Furthermore, rise in ownership of pets in developing countries will have the positive impact on market growth. Moreover, increase in government initiatives to promote use of safe and healthy food products significantly fuel the market growth in near future. For example, in Japan government had implemented law such as Law No 83 of 2008 for ensuring the safety of pet food products. Such initiatives will fuel the market growth.
However, pet obesity issues and pet recall by companies are the major restraining factors which are expected to hinder the global pet food market growth.
Market Key Players
Various key players are discussed in this report such as Heristo Aktiengesellschaft, Blue Buffalo Co., Ltd, WellPet LLC, Tiernahrung Deuerer GmbH, Hill’s Pet Nutrition, Diamond Pet Foods, Nestle Purina PetCare, Big Heart Pet Brands, The Procter & Gamble Company, and Mars Petcare US Inc
By Pet Type
By Food Type
- Wet/Canned Food,
- Dry Food
- Treats/ Snacks
By Sales Channel
- Internet Sales
- Specialized Pet Shops
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Browse Full Research Report @ https://qualiketresearch.com/reports-details/Pet-Food-Market
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
Research Support Specialist
6060 N Central Expy #500, TX 75204, U.S.A