Animal And Pet Food Global Market Exclusive Report By Industry Growth Insights 2020
The Business Research Company’s latest report Animal And Pet Food Global Market Report 2020 covers Animal And Pet Food market drivers, Animal And Pet Food market trends, Animal And Pet Food market segments, Animal And Pet Food market growth rate, Animal And Pet Food market major players, and Animal And Pet Food market size. The report provides in-depth analysis of the impact of COVID-19 on the Animal And Pet Food industry, along with revised market numbers due to the effects of the coronavirus.
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Animal And Pet Food Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global animal and pet food market is expected to grow from $306.3 billion in 2019 to $315.3 billion in 2020 at a compound annual growth rate (CAGR) of 3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $388.3 billion in 2023.
The global animal and pet food market is segmented by type into pet food manufacturing, animal food manufacturing, by distribution channel into supermarkets/hypermarkets, convenience stores, e-commerce, others, by ingredients into animal derivatives, plant derivatives, synthetic. Subsegments covered are dog and cat food, other pet food, poultry feed, cattle feed, aquaculture feed, other animal food.
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