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Analysis of Pet Food Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

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The “Pet Food Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Pet Food Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Pet Food market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Pet Food Market Are:

  • Mars Inc.
  • Nestle Purina Petcare
  • Nutriara Alimentos Ltda
  • InVivo NSA
  • Yamahisa Pet Care
  • J.M.Sucker (Big Heart)
  • Wellpet
  • Blue Buffalo
  • Diamond Pet Foods

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    Market Overview:

  • The global pet food market (henceforth, referred to as the market studied) was valued at USD 87.08 billion in 2019 and it is expected to register a CAGR of 5.4% during the forecast period (2019-2024). In 2019, North America is the largest geographical segment of the market studied and accounted for a share of around 39.2% of the overall market.
  • – Pet food industry is one of those industries, which has been performing well, despite the economic downturn. The world’s largest pet food markets are in the United States, France, Japan, and Germany, accounting for over half of the sales in pet food.
  • – According to the Association for Pet Obesity Prevention (APOP), 52.6% of the dogs and 57.6% of the cats in the United States are overweight or obese. This trend of rising obesity among pets mirrors human obesity patterns. As a result, the major players in the pet food market have started to follow human health trends, with foods to support weight loss.
  • – The major constraint identified in the growth of the global pet food market is the issue with the regulatory sys

    Scope of the Report:

  • The pet food market is segmented by animal type (dogs, cats, birds, and other animal types), product type (dry pet food, wet pet food, veterinary diets, treats/snacks, and organic products), ingredient type (animal-derived, plant-derived, cereals and cereal derivatives, and other ingredient types), sales channel (specialized pet shops, internet sales, hypermarkets, and other sales channels), pricing type (economic segment, premium segment, and super-premium segment), and geography (North America, Europe, Asia-Pacific, and Rest of the World).

    Pet Food Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Pet Food market?
    • What are the key market trends impacting the growth of the global Pet Food market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Pet Food market?
    • What are the market opportunities and threats faced by the vendors in the global Pet Food market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Pet Food market?

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    Key Market Trends:

    Rising Trend of Pet Humanization

    The shift in pet ‘ownership’ to ‘parenting’ has been a very crucial and defining trend in the pet food market, more so in the developed countries. Over a third of the households in the developed countries own a pet. Traditionally, pet owners fed their pet the leftovers and scraps from family meals. However, consumers are now becoming aware about that pet food and home-made food consist of separate nutritional elements, and that pets need to be fed a diverse range of food, as part of an adequate diet.

    Buyers are looking for products, which are locally grown, or natural, or have digestive benefits. Hence, it is not a surprise that the sales of premium and specialized pet foods are higher than the sales of mid-priced products. Additionally, the pet humanization trend led to an increase in health consciousness and has generated demand for pet food free of sugars, grains, dyes, and other chemical additives.

    North America Dominates the Pet Food Market

    Increasing pet humanization and pet ownership, the emergence of private label store brands, and growing urbanization are some of the major driving forces propelling the growth of the North American pet food market. The market is driven by heavy influences from human nutrition, which is driving research to better and safer food for pets that have high nutritional and dietary benefits. Additionally, locally-sourced products and ethically-sourced products are propelling the market, due to the small manufacturers extending their presence in the domestic market.

    According to the 2017-2018, National Pet Owners Survey, conducted by the American Pet Products Association (APPA), 68% of the US households (about 85 million families) own a pet. The expenditure on pets in the country increased from 41.2% in 2007 to 69.4% in 2017.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Pet Food Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Pet Food .

    Purchase this Report (Price 4250 USD for single user license) – https://www.industryresearch.co/purchase/14099107

    Report Objectives:

    • Analyzing the size of the Pet Food market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Pet Food market.
    • Determining the key dynamics of the Pet Food market.
    • Highlighting significant trends of the Pet Food market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Pet Food market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Pet Food market.

    Detailed TOC of Pet Food Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Buyers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitutes
    4.4.5 Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Animal Type
    5.1.1 Dogs
    5.1.2 Cats
    5.1.3 Birds
    5.1.4 Other Animal Types
    5.2 Product Type
    5.2.1 Dry Pet Foods
    5.2.2 Wet Pet Foods
    5.2.3 Veterinary Diets
    5.2.4 Treats/Snacks
    5.2.5 Organic Products
    5.3 Ingredient Type
    5.3.1 Animal-derived
    5.3.2 Plant-derived
    5.3.3 Cereals and Cereal Derivatives
    5.3.4 Other Ingredient Types
    5.4 Sales Channel
    5.4.1 Specialized Pet Shops
    5.4.2 Internet Sales
    5.4.3 Hypermarkets
    5.4.4 Other Sales Channels
    5.5 Pricing Type
    5.5.1 Economy Segment
    5.5.2 Premium Segment
    5.5.3 Super-premium Segment
    5.6 Geography
    5.6.1 North America
    5.6.1.1 US
    5.6.1.2 Canada
    5.6.1.3 Mexico
    5.6.1.4 Rest of North America
    5.6.2 Europe
    5.6.2.1 Germany
    5.6.2.2 UK
    5.6.2.3 France
    5.6.2.4 Italy
    5.6.2.5 Spain
    5.6.2.6 Rest of Europe
    5.6.3 Asia-Pacific
    5.6.3.1 China
    5.6.3.2 Japan
    5.6.3.3 India
    5.6.3.4 Rest of Asia-Pacific
    5.6.4 South America
    5.6.4.1 Brazil
    5.6.4.2 Argentina
    5.6.4.3 Rest of South America
    5.6.5 Middle East and Africa
    5.6.5.1 South Africa
    5.6.5.2 Rest of Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Most Adopted Strategies
    6.2 Market Share Analysis
    6.3 Company Profiles
    6.3.1 Mars Inc.
    6.3.2 Nestle Purina Petcare
    6.3.3 Nutriara Alimentos Ltda
    6.3.4 InVivo NSA
    6.3.5 Yamahisa Pet Care
    6.3.6 J.M.Sucker (Big Heart)
    6.3.7 Wellpet
    6.3.8 Blue Buffalo
    6.3.9 Diamond Pet Foods

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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