Global Pet Food Market Anticipated to Grow at a CAGR of 5.6% during 2016-2024

Posted on 2018-11-29 by Goldstein Research in Consumer Services // 0 Comments

New York, USA, 2018-Nov-29 — /EPR Network/ —According to Goldstein Research, the global pet food market is expected to reach USD 85.4 billion by 2024, growing at a CAGR of 5.6% over the forecast period 2016-2024. Major driving factor for the expansion of the pet food market is the increased awareness of pet nutrition and growing inclination of pet owners towards healthier and safer pet food products. Global pet food market segmentation has been done on the basis of food type, distribution channel, end user and geography. Based on food type, dry foods segment hold the largest market share i.e. 40.1% of the global pet food market owing to its economic viability, ease of storage and longer shelf life. Global pet food market is largely dominated by North America with a market share of 40.4% in 2016 due to the rising demand for nutritious pet food. Whereas APAC is projected to witness a robust growth with a CAGR of 7.3% over the forecast period.

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Market Segmentation

On the basis of our in-depth analysis, Global Pet Food Market can be segmented as follows:

By Food Type

Dry food
Wet food / Canned food
Veterinary food
Treat/Snacks
Organic food
Nutrition food

By Distribution Channel

Online stores
Retail stores
Pet shops
Hypermarkets/Supermarkets

By End users

Dogs
Cats
Others (Fish, Birds, Livestock, etc)

By Region

North America Pet Food Market Analysis, 2016-2024
Europe Pet Food Market Analysis, 2016-2024
Middle East And Africa Pet Food Market Analysis, 2016-2024
Latin America Pet Food Market Analysis, 2016-2024
Asia Pacific Pet Food Market Analysis, 2016-2024
Rest Of The World Pet Food Market Analysis, 2016-2024

“Global Pet Food Market Outlook 2024” contains the detailed overview of the global pet food market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by food type, distribution channel, end user and geography.

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The Global Pet Food Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of pet food market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global pet food market discussed in the report are: Mars Petcare Inc., Nestle Purina PetCare, Hills Pet Nutrition, Blue Buffalo, Big Heart Pet Brands, Spectrum Brands/United Pet Group, Unicharm Corp., Laroy Group, Heristo AG, Deuerer, WellPet, Ainsworth, Diamond Pet Foods, The Nutro Company, Tuffy’s Pet foods, Canine Caviar Pet Foods, Simmons Pet Foods, Nisshin Pet Food Inc.,etc.

Further, the Global Pet Food Market Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Pet Food Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides the complete overview of the market post analysis of the economic, political, environmental & social.

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