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Pet Food Market Growth Is Skyrocketing Beyond Predictions

Pet Food Market Growth Is Skyrocketing Beyond Predictions

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Pet Food Market Growth Is Skyrocketing Beyond Predictions

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  1. Pet Food Market Opportunities and Forecasts, 2014 - 2022

  2.  Pet Food Market The global pet food market is emerging at considerable pace owing to the growth in pet ownerships, rise in pet humanization, and surge in need for premiumization, and increased focus on therapeutic and organic pet food products. Increased awareness for ethical treatment of animals and growth in humanization have improved the health and fitness of domesticated animals. Premium organic pet food products, which have the following characteristics including grain-free, low-caloric, high-fiber, and protein-rich content are in high demand among pet owners, owing to their nutritional benefits. Pet owners have shifted their focus from dry and canned foods to organic and therapeutic foods; thereby, ensuring increased product offerings and high profit margins. Increase in pet population has contributed to the burgeoning demand for pet foods. In 2013, the U.S. owned around 88.3 million cats and more than 74 million dogs. Increase in pet ownership is expected to witness stronger year-on-year growth; thereby contributing significantly to the growth of the pet food industry. 

  3.  Pet Food Market Overview:- A recent report published by Allied Market Research, titled, Pet Food Market Global Opportunity Analysis and Industry Forecasts, 2014 - 2022, projects that the global pet food market size is projected to reach $92,747 million, registering a CAGR of 4.1% during 2016 - 2022. Moreover, North America is expected to dominate the global pet food market throughout the analysis period, registering a notable CAGR of 3.8%. The Asia-Pacific region is one of the most important and high potential markets for the pet food industry. The Asia-Pacific region is endowed with mature markets, such as Australia and Japan and has emerging markets such as China, India, Thailand, and others. In addition, Japan is one the major pet food markets in Asia Pacific and is expected to remain dominant during the forecast period, reaching a market share of around 46.6% by the end of 2022. Read more at : https://www.alliedmarketresearch.com/pet-food-market

  4.  Pet Food Market

  5.  Pet Food Market Key Benefits:- • The report includes an in-depth analysis of the global pet food market along with the current trends, drivers, restraints, and growth opportunities. • Porter’s Five Forces model illustrates the potency of buyers and sellers to formulate effective strategies. • Value chain analysis provides a clear understanding of the key intermediaries involved and their respective roles at every stage of the value chain. • Key market players have been profiled to gain an understanding of the strategies adopted by them. • The current trends have been quantitatively analyzed and estimated for the period of 2016‐2022 to highlight the financial competency of the market.

  6.  Pet Food Market Key Finding:- • LAMEA is projected to be the second fastest growing region, in terms of revenue, registering a CAGR of 4.6% during the forecast period. •Internet sales witnessed significant growth in 2014, and is anticipated to grow at the highest CAGR of 7.3%. • The dry food segment was the highest revenue contributor to the global market, with 65.3% share in 2014, and is expected to maintain its dominance throughout the forecast period.

  7.  Pet Food Market Key Players:- • Mars Petcare US Inc., • The Procter & Gamble Company • Big Heart Pet Brands • Nestl Purina PetCare • Diamond Pet Foods • Hills Pet Nutrition • TiernahrungDeuerer GmbH • WellPet LLC • Blue Buffalo Co., Ltd., • HeristoAktiengesellschaft. • Download free Sample Report : • https://www.alliedmarketresearch.com/request-sample/530

  8. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/pet-food-market Follow Us On

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