Humanization of pets is boosting the growth of global pet food market

Information about Humanization of pets is boosting the growth of global pet food market

Published on February 12, 2019

Author: gmiresearch

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slide 1: Humanization of pets is boosting the growth of global pet food market -GMI Research Posted by Sarah Nash October 22 2018 in Chemicals Food The global pet food market size was valued at USD 47234.1 million in 2017 and is projected to reach USD 68759.1 million by 2025 growing at a CAGR of 4.9 during 2018–2025. The key factors boosting the market growth are growing pet population and pet adoption humanization of pets and rising demand for nutritious and high quality food for the pets. Download Sample Brochure : https://www.gmiresearch.com/sample-research- report.phprid143 slide 2: Globally the pet food market is driven by the dog food market followed by cat food market In 2017 global pet population was more than 189.0 million out of which about 47.0 of the pets were cats. People in Europe and America prefer adopting cats. In 2017 dog pet food held the highest share in global pet food market and is expected to continue to dominate the market during the forecast period as well. Ease of order and delivery are few factors which are encouraging the pet owners to order pet food through online stores. The online stores are expected to grow at an estimated CAGR of 5.6 during the forecast period. “The growing humanization trend and urbanization are encouraging the pet owners to spend more on their pets specifically on food. Today the pet owners are more concerned of spending their money on their pets’ food high-end accessories and medical treatment. It is anticipated in coming years the pet food market will be witnessing significant growth in birds and fish food products.” —-GMI Research Based on geography North America held the largest share in the market in 2017 due to the increased pet food spending specifically in the US with dogs’ food having the lion’s share in North America pet food market. Asia-Pacific is expected to be the fastest growing pet food market during the forecast period. Specialized pet food stores and hypermarkets are experiencing a significant growth in the region. China South Korea and India are the countries which are driving Asia Pacific pet food market. Key takeaways • In 2017 dog pet food had the largest share of in the global pet food market. • The online stores are expected to grow at a CAGR of 5.6 during the forecast period. slide 3: • Fats and additives are the fastest growing food category majorly driven by birds and fish food. • Dry Foods are popular among dogs. In 2017 dry foods held the largest share in global pet food market. • Players such as Mars Petcare Nestlé Purina PetCare and Hill’s Pet Nutrition are the leading pet food market players they collectively captured around 70.00 share in global pet food market in 2017. Some of the key players operating in global pet food market include Mars Petcare Inc. Nestlé Purina PetCare Hill’s Pet Nutrition J.M. Smucker Diamond Pet Foods Blue Buffalo Deuerer Omega Protein Corporation and Nutriara Alimentos Ltd. The global pet food market has been segmented based on pet type point of sale food type food category and key geographies. Based on pet type the market has been segmented into dogs cats fish and birds. Based on point of sale the market has been segmented into online hypermarkets and specialized retail stores. Based on food category the market has been segmented into meat cereals vegetables and fruits and fats and additives. The meat food category includes fresh meat and frozen meat. The cereals food category includes corn and cornmeal wheat and wheat meal barely and rice and others. The vegetables and fruits food category include potatoes carrots soybean and soybean meals fruits and others. The fats and additives food category include fish oil poultry fat vitamins and minerals and others. The research report “global pet food market” provides in-depth analysis of pet food market across the globe based on pet type the point of sale food type food category and key geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides slide 4: market size and forecast for the pet food market. The report also analyses the competitive landscape major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market. For Sample Pages Detailed Report Description Visit : https://www.gmiresearch.com/report/global-pet-food-market-share-trends- growth-opportunities-forecast-insights.html About US GMI Research is a market research and consulting firm which provides research- based solutions to business executives and investment professionals so that they can make right business investment decisions faster based on real facts. We help business leaders through independent fact-based insight ensuring their business achieve success by beating the competition. Contact – Sarah Nash Level 1 The Chase Carmanhall Road Sandyford Industrial Estate Dublin D18 Y3X2 Ireland U.S Office +1 860 881 2270 Europe Office +353 1 442 8820 Email: salesgmiresearch.com

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