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“The Global Pet Feed Market is expected to reach US$ 90.1 Bn by 2025 owing to increasing adoption of pets and growth in R&D for the development of newer products”

The global pet feed market is expected to reach US$ 90.1 Bn by 2025. The global pet feed market is driven by up surging disposable income of people, growing adoption of pet animals, increasing awareness among the people about the quality pet foods, and humanity towards pet animals. Besides, the market players are presenting high quality food for the pets to take care of the health and wellness of the pets. Moreover, promotion of new products, resolutions and novelties in the development of pet food products are anticipated to enhance the sale of the global pet food market. Accessibility of benefits related with dry organic and natural pet food is expected to stream the product demand. Mounting dog food demand along with higher grip in finest pet food segment is predicted to boost the pet food market over the forecast period. On the contrary, high cost of the products and lack of awareness about the benefits of pet feed is hampering the market growth in under developed and developing countries.

 

Global pet feed market is segmented on the basis of product type, animal type, distribution channel, and region.

 

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Dogs Dominate the Global Pet Feed Market

 

Based on the animal type, global pet feed market is segmented into dogs, cats, and other pet animals. Dogs dominated the global pet feed market due to the growing trend of dog adoption as a mate for families. Predominantly dogs are beholding an upward trend in relations of the notion of humanization of pets. This has caused in an amplified number of people possessing dogs and feeding them with finest food.

 

North America Leads the Global Pet Feed Market

PBI’s global pet feed market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global pet feed market through 2014-2018 and expected to dominate over 2019-2025 due to occurrence of large number of market players in the region and growing adoption of cats and dogs in United States. Additionally, expanding awareness among the people regarding the health awareness of the pet animals is expected to upturn the growth of the market over the forecasted years. Besides, launch of new products and alertness campaigns on the health benefits of pets are anticipated to propel the growth of the pet feed market. Europe and Asia Pacific region are expected to grow at a noteworthy rate over the forecast years owing to increase in pets adoption and humanity towards pets and rising ingesting of prescription foods in Asia Pacific region. Moreover, Asia Pacific, directed by China, Japan, India, and South Korea, arose as one of the major pet food markets through the globe in 2018. Europe is reflected as a major market for quality and customer driven pet food. Conferring to the European Pet Food Industry Federation (FEDIAF), approximately 80 million households through Europe possess at least one pet.

Launch of newer products, and strategic alliances are the key strategies adopted by market players

 

Global pet feed market further reveals that the key player’s increasingly adopting strategies such as launch of newer products, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.

 

• Furthermore, in January 2018, Mars Petcare announced their acquisition of Genoscoper Laboratories.
• Additionally, in February 2018, General Mills, Inc. and Blue Buffalo Pet Products, Inc. entered into a an agreement under which General Mills acquired Blue Buffalo for approximately US$8 billion, or US$40 per share in cash.
• For instance, in April 2018, United Petfood, a Belgium-based producer of pet food, has acquired the Dutch pet treat company Animal Lovers.

Key player’s profiles in the report are Nestle Purina Pet Care Company (USA), Mars Petcare (USA), Big Heart Pet Brands (USA), Diamond PetFoods (USA), United Petfood (USA), Hill’s Pet Nutrition (USA), General Mills, Inc. (USA), WellPet LLC. (USA), Blue Buffalo Co., Ltd. (California), Heristo Aktiengesellschaft (Germany), Affinity Petcare (Barcelona), and Nisshin Pet Food (Japan).

 

Precision Business Insights (PBI) in its report titled “Global Pet Feed Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

 

Detailed Segmentation

 

By Product Type

• Weight Management
• Skin and Food Allergies
• Digestive Care
• Kidney Care
• Osteoarthritis
• Others

 

By Animal

• Dogs
• Cats
• Other Pet Animals

 

By Distribution Channel

• Veterinary Centers
• Online Pharmacies
• Others

 

Geography

 

• North America

• USA
• Canada

• Europe

• Germany
• France
• UK
• Italy
• Spain
• Russia
• Poland
• Rest of Europe

• Asia-Pacific

• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific

• Latin America

• Brazil
• Mexico
• Argentina
• Rest of Latin America

• Middle East and Africa (MEA)

• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

 

 

 

For More Information:

https://www.precisionbusinessinsights.com/market-reports/global-pet-feed-market

 

 

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