According to IMARC Group’s latest report, titled “Pet Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global pet food market reached a value of US$ 108 Billion in 2020. Pet food refers to commercially available food formulated for consumption by domesticated animals. It is generally prepared by combining agricultural and animal-feed grade ingredients, including meat, fish, cereals, vegetables, feed grain by-products, etc. These foods are a rich source of minerals, vitamins, proteins, carbohydrates, etc., which help in meeting the dietary and nutritional requirements of pets. Their consumption provides various benefits, such as improved metabolism, prevention of diseases, maintaining the quality of the pet’s skin and fur, etc.
Request for a PDF sample of this report: https://www.imarcgroup.com/pet-food-market/requestsample
The rising number of pet owners and emerging trend of pet humanization are primarily contributing to the growth of the pet food market. Moreover, growing concerns towards pet health are further augmenting the demand for food products that aid in combating skin allergies and infections and improving the overall health and life expectancy of pets. In line with this, several key players are offering more innovative products to ensure palatability and meet the nutritional requirements specific to the breed, age, and size of pets. Additionally, numerous pet food associations and federations are implementing strict legislations for manufacturers to produce safe and high-quality pet food. Besides this, the increasing consumer preferences for natural formulations and the emergence of organic variants are further expected to drive the market growth over the forecast period. Looking forward, IMARC Group expects the global pet food market to grow at a CAGR of 4.3% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Mars Petcare Inc.
- Nestlé Purina Pet Care
- Hill’s Pet Nutrition
- The J.M. Smucker Company
Breakup by Pet Type:
- Dog Food
- Cat Food
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/pet-food-market
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800