“Latest Market Overview for Pet Food Market Research Report
Global Pet Food Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Pet Food market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Mars Inc
- Nestle SA (Purina)
- Colgate Palmolive ( Hills Pet Nutrition)
- Uni-Charm Corp
- Nutriara Alimentos Ltda
- InVivo NSA
- Debifu Pet Products Co. Ltd
- Heristo AG
- J.M.Sucker (Big Heart)
- Diamond Pet Foods
- Blue Buffalo
- Merrick Pet Care
- Sunshine Mills
- Ainsworth Pet Nutrition
- Yamahisa Pet Care
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Description of Pet Food Market: The Global Pet Food Market was estimated at a value of about USD 78.76 billion in 2017. The industry is forecasted to register a CAGR of over 5.03% over the forecast period.
Increasing trend of nuclear family
Rapid urbanization and development of economic and professional constructs are the main reasons for the growing trend of nuclear families. The increasing urban nature of the society, which results in separation from farm animals and nature, is stimulating the desire to bring pets home. The market for pet food closely shadows the market for pets. The social comfort, company, security, and the aesthetic sense offered by pets are the main reasons cited for owning a pet.
The growth of one-person households and decline of families have also led to seek pet companionship. People belonging to these social segments are a major boost for the market, as they tend to humanize pets to a great extent, thereby taking extra care of their diet and wellness.
The other aspect of nuclear families is the increase in the population of elderly people living alone. Reduced interaction with family and financial stability are factors, which promote pet adoption and their proper care, among the aging population.
Various pet food and related ingredients can be a major cause of skin diseases and allergies in pets. Humanizing pets and indiscriminate feeding of available food products is one of the major reasons that leads to improper animal health and diseases. For example â cats are 100% carnivores and they lack the enzymes in their stomach to digest complex carbohydrates, like corn, wheat, soy, and other vegetable matter. Though dogs are a little tolerant to vegetation, excessive amounts of corn or wheat can cause allergies. Food allergies/intolerance among pets can be caused by a reaction to a particular ingredient, mostly by protein products, like beef, milk products, and fish.
Hence, safe and suitable pet products should be selected carefully. Other than corn and wheat, some of the other products that should not be a part of animal food are â soy, BHA/BHT, ethoxyquin, propylin glycol, and some by-products. Adding these products only worsens the health of the animal and results in subsequent diseases. To worsen the scenario, there are no strong regulations in the United States on the usage of these ingredients in pet foods. These animals are exposed to harmful chemicals and ingredients, which may cause severe diseases in pets.
Controlling the negative impact of food in the form of diseases and allergies is essential for the growth of the pet food industry. The major challenge here is to find and avoid the food ingredients responsible for skin and/or gastrointestinal conditions, allergies, and diseases.
Pet Food Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Pet Food Market players in detail. Pet Food Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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The Global demand for Pet Food Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Pet Food Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Further, in the Pet Food Market research reports, the following points are included along with an in-depth study of each point:
- Production Analysis– Production of the Pet Food is analyzed with respect to different regions, types, and applications. Here, price analysis of various Pet Food Market key companies is also covered.
- Competitors– In this section, various Pet Food industry-leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
- Sales and Revenue Analysis– Both, sales and revenue are studied for the different regions of the Pet Food Market. Another major aspect, price, which plays an important part in the revenue generation, is also measured in this section for the numerous regions.
- Supply and Consumption– In continuation with sales, this section studies supply and consumption for the Pet Food Market. This part also shelters light on the gap between supply and consumption. Import and export statistics are also given in this part.
- Other analyses– Apart from the above-mentioned information, trade and distribution analysis for the Pet Food Market, contact information of major manufacturers, suppliers and key consumers are also given. In addition, SWOT analysis for new projects and viability analysis for new investment are included.
The growth of this market worldwide is subjected to various factors; including consumer world-class Pet Food Market of many Pet Food Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
Conclusively, this report will provide you a clear view of each and every fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.