Pet Food Market – Global Opportunities & Forecast, 2020-2027

 

The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.

Competitive Rivalry of the Pet Food Market:

The leading players in the pet food market include Mars Incorporated, Nestlé Purina, Hill’s Pet Nutrition, Inc., The J.M. Smucker Company, Blue Buffalo Pet Products, Inc., WellPet LLC, and Diamond Pet Foods, Omega Protein Corporation, Nutriara Alimentos Ltd., and Deuerer, among others.

Drivers of the Pet Food Market:

The significant drivers responsible for the growth of the pet food market include the growing adoption rate of pets and the rising demand for premium pet foods. The increasing disposable income of the middle-class population has led to an upsurge in pets' total spending capacity. With the growing trend of keeping a pet as a companion of the owners and the increasing health concerns of the pets, the pet owners are looking for healthy pet food options to maintain the health of their animals. About 95% of the pet owners assume their pets as a part of their family; hence, they focus on the importance of the quality in the pet food. The significant change in the consumer’s preference to opt for vegan and grain-free pet food products will further increase the market’s demand.

The pet food products comprise fruits, vegetables, lamb meal, chicken meal, and other preservatives, which enhance the flavor, color, and texture of the food items. All these factors will promote pet owners to opt for pet food products during the forecast period. The easy availability of pet food products across several platforms such as supermarkets, retails shops, and online stores will further create various opportunities for the growth of the pet food market. Numerous market players emphasize product innovation, including the launch of vegan and grain-free pet food products to meet the emerging demands among pet owners.

Market Segmentation:

The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:

Breakup by Product:

·         Dry Food

·         Wet/Canned Food

·         Nutritious Food

·         Snacks/Treats

·         Others

Breakup by Application:

·         Dog

·         Cat

·         Others

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

 

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