Pet food market demand will increase with the highest growth rate to reach US$118.17 billion by 2028| Size and Share

Assessment of the global pet food market size

Global Pet Food Market Demand

Global Pet Food Market Demand

Global Pet Food Market Report by Size and Share

Global Pet Food Market Report by Size and Share

Global Pet Food Market Size was 80.41 Billion USD in 2020 and is growing at a CAGR of 5.4% from 2021 to 2028, and is expected to reach 118.17 Billion USD by 2028

Global Pet Food Market Report on Demand, Revenue, Volume, Segmentation, Industry Share, Trends, Growth Analysis Research, Regional Analysis | Market Research in Zion”– Varcharani Lavat

SUITE N202, New York, US, September 12, 2022 / EINPresswire.com/ – According to research experts at Zion Market Research, the global pet food market size was US$80.41 billion in 2020 and is expected to reach US$118.17 billion by year 2020. 2028, a compound annual growth rate of over 5.4% from 2021 to 2028. This review is based on a report by Zion Market Research, titled โ€œPet Food Market by Product (Dry Food, Packaged Food, Nutritious Food, Snack Food, Others). ), by source (animal-based, plant-based, synthetic), by type (dog food, cat food, etc.), by distribution channel (online, supermarkets, specialty pet stores, etc.): a global industry perspective, Comprehensive Analysis and Forecasting, 2020-2028.โ€ ๐Š .

Some of the major players in the pet food market are Diamond Pet Foods, JM Smucker Company, and Blue Buffalo Pet Products, Inc. , Total Alimentos SA, WellPet LLC, Nestlรฉ Purina, Hartz Mountain Corporation, Hill’s Pet Nutrition, Inc. , Lupus Alimentos and Mars Incorporated and others. Creating an online presence is one of the main strategies for market players.

For example, companies like JustFoodforDogs, Farmer’s Dog, Ollie, NomNomNow and PetPlate have received venture capital funding for fresh pet food. Subscription sales by popular sites like Amazon and Chewy.com spurred growth.

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The rise in dog adoption has increased the demand for pet food. Especially dog โ€‹โ€‹adoption is driving growth. Pet owners’ concern about safety and health has also aided the growth of the pet food market. Increasing differences in pet food, rising disposable income, and increasing demand for premium pet food are some of the reasons for the upsurge in the global pet food market.

The availability of different pet food products in the market may drive the growth of the market in the forecast period. The increasing emergence of obese pets has led to the regulation of several laws related to the nutritional content of pet foods that may hinder the growth of the pet food market in the coming years. However, the introduction of foods with high nutritional value is expected to give the pet food market ample opportunities in the forecast period.

๐Ÿ. ๐จ๐Ÿ ๐๐ข๐  ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐‘๐ž๐ ๐ข๐จ๐ง ๐’๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š๐ง ๐ƒ๐จ๐ฆ๐ข๐ง๐š๐ง๐œ๐ž

Regionally, North America has been leading the worldwide pet food market and is expected to continue in the dominant position in the coming years. In the United States, it has been observed that about 60% of homes own pets in the United States which in turn leads the pet food market. Furthermore, the growing interest in pet health has led to higher spending on pets in the United States. This trend is expected to drive the pet food market in this region. The growing popularity of various pets may convince the growth of the pet food market in the coming years. The increase in disposable income is expected to lead to the growth of the pet food market in this region in the coming years.

Access to a summary of the full report โ€œPet Foods Market by Product (Dry Food, Nutritious Food, Canned Food, Snacks, etc.), by Source (vegetarian, animal-based, and manufactured), by type (cat food, dog food, and others). ), by distribution channels (supermarkets, online, specialty pet stores, etc.): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020-2028.โ€

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Secondary

dry food
Canned food
nutritious food
Snacks
Aharon

by source

animal based
vegetarian
artificial

by type

dog food
cat food
Aharon

By distribution channel

Connected
Hypermarket
Specialized pet stores
Aharon

by region

North Amarica

United State
Canada

Europe

France
United kingdom
Spain
Germany
Italia
Rest of Europe

Asia Pacific

China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin america

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of the Middle East and Africa

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The animal sector accounted for more than 60% share in 2020. Animal products are divided into meat products, proteins, amino acids, fats, and others. Provides fatty acids, iron, essential proteins and vitamins for pets. The meat helps increase the taste and thus improves digestion. Fish bones are a major component of pet food, as they contain phosphorous and calcium. Fish is a rich source of omega-3, vitamins A and D. The benefits of omega-3s are that they help regulate the immune system, blood pressure and cognitive function in older pets.

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The cat segment is expected to grow at a compound annual growth rate of around 6% from 2021 to 2028. The trend of owning more than one cat has helped the continued growth. Cats need less training compared to dogs, and cats are able to spend more time on their own while a dog can’t. Besides, the cost of owning a cat is relatively low compared to a dog.

Rising consumer awareness about pet health has led to an increased focus on maintaining their overall health and checking the weight of dogs. Pet owners usually have their own trusted brands that they hardly change and the demand for premium dog food holds a significant share in the global pet food market.

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Varcharani Lavati
Zion Market Research
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Pet Food Market Growth, Demand, Trends, Volume, and Experience by Zion Market Research


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