Global pet food market
Dublin, March 01, 2023 (GLOBE NEWSWIRE) — The “Global Pet Food Market (2022 Edition) – Analysis By Food Type, Animal Type, Nature, Distribution Channel, By Region, By Country: Insights market and forecast impact of COVID -19 (2023-2028)” report was added to ResearchAndMarkets.com offer.
As per the research report, the global Pet Food market is expected to show remarkable growth represented by a CAGR of 4.89% during 2023-2028. The global Pet Food market was valued at $104.44 billion in the year 2021, with the Americas region leading the regional market share.
Premium pet foods have received a lot of attention in recent years as a result of the humanization of pets, which has increased pet owners’ willingness to spend money on premium quality products. Pet owners look for pet food made from organic raw materials and ingredients, without preservatives and chemicals or artificial elements. Consequently, major market players are responding to this premiumization trend by offering a variety of pet food recipes to meet the needs of pets and their owners.
Increasing urbanization and increasing dual income, childless families who are supporting pet adoption rates are consequently promoting the growth of the global pet food market.
Millennials and Gen Z are major contributors to the pet ownership landscape due to their increased disposable income, and the introduction of work from home or hybrid formats is driving the growth of the pet population, which consequently promotes the pet food market.
Globally, dogs are the most popular pets, present in around one in three households worldwide. Almost a quarter of pet owners own a cat. In addition, the life expectancy of pets is increasing, which explains the increase in specialized products for the care of elderly pets, such as dietary supplements for immune and digestive care. This is supported by research data from science.org that dog lifespans have doubled over the past 4 decades, and domestic cats now live twice as long as their wild counterparts.
Furthermore, due to increased awareness of pet health after cases of COVID-19 were also discovered in certain animals, the market has seen an increase in sales of health-conscious premium and super premium food, medicinal functional foods and therapeutic products and a variety of treats and supplements. for dogs.
Report Scope:
The report features the Pet Food market analysis for the historical period 2018-2021, the estimated year 2022 and the forecast period 2023-2028.
The report analyzes the Pet Food market by value (US$ billion).
The report analyzes the Pet Food market by type of food – dry, wet, snacks and mixers, others.
The report analyzes the pet food market by type of animal – dog, cat and others.
The report analyzes the Pet Food By Nature- Conventional, Organic market.
The report analyzes the Pet Food market by distribution channel – offline, online.
The global pet food market has been analyzed by region (Americas, Europe, Asia Pacific and MEA).
The global pet food market was analyzed by country (United States, Canada, Brazil, Germany, United Kingdom, France, Italy, China, Japan and India).
The main insights of the report were presented through the main actions of the company. In addition, market attractiveness was presented by region, by type of food, by type of animal, by nature, by distribution channel.
Furthermore, key industry opportunities, trends, drivers and challenges have been analyzed in the report.
Main target audience:
report attribute | Details |
Number of pages | 220 |
forecast period | 2022 – 2028 |
Estimated market value (USD) in 2022 | $110.06 billion |
Predicted market value (USD) until 2028 | $160.74 billion |
Compound annual growth rate | 6.7% |
covered regions | Global |
Main topics covered:
1. Report Scope and Methodology
2. Strategic Recommendations
3. Global Pet Food Market: Product Overview
4. Global Pet Food Market: An Analysis
5. Global Pet Food Market: Segment Analysis by Food Type
6. Global Pet Food Market: Segment Analysis by Type of Pet
7. Global Pet Food Market: Segment Analysis by Nature Type
8. Global Pet Food Market: Segment Analysis by Distribution Channel
9. Global Pet Food Market: Regional Analysis
10. Pet food market in the Americas: an analysis (2018-2028)
11. European pet food market: an analysis (2018-2028)
12. Asia Pacific Pet Food Market: An Analysis (2018-2028)
13. Pet food market in the Middle East and Africa
14. Global pet food market dynamics
15. Market Attractiveness and Strategic Analysis
16. Competitive Scenario
17. Company profiles
18. About the Publisher
For more information on this report, visit https://www.researchandmarkets.com/r/y7r4qw-pet-food?w=12
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide you with the latest data on international and regional markets, key sectors, top companies, new products and the latest trends.
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