The global pet food market is expected to register a slow growth from $74.55 billion in 2019 to $75.49 billion in 2020 at a growth rate of 1.26%. The slow growth is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to then grow at a rate of 5.6% from 2021 and reach $88.48 billion in 2023.
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The pet food industry includes establishments that produce dog food, cat food, and other animal food, including those for birds, mammals, and aquatic animals. Pet foods are specialty foods prepared according to the nutritional requirements of domesticated animals that can be either made from plant or animal-based food materials. Pet foods are made with innovative shapes and attractive colors to entice the owners and are added with special flavorings to enhance the taste so that animals easily eat the food.
Global Pet Food Market Segmentation –
By Type – The pet food market can be segmented by type into
- a) Dog Food
- b) Cat Food
- c) Other Pet Food
By Type Of Food – The dog food market is further segmented by type into
- a) Dry Dog Food
- b) Wet Dog Food
- c) Dog Treats And Mixers
The cat food market is further segmented by type into
- a) Dry Cat Food
- b) Wet Cat Food
- c) Cat Treats And Mixers
The other pet food market is further segmented by type into
- a) Bird Food
- b) Fish Food
- c) Small Mammal/Reptile Food
The pet food market is segmented by distribution channel into
- a) Hypermarkets
- b) Specialized Pet Shops
- c) Internet Sales
- d) Others
The pet food market can be segmented by type of ingredient into
- a) Animal Derivatives
- b) Plant Derivatives
- c) Synthetic
Global Pet Food Market Drivers –
The pet owners concern about their pets’ health is driving the demand for premium and organic pet foods, thus spurring the market for pet food manufacturing during the period. Pet owners often view pets as family members and are willing to spend on the best pet products and services. Therefore, they are buying organic and premium products to feed their “fur babies”. Organic pet foods are free from artificial colors, flavors, antibiotics, synthetic hormones, toxic pesticides, and preservatives, whereas premium pet foods contain higher quality ingredients than economy or generic pet foods.
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A Few Points From The Global Pet Food Market ToC
1. Executive Summary
2. Pet Food Market Characteristics
3. Pet Food Market Size And Growth
3.1. Global Pet Food Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Pet Food Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Pet Food Market Segmentation
5. Pet Food Market Regional And Country Analysis
5.1. Global Pet Food Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Pet Food Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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