Pet Food Market Segmentation and Analysis, Industry Growth Forecast 2029 – Digital Journal

Hi, what are you looking for?
By
Published
Key Segments Covered in the Report are By Animal Type (Dogs, Cats, and Others), Form (Dry Pet Food, Wet Pet Food, and Snacks & Treats), Source (Animal and Plant), Distribution Channel (Supermarkets/ Hypermarkets, Specialty Pet Food Stores, Online Channels, and Others), and Regional Forecast, 2022-2029
The global pet food market size is expected to gain momentum by reaching USD 136.82 billion by 2028 while exhibiting a CAGR of 4.96% between 2021 to 2028. In its report titled “Pet Food Market, 2022-2029,”Fortune Business Insightmentions that the market stood at USD 93.94 billion in 2020.
In recent times, people are working from home, therefore, many used this as an opportunity to get the family pet. Several studies have shown that people who adopt pets are less likely to suffer from loneliness and depression. As the pets brings the companionship to their owners. Besides, in tough times of pandemic demand for pets increased. For instance, as per report published by Mars Petcare, a leading pet (dogand cat) food manufacturer, stated that the combined sales of cat and dog treats grew by 6.5% in the 12 weeks between February and May 2020.
Get Sample PDF Brochure:-
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pet-food-market-100554
Market Segmentation:
By animal type, the market is trifurcated into Dogs, Cats, and Others.
By form, it is segmented into dry and wet pet food, and snacks and treats. Based on distribution, channel, it is divided into supermarkets/ hypermarkets, specialty pet food stores, online channels, and others. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, South America and the Middle East and Africa.
What does the Report Provide?
The report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaboration to contribute to the market growth.
Driving Factor
Rising Pet Ownership across Developing Economies to Aid Growth
The increasing adoption rate of pets worldwide, especially in the developing regions is expected to drive the pet food market growth. The emergence of nuclear families, rising urbanization and pet humanization is making owners to go for nutritious and quality food for their pets, is further fueling the market growth. Additionally, the rising per capita income of the consumer is allowing them to spend on organic food products for pet animals. Moreover, the easy availability pets’ products at varied price is also generating traction, as it offers customers range of options.
Ask for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/pet-food-market-100554
Regional Insights
North America to Dominate Backed by Increasing Adoption of Pets in the Region
North America is expected to remain at the forefront and hold the highest position market during the forecast period. This is attributable to increased adoption of pets in the U.S. households. For instance, according to survey done by the American Pet Products Association (APPA), around 85 million U.S. households i.e. around 67% of the total households present in the U.S. own a pet. The region’s market stood at USD 36.22 billion in 2020.
Europe is expected to show significant pet food market share owing to increased spending on sustainable and safe pet animal food. Additionally, in Europe pet owners demand for transparency in pet animal food product ingredients. U.K. is the largest pet animal food market in Europe; and is followed by Germany and France.
Competitive Landscape
Key Players to Focus on Facility Expansion and Investment to Strengthen their Market Prospectus
The global market contains a large number of prominent companies that are constantly trying to develop unique devices to cater to the demand from patients across the globe. To do so, they are joining hands with local or reputed firms, launching new solutions to strengthen their portfolio in the market. Below are two industry developments:
List of Key Players Profiled in Report
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/pet-food-market-100554
About Us:
Fortune Business Insights™delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email:[email protected]
LinkedInFacebookTwitter
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Pet Food Market Segmentation and Analysis, Industry Growth Forecast 2029

As Dart slammed into Dimorphos, astronomers on a small slice of our planet’s surface could actually watch it live.
Some pundits are amazed it’s taken so long after Brexit for the wheels to fall off.
A Spanish court has ordered Colombian music superstar Shakira to stand trial on charges of fraudulently failing to pay 14 million euros in tax.
Experts say that the rapid intensification of hurricanes has historically been a rare phenomenon, occurring about 6 percent of all forecast time periods.
COPYRIGHT © 1998 – 2022 DIGITAL JOURNAL INC. Sitemaps: XML / News . Digital Journal is not responsible for the content of external sites. Read more about our external linking.

source