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The global pet food market is expected to project a CAGR of 7.56% during the forecast period, 2022-2030
The market growth factors include the increasing consumer expenditure on pet food, the rising importance of pets, and the huge demand for organic and premium pet food. MARKET INSIGHTS
New York, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "GLOBAL PET FOOD MARKET FORECAST 2022-2030" - https://www.reportlinker.com/p04753164/?utm_source=GNW
Pet food is animal feed for pets’ consumption.It is sold in supermarkets and pet stores and is in accordance with the animal type.
Pets are increasingly prioritized and pampered in families.As a result, there is a rising demand for branded beauty products, natural & premium products, and healthcare products with regard to pets.
In addition, given the specific health concerns, pet owners are likely to demand special food types according to breed, age, lifestyle, and size.Besides, several consumers prefer treats and snacks that are preservative-free and contain healthy ingredients like cereals and fruits.
Such factors drive the global pet food market growth. However, the market growth is restrained by the high costs of raw materials.
REGIONAL INSIGHTS
The global pet food market growth analysis includes the geographical assessment of North America, Europe, Asia-Pacific, and Rest of World. Given the surging pet adoption, North America is the highest revenue-generating region in the global market.
COMPETITIVE INSIGHTS
The market rivalry is high, with the leading companies holding several brands and having high market shares. Nestle Purina PetCare Ltd, Mars Petcare Ltd, The JM Smucker Company, Hill’s Pet Nutrition Inc, etc., are among the leading companies in the market.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned
1. AFFINITY PETCARE INC
2. BLUE BUFFALO PET PRODUCTS INC
3. CHAMPION PETFOODS LP
4. DIAMOND PET FOODS
5. FARMINA PET FOODS
6. FRESHPET INC
7. HILL’S PET NUTRITION INC
8. INABA FOODS CO LTD
9. MARS PETCARE LTD
10. NESTLE PURINA PETCARE LTD
11. SPECTRUM BRANDS HOLDINGS INC
12. THE JM SMUCKER COMPANY
13. UNICHARM CORPORATION
14. VITAKRAFT PET CARE GMBH & CO KG
15. WELL PET LLC
Read the full report: https://www.reportlinker.com/p04753164/?utm_source=GNW
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