Global Pet Food Market Report 2022: Rising Number of Dual Income, No Kids Families Boosting Demand for Pet Food
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: Market Insights and Forecast with Impact of COVID-19 (2023-2028)" report has been added to ResearchAndMarkets.com's offering.
According to the research report, the Global Pet Food Market is projected to display a notable growth represented by a CAGR of 4.89% during 2023-2028. The global Pet Food Market was valued at USD 104.44 Billion in the year 2021 with Americas region leading the regional market share.
Premium pet food has witnessed a lot of attention in recent years as a result of pet humanization, which has increased pet owners' willingness to spend money on premium-quality goods. Pet owners seek pet food manufactured from organic raw materials and ingredients without Preservatives and chemicals or artificial elements. Consequentially, key players in the market are responding to this premiumization trend by offering a variety of pet food recipes to meet the needs of both pets and their owners.
The rising urbanisation and increase in dual income, no kids families that are backing the pet adoption rates are consequentially fostering the growth of global Pet foods market.
Millennials and Gen Z contribute largely to the pet ownership landscape, due to rise in their disposable income, and introduction of work from home or in hybrid formats are driving pet population growth, which is consequentially fostering the Pet Food market.
Globally, dogs are the most popular pet, present in around one in three homes worldwide. Almost quarter of pet owners have a cat. Moreover, Pet life expectancy is increasing, which accounts for rise in specialized senior pet care products such as immune and digestive care food supplements. This is backed by the survey data from science.org that Dog life expectancy has doubled in the past 4 decades, and housecats now live twice as long as their feral counterpart.
Additionally, due to increasing pet health awareness after COVID-19 cases were also discovered in certain animals, the market saw a surge in sales of health-conscious premium and super premium foods, medical and therapeutic functional foods, and a variety of treats and supplements for dogs.
Scope of the Report:
The report presents the analysis of Pet Food Market for the historical period of 2018-2021, the estimated year 2022 and the forecast period of 2023-2028.
The report analyses the Pet Food Market by value (USD Billion).
The report analyses the Pet Food Market by By Food Type- Dry, Wet, Snacks and Mixers, Others.
The report analyses the Pet Food Market By Animal Type- Dog, Cat, Others.
The report analyses the Pet Food Market By Nature- Conventional, Organic.
The report analyses the Pet Food Market By Distribution Channel- Offline, Online.
The Global Pet Food Market has been analysed By Region (Americas, Europe, Asia Pacific, and MEA).
The Global Pet Food Market has been analysed By Country (United States, Canada, Brazil, Germany, U.K, France, Italy, China, Japan and India).
The key insights of the report have been presented through the leading company shares. Also, the attractiveness of the market has been presented by region, by Food Type, By Animal Type, By Nature, By Distribution Channel.
Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
Key Target Audience:
Pet Food Companies
Food and Beverage Companies
Government Bodies & Regulating Authorities
No. of Pages
2022 - 2028
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2028
Compound Annual Growth Rate
Key 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 Animal Type
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. Americas Pet Food Market: An Analysis (2018-2028)
11. Europe Pet Food Market: An Analysis (2018-2028)
12. Asia Pacific Pet Food Market: An Analysis (2018-2028)
13. Middle East and Africa Pet Food Market
14. Global Pet Food Market Dynamics
15. Market Attractiveness and Strategic Analysis
16. Competitive Landscape
17. Company Profiles
18. About the Publisher
For more information about this report visit https://www.researchandmarkets.com/r/y7r4qw-pet-food?w=12
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