Pet Food Market Scenario
The global Pet Food Market is expected to register rapid growth during the forecast period due to the increasing awareness among consumers about digestive disorders, healthier lifestyle, high energy level, healthy weight, and longer lifespan for their pets.
Years ago, many countries passed a law, extending human rights to some species of apes. Gone are the days when lonely people had pets at their homes only for company. Today, due to raising awareness about animal rights, concern for animal welfare and laws making it compulsory for people to take proper care of their pets. Not only people treat their pets like family members, but they also demand good quality food for them, which is giving rise to the market for pet food.
Market Research Future (MRFR) has published a research report about the global Pet Food Industry that envisages enormous growth in this market between 2018 and 2027. This report estimates the market size and analyzes the driving factors along with restraints and growth potential of the market.
By type the market segmentation covers, dry food, canned food, semi-moist food, and others. Example of dry food is dog biscuits. Canned food examples cover, canned chicken, tunas, savory stew, etc. Semi-moist pet food is mostly for dogs. It contains about 60-65% water by weight. This makes it more expensive per energy calorie than dry food. Semi-moist dog food generally contains more sugar and salt than either dry or canned dog food. Relevant examples include red meat, hearty stew, and patties of moisturized dog food.
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The regional segmentation of global pet food market segments the market into regions namely North America, and the Asia Pacific that is the primary market. North America is the largest market for pet food. This is because of reliance on service animals. Service animals are trained to perform tasks for people with disabilities. They require good quality food so that they remain healthy and can work efficiently. Presence of groups like People for Ethical Treatment of Animals (PETA) that encourage pet adoption is another reason for the trend of animals becoming part of the family. Various social media influencers also encourage animal adoptions because of which more people have pets, and they are ensuring proper food for them. Retail giant Amazon launched its own brand of dog food in order to tap into the pet food market.
For More Information @ https://www.marketresearchfuture.com/reports/pet-food-market-1525
The key players in the global pet food market include Big Heart Pet Brands (USA), Blue Buffalo (USA), Deuerer (Germany), Diamond Pet Foods (USA), Heristo AG (Germany), Hill’s Pet Nutrition (USA), Mars Petcare Inc. (Russia), Nestlé Purina PetCare (USA), Spectrum Brands (USA), United Pet Group (USA), and Unicharm Corp (Japan).
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