Global Animal And Pet Food Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Animal And Pet Food Market Report by The Business Research Company covers animal and pet food market drivers and restraints, animal and pet food market size, major players, and the impact of COVID-19 on the animal and pet food market
The animal and pet food market consists of sales of animal and pet foods by entities (organizations, sole traders and partnerships) that produce food and feed for animals and pets from ingredients, such as grains, oilseed mill products, and meat products.
Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period. The global animal and pet food market is expected to grow from $305.86 billion in 2020 to $318.38 billion in 2021 at a compound annual growth rate (CAGR) of 4.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $406.35 billion in 2025 at a CAGR of 6%.
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Some animal and pet food market trends include automation technologies such as advanced production lines and software solutions to improve safety and operational efficiency. These technologies automate formulation, extrusion, batching, drying, coating and liquid delivery processes. This results in cost-effective processing and consistent product quality.
Global animal and pet food market segments include:
1) By Type: Pet Food, Animal Food.
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
3) By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic.
Subsegments Covered: Dog And Cat Food, Other Pet Food, Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global animal and pet food market, accounting for 33% of the total market.
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The Animal And Pet Food Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides animal and pet food market overviews, analyzes and forecasts market size, share, animal and pet food market players, animal and pet food market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The animal and pet food identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Animal And Pet Food Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Nestlé Purina, Mars Petcare Inc., Big Heart Pet brands, Blue Buffalo, Hill’s Pet Nutirion
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Animal And Pet Food Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Animal And Pet Food Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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