The Global Pet Food Market Report by The Business Research Company covers pet food market drivers and restraints, pet food market size, major players, and the impact of covid-19 on the pet food market.
The pet food market consists sales of goods and services by entities (organizations, sole traders and partnerships) associated with manufacturing cat and dog food and other animal food from ingredients such as grains, oilseed mill products and meat products. The industry includes the establishments that produce dog food, cat food, and other animal food. Other animal includes birds, mammals and aquatic animals. This market does not include agricultural animal food. The pet food market is segmented into dog and cat food and other pet food.
The global pet food market is expected to grow from $72.07 billion in 2020 to $75.29 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. 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 $90.32 billion in 2025 at a CAGR of 5%.
Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.
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Some pet food market trends include using automation technologies such as advanced production lines and software solutions to improve safety and operational efficiency. These technologies automate formulation, batching, drying, coating and liquid delivery processes. This results in cost-effective processing and consistent product quality.
Global pet food market segments include:
1) By Type: Dog And Cat Food, Other Pet Food
2) By Distribution Channel: Specialized Pet Shops, Internet Sales, Hypermarkets, Others
3) By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The 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 pet food market overviews, analyzes and forecasts market size, share, pet food market players, pet food market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The pet food identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read 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: Mars; Nestle S.A.; The J.M. Smucker Company; Colgate-Palmolive Company; Diamond Pet Foods Inc.
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 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 Pet Food Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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