Asia-Pacific Pet food market has been estimated at USD 16.61 Billion in 2016 and is projected to reach USD 23.76 Billion by 2021, at a CAGR of 7.42% during the forecast period from 2016 to 2021
Asia-Pacific Pet Food Market", published by Market Data Forecast, the Asia-Pacific market is projected to reach USD 23.76 Billion by 2021, at a CAGR of 7.42% from 2016 to 2021.
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Pet foods are more digestible and enables the pet to absorb more nutrients and the pet will require less food per feeding. Because of their quality nutrients, premium pet foods help keep the pet’s skin and coat healthy and may help avoid issues including food allergies, sensitive stomach, obesity and hip and joint stiffness.
Specially formulated premium pet foods can also help with conditions such as hairballs, urinary tract issues and oral disease.
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Awareness of benefits of high quality pet food, increase in pet population, and concern for the health of pets due to the rise in trend of pet humanization and increase in palatability of pet food are the factors which have resulted in the growth of pet food ingredients market.
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By Ingredient type
- Animal Derivatives
- Fish derivatives
- Fruits & Vegetables
- Cereals & Cereal by-products
- Fats & Oils
- Vitamins & Minerals
By Animal type
- Other animals
Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina Pet Care, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, Purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC. are the major companies in the market.
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The Asia-Pacific Pet Food Market study offers the following deliverables:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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