The report makes use of the Porter's Five Forces Analysis to help market players and investors determine the competitive environment and the profitability of the industry.
Progressive Markets added a report, "Global Pet Food Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025", which says that the market is expected to grow at a CAGR of 4.2% from 2017 to 2025.
Pet foods are foods intended for consumption by pets. They are derived from raw materials such as meats, suet, plant derivatives, and seeds and are high in nutrients like vitamins and proteins.
Usually sold at pet stores and supermarkets, pet foods are specific to the type of animal. They are classified as dog food, cat food, bird food, fish food, and more.
Pet foods are available in three forms namely canned, semi-moist, and dry. Canned foods contain about 60 to 78% water and are generally more palatable than the other forms.
Semi-moist foods contain about 25-35% water and are usually more palatable than dry foods. Dry foods contain 3-11% water and are more economical to feed than the other two forms.
The quality of pet food affects the longevity, quality of life, and overall health of pets. Hence, it's important that high-quality pet foods are given to them.
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Market Drivers and Restraints
The market for pet foods is likely to exhibit high growth in the light of increasing number of nuclear families, growing awareness of pet health, and a rise in the disposable income of consumers. On the other hand, rising incidences of pet obesity and pet food recall impede the growth of the market.
Pet Food Market Key Segmentation:
The report presents a detailed segmentation of the pet food market based on pet type, food type, sales channel, and geography. Based on pet type, the pet food market is classified as dogs, cats, and others.
Based on the food type, the market is fragmented into dry pet food, wet/canned pet food, nutritious pet food, and snacks/treats. Based on the sales channel, the market is bifurcated into specialized pet shops and internet sales.
Based on geography, the report studies the pet food industry across regions such as Asia-Pacific, North America, Europe, and LAMEA. In Asia-Pacific, the market covers the regions such as South Korea, Japan, Australia, China, India, and the other parts of Asia-Pacific.
In North America, the market covers regions such as the U.S., Canada, and Mexico. In Europe, the pet food industry covers the regions such as UK, Germany, France, Spain, Italy, and the other parts of Europe.
In LAMEA, the market covers regions such as Brazil, Saudi Arabia, South Africa, and the other parts of LAMEA.
Key Market Players
The top players operating in the global pet food market include Big Heart Pet Brands, Blue Buffalo Co., Ltd., Colgate-Palmolive Co., Uni-Charm Corp., Mars Inc., Nestle S. A., Procter & Gamble Co., Wellpet LLC, Diamond Pet Foods Inc., and Heristo AG.
The report provides a comprehensive analysis of the global pet food market, incorporating the pet food market size, pet food market share analysis, market attractiveness and trends analysis, industry segmentation, market dynamics, Porter's analysis, scope and definitions, and the leading industry players. The data in the report has been gathered after an extensive primary and secondary research.
The market size helps determine the number of potential buyers or sellers in the market. The market share analysis helps gauge how the pet food market is performing.
The analysis has been done from 2014 to 2025 for all the segments of the industry.
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The pet food industry analysis report focuses on the drivers and restraints that affect the rise and fall of the market. Information about the recent and future industry trends help businesses stay ahead in the market.
The market segmentation helps a business reach a consumer with specific needs, thereby bringing profitability and opportunities for growth. Information about the leading market players is provided in the pet food industry report.
This includes their marketing strategies, recent developments, financial and business segments, and more.
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