Published Date: 28-Feb-2022
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According to a new report Global Pet Food Market, published by KBV research, The Global Pet Food Market size is expected to reach $113.7 billion by 2027, rising at a market growth of 4.2% CAGR during the forecast period.
The Others market is expected to witness a CAGR of 5.4% during (2021 - 2027). Pet food for birds, fish, and reptiles is included in the other segment. In comparison to dogs and cats, product demand for such animal categories is projected to remain modest. In comparison to dogs and cats, the short lifespan and low rate of food consumption are anticipated to be the main reasons for low product demand in this segment.
The Wet Food market is expected to witness a CAGR of 3.7% during (2021 - 2027). The high moisture content of wet food products helps to keep pets hydrated while also being good to the urinary tract. Wet form food products include a lot of moisture and come in cans, foil trays, and pouches. However, the high price of the product, particularly meat-based protein canned food, may limit consumers’ demand, limiting segment growth over the forecast period.
The Supermarkets & Hypermarkets market is expected to witness a CAGR of 4.9% during (2021 - 2027). This is because such stores have dedicated area for every kind of products. Moreover, customers prefer these stores as they have relatively affordable products.
The North America market dominated the Global Pet Food Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $41,190.1 million by 2027. The Europe market is expected to witness a CAGR of 3.8% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 4.3% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/pet-food-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Unicharm Corporation (The Hartz Mountain Corporation), Farmina Pet Foods Holding B.V., Nestle S.A. (Nestle Purina), General Mills, Inc., Mars, Inc., The Colgate-Palmolive Company, The Wellness Pet Company (Clearlake Capital Group, L.P.), Schell & Kampeter, Inc., and Archer Daniels Midland Company.
By Pet Type
By Food Type
By Sales Channel
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