The Global Pet Food Market worth US$ 84.9 Billion, Driven by Rising Pet Humanization Trends

The United States represented the largest market for pet food accounting for 28% of the total global sales in 2015. The United States was followed by Brazil, Japan, United Kingdom, France, Germany, Russia, and Italy.

IMARC Group’s recently published report titled “Pet Food Market Report, Trends and Forecast (2016-2021)” finds that the global pet food market was worth US$ 84.9 Billion in 2015 growing at a CAGR of around 5% during 2008-2015. According to the report, factors like increase in pet humanisation, disposable incomes, urbanisation and a growing concern among consumers regarding pet health are prompting the consumers to spend more on nutritious pet food. Rising cases of obesity and other diseases including arthritis, diabetes, and high blood pressure among pets are also driving the demand for nutritious products.

The report has segmented the Pet Food Market on the basis of pet food for dogs, cats, and other animals including birds, fishes, small mammals, and reptiles. Dog food dominated the global pet food market accounting for more than 50 % of the global sales values in 2015. Dog food was followed by  cat food, and food for other animals. The segmentation is further based on dry, wet or moist food. The study has also analysed the pet food market in the following countries: United States, Brazil, Japan, Germany, Russia, Italy, United Kingdom, and France. The United States represented the largest market for pet food accounting for 28% of the total global sales in 2015. The United States was followed by Brazil, Japan, United Kingdom, France, Germany, Russia, and Italy. Some of the global key players covered in this report are Mars Petcare Inc., Nestle Purina Petcare, Hill’s Pet Nutrition, and Big Heart Pet Brands.

Enquiry for sample report or more details, click here: http://www.imarcgroup.com/enquiry-form/

The report provides a detailed plan for setting up a pet food manufacturing plant. The study, done by one of the world’s pre-eminent research and advisory firms, covers all the important aspects of the pet food market. This ranges from a comprehensive view of the market to minute details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the pet food industry in any manner.

Contact Us

IMARC Group
Tel: +91-120-415-5099
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: http://www.imarcgroup.com
Follow us on twitter: @imarcglobal