DUBLIN, April 27, 2022–(BUSINESS WIRE)–The report “Global Pet Food Market (by Wet and Dry Food for Dogs, Cats and Others): Information and Forecast with Potential Impact of COVID-19 (2022-2026)” has been added to from ResearchAndMarkets.com offer.
The value of the global pet food market is expected to reach US$118.83 billion in 2025, growing at a CAGR of 5.4%, for the period from 2021 to 2025.
Factors such as pet ownership, rapid urbanization, improving consumer confidence index, humanization of pets, and the growing popularity of raw pet foods are expected to boost the market growth. However, industry growth would be challenged by increasing competitive pressure and retail consolidations.
A few notable trends include the emergence of insect-based pet foods, the incorporation of cannabis into pet foods, premiumization, the evolution of Industry 4.0, and high purchases of cannabis. single-serving cat food. In 2020, the outbreak of the COVID-19 pandemic created an adverse impact on the market.
The pet food industry consists of dog food, cat food, and other (reptile, rabbit, bird, fish, and similar pet food) manufacturers. Some of the popular distribution channels used by consumers to access pet food are retail stores, department stores, e-commerce, mass merchandisers, specialty stores, and other direct selling stores.
The fastest growing regional market is North America due to improving economic conditions, growing adoption of stray pets, increased awareness of pet foods with benefits nutritional values among the population in the United States and Canada and the increased rate of purchase of raw dog treats by the urban population.
The report provides a comprehensive analysis of the global pet food market, segmented into dog food and cat food.
Key regional markets (North America, Europe, and Asia-Pacific) were analyzed along with national coverage of the United States, Canada, United Kingdom, France, Germany, China, and India.
Market dynamics such as growth drivers, market trends, and challenges are analyzed in depth.
The competitive landscape of the market, along with the company profiles of major players, namely Nestle SA, The JM Smucker Company, General Mills, Inc., Colgate-Palmolive Company, Unicharm Corporation, and Mars, Incorporated are also presented in detail.
Main topics covered:
1. Market Overview
1.2 Types of pet food
1.3 Pet Food Manufacturing Process
1.4 Pet food distribution channels
1.5 Pet Food Value Chain
2. Impact of COVID-19
2.2 Market changes
2.3 Growth of online distribution channels in the United States
3. Global Market Analysis
3.1 Global Pet Food Market Value
3.2 Global Pet Food Market Value Forecast
3.3 Global Pet Food Market Value by Segments
3.4 Global Pet Food Market Value by Regions
4. Regional Market Analysis
5. Market dynamics
5.1 Drivers of growth
5.1.1 Encourage owning a pet
5.1.2 Rapid urbanization
5.1.3 Improved Consumer Confidence Index
5.1.4 Humanization of Pets
5.1.5 Growing Popularity of Raw Pet Foods
5.2 Key Trends and Developments
5.2.1 Emergence of insect-based pet food
5.2.2 Incorporation of cannabis into pet food
5.2.4 Evolution of Industry 4.0
5.2.5 High Purchases of Single Serve Cat Food
5.3.1 Increased competitive pressure
5.3.2 Retail consolidations
6. Competitive landscape
6.1 Global Pet Food Market
6.1.1 Key Players – Market Share Comparison
6.1.2 Key Players – Dog Food Market Share Comparison
6.1.3 Key Players – Cat Food Market Share Comparison
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/jgfqeq
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