The international pet meals market is pushed by elements comparable to a surge within the pattern of nuclear households, the fast humanization of pets, and an increase in consciousness about pet well being. Based on area, North America held the key share in 2020, accounting for greater than one-third of the worldwide pet meals market.
Wilmington, Delaware, Oct. 25, 2023 (GLOBE NEWSWIRE) —
According to a report revealed by Allied Market Research, the worldwide pet food market was valued at $87,268.2 million in 2020 and is estimated to generate $133,430.9 million by 2030, manifesting a CAGR of 4.6% from 2021 to 2030. The report gives an in depth evaluation of adjusting market tendencies, prime segments, key funding pockets, worth chains, regional landscapes, and aggressive situations.
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Report protection & particulars:
|
Report protection |
Details |
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Forecast Period |
2021-2030 |
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Base Year |
2020 |
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Market Size in 2020 |
$87,268.2 Million |
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Market Size in 2030 |
$133,430.9 Million |
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CAGR |
4.6% |
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No. of Pages in Report |
279 |
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Segments lined |
Pet kind, Food kind, Sales channel, and Region |
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Drivers |
An increase in pattern of nuclear households |
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Rapid humanization of pets |
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Surge in consciousness about pet well being |
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Opportunities |
Rise in e-commerce gross sales |
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Increase in pet possession in growing nations |
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Restraints |
Increase in pet weight problems |
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Pet meals recollects |
The report offers an in depth evaluation of all segments of the worldwide pet meals market that are primarily based on pet kind, meals kind, gross sales channel, and area. The report gives an evaluation of every section together with sub-segments with the assistance of tables and figures which is able to assist market gamers, buyers, and new entrants decide the sub-segments to be tapped on to realize development within the coming years.
Based on pet kind, the dogs section dominated the market with the very best share in 2020, accounting for greater than two-fifths of the worldwide pet meals market and is estimated to rule the roost all through the forecast timeframe. The similar section would showcase the quickest CAGR of 4.7% from 2021 to 2030. The report additionally analyzes the cats and others segments.
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Based on meals kind, the dry meals section accounted for the most important share in 2020, contributing to round one-third of the worldwide pet meals market, and is projected to carry its dominance from 2021 to 2030. The similar section is predicted to quote the very best CAGR of 5.3% all through the forecast timeframe. The report additionally discusses moist meals, treats and snacks, and others segments.
By gross sales channel, the specialised pet outlets section held the very best share in 2020, contributing to greater than one-third of the worldwide pet meals market, and is estimated to preserve its management standing from 2021 to 2030. The similar section would witness the quickest CAGR of 5.1% from 2021 to 2030. The report additionally analyzes the web gross sales channel and others segments.
By area, the market in North America was the most important, accounting for greater than one-third of the worldwide pet meals market, and is predicted to rule the roost all through the forecast time interval. Moreover, the market throughout Asia-Pacific is registered to witness a noteworthy CAGR of 5.1% from 2021 to 2030. The report additionally analyzes the markets throughout Europe and the LAMEA areas.
Leading market gamers within the international pet meals market analyzed within the analysis embrace Big Heart Pet Brands, Nestle Purina PetCare, Diamond Pet Foods, Mars Petcare Inc., The Hartz Mountain Corporation, Hill’s Pet Nutrition, Deuerer, WellPet, Blue Buffalo, and Heristo AG.
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The report offers an in depth evaluation of those key gamers within the international pet meals market. These gamers have adopted an array of methods, comparable to collaborations, enlargement, joint ventures, agreements, new product launches, and others to extend their market share and preserve dominant shares in several areas. The report is effective in highlighting business efficiency, working segments, product portfolios, and strategic strikes of market gamers to showcase the aggressive situation.
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About Us
Allied Market Research (AMR) is a full-service market analysis and business-consulting wing of Allied Analytics LLP primarily based in Portland, Oregon. Allied Market Research offers international enterprises in addition to medium and small businesses with unmatched high quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a focused view to present business insights and consulting to help its shoppers to make strategic business choices and obtain sustainable development of their respective market area.
Pawan Kumar, the CEO of Allied Market Research, is main the organization towards offering high-quality knowledge and insights. We are in skilled company relations with numerous corporations and this helps us in digging out market knowledge that helps us generate correct analysis knowledge tables and confirms utmost accuracy in our market forecasting. Each and each knowledge offered within the studies revealed by us is extracted by means of main interviews with prime officers from main corporations of area involved. Our secondary knowledge procurement methodology consists of deep on-line and offline analysis and dialogue with educated professionals and analysts within the trade.
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