Hyderabad, India -- (SBWire) -- 03/15/2018 --Pet food is vegetarian or non-vegetarian food made for the consumption of domestic animals. Commonly sold in pet stores and general stores, it is typically particular to the kind of creature, for example, dog food and cat food. Most meat utilized for pet food is a by-product of the human food industry. Pet food is majorly categorized into Fish food, bird food, cat food and dog food.
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The North America Pet food market was estimated to be at a market value of USD 26.43 Billion in 2016 and is projected to rise at a CAGR 3.67% to reach USD 31.64 Billion by 2022 owing to the growing demand of pet food in urbanised countries like the USA and Canada.
Rapid Increment in online food orders, availability of the food in a broad range of choices for a broad range of pets, increasing adoption of animals, and increasing investment in the healthcare of the pets are some of the major driving factors of the North America Pet Food Market. Increasing promotion of pet humanization is also expected have a very positive impact on the market growth.
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Although the majority of the market is currently occupied by 4 companies, the consumers are in constant search for cheaper and effective pet food which might boost the market expansion. However, concerns over the quality of the food, bad consequences of overeating, obesity in pets, and allergies detection are some of the factors that are pivotal in restricting the market growth.
Geographically, the market is categorized into the US and Canada. North America occupies almost 35% of the global market and is expected to retain the major market share throughout the forecast period owing to the rise in the number of households with pets.
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Some of the key players of North America Pet Food Market are Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina Pet Care, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, Purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC.
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