Los Angeles, CA -- (SBWIRE) -- 02/18/2020 -- QY Research offers its latest report on the global Pet Food market that includes a comprehensive analysis of a range of subjects such as market opportunities, competition, segmentation, regional expansion, and market dynamics. It prepares players as well as investors to take competent decisions and plan for growth beforehand. This report is expected to help the reader understand the market with respect to its various drivers, restraints, trends, and opportunities to equip them in making careful business decisions.
The global Pet Food market was 32300 million US$ in 2018 and is expected to 39500 million US$ by the end of 2025, growing at a CAGR of 2.6% between 2019 and 2025.
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Pet food is plant or animal material intended for consumption by pets and can prevent feeding advantage of certain diseases. It has unique characteristics such as nutritious comprehensive, digestion and absorption rate and reasonable scientific formula. Typically sold in pet stores and supermarkets, it is usually specific to the type of animal, such as dog food or cat food. Most meat used for nonhuman animals is a byproduct of the human food industry, and is not regarded as "human grade".
In 2015, among the major production areas, North America is the biggest supplier of pet food, with the production of 7500 K MT and the production market share of 31%. Europe is the second largest supplier, with the production of 5600 K MT and the production market share of 23%. China has a relatively higher production growth rate than other regions, and the production was 800 K MT.
Global Pet Food Market: Competitive Landscape
The chapter on competitive landscape covers all the major manufacturers in the global Pet Food market to study new trends and opportunities. In this section, the researchers have used SWOT analysis to study the various strengths, weaknesses, opportunities, and trends the manufacturers are using to expand their share. Furthermore, they have briefed about the trends that are expected to drive the market in the future and open more opportunities.
The top manufacturer with company profile, sales volume, and product specifications, revenue (Million USD) and market share -
Mars
Nestle Purina
Big Heart
Colgate
Diamond pet foods
Blue Buffalo
Heristo
Unicharm
Mogiana Alimentos
Affinity Petcare
Nisshin Pet Food
Total Alimentos
Ramical
Butcher's
Global Pet Food Market: Drivers and Restraints
The researchers have analyzed various factors that are necessary for the growth of the market in global terms. They have taken different perspectives for the market including technological, social, political, economic, environmental, and others. The drivers have been derived using PESTEL's analysis to keep them accurate. Factors responsible for propelling the growth of the market and helping its growth in terms of market share are been studied objectively.
Furthermore, restraints present in the market have been put together using the same process. Analysts have provided a thorough assessment of factors likely to hold the market back and offered solutions for circumventing the same too.
Global Pet Food Market: Segment Analysis
The researchers have segmented the market into various product types and their applications. This segmentation is expected to help the reader understand where the market is observing more growth and which product and application hold the largest share in the market. This will give them leverage over others and help them invest wisely.
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The report addresses the following queries pertaining to the Pet Food Market:
- At what CAGR, the Global Pet Food Market will expand from 2019 - 2025?
- What will be the worth of the global Pet Food market by the end of 2025?
- How can I get company profiles of the top ten players of the Pet Food Market?
- What are the key growth strategies of Pet Food Market Players?
- By End-Use, which segment would exhibit the highest CAGR during the forecast period?
- What are the market values/growth % of emerging countries?
- Which market holds the maximum market share of the Pet Food Market?
- By Application, which segment is expected to dominate the market by the end of 2025?
- What are the key trends in the Pet Food Market report?
Global Pet Food Market: Geographic Outlook
The researchers have analyzed each and every regional market that is contributing to the growth of the Pet Food market. They have used qualitative and quantitative methods to understand and provide the data to the readers. The major regions covered in the report include North America, Europe, Asia Pacific, the Middle East, and Africa, and others.
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