Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • [Latest] Polished Concrete Market Revenue to Register Robust Growth in Future by 2031
    [Latest] Polished Concrete Market Revenue to Register Robust Growth in Future by 2031 Business
  • Why are communist-era statues being removed in ex-Soviet states? -BBC News
    Why are communist-era statues being removed in ex-Soviet states? -BBC News World News
  • Arizona Garage Door Repair Guru, LLC Announces Its Garage Door Repair Services in Prescott Valley, Arizona
    Arizona Garage Door Repair Guru, LLC Announces Its Garage Door Repair Services in Prescott Valley, Arizona World News
  • War Day 243: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 243: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • FAA Proposes Pilot Training Requirements and Operational Rules for Powered-Lift Aircraft
    FAA Proposes Pilot Training Requirements and Operational Rules for Powered-Lift Aircraft Aviation
  • Grampo by Bruno De Lazzari Wins Golden A’ Design Award in Lighting Products and Fixtures Design Category
    Grampo by Bruno De Lazzari Wins Golden A’ Design Award in Lighting Products and Fixtures Design Category World News
  • Putin’s Bunkers – where is he hiding? by Lyubov Sobol (@SobolLyubov )
    Putin’s Bunkers – where is he hiding? by Lyubov Sobol (@SobolLyubov ) World News
  • War Day 678, pt1: Ukrainian Stubbornness vs. Russian Long Will
    War Day 678, pt1: Ukrainian Stubbornness vs. Russian Long Will World News
Pet Food Market Share Worth $ 133,430.9 Million By 2031 With CAGR Of 4.6%

Pet Food Market Share Worth $ 133,430.9 Million By 2031 With CAGR Of 4.6%

Posted on June 27, 2023 By NewsEditor

Pet Food Market Share Worth $ 133,430.9 Million By 2031 With CAGR Of 4.6%

Global pet food market size was valued at $87,268.2 million in 2020, and is projected to reach $133,430.9 million by 2030, registering a CAGR of 4.6%

PORTLAND, OREGON, UNITED STATES, June 26, 2023/EINPresswire.com/ — Pet food market is booming owing to increased pet ownership across the globe due to rising consumers’ disposable income. The major factors and pet food market trends driving the global pet food market are rising trend of nuclear families, rapid humanization of pets, increasing awareness about pet health. However, increase in pet obesity and pet food recalls are expected to hinder the market growth to a certain extent over the pet food market forecast period 2021-2030. Additionally, increasing pet ownership in developing nations and rising e-commerce sales act as an opportunity for the global market.

Download Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/530

According to pet food market analysis, the market is classified on the basis of pet type, food type, sales channel and region. By pet type, the pet food market is segmented into dogs, cats and other pets. Rising trend of nuclear families and their need to keep dogs for companionship and security resulted into highest revenue generation in 2020. Based on food type, the market is segregated into dry food, wet food, treats & snacks and others. Dry food holds the highest pet food market share by food type because it is one of the most convenient types of food, easy to store, requires no refrigeration, and available at affordable prices as compared to other types of food.

By sales channel, the market is categorized into supermarkets & hypermarkets, specialized pet shops, online sales channel, and others. Region wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America contributed the highest revenue in 2020 and is expected to dominate the market during the forecast period.

Buy This Report (263 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/142b9a021a0063dc9505e47f030cee20

Furthermore, flavor trends have begun to emerge in the pet food market. For instance, the adoption of beef in several food categories (dry and wet food) has witnessed a recent trend while chicken is already a dominating flavor. Overall, natural, organic and nutritious food trends are driving the market owing to its grain-free properties and health benefits offered to pets.

Population growth, rise in incomes in developing countries, and urbanization have all contributed to an increase in global pet food production. The rise in pet population has led to increase in pet humanization. As a result of which, the consumers are tending toward premium pet food products so as to minimize health associated risks. It also gives lucrative pet food market opportunities to producers to manufacture therapeutic and nutritional foods concerning pets’ health and would allow them to gain high pet food market share in the industry.

The consumers prefer cats over dogs because cats are easy to handle due to their small and convenient size and can be easily taken care. Therefore, cat food is likely to grow faster than dog food. However, wet cat food has witnessed a slight increase in its growth as it offers high nutrition to cats and is better for their oral and dental health.

Request For Customization: https://www.alliedmarketresearch.com/request-for-customization/530

Pet parents pay more attention to their pets by offering them more functional food, particularly breed and age-specific items. Also, pets are viewed as full members of the family and are benefited for treats, snacks and other premium foods as their owners. The pet parents want their pets be benefited from unique, natural, organic and flavourful ingredients and thus, manufacturers are keeping up this trend by manufacturing organic and healthy pet food products.

The market is driven by rapid pet humanization, rising pet ownership and demand for therapeutic foods. Pet humanization is a recent trend and has resulted in an increased focus on pet’s health, weight, and overall fitness. Therefore, the demand for premium and super premium pet food products have witnessed a significant growth as Italian pet owners believe that these are healthier for their pets.

The major players operating in the pet food industry are Mars Petcare Inc., The Hartz Mountain Corporation, Big Heart Pet Brands, Nestle Purina PetCare, Diamond Pet Foods, Hill’s Pet Nutrition, Deuerer, WellPet, Blue Buffalo, and Heristo AG. These major players have adopted various strategies to expand their market reach. The strategies adopted in the pet food market are product launch, partnership, collaboration, joint venture, and acquisition.

Speak To Analyst: https://www.alliedmarketresearch.com/connect-to-analyst/530

Key findings of the study

The global pet food market size was valued at $87,268.2 million in 2020, and is projected to reach $133,430.9 million by 2030, registering a CAGR of 4.6% from 2021 to 2030.
By pet type, the dogs segment was the highest contributor to the market, with $39,646.2 million in 2020, and is estimated to reach $61,049.5 million by 2030, at a CAGR of 4.7% during the forecast period.
By food type, the dry food segment was the highest contributor to the market, with $29,386.8 million in 2020, and is estimated to reach $47,937.5 million by 2030, at a CAGR of 5.3% during the forecast period.
By sales channel, the specialized pet shops segment was the highest contributor to the market, with $31,414.8 million in 2020, and is estimated to reach $50,533.1 million by 2030, at a CAGR of 5.1% during the forecast period.
By region, North America was the highest revenue contributor, accounting for $30,369.3 million in 2020, and is estimated to reach $48,435.4 million by 2030, with a CAGR of 5.0%.

David Correa
Allied Analytics LLP
+1 800-792-5285
email us here

You just read:

News Provided By

June 25, 2023, 22:30 GMT


EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content.
As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™,
tries to define some of the boundaries that are reasonable in today’s world. Please see our
Editorial Guidelines
for more information.

Article originally published on www.einpresswire.com as Pet Food Market Share Worth $ 133,430.9 Million By 2031 With CAGR Of 4.6%

Business

Post navigation

Previous Post: Silk Way West Airlines selects L3Harris to provide New Boeing 777-F with 777-200LR Interchange Full Flight Simulator
Next Post: War Day 250: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin

Related Posts

  • Tidal Wave Auto Spa Celebrates 120th Location With Free Washes in Scottsboro, Alabama
    Tidal Wave Auto Spa Celebrates 120th Location With Free Washes in Scottsboro, Alabama Business
  • IIT Madras Welcomes Daere Akobo and Delegation from PANA Holdings for Strategic Discussions on Africa’s Energy Future
    IIT Madras Welcomes Daere Akobo and Delegation from PANA Holdings for Strategic Discussions on Africa’s Energy Future Business
  • PMCF Advises Enviroplas on Its Merger With Aurora Plastics, a Portfolio Company of Nautic Partners
    PMCF Advises Enviroplas on Its Merger With Aurora Plastics, a Portfolio Company of Nautic Partners Business
  • Carbon Neutral Data CenterGlobal Market 2024 To Reach .56 Billion By 2028 At Rate Of 24.1%
    Carbon Neutral Data CenterGlobal Market 2024 To Reach $21.56 Billion By 2028 At Rate Of 24.1% Business
  • Luxury and Long-Lasting Fragrances Dominate the Changing Perfume Market in Qatar
    Luxury and Long-Lasting Fragrances Dominate the Changing Perfume Market in Qatar Business
  • A New Financial Vision Offers a Viable Pathway to Global Economic Stability and Peace
    A New Financial Vision Offers a Viable Pathway to Global Economic Stability and Peace Business
June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • OGARAJETS Welcomes Matt Lake as Head of Marketing & DataJune 17, 2025
  • New Tacoma Documentary ‘Take the Meat to the Streets’ Sparks National Interest in Local Outreach EffortJune 17, 2025
  • L’Office du tourisme de Taïwan renforce ses liens nord-américains avec l’ouverture à Seattle de son premier centreJune 16, 2025
  • A National Civilian-Driven In-Custody Death Reporting DatabaseJune 16, 2025
  • Jerry Brodsky Launches New Construction Law Firm After Decades of Industry-Leading PracticeJune 15, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • Corinium Global Intelligence Announces CDAO Fall 2025 in Boston, MA
    Corinium Global Intelligence Announces CDAO Fall 2025 in Boston, MA Business
  • War in Ukraine. Analytics. Day 713 pt3: Firing of Gen.Zaluzhny Will Begin His Political Career (pt3)
    War in Ukraine. Analytics. Day 713 pt3: Firing of Gen.Zaluzhny Will Begin His Political Career (pt3) World News
  • Veterans for America First Ask Georgia Legislatures to Consider Restricting Drag Shows
    Veterans for America First Ask Georgia Legislatures to Consider Restricting Drag Shows World News
  • Staffing Industry Leader NEXTAFF Opens Kansas City, Kansas, Office
    Staffing Industry Leader NEXTAFF Opens Kansas City, Kansas, Office Business
  • Day 460: war diaries w/Former Advisor to Ukraine President, Intel Officer  @arestovych  & #Feygin
    Day 460: war diaries w/Former Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Ukraine war: Accounts of Russian torture emerge in liberated areas – BBC News
    Ukraine war: Accounts of Russian torture emerge in liberated areas – BBC News World News
  • Global Healthcare Services Market: Advancements and Growth Trajectory
    Global Healthcare Services Market: Advancements and Growth Trajectory World News
  • Server Power Supply Units Market hits USD 3992.17 million by 2033
    Server Power Supply Units Market hits USD 3992.17 million by 2033 Aviation
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .