Market Highlights: Pet Food are generally manufactured from plant or animal materials which are consumed by the pets. Pet Food market is expected to mark significant growth over forecasted period owing to increasing consumers spending on nutritional foods for pets and dietary benefits and ethically-sourced products are propelling the market. There has been significant rise in number of people purchasing pet food and supplies with figure stood up to 31.68 Billion in United States alone in 2018, the future for Pet Food looks promising. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the Pet keeping. The market study is being classified by Type (Dry Pet Foods, Wet Pet Foods, Veterinary Diets, Treats/Snacks and Organic Products), by Application (Dogs, Cats, Pigs and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Pet Food are Mars Inc. (United States), Nestle Purina Petcare (United States), Nutriara Alimentos Ltda (Brazil), InVivo NSA (France), Yamahisa Pet Care (Japan), J.M.Sucker (United States), Wellpet (United States), Blue Buffalo (United States) and Diamond Pet Foods (United States).
Major Market Development Highlights In June 2018, General Mills acquired Blue Buffalo. This acquisition is beneficial in providing opportunity or potential for synergy in the target company. It also offers new models of pet foods as compared to traditional pet food products. In November 2018, Tyson’s launched a meal toppers for dogs which is beneficial in providing four medley flavors: beef, peas and carrots, beef and sweet potato, chicken, bacon and egg, and chicken, oat and apple. It also offers strong pipeline of prepared foods.
Key Questions Answered in the Report What will the Pet Food Market size and the growth rate be in Future? What are the key factors driving the Pet Food Market? What are the key market trends and macro-economic impacting the growth of the Pet Food Market? What are the challenges to market growth? Who are the key vendors in the Pet Food Market? What are the market opportunities and threats faced by the vendors in the Pet Food Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Pet Food Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pet Food market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pet Food market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Pet Food Manufacturers, Pet Food Traders, End-Use Market Participants of Different Segments of Pet Food, Government and Research Organizations, R&D Institutions and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.