About Animal and Pet Food
Pet food is an emerging market defined as nutritional and dietary supplements for non-human animals. According to the study continuous development in the animal supplement market evolving the mindset of supplement manufacturers, veterinarians, and animal owners. Today animal owners are not completely relying on medicinal products, but also focusing towards nutritional alternatives for both disease management and health promotion. These pet supplements are available both in conventional pet foods and as individual supplements. The pet supplements and nutraceutical market emerged in the 1990s. From that duration, this market witnessed a rapid increase in new market players and investment from existing players operating in the pet health market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The manufacturers are operating in this industry are expanding their geographical regions in new regions by adopting various organic and inorganic market growth strategies such as mergers & acquisitions, expansions, investments, new solution launches, and many others. Key players are exploring new opportunity areas through expansions and acquisitions across the globe to avail of competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Animal and Pet Food market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mars, Inc. (United States), Nestle Purina Petcare Company (United States), Colgate-Palmolive Company (United States), The J.M. Smucker Company (United States), Blue Buffalo Pet Products, Inc. (United States), The Hartz Mountain Corporation (United States), Hill’s Pet Nutrition, Inc. (United States), Lupus Alimentos (Brazil), Total Alimentos SA (Brazil) and WellPet LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Diamond Pet Foods (United States), Beaphar (United Kingdom) and Diamond Pet Foods (United States).
Segmentation Overview
AMA Research has segmented the market of Global Animal and Pet Food market by Type (Animal-derived, Plant-derived, Cereals and Cereal Derivatives and Others), Application (Production Animals {Hen, Cow, Goat, and Others} and Companion Animals {Dog, Cat, Fish, and Others}) and Region.
On the basis of geography, the market of Animal and Pet Food has been segmented into 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). If we see Market by Sales Channels, the sub-segment i.e. Specialized Pet Shops will boost the Animal and Pet Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Dry Pet Foods will boost the Animal and Pet Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
North America Holds Largest Share in this Market and Advancement in Manufacturing Capabilities and Distribution Network in European Regions
Market Growth Drivers:
Increasing Adoption Pets from Household Sector and Rising Focus Towards Building Business Around Animal Health Domain
Challenges:
Increase in Complexity in Regulatory Environment
Restraints:
Fluctuation in the Price of Raw Materials
Opportunities:
The Emergence of Standalone Animal Health Business
Market Leaders and their expansionary development strategies
In December 2023, Waste Connections of Canada Inc., based in Ontario, has entered into an agreement with Secure Energy Services Inc. to acquire a portfolio of 30 waste treatment and disposal facilities in western Canada for an aggregate purchase price of approximately USD 792 million plus certain adjustments as provided in the definitive purchase agreement.
In Oct 2020, Redbarn Pet Products announced the launch of a specialty dry dog food collection with advance three protein-rich whole grain benefits. Through this initiative, the company is becoming more competent in this industry.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Animal and Pet Food Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.