Global Pet Foods Market Overview:
Pet food is a specialized food for domesticated animals that is designed to meet their nutritional requirements. Meat, meat byproducts, cereals, grains, vitamins, and minerals are common ingredients in pet food. The main ingredients in pet food are meat, poultry, and seafood byproducts, feed grains, and soybean meal. Livestock, horses, and house pets that have been put to sleep are among the animals used in rendering. Damaged carcass parts, bones, and cheek meat, as well as organs such as intestines, kidneys, liver, lungs, udders, spleen, and stomach tissue, may be used for pet food. Cereal grains, such as soybean meal, corn meal, cracked wheat, and barley, are frequently used to improve product consistency and reduce raw material costs.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2022-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing The Demand For High Protein Pet Foods Among Consumers
Market Growth Drivers:
Rapidly Upsurge In Humanization Are Fuels The Growth Of Pet Food Market and Increasing Pet Adoption In Leads The Demand For Pet Foods
Challenges:
Presence Of Cheap Quality Pet Food At Low Price In Market and Intense Competition Among Key Players
Restraints:
High Cost Associated With Premium Quality Pet Foods
Opportunities:
Growing Sales Of Pet Food On E-Commerce Platforms and Government Of To Promote The Use Of Safe And Healthy Ingredients To Develop The Wellness Of Pets
Competitive Landscape:
The market for Pet Foods is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Some of the key players profiled in the report are Diana Group (France), Belcando (Germany), Tomlyn (United States), Arden Grange (Denmark), Nestle SA (Switzerland), Reflex (Turkey), Pala-Tech Laboratories (United States), Baja Yucca Company (United States), Midoricide (United States), The J.M. Smucker Company (United States) and Unicharm (Japan). Additionally, following companies can also be profiled that are part of our coverage like Mars Incorporated (United States), Colgate-Palmolive (United States), Hill’s Pet Nutrition (United States), Deuerer (Germany) and WellPet (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Pet Foods market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Specialized Pet Shops will boost the Pet Foods market. Considering Market by Ingredient, the sub-segment i.e. Grape Seed Extract will boost the Pet Foods market. Considering Market by Pet Type, the sub-segment i.e. Dog will boost the Pet Foods market.
On 8 September 2021, Freshpet (FRPT) announced the release of Spring & Sprout, its first-ever fresh, vegetarian dog food. Spring & Sprout, created by Freshpet's veterinarian nutritionist, combines healthy plant-based proteins with cage-free eggs, fruits, and vegetables for balanced nutrition for dogs. and On 09th Aug 2021, Diamond Pet Foods has launched a new range of high-performance dog foods, Diamond Pro89 Beef, Pork & Ancient Grains Formula for Adult Dogs, in order to meet these needs. As its name implies, Diamond Pro89 gets 89 percent of its protein from animal-based ingredients that are high in critical amino acids.
The Food and Drug Administration (FDA) regulates the manufacture of cat food, dog food, and dog treats or snacks you have in your pantry. The FDA’s regulation of pet food is similar to that for other animal foods. The Federal Food, Drug, and Cosmetic Act (FD&C Act) requires that all animal foods, like human foods, be safe to eat, produced under sanitary conditions, contain no harmful substances, and be truthfully labeled. In addition, canned pet foods must be processed in conformance with the low acid canned food regulations to ensure the pet food is free of viable microorganisms, see Title 21 Code of Federal Regulations, Part 113 (21 CFR 113).
What Can be Explored with the Pet Foods Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Pet Foods Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Pet Foods
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pet Foods 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 Foods 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 Foods Manfacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to 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, USPTO, EPO, Annual reports, press releases etc.