About Guinea Pig Food
The global guinea pig food market is expected to witness high growth during the forecast period owing to increasing demand and adoption of guinea pig and need to improve the palatability of guinea pig food. Guinea pigs are famous among kids, teenagers, and people of all age groups. This is because of their small size, adorable looks, and dense fur. Guinea pigs are also low maintenance than dogs and cats. These pets are smaller and less expensive than rabbits and take up less room. Moreover, they are active throughout the day and night, sleeping in shifts.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.2% |
The future of the guinea pig food market looks promising, with an emphasis on innovation, quality ingredients, and catering to the specific needs of guinea pigs. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Guinea Pig 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.
Oxbow Animal Health (United States), Sweet Meadow Farm (United States), Burgess Group PLC (United Kingdom), Smallpetselect (United States), F.M. Brown's Sons, Inc (United States), Ecotrition (United States), The Hartz Mountain Corporation (United States), Standlee (United States), Vitakraft pet care GmbH & Co. KG (Germany) and ZuPreem (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Guinea Pig Food market by Type (Non-Vegetarian and Vegetarian), Application (Adult, All Stages and Baby) and Region.
On the basis of geography, the market of Guinea Pig 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 Distribution Channel, the sub-segment i.e. Online will boost the Guinea Pig Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Trend of Pet Humanization
Market Growth Drivers:
Increasing Demand and Adoption of Guinea Pig and Need to Improve Palatability of Guinea Pig Food
Challenges:
Stringent Rules & Regulations
Restraints:
Limited Availability of Ingredients and Price Sensitivity
Opportunities:
Shifting Focus toward Premium Guinea Pig Foods
Market Leaders and their expansionary development strategies
In January 2022, Manna Pro Products acquired Oxbow Animal Health, a company offering food for small animals including guinea pigs. This could potentially impact the guinea pig food market by giving Manna Pro a larger market share and potentially influencing product development.
In October 2022, PFMA Launches New Pet Size-O-Meter For Guinea Pigs, With this latest addition, there is now a total of five Pet Size-O-Meters (available for cats, dogs, rabbits, birds and guinea pigs), all designed to encourage pet owners to take a conscious control of their pet’s weight and better understand what constitutes a healthy size.
FDA's Center for Veterinary Medicine (CVM) is responsible for the regulation of animal food (feed) products. The FD&C Act sets forth requirements for "foods" in sections 402 and 403. Failure to meet these requirements can result in a product being deemed adulterated or misbranded. Adulteration means food packaged or held under unsanitary conditions, food or ingredients that are filthy or decomposed, and food that contains any poisonous or deleterious substance, or other contaminants. Food may be considered misbranded if its labeling is false or misleading in any way or fails to include required information.
Key Target Audience
Manufacturers of Guinea Pig Food, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Guinea Pig Food, Food Industry, Governmental Bodies and Research Firms
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.