According to Goldstein Research, global pet food market is expected to reach USD 85.4 billion by 2024, growing at a CAGR of 5.6% over the forecast period 2016-2024. Major driving factor for expansion of pet food market is the increased awareness of pet nutrition and growing inclination of pet owners towards healthier and safer pet food products. Global pet food market segmentation has been done on the basis of food type, distribution channel, end user and geography. Based on food type, dry foods segment hold the largest market share i.e. 40.1% of global pet food market owing to its economic viability, ease of storage and longer shelf life.

Global pet food market is largely dominated by North America with a market share of 40.4% in 2016 due to the rising demand for nutritious pet food. Whereas APAC is projected to witness a robust growth with a CAGR of 7.3% over the forecast period.

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Market Segmentation

On the basis of our in-depth analysis, Global Pet Food Market can be segmented as follows:

By Food Type

o Dry food
o Wet food / Canned food
o Veterinary food
o Treat/Snacks
o Organic food
o Nutrition food

By Distribution Channel

o Online stores
o Retail stores
o Pet shops
o Hypermarkets/Supermarkets

By End users

o Dogs
o Cats
o Others (Fish, Birds, Livestock, etc)

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Pet Food Market Outlook 2024” contains detailed overview of the global pet food market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by food type, distribution channel and end user.

Further, for the in-depth analysis, Global Pet Food Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Mars Petcare Inc., Nestle Purina PetCare, Hills Pet Nutrition, Blue Buffalo, Big Heart Pet Brands, Spectrum Brands/United Pet Group, Unicharm Corp., Laroy Group, Heristo AG, Deuerer, WellPet, Ainsworth, Diamond Pet Foods, The Nutro Company, Tuffy’s Pet foods, Canine Caviar Pet Foods, Simmons Pet Foods, Nisshin Pet Food Inc., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global pet food market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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