ALBANY,
New York, September 16, 2014 – In a recent report titled ‘Pet
Food Market - Global Scenario, Trends, Industry Analysis, Size, Share
And Forecast 2011 – 2017’, Transparency Market Research states
that the global pet food market was worth US$58.6 billion in 2011 and
is expected to grow to US$74.8 billion by 2017 at a 4.2% CAGR.
The
TMR report analyses the global market for pet food and offers key
insights into the scope and dynamics of the industry. The report
segments the pet food market on the basis of pet type, food type, and
geography. The three major categories that the pet food market caters
to are cat food, dog food, and others. The various types of pet food
include nutritious food, wet/canned food, dry food, and
snacks/treats. The report divides the global pet food market into
four main regions on the basis of geography: North America, Europe,
Asia-Pacific, and Rest of the World.
Browse
Full Report :
http://www.transparencymarketresearch.com/pet-food-market.html
Accounting
for 39% of the overall pet food market share, dry pet food is the
largest segment, followed by snacks/treats with 21%. Wet/canned pet
food makes up 7% of the pet food market share, while nutritious food
accounts for 3%. With nearly 40% of the global pet food industry
share, North America dominates the scene. The North American regional
market for pet food was worth US$21.7 billion in 2011 and is expected
to grow at a CAGR of 3.5% to reach US$26.6 billion. Globally, Europe
is the second largest regional market for pet food and is forecast to
grow at a 4.4% CAGR from 2011 to 2017. Owing to increasing number of
people realizing the importance of keeping pets at home, the
Asia-Pacific region is expected to witness rapid expansion during the
forecast period, becoming the fastest growing regional market for pet
food.
The
global pet food market is primarily driven by growing urbanization
and rising purchasing power of people, leading to a subsequent change
in lifestyle. As the trend of nuclear families grows, more and more
families have started keeping pets at home. Moreover, increasing
awareness regarding pet health and pet humanization has influenced
buying decisions and fueled the growth of the pet food market.
On
the other hand, rising incidences of people being allergic to pets
and rising obesity levels in pets consuming high-fat content pet food
is expected to restrain the growth of the pet food market.
Get
The Sample Report PDF :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=489
The
report features a detailed section on the competitive landscape and
highlights strong and potential industry players. Some of the leading
companies mentioned in the global pet food market report are Del
Monte Foods Co., Uni-Charm Corp., Mogina Alimentos SA, Agrolimen SA,
Marc Inc., Total Alimentos SA, Colgate-Palmolive Co., Nutriara
Alimentos Ltda., Proctor & Gamble Co., and Nestlé
SA.
About
Us
Transparency
Market Research is a global market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. We are
privileged with highly experienced team of Analysts, Researchers, and
Consultants, who use proprietary data sources and various tools and
techniques to gather, and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact:
Sheela
AK
90
State
Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA/Canada
Toll Free: 866-552-3453
Blog:
http://www.tmrblog.com/
