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Pet Food Market to Reach US$ 71.1 Bn by 2029: TMR Study
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The growing inclination towards safe and sustainable meals and snacks or treat for pets will propel the demand for global pet food. The organic segment is anticipated to emerge dominant by generating revenue of US$ 23.5 Bn by the end of the forecast period. Among animal types, the cat section is anticipated to generate notable revenues on account of their rising adoption. Factors supporting the growth of cat segment's contribution in the pet food market share include the low maintenance, and more friendly approach.
With the increasing awareness about importance of pet food and its nutritional quality, vendors are focusing on the innovation and investing heavily on research and development. This investment is likely to turn fruitful in the form of new flavors in pet food and snack items.
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Some of the key players of the pet food market include Boulder Dog Food Company, Dave's Pet Food, Lafeber Co., Hill's Pet Nutrition, Champion PetFoods, Nestle Purina PetCare Affinity Petcare SA, and others.
Transparency Market Research, a global market research company registered at Wilmington, Delaware , United States , provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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Nikhil Sawlani
Transparency Market Research Inc.
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