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Global Pet Food Market 2023-2027

Global Pet Food Market 2023-2027

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Global Pet Food Market 2023-2027
The pet food market is forecasted to grow by USD 35.75 bn during 2022-2027, accelerating at a CAGR of 5.71% during the forecast period. The report on the pet food market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for organic pet food, marketing campaigns and packaging innovations, and increasing preference for functional and fortified pet food.

Technavio's pet food market is segmented as below:

By ProductDry foodWet foodSnacks and treatsBy TypeDog foodCat foodOthersBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the increasing demand for pet food with savory ingredients and smaller portions as one of the prime reasons driving the pet food market growth during the next few years. Also, rising demand for grain-free and freeze-dried pet food and growing trend of personalized nutrition in pet food and increased transparency regarding sourcing and processing of pet food will lead to sizable demand in the market.

The report on the pet food market covers the following areas:Pet food market sizingPet food market forecastPet food market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pet food market vendors that include Agrolimen SA, Archer Daniels Midland Co., C and D Foods Ltd., Colgate Palmolive Co., General Mills Inc., Global Pet Foods, Hartz Mountain Corp., Himalaya Global Holdings Ltd., Mars Inc., Merrick Pet Care Inc., Nestle SA, Nippon Pet Food Co. Ltd, NutriSource Pet Foods, Premier Petfoods Company Pty Ltd, Schell and Kampeter Inc., Sunshine Mills Inc., The J.M Smucker Co., Tiernahrung Deuerer GmbH, Wellness Pet Co. Inc., and Unicharm Corp.. Also, the pet food market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

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