Global Pet Foods Market value is expected to exceed USD 100 Billion by 2028. Increasing consumer inclination towards high quality premium pet products is driving the market. The industry is highly competitive wherein companies are consistently performing product innovation to stay agile and achieve high ROI.
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Some key trends from the Global Pet Foods Equipment Market:
Trend#1: Innovative Product Packaging and Premiumization are Central to Companies Go-to-Market Strategy
Changing macoreconomic scenario has created favorable business opportunity for pet foods player. Rise in disposable income along with nuclear non-traditional families has led to higher per capita pet expenditure. As a result, demand for premium products has increased in last five years. Each year, over 2,700 pet products of different types are launched, of which premium products accounts for significant share. Value added products will be centric to growth of pet food demand.
Trend#2: Dog and Cat Foods to Account for Over 83% of Total Revenue Share in 2019
Adoption of cats and dogs as pet is increasing at 2.7%. Changing lifestyle and need for quality care has led to higher adoption. In North America, there are over 210 dogs per thousand people in the region – which is relatively higher compared to other regions.
Trend#3: Online Sales Chanel to Emerge as the Most Lucrative Channel for Industry Players
Online sales is fast becoming the preferred distribution channel for industry players owing to ease of buying and better marketing reach. Sales through online channel is growing at double digit rate. Online pet food and supplies increased to US$ 6.7 billion worldwide in 2018. By 2028, online sales channel is expected to capture 20% of total pet food sales. This will not only help leading players to generate high ROI, but also create platform for regional players to expand business presence worldwide.
Trend#4: North America to Dominate the Global Pet Foods Market
Globally, North America will reach over US$ 32 billion in 2019, registering significant growth primarily in premium products. The industry is highly competitive in North America, with significant presence of over 517 manufacturing facilities located in U.S. alone. U.S. accounted for 94.8% market share in North America.
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Some key global Pet Foods market players are Mars Petcare US Inc., Diamond Pet Foods, The Procter & Gamble Company, Hill’s Pet Nutrition, Nestle Purina PetCare, Big Heart Pet Brands, Heristo Aktiengesellschaft, Tiernahrung Deuerer GmbH, and WellPet LLC, Blue Buffalo Co., Ltd.
Key Topics Covered in Pet Food Market Report:
(*The list is partial. Contact Bekryl representative/request report sample to access complete TOC).
3.1. Profit Analysis
3.2. Key Players Across Value Chain
5.1. Pessimistic
5.2. Optimistic
5.3. Realistic
6.1. Drivers
6.2. Restraints
6.3. Opportunities
6.4. Trends
6.5. Porter’s Analysis
7.1. Dog Food
7.2. Cat Food
7.3. Bird Food
7.4. Fish Food
7.5. Others
8.1. Nutritious Food
8.2. Dry Food
8.3. Wet or Canned Food
8.4. Snacks
8.5. Others
9.1. Boxes
9.2. Cartons
9.3. Cans
9.4. Pouches
9.5. Bags
9.6. Others
10.1. Organic Ingredients
10.2. Scientifically Formulated Ingredients
11.1. Hypermarkets
11.2. Supermarkets
11.3. Specialty Pet Care Centers
11.4. Online Sales Channel
11.5. Veterinary Hospitals and Stores
11.6. Other General Stores
12.1. North America
12.2. Western Europe
12.3. Central & Eastern Europe (CEE)
12.4. Asia Pacific
12.5. Middle East
12.6. Latin America
12.7. Africa
13.1. Competition Dashboard
13.2. Distribution Channel Matrix
13.3. Company Profiles (Check above list of companies)
(The list is partial. Contact Bekryl representative to access detailed research scope)
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