Global Pet Foods Market Size to Surpass US$ 100 Billion by 2028, finds Bekryl Market Analysts

January 22 00:50 2019

Bekryl Market Intelligence Report | Global Pet Food Market | 2019
According to recently released market intelligence report by Bekryl, Global Pet foods market is expected to register 1.6X higher revenue in 2028 than that in 2018. 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. are key pet food market players.

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.

Request Pet Food Market Report Sample (PDF): https://bekryl.com/sample/sample-request/?bekryl=Get-Pet-Foods-Sample-Report.

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.

Access Pet Foods Market Insights/TOC Report: https://bekryl.com/industry-trends/pet-food-market-size-analysis

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).

  1. Research Methodology
  2. Executive Summary
  3. Value Chain Analysis

3.1.   Profit Analysis

3.2.   Key Players Across Value Chain

  1. Key Spending Analysis
  2. Market Growth Scenario

5.1.   Pessimistic

5.2.   Optimistic

5.3.   Realistic

  1. Pet Food Market Dynamics

6.1.   Drivers

6.2.   Restraints

6.3.   Opportunities

6.4.   Trends

6.5.   Porter’s Analysis

  1. Global Pet Food Market, By Pets (US$ Mn), 2018-2028

7.1.   Dog Food

7.2.   Cat Food

7.3.   Bird Food

7.4.   Fish Food

7.5.   Others

  1. Global Pet Food Market, By Food Type (US$ Mn), 2018-2028

8.1.   Nutritious Food

8.2.   Dry Food

8.3.   Wet or Canned Food

8.4.   Snacks

8.5.   Others

  1. Global Pet Food Market, By Packaging Type (US$ Mn), 2018-2028

9.1.   Boxes

9.2.   Cartons

9.3.   Cans

9.4.   Pouches

9.5.   Bags

9.6.   Others

  1. Global Pet Food Market, By Ingredient Type (US$ Mn), 2018-2028

10.1.                    Organic Ingredients

10.2.                    Scientifically Formulated Ingredients

  1. Global Pet Food Market, By Distribution Channel (US$ Mn), 2018-2028

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

  1. Pet Food Market, By Region (US$ Mn), 2018-2028

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

  1. Pet Food Market Competition Landscape

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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About Bekryl

Bekryl Market Analysts is a global market research and consulting service firm that helps industry stakeholders to take smarter decisions and achieve remarkable growth in today’s disruptive business environment. We bring together data, leader’s opinion and analytical service to help client define their growth strategy ranging from mergers and acquisitions based strategic decisions to finding market opportunity in business verticals namely chemicals, food & beverages, automotive, electronics and industrial production.

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