Pet Food Market Growing at a CAGR of 4.5% during 2019 - 2024 - IMARC Group

1. Global Pet Food Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Pet Food Market Overview: According to the latest report by IMARC Group, titled “Pet Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global pet food market size reached US$ 98.3 Billion in 2018. Over the years, there has been a rise in pet adoption rates across the globe, which has accelerated the demand for pet food. Various studies conducted by the manufacturers have also increased the knowledge of pet nutrition among owners. In line with this, they are now opting for products which ensure palatability and meet the nutritional requirements of pets. Moreover, manufacturers are introducing pet food which is formulated according to the specific breed, age and size of pets in smaller, disposable, single-serve containers in order to offer convenience to both the pets and their owners. Pet Food Market Trends Pet owners have started to treat their pets as a member of the family and have become highly sensitive towards their pets’ needs. This trend of pet humanization has encouraged pet food companies to develop healthier and organic products which aid in reducing or controlling weight and avoiding obesity.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Besides this, the rapid expansion of the e-commerce sector has popularized the online retailing of pet food since it is convenient and profitable for both the buyers and sellers. Moreover, governments of several countries have taken initiatives to protect pet health by regulating the manufacturing process and promoting the use of safe and healthy ingredients. Looking forward, the market value is projected to reach US$ 128.4 Billion by 2024, growing at a CAGR of 4.5% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/pet-food-market/requestsample

5. Report Description and Highlights Report Description In addition, it has also led to several innovations in the taste and flavor of pet food with recipes showing a strong influence from social dining. Key Market Segmentation: Market Segmentation by Pet Type • • • Dog Food Cat Food Others Based on the pet type, dog food currently accounts for more than half of the total global market share, followed by cat food and others. For more information, click here: https://www.imarcgroup.com/pet-food-market Market Segmentation by Product Type • Dry Pet Food

6. Report Description and Highlights Report Description • • Wet and Canned Pet Food Snacks and Treats On the basis of the product type, the report finds that dry pet food holds the largest share in the market. Some of the other popular product types include wet and canned pet food, and snacks and treats. Market Segmentation by Pricing Type • • Mass Products Premium Products The market has been categorized based on the pricing type into mass and premium products. Amongst these, premium products dominate the market, holding the largest share. Market Segmentation by Ingredient Type • • Animal Derived Plant Derived

7. Report Description and Highlights Report Description Based on the ingredient type, the market has been segregated into animal-derived and plant- derived pet food. Amongst these, animal-derived ingredients represent the leading segment. Market Segmentation by Distribution Channel • Supermarkets and Hypermarkets • • • Specialty Stores Online Stores Others The market has been classified on the basis of the distribution channel into supermarkets and hypermarkets, specialty stores, online and others. Presently, supermarkets and hypermarkets are the largest distribution channel. Market Segmentation by Region • Asia Pacific

8. Report Description and Highlights Report Description • • • • Europe North America Middle East and Africa Latin America Region-wise, North America exhibits a clear dominance in the market. Other major regions include Asia Pacific, Europe, Latin America, and Middle East and Africa. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • • • Mars PetCare Inc Nestlé Purina PetCare, Hill's Pet Nutrition Proctor & Gamble Co Del Monte Foods

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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