Dietary food for pets is known as pet food. Pet food provides necessary nutrition and energy to pets.
A major factor driving growth of the global pet food market is rising pet ownership across the globe. In addition, rising health concerns and increasing demand for healthy and nutritious food for pets are other factors fueling growth of the global market. Pet allergies, asthma and other respiratory disease has led to a decline in pet adoption, which a factor expected to hamper market growth to a certain extent over the forecast period.
The global pet food market is segmented on the basis of product type, sales channel, application, and region. On the basis of product type, the global market is segmented into dry food, wet/canned food, nutritious food, snacks/treats, and others. The dry food segment is expected to account for highest share by 2020.
On the basis of sales channel, the global market is segmented into pet shops, online stores, hypermarkets, and others. The online stores segment is expected to witness highest growth over the forecast period.
On the basis of application, the global market is segmented into dog, cat, and others. The others segment include fish, birds, and reptiles. The dog segment accounts for highest market share and is expected to witness highest growth over the forecast period.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Market in North America accounts for highest market share in the global market. The Asia Pacific pet food market is expected to witness highest growth over the forecast period, owing to rising pet ownership and increasing concern related to pet health.
Key players in the global pet food market are Mars Petcare US Inc., Nestle Purina PetCare, Diamond Pet Foods, Hill’s Pet Nutrition, Tiernahrung Deuerer GmbH, Big Heart Pet Brands, WellPet LLC, Blue Buffalo Co. Ltd., Heristo Aktiengesellschaft, Unicharm Corporation, and other prominent players.