Global Animal Food Market - IndustrySize, Share, Trends, Analysis, And Forecasts 2016 - 2024
Rise inthe awareness about the nutritional requirement of animals is creating spacefor the growth of animalfood market. Earlier, pet owners used to feed scraps and leftovers fromthe family meal, which used to cause allergic reactions in pets. Nowadays, theyare considering the nutritional elements in adequate diet that pets require fortheir overall growth.
One trendthat is observed in recent years is pet-parenting. The trend is shaping theanimal food market in the developed country. Statistically, over one thirdhousehold of developed countries own pet. These owners tend to provide best ofcare to the pets in terms of veterinary or food.
The buyersare becoming concerned about the food items and tend to purchase food itemsthat are natural, locally grown, and offers digestive benefits. These factorsare pushing the sale of specialized and premium pet food items. The premium petfoods are high on demand when compared to mid-priced products. Further, pethumanization is creating huge opportunity for animal food market. This isresulting in increased health consciousness among pet owners. Further, it isgenerating demand for pet food items free of chemical additives, sugars, dyesand grains.
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The petfood market is segmented into cat, dog, bird, and others. The dog food marketis likely to dominate among all other segments and is expected to grow rapidlyin the forecast period. Further, bird food also offers growth opportunity foranimal food market.
Governmentbodies are also introducing programs encouraging adoption of pets. This, inturn, is enhancing the adoption rate of dogs and cats. Rising concern about thehealth of pets is resulting investment on health and pet food items. Thereby,fuelling the expansion of animal food market. In the entire pet food market,dogs and cats contribute in total of 80% of the share. Further, dogs’ food aredominating in the animal food market.
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The globalanimal food market report covers all its pivotal aspects in order to confirm ordeny market speculations and help create a uniform and consistent conclusionregarding the global animal food market’s future. The report thus helpsvisualize a trajectory for the market, along which companies can generate theirown portfolio and strengthen their market position.
One of themore important aspects that the research report on the global animal foodmarket tackles is the impact of certain food products on the health andwell-being of animals. Certain products have been proven to cause petsdiscomfort or even illness, making consumers averse to buying them.
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