The global dog food market is estimated to reach at a value of US$ 11.1 Bn by the end of 2020 and expected to reach at a value of US$ 16.1 Bn by 2028 with a significant CAGR of 4.7%. The Global Pet Food market is growing at a higher pace owing to the increasing number of pet adoptions all around the world. The dog food market value is projected USD 88.15 billion by forecast. In the U.S., it is estimated that the recycling rate of PET stood at 28.4% in 2016. Based on product type segmentation, the chewable segment is estimated to be the . The increasing number of supermarkets, hypermarkets, convenience stores, and other retail chains in developed regions such as North America and the increasing adoption of dog and cat breeds is influencing market growth. Let's take a look at how the pet food market can be divided. The pet foods market is expected to grow . The global Pet food testing Market is projected to increase at a significant CAGR of 5.80% in the coming years. The global pet food market size was valued at USD 110.53 billion in 2021. The GCC pet food market was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The pet food market in the US is expected to post a CAGR of over 5% during the period 2019-2023, according to Technavio. The size of the global pet food market is will witness steady growth during 2018-2022 with significant contribution from the dog and cat food segments. Pet Food Market Size And Forecast Pet Food Market was valued at 86.24 Billion in 2019 and is projected to reach USD 122.77 Billion by 2027, growing at a CAGR of 5.17% from 2020 to 2027. It is projected to reach USD 44.5 billion by 2027, with a CAGR of 6.7%, in terms of value between 2022 and 2027. In 2021, shoppers aged between 45 and 64 accounted for the majority of pet store revenue with a 40.1 percent share, and therefore made up the largest target market in the United States. As the illustration mentions, the dog food market segmentation can be attributed to the demographics, breed The global pet food ingredients market size was valued at USD 39.94 billion in 2018 and is likely to expand at a CAGR of 5.9% during the forecast period. In addition, the report organizes information about the consumption (growth rate and revenue) of every . The Wet Canned Pet Food market size, estimations, and forecasts are provided in terms of and revenue (USD millions), considering 2021 as the base year, with history and forecast data for the period. The COVID-19 pandemic negatively impacted supply chains globally. What are the major countries covered in the Dog Food Market? [278 Pages Report] According to MarketsandMarkets, the global pet food ingredients market is estimated to be valued at USD 32.2 billion in 2022. Global Pet Food Market. Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC . Pet Food Market Size. The global Pet Food Nutraceutical market size is projected to reach multi million by 2028, in comparison to 2022, with unexpected CAGR during the forecast period, the Pet Food Nutraceutical Market . The increasing popularity of organic, natural, and healthy food boosts the growth of the pet food market in US. The U.S. pet food market size to reach USD 34 billion by 2022, growing at a CAGR of 4% during 2016-2022. You seek to identify groups among dog owners, with the objective of finding the group(s) who will appreciate the extra care and quality found in every; Question: Case Study: Market Segmentation, Pets and Pet Food Market You are the marketing manager for Acme Dog Nutrition, an organic, gluten-free food for active dogs. Based on pet type segmentation, the dog segment was estimated to hold the maximum market share in the year 2021. Pet Food Market Size, Percentage Of GDP, 2015-2025, Global Who are the major players operating in the Dog Food Market? The demand for Pet food testing is projected to increase substantially in the coming years. Our report has categorized the market based on product type, pricing type, ingredient type, and distribution channel. Pet Food Market Size. The key players of global gluten-free pet food market are Mars Inc., Solid Gold Pet LLC, Purina (Nestl Group), The Nutro Company, Three Dog Bakery, Blue Buffalo Co. Ltd., Merrick Pet Care Inc., Wellpet LLC, Champion Petfoods, Midwestern Pet Foods, and Pets Global Inc. Pet food is a special food which is used for animals and it is formulated according to animal's nutritional needs. Pet Food Market Metrics 13.1. The psychographic factors of greatest value when segmenting U.S. pet owners are measures of the human-pet relationship. Increasing social media penetration is expected. Pet Food Ingredient Market Size And Forecast, Pet Food Ingredient Market size was valued at USD 41.1 Billion in 2020 and is projected to reach USD 64.7 Billion by 2028, growing at a CAGR of 6.69% from 2021 to 2028. The major challenges faced by the recycling companies is the collection and sorting of the PET packaging products such as PET food trays, PET bottles, etc. Basically, pet owners are divided into groups based on their attachment to, attitudes toward and relationship with their pets. According to the survey statistics of over 8000 people by the Pet Food Manufacturers Association (PFMA), dog population increased from 5.1 million in the year 1970 to 9.0 million in the year 2020. Request for Sample Report. By pricing, the global pet food market is segmented into super premium, premium and economic segments. Due to the COVID-19 pandemic, the global Prescription Pet Food market size is estimated to be worth USD million in 2021 and is forecast to a readjusted size of USD million by 2028 with a CAGR of %. The sales channel. As a result of the Pet Food Nutraceutical market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts. 2. The global pet food market is expected to grow from $74.6 billion in 2019 to $88.5 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. Looking forward, IMARC Group expects the market to reach US$ 154.04 Billion by 2027, exhibiting a CAGR of 5.42% during 2022-2027. The Flavour for Pet Food Market study offers an in-depth assessment of various customer journeys pertinent to the and its segments. The wet pet food market was worth $69.1 billion in 2018 and is forecasted to reach $XX billion by 2026, at a CAGR of XX% during the forecast period. Pet food is the largest segment of the Pet Care Market. Global Pet Food Market is valued at USD 89.65 Billion in 2020 and is expected to reach USD 118.77 Billion by 2027 with a CAGR of 4.1% over the forecast period. The report further mentions that the pet food market size stood at USD 90.13 billion in 2019 and is projected to reach USD 127.21 billion by 2027, thereby exhibiting a CAGR of 4.60% during the . The market is expected to register a slow growth from $74,554.1 million in 2019 to $ 75,494.8 million in 2020 at a growth rate of 1.26%. Pet Foods market size was valued at $87,268.2 million in 2020, and is projected to reach $133,430.9 million by 2032, registering a CAGR of 4.6% NEW YORK CITY, NEW YORK, UNITED STATES, August 16,. Pune, India, Nov. 09, 2021 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, the global pet care market size is expected to reach USD 325.74 billion by 2028, exhibiting a CAGR of 5.6% . Pet Market Sales The third graph shows pet market sales between 2011 and 2018, and shows a steady increase. The pet owners are gaining awareness about the harmful preservatives and other additives used in packaged food and thereby . The Global Pet food ingredient market report segments the market by ingredient type, source, and pet type. The global pet food market is expected to grow from $74.6 billion in 2019 to $75.5 billion in 2020 at a compound annual growth rate (CAGR) of 1.3%. Pet Food Market Size, Share, Trends Analysis & Industry Report Segmentation by Product (Dry Food, Wet/Canned Food, Nutritious Food, Snacks/Treats and Others), By Application (Dog, Cat and Others), and By Region. 1. The dog food market is expected to grow at a significant rate in the near future. Looking forward, the market is projected to grow at a CAGR of around X% during 2022-2027, reaching a value of US$ XX Billion by 2027. Pet Food Market Segmentation allows each market segment to receive a product that is better suited to its needs. . The Pet Food market, as per the outcome type, is segmented into Staple, food and Snacks. Although the pet population growth has been negligible during recent years, sales of pet food increased from 2016 to 2020 and are forecast to continue growing during the 2021-2025 period. By using Differentiated Marketing strategies, pet food manufacturers are able to be more targeted in their promotions, advertising campaigns and sales strategies by basing them on what works best for each segment of the market. An outline of the market segmentation. 3. The market is projected to grow from USD 115.50 billion in 2022 to USD 163.70 billion by 2029, exhibiting a CAGR of 5.11% during the forecast period. Sales in the U.S. frozen pet food market are expected to rise at a 3.2% CAGR through 2032. Pet Food Market in US: Segmentation Analysis. Breakup by Product Type: Final Report will have an in-depth analysis of the COVID-19 impact on the Pet Food Market. Our market research reports in this collection help pet food industry players understand the trends contributing to growth in the pet food market as well as non-food markets in light of the sheer number of . Rise in per capita disposable income, increase in trend of nuclear families, and rapid increase in humanization are some of the major factors driving the market growth. For good reason. Global Other Pet Food Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) 13. Senior pets provide fertile ground for innovation Dog food market segmentation in this report includes product type, ingredient type, pricing, distribution channel and key countries in each geographic region. IMARC Group provides an analysis of the key trends in each sub-segment of the global dog food market, along with forecasts at the global and regional level from 2022-2027. Pet food market segmentation The pet food market is not segmented as straightforwardly as many people assume. The Pet Food Treats Market was estimated at USD 70 billion in 2022 and is estimated to reach up to USD 96.7 billion by 2030 with a compound annual growth rate (CAGR) of over 5. Global Pet Food Market was valued at USD 87.21 billion by 2018 which is expected to reach at USD 105.87 billion by 2027 at a CAGR 4.5%. You believe that not all . Experiencing 25% growth between 2013 and 2018, the popularity of small dogs has become a global phenomenon and has driven much of the recent development in pet food, providing further segmentation and higher margins for the industry. 1.To gain an in-depth understanding of Dry Pet Food Market, 2.To obtain research-based business decisions and add weight to presentations and marketing strategies, 3.To gain competitive knowledge. Market Segmentation. What is the future market value for Dog Food Market? Thus, the increasing demand for Pet food will demand more supply of pet food ingredients, thereby boosting the market for pet food ingredients. The global pet food market reached a value of nearly $74,554.1 million in 2019, having increased at a compound annual growth rate (CAGR) of 2.7% since 2015. The business share acquired by every product type and the prediction revenue is included in the report. Segmentation. . 1. Pet food is the feed given to the pet animals, which includes animal or plant material. The growth of premium food could be . [372 Pages Report] The pet food ingredient market size was valued at US$ 11.49 Bn in 2021 and is projected to grow at a steady CAGR of 5.4% between 2022 and 2032, totaling a valuation of US$ 20.5 Bn by 2032. Pet food is generally categorized into various types such as Wet . Millennials are now the largest group of pet owners, with baby boomers a close second. Animal derived frozen pet food is expected to hold a market share of over 40% in the forecast period. It was followed by cat population, which observed a growth of 4.6 million in the year 1970 to 7.5 million in the year 2020. The global dehydrated pet food market is projected to reach US$ 8.6 Bn, registering a CAGR of 4.9% during the forecast period (2022-2032). Segmentation Market size Top 10 Australian Pet Food Industry Statistics The Australian pet food industry was worth AUS$3.9 billion (US$2.9 billion) in 2021 Pet food production in Australia has grown 3.8% per year since 2016 The Australian pet food market is expected to grow by 2.7% per annum until 2026 What is the growth rate of the Dog Food Market? Dog food market share in 2016 is occupied by the companies including Nestle S.A., Mars Pet Care, Inc., Colgative Palmolive Co. and Procter & Gamble Co. and many others. Global "Pet Food Processing Market" 2022 Research gives information about the top regions of the world and countries with their regional development status, volume, share, recent trends, market size, value, and price data.It gives complete outline of business improvement plans of top producers, current industry status, development, latest innovations, segmentation, sections and future degree. The global pet food market reached a value of US$ 112.87 Billion in 2021. The global pet food market size is expected to grow from $76.69 billion in 2021 to $84.75 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. Global Pet Food Market is valued at USD 89.65 Billion in 2020 and is expected to reach USD 118.77 Billion by 2027 with a CAGR of 4.1% over the forecast period. The United Kingdom was the largest pet food market in the EU28, followed by Germany and France. Three dimensions of pet ownership can help segment pet owners' buying behaviors: The emerging awareness about the nutritional benefits of minerals, dietary fiber, carotenoids, and omega-3 fatty acids in pet nutrition emerged as the primary factors towards the development . View Essay - Dog Food Segmentation from MANAGEMENT 101 at Management Institute Of Durgapur. North America is one of the fastest-growing pet food packaging markets. However, still, no major alternative to PET food trays has emerged in the food packaging market. The report further mentions that the pet food market size stood at USD 90.13 billion in 2019 and is projected to reach USD 127.21 billion by 2027, thereby exhibiting a CAGR of 4.60% during the . Those aged. In 2021, the global Pet food testing market was valued at USD 6792.5 million and projected to reach USD 9526.73 million by 2028. Dog food was the largest pet food category with retail sales of Can$2.8 billion (65.4% market share) in 2020, while cat food was the second largest pet food category with retail sales valued at Can$1.4 billion representing a 32.7% market share in 2020. The animal type segment is segmented into cat, dog, bird and other animals. Europe Pet food market has been estimated at USD 22.39 Billion in 2021 and is projected to reach USD 26.15 Billion by 2026, at a CAGR of 3.15% during the forecast period from 2022 - 2027. The Pet Food Market is estimated to grow from USD 89.25 Billion in 2019 to USD 128.60 Billion by 2027, at a CAGR of 4.7% from 2020-2027. Detailed Segmentation Analysis of the Pet Food Industry: The global market for pet food is broadly segmented as wet pet food, dry pet food, and veterinary food based on the product. Increasing social media penetration is expected. The overall sales of dehydrated pet food for dogs are expected to surpass US$ 13.8 Bn by the end of 2032. When used for pets, gluten-free products help to provide health benefits . Pet Food Market is accounted for USD 90 Billion in 2019, growing at a robust CAGR of 5.2% during forecast period. Pet Food Processing market is segmented by region (country), players, by Type and by Application. the dog food market is segmented by product (dry food, wet food, veterinary diets, treats and snacks, and other products), ingredient type (animal-derived, plant-derived, cereals and cereal derivatives, insect- derived and other ingredient types), distribution channel (specialized pet shops, supermarkets/hypermarkets, online channel, and other Dehydrated Pet Food Market Size (2022E) US$ 8.6 Bn Dehydrated Pet Food Market Projected Size (2032F) US$ 13.8 Bn Value [] Owing to the restrictions in the movement of raw materials, the pet food industry suffered initially in terms of supply and cash flow. India will account for 35.6% of the South Asia frozen pet food market share over the forecast period. When marketing to pet owners, a substantial amount of emphasis has been placed on segmentation by the demographics of generation (age), gender and income, as well as the geographic variables of rural, suburban and urban localities. . It offers different client impressions about the things and. The global pet food market size was valued at $87,268.2 million in 2020, and is projected to reach $133,430.9 million by 2030, registering a CAGR of 4.6% from 2021 to 2030. The global pet food market is expected to grow from $74.6 billion in 2019 to $88.5 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. Pet Food Processing Market Growth and Forecast (2022 - 2027): The global Pet Food Processing Market size was valued to be USD 4.4 billion in 2021, and it is predicted that it will reach a value of USD 6.2 billion by 2027 at a CAGR of 5.1% over the outlook period.. Market Overview: Pet food is a high-grade animal food for consumption between pets, and its quality is suitable for human . The global pet food market is projected to register a CAGR of 4.6% during the forecast period 2022-2027. The market is estimated to grow at a CAGR of 7.8% from 2021 to 2028 . The presence of large packaging companies, such as Amcor Ltd and Mondi PLC, drive investments for innovation and research and development [] Size of the Pet Food Market Our second graph shows us that in 2016, pet owners spent 24.6 billion dollars on pet food and supplies, and the forecast shows that by 2022, we'll be spending more than 30 billion. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the . North America Vegan Pet Food Market is projected to reach to US$ 6,485.86 million by 2028 from US$ 3,845.64 million in 2021. 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