Global Pet Food Market 2019
It is expected to reach usd 113 08 billion by 2025 growing at a cagr of 4 5 percent.
Global pet food market 2019. Increasing consumer awareness regarding natural and organic pet food products has forced the manufacturers to shift their focus from synthetic to natural products which have acted as one of the major forces impacting the global market. The global pet food market is expected to continue witnessing growth over the next five years and is projected to reach 98 billion by 2024 owing to the increasing number of pet owners across the. We are giving away 2 000 bags of acana or orijen pet food giving back. This report covers covid 19 impact analysis on pet food market.
Global pet food industry by market size and growth. The global pet food market size was valued at usd 90 13 billion in 2019 and is projected to reach usd 127 21 billion by 2027 exhibiting a cagr of 4 60 during the forecast period 2020 2027. The download below contains a global overview of market figures illustrating the state of the pet industry worldwide. Thank you medical professionals.
The global pet food market size was valued at usd 83 02 billion in 2018 and is expected to grow at a compound annual growth rate cagr of 4 5 from 2019 to 2025. In 2019 north america is the largest geographical segment of the market studied and accounted for a share of around 39 2 of the overall market. In 2019 north america is the largest geographical segment of the market studied and accounted for a share of around 39 2 of the overall market. Where pets are a part of the family.
The global pet food market size was worth 91 billion in 2018. This is projected to drive market growth over the forecast period. Global and local brands in south east asian the top five global pet food brands. The global pet food market size is expected to reach usd 113 08 billion by 2025 as per a new report by grand view research inc.
The global pet food market henceforth referred to as the market studied was valued at usd 87 08 billion in 2018 and it is expected to register a cagr of 5 4 during the forecast period. The global pet food market was worth us 98 3 billion in 2018 growing at a cagr of 5 3 during 2011 2018. The global pet industry is considered one of the fastest growing market segments. The market is further projected to reach a value of us 128 4 billion by 2024 growing at.
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