Global Pet Food Market Size
The top five global pet food brands are hovering at a relatively low market share of 35.
Global pet food market size. Over the years the growing number of pet owners has resulted in an extensive demand for pet food. The global pet food market was worth us 102 7 billion in 2019. 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. Pet food market 2020 global industry research report presents an in depth analysis of the pet food market size growth share segments manufacturers and technologies key trends market drivers.
Those figures represent a 6 percent compound annual growth rate cagr since 2013 and 31 overall growth during the same period. The global pet industry is considered one of the fastest growing market segments. Thank you medical professionals. Packaged pet food provides standard nutritional value required in pet s daily life.
It is expected to reach usd 113 08 billion by 2025 growing at a cagr of 4 5 percent. Increasing consumer awareness regarding natural and organic pet food products has forced the manufacturers to shift their focus from synthetic to natural products which has acted as one of the major forces impacting the global pet food market. Opportunities in south east asia for value for. Find your nearest location.
This is projected to drive market growth over the forecast period. 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 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 global pet food market size was estimated at usd 83 02 billion 2018 and is expected to grow at a cagr of 4 5 over the forecast period. This report covers covid 19 impact analysis on pet food market. Research and studies conducted by the manufacturers have also increased their knowledge of pet nutrition. The global pet food market size was worth 91 billion in 2018.
We are giving away 2 000 bags of acana or orijen pet food giving back. The download below contains a global overview of market figures illustrating the state of the pet industry worldwide.
The Global Pet Food Market Size Was Valued At 79 54 Billion In 2017 Pet Food Market Analysis Forecast To Grow At A Modes Analysis Marketing Industry Research
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Mclean Virginia Based Mars Is Already The Biggest Pet Food Company In The World It Held A Quarter Of The Us 71 77 Billion Global Pet Food Market As Of 2015
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