Global Animal Food Market - Industry Size, Share, Trends, Analysis, And Forecasts 2016 - 2024
Rise in the awareness about the nutritional requirement of animals is creating space for the growth of animal food market. Earlier, pet owners used to feed scraps and leftovers from the family meal, which used to cause allergic reactions in pets. Nowadays, they are considering the nutritional elements in adequate diet that pets require for their overall growth.
One trend that is observed in recent years is pet-parenting. The trend is shaping the animal food market in the developed country. Statistically, over one third household of developed countries own pet. These owners tend to provide best of care to the pets in terms of veterinary or food.
The buyers are becoming concerned about the food items and tend to purchase food items that are natural, locally grown, and offers digestive benefits. These factors are pushing the sale of specialized and premium pet food items. The premium pet foods are high on demand when compared to mid-priced products. Further, pet humanization is creating huge opportunity for animal food market. This is resulting in increased health consciousness among pet owners. Further, it is generating demand for pet food items free of chemical additives, sugars, dyes and grains.
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The pet food market is segmented into cat, dog, bird, and others. The dog food market is likely to dominate among all other segments and is expected to grow rapidly in the forecast period. Further, bird food also offers growth opportunity for animal food market.
Government bodies are also introducing programs encouraging adoption of pets. This, in turn, is enhancing the adoption rate of dogs and cats. Rising concern about the health 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 are dominating in the animal food market.

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The global animal food market report covers all its pivotal aspects in order to confirm or deny market speculations and help create a uniform and consistent conclusion regarding the global animal food market’s future. The report thus helps visualize a trajectory for the market, along which companies can generate their own portfolio and strengthen their market position.
One of the more important aspects that the research report on the global animal food market tackles is the impact of certain food products on the health and well-being of animals. Certain products have been proven to cause pets discomfort or even illness, making consumers averse to buying them.
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