The Dog And Cat Food Global Market Report 2023, provides comprehensive information on the dog and cat food market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/dog-and-cat-food-global-market-report
As per The Business Research Company’s Dog And Cat Food Global Market Report 2023, the market size is expected to grow from $54.70 billion in 2022 to $58.40 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global dog and cat food market is expected to reach $72.89 billion in 2027 at a CAGR of 5.7%.
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Product innovations are a key trend gaining popularity in the dog and cat food markets. Major companies operating in the dog and cat food market are focused on developing innovative products to strengthen their market position. For instance, in November 2020, Nestlé Purina Pet care, a US-based producer of pet food, treats, and cat and dog litter, launched Purina Beyond Nature’s Protein, a pet food with plant and insect proteins. It is uniquely made with alternative proteins that include insects as well as plant protein from fava beans and millet to deliver all the essential amino acids dogs and cats need. The millet and fava beans enable us to provide dogs and cats with protein, energy, and fiber to aid digestion.
The dog and cat food market is segmented:
1) By Food Type: Dry Food, Wet Food, Treat And Snacks, Other Food Types
2) By Nature: Organic, Conventional
3) By Sales Channel: Supermarkets And Hypermarkets, Specialized Pet Shops, Online, Other Sales Channels
North America was the largest region in the dog and cat food market in 2022.
The table of contents in TBRC’s dog and cat food market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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