The animal and pet food global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Animal And Pet Food Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The animal and pet food market size has grown strongly in recent years. It will grow from $324.85 billion in 2023 to $352.18 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to pet ownership, animal health and well-being, premium and specialty products, retail distribution, vet recommendations.
The animal and pet food market size is expected to see strong growth in the next few years. It will grow to $476.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to health-conscious pet owners, sustainability and eco-friendly products, customized and personalized diets, digital marketing and e-commerce, global market expansion. Major trends in the forecast period include grain-free and limited ingredient diets, protein-rich and meat-first formulations, natural and organic pet food, alternative protein sources, functional and nutrient-enriched products:.
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Scope Of Animal And Pet Food Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Animal And Pet Food Market Overview
Market Drivers –
The animal and pet food market’s growth is aided by the stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market’s growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.
The animal and pet food market covered in this report is segmented –
1) By Type: Pet Food, Animal Food
2) By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered: Dog And Cat Food, Other Pet Food, Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food
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Regional Insights –
Asia-Pacific was the largest region in the animal and pet food market in 2023. Western Europe was the second-largest in the animal and pet food market. The regions covered in the animal and pet food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the animal and pet food market include Cargill Incorporated, Nestle S.A., New Hope Liuhe Co .Ltd., Charoen Pokphand Foods PCL, Bunge Limited, Diamond Pet Foods Inc., Mitsui & Co.Ltd., CJ Cheiljedang Corp, LandO’Lakes Inc., J.M.Smucker Company, Hill’s Pet Nutrition Inc., Blue Buffalo Co Ltd., SCHELL & KAMPETER INC., Wellness Pet LLC, Sunshine Mills Inc., Merrick Pet Care, Ainsworth Pet Nutrition, LLC, Simmons Foods Inc., Tuffy’s Pet Foods Inc., Natures Menu Ltd., American Nutrition Inc., Alphia, ADM Animal Nutrition Inc., NutriSource Pet Foods, Mid America Pet Food, KENT Corporation, KLN Family Brands, Nurture Farms, United Pet Group Inc., Eagle Mountain Pet Food, VICTOR premium pet food, Royal Canin SAS, Iams pet food, Eukanuba.
Table of Contents
1. Executive Summary
2. Animal And Pet Food Market Characteristics
3. Animal And Pet Food Product/Service Analysis -Product/Service Examples
4. Animal And Pet Food Market Trends And Strategies
5. Animal And Pet Food Market – Macro Economic Scenario
……………..
68. Global Animal And Pet Food Market Competitive Benchmarking
69. Global Animal And Pet Food Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Animal And Pet Food Market
71. Animal And Pet Food Market Future Outlook and Potential Analysis
72. Appendix
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