The small mammal and reptile 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.
Small Mammal And Reptile 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 small mammal and reptile food market size has grown strongly in recent years. It will grow from $3.59 billion in 2023 to $3.88 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to pet ownership trends, awareness of pet nutrition, veterinary recommendations, humanization of pets.
The small mammal and reptile food market size is expected to see strong growth in the next few years. It will grow to $5.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to health and wellness focus, e-commerce growth, customization and personalization, sustainability, regulatory changes. Major trends in the forecast period include premiumization, alternative proteins, convenience, transparency and traceability, and health-specific formulations.
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Scope Of Small Mammal And Reptile 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.
Small Mammal And Reptile Food Market Overview
Market Drivers –
The increasing spending on animal health is expected to propel the growth of the small mammal and reptile food markets going forward. Animal health refers to the holistic care and management practices aimed at ensuring the well-being and longevity of animals, including pets, livestock, and wildlife. Spending on animal health is increasing due to rising pet ownership, greater demand for animal products, advances in veterinary care, stronger human-animal bonds, and stricter regulations. Higher spending on animal health boosts demand for specialized small mammal and reptile food, spurring innovation, loyalty, vet collaboration, and market growth in the pet care sector. For instance, in March 2023, according to the American Pet Products Association, a US-based not-for-profit industry association, pet foods and treats saw the highest spending at $58.1 billion, marking a significant 16.2% increase, making it the category with the largest growth. Therefore, the increasing spending on animal health is expected to propel the growth of the small mammal and reptile food market.
Market Trends –
Companies operating in the small mammal and reptile food market are focused on diversifying their product offerings through alliances to enhance their market presence and cater to broader consumer needs. Alliances are a strategy for expanding a company’s range of products or services by forming partnerships or alliances with other businesses. For instance, in May 2021, Phillips Pet Food & Supplies, a US-based pet food and supplies company, partnered with Higgins Premium Pet Foods, a US-based provider of high-quality, natural foods and treats for companion birds, small animals, and reptiles. This partnership aims to distribute Higgins’ high-quality, natural foods and treats for companion birds and small animals through Phillips’ Texas distribution center. The partnership reflects a commitment to providing pet parents with natural ingredients, supporting the pets’ wellness, and nurturing relationships with pet parents that are built on trust.
The small mammal and reptile food market covered in this report is segmented –
1) By Type: Rabbits Food, Rodents Food, Small Reptiles Food, Other Types
2) By Source: Animal, Plant
3) By Application: Pet-Specialty Stores, Supermarkets And Hypermarkets, Convenience Stores, Other Applications
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Regional Insights –
North America was the largest region in the small mammal and reptile food market in 2023. The regions covered in the small mammal and reptile food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the small mammal and reptile food market report are <b>Central Garden & Pet Company; Spectrum Brands Holdings Inc.; Big Heart Pet Brands; T-Rex Products LLC; Blue Buffalo Company Ltd.; Nulo Pet Food Inc.; Drs. Foster & Smith; Higgins Group Corp.; Fluker Farms; Nutro Products Inc.; F.M. Brown’s Sons Inc.; Pretty Bird International Inc.; Timberline Fisheries Inc.; Kaytee Products Inc; Oxbow Animal Health; Zoo Med Laboratories; Vitakraft Sunseed Inc.; Rolf C. Hagen Inc.; Mazuri Exotic Animal Nutrition; Supreme Pet Supplies (UK) Ltd.; Lafeber Company; Taiyo Feed Mill Pvt Ltd ; HBH Pet Products Inc.; Rep-Cal Research Labs Inc.; JurassiPet </b>
Table of Contents
1. Executive Summary
2. Small Mammal And Reptile Food Market Report Structure
3. Small Mammal And Reptile Food Market Trends And Strategies
4. Small Mammal And Reptile Food Market – Macro Economic Scenario
5. Small Mammal And Reptile Food Market Size And Growth
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27. Small Mammal And Reptile Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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