Feline fine: Pet ownership is projected to continue to grow, benefiting the industry
Abstract
Pet Food Production The Pet Food Production industry has fared well over the five years to 2019. An increase in pet ownership has coincided with a growing tendency to treat pets as members of the family, thereby encouraging the purchase of higher priced, premium pet food products that are marketed with special benefits, formulas or ingredients. As a result, industry revenue is expected to grow over the five years to 2019. Pet ownership is projected to continue to grow over the five years to 2024, partly driven by rising disposable income, which will enable more consumers to afford to own and care for pets.
This industry primarily manufactures dog and cat food. Common ingredients include grains, oilseed mill products and meat products. This industry concentrates on dry and semi-moist dog and cat foods in cans or packaged otherwise. Feed for farm livestock is not included.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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The global pet food market was estimated at USD 96,893 million in 2020 and is projected to register a CAGR of 4.8% during the forecast period. On one hand, COVID-19 exerted a negative impact on the supply chains. Owing to the restrictions in the movement of raw materials, the pet food industry suffered initially in terms of supply and...
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136 pages •
By Asia Market Information & Development Company
• Nov 2020
This study focuses on China’s Pet Food market trends. In the two past decades, the market has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers for...
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Pet Food
Healthcare
Pet Supply
E-Commerce
Infectious Disease
Australia
Employment Income
Pet Food Sales
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