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To identify growth opportunities in the dog and cat food market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2017-2022. APAC and EMEA will grow faster than the overall market. The growth of the Americas will be slower than the global market.
Below are some of the key findings from the dog and cat food market research report:
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Growing pet humanization is one of the primary growth factors for the dog and cat food market. New-age millennials are treating their pets like family and have a tight animal-human bond. Pet owners are extensively concerned about health, wellness, and look of their pets. These owners are extremely conscious about the quality and nutritional value of the food consumed by their pets. They are extensively demanding for premium and luxury pet products, driven by the rising financial freedom. The high demand for healthy food and a growing trend of humanization of pets will drive the growth of the pet food market. This market research analysis estimates that the dog and cat food market size will grow steadily at a CAGR of over 5% during the forecast period.
The growing demand for freeze-dried dog and cat food is one of the key trends that will drive the growth of the dog and cat market size. Freeze-dried pet food is an innovative and emerging food segment in the premium pet food segment. This process converts fresh meat into shelf-stable products that are safe for consumption by the pets. Freeze-dried food does not require to be preserved with the aid of chemicals and is deemed to be healthier than other packaged products. These packaged products are free from additives and preservatives and are produced from organic raw materials. The increasing effect of premiumization and humanization will drive the demand for and consumption of freeze-dried dog and cat food.
The dog and cat food market is moderately fragmented. Companies are focusing on offering high-quality dog and cat food products to cater to the evolving end-user requirements. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this dog and cat food market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities and consequently boost the dog and cat food market size.
The report offers a complete analysis of various companies including:
With a complete study of the growth opportunities for the companies, the Americas will account for the highest dog and cat food market revenue throughout the forecast period. The APAC region, however, will contribute the fastest growth in the market due to the presence of major dog and cat food vendors and the rising number of regional retail stores in Asian countries.
The dry dog and cat food segment will account for the highest market share due to the increasing requirement for convenient and cost-effective pet food from millennial pet owners. Additionally, the report also provides an accurate prediction of the contribution of all the various product segments to the growth of the dog and cat food market size.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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