Business Research Company Pet Food Market – Opportunities and Strategies – Global Outlook to 2030
LONDON, GREATER LONDON, UK, November 29, 2021 / EINPresswire.com/ – The pet food market consists of the sales of goods and services by entities (organizations, sole traders and partnerships) associated with the manufacture of cat and dog food and other animal foods from ingredients such as grains, mill products and Oilseeds and meat products. The industry includes establishments that produce dog food, cat food, and other animal foods. Other animals include birds, mammals, and aquatic animals.
The major players being taken up in the global pet food industry are Mars, Incorporated, Nestlé SA, GM Smoker, Colgate-Palmolive, Diamond Pet Foods Inc.
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Pet food manufacturers are increasingly investing in pet foods containing cannabidiol (CBD) to meet the increasing demand fueled by the COVID-19 pandemic. Moreover, pet food manufacturers offer pet food that is customized from the customer’s end and emerging as a new trend in the pet food market. Manufacturers prepare customized food according to details provided by customers such as preferences of grain or grain-free foods for dogs, nutritional values to be added according to their activities and some other details.
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The global pet food market is expected to recover from the COVID-19 crisis and grow from $75.49 billion in 2020 to $88.48 billion in 2023 at a compound annual growth rate of 5.6%.
Going forward, increased demand for premium organic pet food, the impact of digital media marketing and social media, increased demand due to increased pet food stocking, increased feeding of stray animals and other abandoned pets, and increased demand for pets. growth.
Factors that could hinder future pet food market growth include cuts to free trade, and supply chain disruptions.
The pet food market is divided into dog food, cat food and other pet food, supermarkets, specialty pet stores, online sales, etc., animal derivatives, vegetable and synthetic derivatives.
Pet Food Market – Opportunities and Strategies – Global Forecast to 2030 is one of a series of new reports from Business Research company that provides an overview of the pet food market, forecasts the pet food market size and growth for the entire market, the pet food market segments, And Pet Food market geographical regions, trends, Pet Food market drivers, restraints, key competitors revenue, profiles, and market shares.
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Global Animal & Pet Food Market Report 2021 – By Type (Pet Food, Animal Food), By Distribution Channel (Supermarkets/Supermarkets, Convenience Stores, E-Commerce), By Ingredients (Animal Derivatives, Vegetable Derivatives, Synthetic) COVID-19 Impact and Recovery
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