The Pet Food Ingredients market report consists of extensive study about diverse market segments and regions, emerging trends along with major drivers, challenges and opportunities in the market. Market segmentation is a significant parameter that categorises the market depending upon application, vertical, deployment model, end-user, and geography etc. Pet Food Ingredients market report also provides CAGR value fluctuation in percentage during the forecast by 2025 for the market. Additionally, Pet Food Ingredients report has been structured by keeping in mind all the foremost aspects of the market research that put forth market landscape simply into focus.
The Global Pet Food Ingredients Market size was valued at USD 58.6 billion and is projected to reach at a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period.
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According to an article published by Pet Food Industry, it has been found that the global sales of the pet food was about USD 75 billion across the world in the year 2017 and the figure is expected to grow with a growth rate of 12% in coming yeras.
The packaged Facts published an article which stated that the total sale of pet food in the super market itself has grown upto77%.
Currently, North America dominates the pet food market, it representing almost of the 40% of the global pet food market and the growth rate in this region is increasing at a higher rate.
Major Market Drivers & Market Restraint: Global Pet Food Ingredients Market
Increase in pet population
Improvement in distribution network
Stringent rules and regulations
Scarcity of ingredients
Increasing pet adoption.
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Key Players/Competitors: Global Pet Food Ingredients Market
Archer Daniels Midland Company,
Hill’s Pet Nutrition,
Unicharm India Pvt Ltd,
Hill’s Pet Nutrition,
Del Monte Foods, Inc.,
C&D Foods (ABP Group),
Proctor & Gamble Co,
Dog Star Foods Nutricao Animal,
Blue Buffalo Co,
DEUERER PETCARE FRANC,
Laroy Group nv,
United Pet Group and others
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Market Segmentation: Global Pet Food Ingredients Market
Global Pet Food Ingredients Market, By Source (Animal Derivatives, Plant Derivatives, Additives), By Animal (Dog, Cat, Bird, Fish, Others), By Form (Dry Pet Food, Wet Pet Food, Mixture) By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025.
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