According to the report "Pet Food Market by Ingredient, by Animal Type, and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", published by Market Data Forecast, the global market is projected to reach USD 95.45 Billion by 2021, at a CAGR of 4.8% from 2016 to 2021.
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Pet food is made out of plant or animal material for the proper feeding of pet animals. The vitamins and minerals found in every bag of pet food work together to keep the animal’s immune system and metabolism functioning normally. There is a significant opportunity for the pet food companies to come up with a wide range of food products for pets, in the countries where the pet adoption rates are increasing.
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Increasing pet adoption and increasing consumption of ready-made food is leading to the demand of pet food. Further, the increasing awareness about the nutritious pet food is also increasing the demand for pet food.
Global market for Pet Food is segmented based on Ingredient type and Animal type into further sub-segments as follows:
By Ingredient type
• Animal Derivatives
• Fish derivatives
• Fruits & Vegetables
• Cereals & Cereal by-products
• Fats & Oils
• Vitamins & Minerals
By Animal type
• Other animals
Geographically, the market for Pet Food is segmented as below:
• North America
• Latin America
• Middle-East and Africa
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Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina Pet Care, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, Purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC. are the major companies in the market.
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