DUBLIN–(COMMERCIAL WIRE)–The “International Canine Meals Market: Dimension, Tendencies, Aggressive Evaluation, and Forecasts (2022-2027)” report has been added to researchandmarkets.com providing.
The worldwide pet food market is anticipated to achieve $82 billion value of gross sales by 2026, rising at a four.7% CAGR throughout 2022-2027. The main driving components of the pet food market are rising disposable earnings, urbanization, pet well being consciousness, and elevated demand for higher high quality premium merchandise.
North America is the market chief within the pet food market with projected gross sales of $36.four billion in 2026, representing 47% of the worldwide pet food market share. On this area, the pet food market is anticipated to develop at a CAGR of four.four% throughout 2022-2027. Within the US, pet food accounts for 66% of pet meals gross sales and is anticipated to develop at a CAGR of four.three% in worth phrases. Pet food gross sales in Canada are anticipated to develop at a CAGR of four.2% in worth phrases throughout 2022-2027.
Stagnant canine inhabitants development within the US and Canada might be offset by elevated spending on pets because of the pattern of humanization and premiumization. In Mexico, pet food gross sales are rising steadily as they proceed to recuperate from the imposition of the 16% VAT in 2014. Trendy retailers, akin to supermarkets and hypermarkets, are rising their promoting house and rising the variety of canines within the nation. components of sale of pet food in Mexico.
Europe is the second largest marketplace for pet food, with a worldwide market share of 25%, with projected gross sales of $19.four billion in 2026. The pet food market on this area is anticipated to develop at a CAGR of four.1% throughout 2022. 2027. The European pet food market is principally pushed by 4 components: health-oriented merchandise, breed-specific diets, meals for canines of various ages, and treats.
In Western Europe, the pet food market is affected by troublesome financial situations and the lack of individuals to maintain bigger breed canines, resulting in a pointy enhance within the variety of small canines. New authorities legal guidelines, such because the obligatory microchipping of canines since April 2016 within the UK, have additionally led folks to choose different forms of pets. Nevertheless, with well being being the primary concern, customers are paying extra consideration to natural and pure substances and wholesome canine treats, which is able to drive worth gross sales.
Asia-Pacific accounts for 15% of the worldwide pet food market share with projected income of $13.eight billion in 2026. Additionally it is anticipated to be the quickest rising pet food market with a CAGR of seven .2% throughout 2022-2027. The pattern driving the pet food market differs on this area, relying on the nation.
In Vietnam, India and China, worth for cash and product worth are a very powerful components for canine homeowners. In Japan, most households have older pets, so pet homeowners are extra enthusiastic about merchandise appropriate for growing older canines. In Singapore and South Korea, pet food gross sales are pushed by 4 components: innovation, demand for more healthy merchandise, comfort, and shorter product life cycles.
South America accounts for 14% of the worldwide pet food market share with projected income of $11.5 billion in 2026. The pet food market within the area is anticipated to develop at a CAGR of four.6% throughout 2022 -2027. Pet food accounts for greater than 75% of the area’s pet meals market, the best share in comparison with every other world market. Web retail drives pet food gross sales in Brazil, which holds about 70% of the pet meals market in South America.
Market dynamics
drivers
-
Snowball Canine Inhabitants
-
Rising pattern of humanization of pets
-
Rising Demand for Therapeutic Pet Meals
restrictions
-
Rising connotation between pet meals and weight problems
-
Dietary Sustainability
-
Provide chain problem in growing international locations
Alternatives
-
Natural and pure pet meals.
-
revolutionary packaging
-
Progress in web retail
Key matters lined:
1. Introduction
2. Abstract
three. Business dynamics
four. Market dimension and forecast
four.1 Market share, by product sort
four.1.1 Dry canine meals
four.1.2 Moist meals for canines
four.1.three Veterinary diets
four.1.four Treats and snacks
four.1.5 Uncooked meals
four.1.6 Natural
four.2 Market share, pricing
four.2.1 Financial
four.2.2 Premium
four.2.three Tremendous premium
four.three Market share, substances
four.four.1 Animal derivatives
four.four.2 Fish derivatives
four.four.three Dairy merchandise and eggs
four.four.four Fruits and Greens
four.four.5 Cereals and cereal by-products
four.four.6 Fat and oils
four.four.7 Components
four.four.eight Others
four.four Market Share, Components
four.four.1 Nutritional vitamins
four.four.2 Minerals
four.four.three Amino acids
four.four.four Antioxidants
four.four.5 Antimicrobials
four.four.6 Dyes
four.four.7 Emulsifiers and stabilizers
four.four.eight Flavors
four.four.9 Others
four.5 Market Share, Distribution Channel
four.5.1 Pet outlets
four.5.2 Mass markets
four.5.three Web retail
four.5.four Veterinary Clinics
four.5.5 Others
5. Nation market share
6. Aggressive evaluation
7. Firm profiles
Talked about firms
-
mars inc
-
Nestle SA
-
Hills Pet Vitamin
-
Uni-Appeal Company
-
Nutriara Alimentos Ltda.
-
Neovia (ADM)
-
Agrolimen Pet Care SA
-
Mogiana Alimentos SA (BRF SA)
-
Heristo AG
-
Costly
-
Wellness Pet Firm
-
Large Coronary heart Pet Model (JM Smucker Firm)
-
Diamond Pet Meals
-
Blue Buffalo Co., Ltd. (Normal Mills)
-
Merrick Pet Care
For extra data on this report, please go to https://www.researchandmarkets.com/r/w7b977
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s main supply of worldwide market analysis stories and market information. We offer you the most recent information on worldwide and regional markets, key industries, high firms, new merchandise and the most recent developments.