Global Pet Food Industry
The global pet food industry has witnessed record growth highs over the past 10 years, reports Global Industry Analysts. The pet food sector is among the fastest-growing sectors within the food industry. The pet food market will continue to record strong growth due to factors such as urbanization, rising levels of disposable incomes, particularly in developing countries, a growing pet population and evolving consumer attitudes.
Consumers are becoming increasingly aware of the health benefits of a nutrient-dense diet not only for themselves but also for their pets. This trend has fuelled market growth in the organic pet food segment and points to vast potential for pet food manufacturers ready to adapt to meet changing consumer demand for healthier food products.