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The Global Pet Food Market was valued at USD 55.0 billion in 2014 and is projected to reach USD 74.59 billion by 2020, at a CAGR of 5.3% during the forecast period from 2015 to 2020.

The global pet food market is segmented on the basis of product into dry pet foods (grain free and others), wet pet foods (grain free and others), veterinary diets, treats/snacks, liquid food, and organic products. On the basis of pricing, the market has been segmented into economic, premium, and super premium segments. On the basis of animal type, the market has been segmented into dog, cat, bird, and other animals. On the basis of sales channels, the market has been segmented into specialized pet shops, Internet sales, hypermarkets, and others (grocery and non-grocery stores). Lastly, on the basis of geography, the market has been segmented into North America (U.S., Canada, Mexico, and others), Europe (Germany, U.K., France, Spain, Russia, Italy, and others), Asia-Pacific (China, Japan, India, Australia, and others), South America (Brazil, Argentina, and others), and Africa (Egypt, South Africa, and others).

The demand from developing nations is driving the market with the changing lifestyles in these countries. The changing perception of consumers towards pet health is another major reason behind the growth of the global pet food market. Similarly, the demand is growing due to the increasing trend of nuclear family, where consumers treat their pets as family members and are more concerned with their eating habits, lifestyle, and health. The recent rise in the concept of pet humanization, wherein pets are treated with increased care and hygiene, is proving to be another major driver for the growth of this market and is leading to major changes in product packing and resourcing of ethically-viable products.

The major restraint of this market is the increasing rat of obesity in pets, which is a big concern for pet owners. The major reason behind this rise is over-eating and lack of physical exercise of these pet animals. Another reason for this is the rising pet love from owners, who tend to give pet food as a reward to the pets to show case their love. This needs to be the healthy food so that the overeating also doesn’t affect the pets to a great extent. The pet allergies are also a major restraint for the market followed by regulatory issues. Since the number of pet owners is growing and the pet adoption rate is rising as well, the demand for pet food is also witnessing a growth. This rising growth demands for innovative products in the pet food industry, especially in North America, as the market share of Americans in pet owners is 40.0% of the total global pet owners.

The pet food also needs variations in the taste and it should be healthy at the same time, and this need gives a rise to new opportunities in this market. Another opportunity is the increasing demand for online sales and home delivery facilities to the consumers, which is followed by the growth in demand for natural and organic pet foods.

North America accounts for the largest market share in the industry with 38.0% of the global market. The second largest market is Europe, which is followed by Asia-Pacific with 20.0% of the market share. The growth is prompted by the large interest in pet ownership across the globe. In North America, the U.S. holds the major share for pets and pet owners and is projected to grow at a CAGR of 5.03% during the given forecast period.

The global pet food market is highly concentrated with top ten companies accounting for more than 50.0% of the market share. The few companies are Mars Inc, Nestle SA, Colgate Palmolive Co., and Del Monte Foods Co. among others. The leading players in the market are focussed in high R&D to develop high quality of products with a greater application scope. The profit margin is high due to which the small and medium scale industries are also entering the market.

Key Deliverables in the Study:

Global, regional, and country-level analysis along with forecasts of the study market
Study of the effect of exogenous & endogenous factors, viz. demographic, economics, and political factors, among others, which affect the global market
Porter’s Five Forces framework incorporating the factors influencing each force to determine the intensity of competition
Segment and sub-segment level analysis of the market over the review and forecast period
Identification of key factors instrumental in changing the market scenario, exploiting new opportunities and gaining competitive edge
SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators

Table Of Contents

Global Pet Food Market - Growth, Trends and Forecasts (2015 - 2020)
1. Introduction

1.1 Key Deliverables of the Study

1.2 Study Assumptions

1.3 Market Definition

2. Research Approach and Methodology

2.1 Introduction

2.2 Research Designs

2.3 Study Timelines

2.4 Study Phases

2.4.1 Secondary Research

2.4.2 Discussion Guide

2.4.3 Market Engineering and Econometric Modelling

2.4.4 Expert Validation

3. Market Dynamics

3.1 Drivers

3.1.1 Pet Refinement/ Humanization influencing the purchasing decisions

3.1.2 Changing perception of consumer towards pet health

3.1.3 Increasing trend of nuclear family

3.1.4 Increasing sales from Therapeutic pet food

3.2 Restraints

3.2.1 Issues with regulatory

3.2.2 Pets increasing obesity

3.2.3 Pet allergies

3.3 Opportunities

3.3.1 Growing demand for innovative pet food

3.3.2 Increasing online sales and home delivery

3.3.3 Growth in demand for natural and organic pet foods

3.4 Porter's Five Forces Analysis

3.4.1 Bargaining Power of Suppliers

3.4.2 Bargaining Power of Buyers

3.4.3 Threats of New Entrants

3.4.4 Threats of Substitute Products and Services

3.4.5 Degree of Competition

4. Market Segmentation

4.1 By Product

4.1.1 Dry Pet Foods Grain Free Others

4.1.2 Wet Pet Foods Grain Free Others

4.1.3 Veterinary Diets

4.1.4 Treats/Snacks

4.1.5 Liquid Food

4.1.6 Organic Product

4.2 By Pricing

4.2.1 Economic Segment

4.2.2 Premium Segment

4.2.3 Super Premium Segment

4.3 By Animal Type

4.3.1 Dog

4.3.2 Cat

4.3.3 Bird

4.3.4 Other Animals

4.4 By Ingredients Type

4.4.1 Animal Derived

4.4.2 Plant Derived

4.4.3 Cereals and Cereal Derivatives

4.4.4 Others

4.5 By Sales Channels

4.5.1 Specialized Pet Shops

4.5.2 Internet Sales

4.5.3 Hypermarkets

4.5.4 Others (Grocery, Non-Grocery Stores)

4.6 By Geography

4.6.1 North America United States Canada Mexico Others

4.6.2 Europe Germany U.K. France Spain Russia Italy Others

4.6.3 Asia-Pacific China Japan India Australia Others

4.6.4 South America Brazil Argentina Other

4.6.5 Africa Egypt South Africa Others

5. Competitive Landscape

5.1 Market Shares of Leading Players

5.2 Strategies Adopted by Leading Players

6. Company Profiles

6.1 Mars Inc

6.2 Nestle SA (Purina)

6.3 Colgate Palmolive ( Hill's Pet Nutrition)

6.4 Uni-Charm Corp

6.5 Nutriara Alimentos Ltda

6.6 InVivo NSA

6.7 Agrolimen Sa

6.8 Mogiana Alimentos SA

6.9 Heristo AG

6.10 Deuerer

6.11 Wellpet

6.12 J.M.Sucker (Big Heart)

6.13 Diamond Pet Foods

6.14 Blue Buffalo

6.15 Merrick Pet Care

6.16 Sunshine Mills

6.17 Ainsworth Pet Nutrition

6.18 Yamahisa Pet Care

6.19 Debifu Pet Products Co. Ltd

7. Appendix
7.1 Sources

7.2 Disclaimer

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