Pet foods are specialty foods made from plant or animal ingredients. Pet snacks, treats, and beverages are separate market segments for the same product. Pet treats are frequently recommended for their high-quality components and intake of nutrition. While using food as a method to reinforce good behaviour in animals. Drinks are frequently referred to as liquid consumables that quench thirst. Pet snacks typically include baked goods like biscuits, dried fruits or vegetables, and grains that have been roasted. Jerky, tooth chews, and other foods are frequently included in treats. Owner demands more range of snacks and treats to spur market expansion and competitiveness. The global pet industry is anticipated to develop at a positive rate due to increased pet humanization and adoption.
According to pet food market analysis, the market is segmented based on pet type, food type, sales channel, and region. Based on the pet type, the market is fragmented into dogs, cats, and other pets. In 2020, the dog food segment accounted for the largest share in the global market, owing to rising trend of nuclear families and growing inclination of consumers toward dogs for companionship and security. In addition, dogs need various kinds of nutrients to live a healthy life. Hence, dog owners have been focusing on providing proper pet food that contains these nutrients in order to keep them healthy. This is anticipated to propel demand for pet food over the coming years.
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Pet Food Treats Market: Segmentation Analysis:
On the basis of Animal Type
- Dogs
- Cats
- Birds
- Others
The adoption of dogs as pets is higher across the globe that is a major reason behind the dominance of this animal in the global market. The humanization of animals has also led to the adoption of more dogs and cats across the globe. High expenditure that is associated with the maintenance and well-being of dogs is growing the market for natural and higher-quality dog food. Also, the launch of dog treats and nutrition-rich food is another significant reason contributing to the growth of the segment.
On the basis of Food Type
- Dry Form
- Wet Form
- Treat and Snacks
- Veterinary Diets
- Others
Dry form is the most preferred dog and cat food option by the owners. Dry form products offer higher convenience and have a higher shelf-life as compared to wet food. For dogs, dry food is the most favoured option as it is cheap and hence affordable for many dog owners. Moreover, dry pet food because of their firm texture, aids the dental health of pets along with maintaining their dental hygiene.
On the basis of Raw Material
- Plant-Based
- Animal-Based
- Synthetic
On the basis of Cost-Category
- Premium Pet food
- Mass or Bulk Pet food
On the basis of Sales Channel
- Supermarkets or Hypermarkets
- Specialized Pet Shops
- Online Sales channel
- Others
Top key players:-
- Neslte SA
- The JM smuker Company
- ColPal
- General mills
- Diamond pet food
- Heristo ag
- United Pet Group
- Tiernahrung Deuerer GmbH
- Blue Buffalo Co
- Nippon Pet Food Co
- Champion Petfoods LP
- Merric Pet Care
- Wellpet LLC
- PG Pet Care,
- Hill's Pet Nutrition,
- Del Monte Pet Products,
- Nutriara Alimentos Ltda,
- InVivo NSA,
- Debifu Pet Products Co. Ltd
- Royal Canin,
- Agrolimen Sa
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Q6. Which market holds the maximum market share of the Pet Food Market?
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