Rise in a concept of pet humanization, wherein pets are given more care and hygiene, have transformed the pet food market. Manufacturers are including several ingredients for pet food production, in order to produce nutritive and a complete functional pet foods. Pet food packaging industry is also using advanced and innovative techniques to protect pet food from contamination, moisture and oxidization.
The global pet food market is segmented on the basis of animal type, product, pricing and sales channel. On the basis of animal type, the market is categorized majorly into dog, cat, bird and other animals. On the basis of products, pet foods are segmented into wet pet foods, liquid food, dry pet foods, treats or snacks, organic products and veterinary diets. Economic, premium and super premium segments are the categories of pet food market on the basis of pricing.
By geography, North America is the largest market, constituting around 40% of the pet foods sector. Asia Pacific market for pet foods is also picking up owing to increasing trend of keeping pets, primarily supported by increasing household income.
The pet food industry is growing fast and steadily with a shift towards nutritious, healthier and organic pet foods. A major factor for this shift is growing concerns of pet owners towards their pet’s health. On the other hand increasing issues of pet obesity due to overconsumption of pet foods and pet allergies are expected to be major deterrents to the growth of pet foods market.
ASDReport.com has a good collection of reports on pet food market. These reports cover various topics related to the pet food market like, dog and cat food, animal food, pet food, pet supplies and much more.