Global Pet Milk Market is valued approximately at USD 116.3 million in 2019 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2020-2027. Pet Milk is a type of special milk formula created particularly to feed dogs/puppies and cat/kittens. It provides adequate amount of nutrients and proteins required for survival, growth, and development of the neonates. There has been favorable trend towards pet humanization, rapid urbanization and shift towards nuclear family, these factors drive the market growth. For instance: according to American Pet Products Association 2015-2016, approximately 44% of all households in the United States have a dog, and 35% have a cat. Pet insurance services is also a driver in adoption of pets and significantly increasing the market size of pet milks marker. For instance: according to The North American Pet Health Insurance Association, the average annual growth rate of insured pets in the United States is 16 percent, 2015 to 2019. Further, increasing adoption of pets in the households, advanced cost-effective pet care and increasing disposable income has led the adoption of Pet Milk across the forecast period. For instance: According to the American Pet Productions Association (APPA) in 2018, pet care spending was USD 90.5 billion, a 20% increase from 2017. However, high death rates of the puppies & kittens and strict regulations impedes the growth of the market over the forecast period of 2020-2027. Also, with the with the increasing pet animals, rising concerns towards pet care, increase in health expenditure for animals, the adoption & demand for Pet Milk is likely to increase.

The regional analysis of global Pet Milk market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to growing pet owners and promptness & affordability of pet care services coupled with the well-established marketing & innovation of products. For instance: According to the American Veterinary Medical Association, in 2018 the rural states of the U.S. have the highest ownership of domestic animals. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income and rising animal welfare awareness would create lucrative growth prospects for the Pet Milk market across Asia-Pacific region.

Major market player included in this report are:
Pet Ag, Inc.
Beaphar, B.V.
Grober Nutrition, Inc.
Fetch For Pets, LLC
Milk Products, Inc.
Manna Pro Products, LLC
Petlife International Ltd.
Royal Canin U.S.A., Inc.
Toplife Formula Pvt. Ltd.
Versele-Laga, N.V.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Pet Type:
By Product Form:
By Distribution Channel:
Specialty Store
Mass Retail Store

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Pet Milk Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers