This industry comprises establishments primarily engaged in manufacturing food and feed for animals and pets from ingredients, such as grains, oilseed mill products, and meat products.
The global animal and pet food market was valued at $456.8 billion in 2017. Asia Pacific was the largest geographic region accounting for $158.5 billion or 34.7% of the global market. The USA was the largest country accounting for $79.4 billion or 17.4% of the global animal and pet food market.
The increasing humanization of pets is enabling pet food manufacturers to offer premium products targeted towards pet owners. Humanization of pets implies that pet owners treat pets like members of their family, and thus they are increasingly buying premium and super-premium foods and sophisticated snacks and treats for pets. Premium pet foods are natural, organic, have higher quality and are safer than regular pet foods. Mars’ Sheba Perfect Portions Pate, Nestle Merrick’s Purrfect Bistro Gourmet Shreds and Purina Fancy Feast Broths are common super-premium pet food products.
Companies Covered: Nestlé Purina, Mars Petcare Inc..,Big Heart Pet brands ,Blue Buffalo,Hill's Pet Nutirion
Market Segments Included: Pet Food, Animal Food
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