The Current Trends and Future Growth in Animal Food Market

Increasing concerns pertaining to the health and wellness of pets among individuals is driving the global animal food market. The market is characterized by high competition and is a very important segment within the global food industry. While escalating pet care concerns are responsible for the high demand for effective and nutritious animal food, the intensifying competitiveness in the market ensures improved quality and cost-effectiveness of the products.

The research report provides a holistic blueprint of the elementary components shaping the global market for animal food. In-depth analysis forms the basis of the report, which evaluates the market in terms of the numerous product segments within it, consumer groups, retail distribution channels, incumbent trends, size, market share analysis, developments, and future growth prospects. Apart from this, the report also studies at large the potential exhibited by emerging regional markets for animal food.

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The report presents a comprehensive overview of the structure, diversity, and other relevant components of the animal food market. It also analyzes the scope of the market and identifies prospective business strategies, key competitors, and development opportunities. The global animal food market has been segmented into dry dog food, moist cat food, dry cat food, cat and dog treats, moist dog food, and others in terms of the wide range of product types available in the market.

Overview of the global animal food market

The global animal food market is poised to register moderate growth between 2012 and 2018. The growth of the market is spurred on by the increasing consciousness among individuals pertaining to the health and wellness of their pets. Pet owners around the world have become more aware about the significance of pet nutrition, which has significantly propelled the animal food market in the last couple of years. Meanwhile, rising disposable income of people living in the emerging economies of Asia Pacific is also expected to boost the demand for animal food during the forecast period.

Impelled by factors such as changing lifestyle, surge in urbanization, growing preference for nuclear families, and changing perception among consumers pertaining to animal health, the global animal food market is likely to grow significantly during the forecast period. However, manufacturers might have to address certain regulatory issues and take the necessary steps to reduce the chances of their products triggering side effects in pets, to ensure a sustainable growth of the global animal food market in the future. Of the numerous product segments, dry dog food is expected to lead the global animal food market on account of the widespread preference for dogs as family pets.

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In order to study the competitive landscape of the market, the publication profiles the leading players in the market and appraises their respective financial records, growth strategies, and business outlook.

Companies mentioned in the research report

The global animal food market is highly fragmented, with an increasing number of players vying for a dominant position in the market. The major players in the market identified by the report include Artemis Company, Annamaet PetFoods, Active Life Pet Products, Azmira Holistic Animal Care, Arkat Nutrition, Bell Rock Growers, Inc., Breeder's Choice Pet Foods, Inc., Blue Seal Feeds, Inc., Beowulf Natural Feeds, Inc., BilJac Foods, Inc., LLC., Bench & Field Pet Foods, BalanceDiet, Cloud Star Corporation, Chenango Valley Pet Foods, Inc., Chomp, Inc., Newman's Own Organic, Nutro Products, Inc., and others.

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