LONDON, Nov. 28, 2017 /PRNewswire/ — The pet food market in US is expected to cross $34 billion, growing at a CAGR of 4% during the forecast period 2017–2022. The increasing number of pet ownership globally is the major factor for growing demand for pet food. Additionally, people are getting more aware of harmful preservatives and other additives used in the edible substance for pets and hence, the demand for premier and organic food for pets is increasing globally. With increase in the number of US households with pets, the ‘pet parenting’ trend prevalent among millennials, and increased adoption of shelter animals are expected to fuel the growth of the pet food market in the US.
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Mars Inc., Nestle, M. Smucker Company, Colgate-Palmolive are the leading players in the market. The dog food segment is likely to lead the market in US, followed by the cat food segment, which is expected to record a faster growth rate at a CAGR of 4% during the period 2017–2022.
Base Year: 2016
Forecast Year: 2017–2022
The major manufacturers in the market included in the report are as follows:
The J.M. Smucker Company
Other prominent manufacturers mentioned in the report are Ainsworth Pet Nutrition, American Nutrition, Bil-jac Foods, Blue Buffalo Pet Products, Elmira Pet Products, Fromm Family Foods, Hubbard Feeds, Halo, Petcurean Pet Nutrition, and Rush Direct Inc..
Scope of the Report
The study considers the present scenario of the Pet Food Market in US and its market dynamics for the period 2017?2022. It covers a detailed overview of several market growth enablers, restraints, and trends. Further, the study covers both the demand and supply sides of the market. It also profiles and analyzes the leading four companies and other prominent companies operating in the market.
This report provides the details of the market size from the following segments:
The pet food market in US is expected to cross $34 billion, growing significantly with a CAGR close to 4% during the period 2017?2022. The market is expected to increase both in terms of volume and revenues.
The number of households, in the US, with pets is more than the number of households with kids. ‘Pet parenting’ is witnessing a rapid and substantial growth in the US.
This trend has significantly increased the spending on pets and their edibles, primarily by the millennials and baby boomers. This trend is expected to continue over the next few years and