DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Pet Food Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
The global pet food market is witnessing rapid growth due to the rising number of pet owners. The growing concerns of owners regarding nutrition and balanced diets for their pets has prompted the rise of commercial pet foods and boosted the market. It seems likely that ingredients like omega-3 fatty acids, which are beneficial for health and frequently consumed by humans, will soon be commonly incorporated in pet food. Low protein, low ash and easily digestible pet foods enable owners to make sure that their pets stay healthy. According to Pet Food Institute (PFI), sales of cat and dog food rose to $19 billion in 2012. Pet owners are willing to spend more on products that promote the health and happiness of their pets.
This trend makes pet food an attractive investment opportunity. Increasing disposable incomes, changing urban lifestyle, the growing tendency to view pets as status symbols, ongoing humanization' trends and homogenized preferences are driving the pet food market.
KEY BENEFITS:
- The report provides an in-depth analysis of the pet food market which would help stakeholders to better understand market behavior
- Based on the current market scenario and expected market trends, estimations through 2014-2020 are made to showcase the future prospects of the pet food market
- The report provides information regarding key drivers, restraints and opportunities with impact analysis
- Analysis of the key strategies adopted by major players engaged in the market is provided
KEY PLAYERS:
- Mars pet care Inc.
- Nestle Purina Pet Care
- Hill's Pet Nutrition
- P & G Pet Care
- Del Monto Foods Corp.
- Heristo AG
- Affinity Pet Care SA
- Nutriara Alimentos
- Unicharm Corp.
- Total Alimentos SA
For more information about this report visit http://ift.tt/2ePaRwW
