Pet Food Market - Middle East And Latin America Industry
Analysis, Trend, Size, Share and Forecast 2014 - 2020
69 Page Report
Pet Food Market in the Middle East and Latin America Expected
to Rise at 5.6% and 3.4% CAGRs
Transparency Market Research
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Middle East and Latin America Pet Food
The pet food market is thriving with fads and trends that are no different from the marketing campaigns for
human food. The demand for pet food is growing steadily after the largest recall in 2007, resulting in a
rapid inclusion of organic and natural ingredients in pet foodstuff. Pet owners have the options of choosing
from free-range, human-grade, organic, pure, holistic, and natural pet foods. The need for companionship
is rising rapidly in the Middle East and Latin America owing to a growing inclination towards nuclear family.
This has given rise to a number of people adopting pets and thus, leading to the growth of the pet food
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According to a recent study published by Transparency Market Research (TMR), the Middle East and Latin
America pet food market was valued at US$239.6 mn in 2013 and is expected to reach US$350.5 mn by
2020. The market in the Middle East is projected to expand at a CAGR of 5.6% from 2014 to 2020. The
Latin America pet food market was valued at US$8,202.1 mn in 2013 and is expected to reach
US$10,361.0 mn by 2020. The market is expected to expand at a CAGR of 3.4% from 2014 to 2020.
In this blog post, TMR answers three critical questions about the Middle East and Latin America pet food