Transparency Market
Research
Pet Food Market - Global Scenario, Trends, Industry Analysis,
Size, Share And Forecast 2011 - 2017
Published Date
10-08-2012
65 Page Report
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Press Release
Global Pet Food Market to Expand at Modest CAGR of 4.2% from
2011 to 2017 due to Rising Pet Ownership
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Pet Food Market
REPORT DESCRIPTION
Transparency Market Research has released a new market study on pet food market, titled "Pet Food
Market - Global Scenario, Trends, Industry Analysis, Size, Share And Forecast 2011 - 2017." Due to the
growing demand for nutritious food for pets, the global pet food market is expected to expand at a CAGR
of 4.2% during the period from 2011 to 2017. The global pet food market was valued at US$58.6 bn in
2011 and is anticipated to reach US$74.8 bn by 2017.
With increasing disposable income, a growing number of people are opting for pets. Pets are adopted
extensively as many people have nuclear families and wish to have a pet to get rid of loneliness and have
a companion in the form of a pet. Pet owners are increasingly concerned about pet health and providing
pets with nutritious food, which directly benefits the global pet food market. The purchasing decisions they
make are based on factors such as high nutrition content and other factors that benefit the health of the
pets. This is expected to drive the global pet food market.
Factors such as the rising number of cases of allergies among humans due to pets may hamper the
market. Growing obesity problems among pets due to the utilization of high-fat pet food can also act as a
restraint for the global pet food market.
The report segments the pet food market on the basis of food type, pet type, and geography. By type of
pet, the market is categorized...