Title: US Pet Food Market Share, Size, Price Trends and Forecast 2018-2023
1 US Pet Food Market Growth Fueled by Rising Pet
Humanization
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3Report Description and Highlights
Report Description
US Pet Food Market Growth Fuelled by Rising
Pet Humanisation The US pet food market has
been witnessing a positive growth. This can be
accredited to a rapid rise in pet-ownership and
humanisation, lifestyle trends along with the
availability of organic and natural product
varieties across the region. Pet food is made
with animal grade ingredients which are fit for
the consumption of animals. Some of these include
meat, insects, seeds, suet and plant derivatives
along with other major components such as
vitamins, additives and essential nutrients. Over
the years, pet food has gained immense popularity
in the United States and is now readily available
at supermarkets and pet stores. A new research
report by IMARC Group, titled US Pet Food
Market Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2018-2023, estimates
that the market was worth nearly US 27 Billion
in 2017. The report further anticipates the
market to cross US 34 Billion by 2023, at a
projected CAGR of more than 4 over the forecast
period.
4Report Description and Highlights
Report Description
- US Pet Food Market Drivers/Constraints
- Over the years, there has been an increase in
pet-ownership across the United Sates which is
one of the primary factors driving the growth of
the US pet food market. - In the United States, another trend that has been
observed is that the pet owners have been upfront
about the dietary needs of their pets. Thus, pet
humanisation and premiumisation represent another
factor which is contributing towards the
augmented demand for pet food across the region. - In order to broaden their consumer-base,
manufacturers have been focussing on unique
marketing strategies as well as coming up with
organic and natural pet food varieties. This has
highly contributed towards the overall growth of
the market. - However, increasing cases of obesity and diabetes
among pets act as a major obstacle which is
impeding the growth of the market. -
- Read full report _at_ https//www.imarcgroup.com/us-p
et-food-market
5Report Description and Highlights
Report Description
- Pet Type Insights
- On the basis of pet type, the market has been
segmented into dog food and cat food. Dog food
exhibits a clear dominance owing to the
increasing consumer preferences towards dogs for
security and companionship along with the rising
trend of nuclear families. - Product Type Insights
- Based on product type, there are a number of pet
food available in the market. Dry pet food is the
largest segment as it is cost-effective as
compared to its counter parts. It is followed by
treats and mixers, and wet pet food. - Competitive Landscape
- The market is highly fragmented with the presence
of numerous manufacturers who compete in terms of
prices and quality. Some of the leading players
operating in the market are - Nestlé Purina PetCare
- Mars Petcare Inc.
- Big Heart Pet Brands
- Hill's Pet Nutrition
- Diamond Pet Foods
- Blue Buffalo
-
- Request Sample Of The Report https//www.imarcgro
up.com/request?typereportid705flagB -
-
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6Report Description and Highlights
Report Description
Browse more related reports Dog Food Market
https//www.imarcgroup.com/dog-food-manufacturing
-plant Pet Food Market https//www.imarcgroup
.com/pet-food-market
7Report Description and Highlights
Report Description
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