Global Pet Food Market, 2016 – 2022
U.S. pet food market is expected to reach USD 30.01 billion in 2022 and is anticipated to grow at a CAGR of 3.36
U.S. pet food market is expected to reach USD 30.01 billion in 2022 and is anticipated to grow at a CAGR of 3.36
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<strong>Pet</strong> <strong>Food</strong> <strong>Market</strong><br />
In the pet food market, U.S was the highest revenue generating region across the globe in<br />
2015. It was noted that around 60 % of houses possess pets in U.S which in turn drives the pet<br />
food market. U.S ranked first in the pet population across the globe in 2015, this may impetus<br />
on the growth of the pet food market in upcoming years. Moreover, the growing concern for<br />
pet’s health has resulted in high expenditure on pets in the U.S. This trend is expected to drive<br />
the pet food market in this region. Increasing vogue for different pets may persuade the pet<br />
food market growth in coming years. Increasing disposable income is anticipated to trigger the<br />
growth of pet food market in this region in the coming years.<br />
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Some of the global major players in the pet food are Mars <strong>Pet</strong>care Inc., Big Heart <strong>Pet</strong> Brands,<br />
P&G <strong>Pet</strong>Care, Nestle Purina <strong>Pet</strong>Care, Hill’s <strong>Pet</strong> Nutrition, Diamond <strong>Pet</strong> <strong>Food</strong>s, Deuerer, Blue<br />
Buffalo, Well<strong>Pet</strong> and Heristo AG. Mars and Nestle are the major contributors bolstering the<br />
growth of the pet food market in U.S.
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