Pet food is defined as any commercial feed that is prepared and distributed for consumption by pets. It is usually specific to the type of animals such as dog food, cat food, etc. Leftovers from the human industry may also be used in pet food through a process called rendering.
Owing to an increase in the nuclear families, aging population and growing urbanisation rates, people have started turning to animals for companionship. As a result, there has been a major rise in the global pet population in recent years, due to which, there has been an increase in the demand for pet foods. According to Expert Market Research, the global pet food market reached a value of US$ 89.3 Billion in 2016 and is further expected to reach US$ 118 Billion by 2022.
Request sample report @ http://www.expertmarketresearch.com/request?type=report&id=45&flag=B
There are several factors that are stimulating the growth of the global market for pet food. With rising pet population, there has been a trend of pet humanisation which has made pet owners to treat their pets as their family members. Consequently, pet owners are now conscious about the well-being of their pets and are ready to increase their expenditure on nutritional and high-quality pet food. Moreover, increasing cases of obesity and other diseases among pets have augmented the demand for nutritious and organic products. Other factors like growing demand for premium products, easy availability of pet food, convenient packaging, innovations in flavours, and increase in variety and organic products are also fuelling the demand for pet foods.
Key findings from the report:
Browse full report with TOC @ http://www.expertmarketresearch.com/reports/pet-food-market
Expert Market Research has analysed the global pet food market according to type, major regions and top players:
Market breakup by Type
- Dog food
- Cat food
- Others
Market breakup by Major Regions
- United States
- Brazil
- Japan
- United Kingdom
- France
- Others
Top players
- Mars Petcare Inc.
- Nestle Purina PetCare
- Hill’s Pet Nutrition
- Big Heart Pet Brands
- Others
Find more reports on food & beverage industry @ http://www.expertmarketresearch.com/categories/food-beverages-market-reports
Global Rare Earth Magnet Market : Size, Share, Price, Trends, And Forecast Report 2017 - 2022
According to a new report by Expert Market Research, the global rare earth magnet market reached a value of US$ 113 Million in 2016 and is further expected to reach US$ 170 Million by 2022.Global Fava Beans Market to Reach 5 Million Tons by 2022
Fava or Faba beans refer to an annual legume crop botanically known as Vicia faba L. The crop is known by many names, most of which belong to a particular subgroup rather than the whole species. They are best adapted to moist and cooler environments and are not recommended for areas where there is little precipitation or no access to irrigation. They can be cultivated early in the spring, giving farmers the ability to spread the work load during seeding.Global Potato Chips Market Share, Size, Trends, Growth, Regional Outlook And Forecast 2017
Potato chips currently represent the second largest category of savoury snacks. On account of their reasonable price, crispiness and availability in a variety of flavours, they are preferred by the majority of the global population.