Pet Food Industry May Double Up Growth Rate By 2021 As Per TBRC’s latest Report

11/ott/2018 13:56:00 TBRC Contatta l'autore

Companies Included: Mars Petcare Inc., Nestle Purina Petcare, Nutreco, Hill's Pet Nutrition, InVivo Animal Nutrition and Health

The pet food industry includes establishments involved in manufacturing food and other animal food from ingredients such as grains, oilseed products and meat products. This market does not include agricultural animal food.

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https://www.thebusinessresearchcompany.com/report/pet-food-global-market-report-2018

The global pet food market has been showing slow growth in the past few years with a CAGR of just over 2%. The year 2017 recorded highest ever growth in this market with a net value of over $ 219 billion as for TBRC's in-house consultants.

TBRC’s latest report show the growing trends in the market for each year, globally and geographically with sourced reasons to support the growth claims.

The report also shows the pet food industry market to grow with double the rate by 2021 as compared to 2017 with a CAGR of about 5%, along with geographies best suited for investments with highest return rate.

Download sample report at

https://www.thebusinessresearchcompany.com/sample.aspx?id=244&type=smp

Rising availability in pet food, rapid urbanization, rising disposable income in emerging countries such as China and India, rising availability of premium pet food brands and growing online sales of pet food. Pet humanization is a trend, pet owners care and spend for pets, this phenomenon drove the market for pet food products.

Geographies with the best return rate for the food and future trends and factors affecting them.

Companies included in the report are Mars Petcare Inc., Nestle Purina Petcare, Nutreco, Hill's Pet Nutrition, and InVivo Animal Nutrition and Health.

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