ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has released a new report on the Asia Pacific pet food market, titled “Pet Food Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”. The report covers extensive data about the historical performance of the Asia Pacific pet food market. The report includes information gathered from primary and secondary sources allied to valuable inputs from industry experts and employs reliable analytical techniques such as Porter’s five forces analysis and SWOT analysis to present accurate projections.
The report states that the Asia Pacific pet food market was worth US$9,100 million in 2013 and is expected to grow to US$10,720 million by 2020. This represents an expected CAGR of 2.1% between 2014 and 2020. Geographically the market is divided into China, Japan, India, Australia, South Korea and Rest of Asia Pacific, of which India is expected to grow the fastest in the forecast period.
The report details information about the Asia Pacific pet food market according to the type of pet, type of food and country. The historical performance of the market in each segment is analyzed and growth forecasts are presented by volume and revenue, supplemented by data gained from market attractiveness and market share analyses.
Dog food dominated the Asia Pacific pet food market, but the others category including bird food and fish food is expected to grow the fastest in the forecast period. Dry food led wet/canned food, nutritious food, snacks/treats, and others in 2013 due to the ease of use it offers to casual owners. Nutritious food is expected to shade dry food in terms of growth during the forecast period.
- Global Pet Food Market: http://www.transparencymarketresearch.com/pet-food-market.html
- Pet Care Market: http://www.transparencymarketresearch.com/pet-care-market.html
About Transparency Market Research
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.