DUBLIN--(BUSINESS WIRE)--The "Global Pet Food Nutraceutical Market - Analysis of Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The pet food market with a growing CAGR of 6.34% is estimated to be valued at USD 8.25 billion by 2023.
Multinational players have more resources to invest in new product development and marketing. These brands are building their presence in emerging markets through increased marketing expenditure and campaigns, focusing on the credibility of their products for pet nutrition as compared to cheaper competitor products. Strengthened consumer preference for foreign brands in the emerging countries of South East Asia has also encouraged manufacturers from North America to take stride. India, one of the fastest growing markets for functional pet food.
Companies are building on their brand equity in these countries through partnerships, mergers and acquisitions of small players. The market for private label brands continues to pose a threat to the presence of major brands. However pet food recalls are continuing to trade down on the scaling up of private labels.
North America, Europe, Asia-Pacific, South America and Africa are the geographical regions considered in this study. North America dominates the market, while Asia-Pacific is estimated to be the fastest growing segment. The growth in the North American region is largely contribute to by affluence trends, where an increased concern toward pet health is shaping the market. Increasing disposable incomes and urbanization have resulted in declining birth rates, rise in divorce rates and increase in single household families.
- Roquette Freres
- Darling International Inc
- Archer Daniels Midland
- Boehringer Ingelheim Animal Health
- Novotech Neutraceutical
- Vit2be-Diana Group
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview and Trends
5. Market Dynamics
6. Global Pet Food Nutraceutical Market Segmentation, By Pet Type
7. Global Pet Food Nutraceutical Market Segmentation, By Function Type
8. Global Pet Food Nutraceutical Market Segmentation, By Ingredient Type
9. Global Pet Food Nutraceutical Market Segmentation, Segmented By Region
10. Competitive Landscape and Introduction
11. Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/nhmsfl/global_pet_food?w=4