According to the latest market research study by Technavio, the global organic pet food market is expected to grow at a CAGR of more than 9% during the estimated period 2017 to 2021.
This report by Technavio delivers an in-depth breakdown of the global organic pet food market regarding revenue and evolving market trends. The report also contains an up-to-date analysis and forecasts for innumerable market sectors and all geographical regions.
Technavio research analysts classify the market based on the animal type
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The top two revenue contributing animal type segments are discussed below:
Organic dog food market: The increasing awareness of the health benefits of pet ownership has resulted in many consumers adopting pets which, in turn, will fuel the demand for organic pet food in the global market. Dogs are the most commonly adopted pets in the market as it is known to reduce anxiety, stress, depression, ease loneliness, improve cardiovascular health, and encourage exercise. Dogs also provide valuable companionship to both adults and children.
“The growing adoption of dogs in the global market is encouraging consumers to purchase pet food that does not compromise on quality. The rising demand for organic dog food is attributed to the several health benefits associated with these products. The advantages of using organic dog food include reduction of skin diseases and allergies, more energy and normal weight, and fewer digestive problems. Moreover, several players are introducing different varieties of organic dog food to attract pet owners and increase their profitability,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
Organic cat food market: The growing demand for high-end wet food, cat treats, and premium brands in the global market are driving the growth in this market segment. Countries like Russia, France, and the US have the highest number of cat owners in the global market. The consumers are looking for products that provide nutritional benefits like a high amount of protein, amino acids like arginine and taurine, and fatty acids such as arachidonic acid. The extensive use of organic cat food helps in maintaining a strong immunity and healthy weight provides more energy and reduces allergies in these pets. The vendors in the market are also offering products that contain essential vitamins and minerals for optimal feline health, no poultry by-products, chemical fertilizers, artificial flavors, or additives, have added fiber, and is low in calories and grain-free.
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The key players functional in the global organic pet food market are:
- Nestlé
- PetGuard
- Newman’s Own
- Party Animal
- Lily’s Kitchen
The other prominent vendors in the market comprise Avian Organics, BIOpet, Dr. Geoff’s Real Food for Pets, Evanger’s, Harrison’s Bird Foods, Mars, Natural Planet Pet Foods, NYOS, Organic Pet Boutique, and Oxbow Animal Health.
A more detailed study is available in the Technavio report named, ‘Global Organic Pet Food Market 2017-2021’. Technavio also customizes reports by additional regions and detailed segments upon request.
Other related reports:
- Global Pet Care Market 2016-2020
- Global Pet Care Packaging Market 2016-2020
- Global Pet Dietary Supplements Market 2016-2020
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