- The key vendors in the Global Pet Care Market 2015-2019 are Big Heart Pet Brands, Mars Inc., Nestlé SA and Spectrum Brands Inc.
London, 10 April 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Pet Care Market 2015-2019. The increased adoption of small animals such as rabbits, fish, and birds that require less residential space is one of the major trends being witnessed in the market. The Global Pet Care Market is expected to grow at a CAGR of 5.02% during the period 2014-2019.
“Premiumization is expected to drive the development of new flavors and ingredients used in pet foods such as chicken, carrots, and spinach,” says Faisal Ghaus, Vice President of Technavio Research.
“Premium pet care sales, especially food, are expected to increase at a rate of 20% because of an increase in pet health concerns among owners. Premium products include organic pet care products, which are safer than traditional pet care products.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Pet Care Market 2015-2019; please send an e-mail to media@TechNavio.com
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