TechNavio recognizes the following companies as the key players in the Global Pet Food Market: Colgate-Palmolive Co., Del Monte Corp., Mars Inc., Nestle S.A., and Procter and Gamble Co.
Commenting on the report, an analyst from TechNavio’s team said: “The Retail industry has witnessed a growth in organized retailers with the establishments of supermarkets, hypermarkets, and speciality stores. Convenience and value has become important for pet owners because of busy time schedules. Organized retailers enable pet owners to save time by providing a large number of products under the same roof. As a result of the increase in organized retailing in developing countries such as China and India, the visibility to pet food brands has increased with more retailers providing shelf-space to pet food brands and also special stores being established for pet foods. The pet food stores and supermarket outlets are growing at a rate of 10-13 percent, which is significant to the growth in the Global Pet Food market. Hence, the trend of organized retailers is set to drive the growth in pet food sales.”
According to the report, one of the main drivers in this market is the increase in pet ownership worldwide. The recent increase in urban population has led to an increase in consumer spending on pet foods, which has contributed to the growth of the Global Pet Food market.
Further, the report states that one of the main challenges in this market is the health-related issues faced by pets. In addition, the increased spreading of pet allergies among humans and frequent product recalls, which hamper the image of the vendor in the market, are some of the major challenges confronting the market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Agrolimen SA, MogianaAlimentos SA, NutriaraAlmentos Ltda, Partner in Pet Food, and Total Alimentos SA, and Unicharm Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-pet-food-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/others
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TechNavio Announces the Publication of its Research Report – Global Pet Food Market 2012-2016
