TechNavio recognizes the following companies as the key players in Global Pet Food Market: Colgate-Palmolive Co., Del Monte Corp., Mars Inc., and Nestlé S.A.
Commenting on the report, an analyst from TechNavio’s team said: “The Retail industry has witnessed a growth in organized retailers with the establishment of supermarkets, hypermarkets, and specialty 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 of pet food brands has increased. More retailers are providing shelf-space for pet food brands, and also special stores are being established for pet foods with growth in organized retail. Global pet food stores and supermarket outlets have been growing at a rate of 10-13 percent since 2008, 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 disposable income of the urban population which has led to an increase in spending on pet food.
Further, the report states that one of the major challenges in this market is the increase in pet health-related issues like obesity, which is often induced by unhealthy packaged food consumption.
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/report/global-pet-food-market-2014-2018
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/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Pet Food Market 2014-2018
