Jsb Market Research: Australia Pet Food Market Forecast and Opportunities, 2019

Australia Pet Food Market Forecast and Opportunities, 2019

On 2nd Sep 2014

Summary Over the last few years, Australia has been witnessing significant growth in pet ownership with more and more households adopting dogs, cats and other animals for various reasons like security and recreational purposes. As a result, the demand for pets is increasing in the country, which in turn is driving pet food sales. In Australia, people prefer keeping dog as pet over cat and other animals. In 2013, around 61% of the pet owners in Australia had dogs, while the remaining had cats, fishes, birds, rabbits, etc. as pets. Cat, on the other hand, is a more popular pet among affluent class people in the country. The population of pet fish is also increasing as people are moving into smaller houses and high-rise apartments due to increasing urbanization. Since keeping a large pet like dog or cat as pet in smaller dwellings in not feasible, the adoption of fish as pet is also increasing among pet enthusiasts in the country. In addition, the fact that fishes occupy very less space and their maintenance is cheaper is also leading to their higher adoption among Australians, thereby driving the demand for fish food in the country. Due to increase in income level, majority of the pet owners, especially those living in New South Wales/ Australian Capital Territory (NSW/ACT) and Queensland, prefer prepared packaged pet food over home-cooked food for their pets.

Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/

Browse Full Report with TOC @ http://www.jsbmarketresearch.com/consumergoods/r-Australia-Pet-Food-Market-Forecast-and-Opportunities-123157 According to “Australia Pet Food Market Forecast & Opportunities, 2019”, the Australian pet food market is projected to grow at CAGR of around 2.94% till 2019. Increasing number of old-age couples and DINK (Dual Income, No Kid) families, and rising disposable income are the major...