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Transparency Market
Research
Pet Food Market - Middle East And Latin
America Industry Analysis, Trend, Size, Share
and Forecast 2014 – 2020
Published Date
2015-04-16
69 Page Report
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Press Release
Middle East Pet Food Market is Expected to Reach USD 350.5
Million by 2020, and Latin America Pet Food Market is Expected to
Reach USD 10,361.0 Million by 2020
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Pet Food Market Middle East
And Latin America
REPORT DESCRIPTION
Pet Food Market - Middle East And Latin America Industry Analysis, Trend, Size, Share
and Forecast 2014 – 2020
According to a new market report published by Transparency Market Research “Pet Food Market Middle East And Latin America Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020”,
the Middle East pet food market was valued at USD 239.6 million in 2013 and is expected to
reach USD 350.5 million by 2020, growing at a CAGR of 5.6% from 2014 to 2020, and the Latin
America pet food market was valued at USD 8,202.1 million in 2013 and is forecast to reach USD
10,361.0 million by 2020, growing at a CAGR of 3.4% during the forecast period.
Browse the full Pet Food Market report at
http://www.transparencymarketresearch.com/middle-east-latin-america-pet-food-market.html
The pet food market in Middle East and Latin America is primarily driven by growing awareness
regarding pet health. Consequently demand for packaged and branded food is expected to
increase in near future. Moreover, with growing urbanization comes busy work schedule. As the
company of pets act helps to release stress, there is an increasing trend of people adopting pets.
This factor is also driving the demand for pet food in these regions. In addition, demand for pets
for companionship and for security reason is rising due to the growing trend of the nuclear family.
This, in...