Global Pet Food Market to Expand at Modest Cagr of 4.2% from 2011 to 2017

Transparency Market

Research

Pet Food Market - Global Scenario, Trends, Industry Analysis,

Size, Share And Forecast 2011 - 2017

Published Date

10-08-2012

65 Page Report

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Press Release

Global Pet Food Market to Expand at Modest CAGR of 4.2% from

2011 to 2017 due to Rising Pet Ownership

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Pet Food Market

REPORT DESCRIPTION

Transparency Market Research has released a new market study on pet food market, titled "Pet Food

Market - Global Scenario, Trends, Industry Analysis, Size, Share And Forecast 2011 - 2017." Due to the

growing demand for nutritious food for pets, the global pet food market is expected to expand at a CAGR

of 4.2% during the period from 2011 to 2017. The global pet food market was valued at US$58.6 bn in

2011 and is anticipated to reach US$74.8 bn by 2017.

With increasing disposable income, a growing number of people are opting for pets. Pets are adopted

extensively as many people have nuclear families and wish to have a pet to get rid of loneliness and have

a companion in the form of a pet. Pet owners are increasingly concerned about pet health and providing

pets with nutritious food, which directly benefits the global pet food market. The purchasing decisions they

make are based on factors such as high nutrition content and other factors that benefit the health of the

pets. This is expected to drive the global pet food market.

Factors such as the rising number of cases of allergies among humans due to pets may hamper the

market. Growing obesity problems among pets due to the utilization of high-fat pet food can also act as a

restraint for the global pet food market.

The report segments the pet food market on the basis of food type, pet type, and geography. By type of

pet, the market is categorized...