Organic Pet Food to Emerge as Booming Trend as Owners Become Increasingly Concerned About Pet Health

Transparency Market

Research

Pet Food Market - Middle East And Latin America Industry

Analysis, Trend, Size, Share and Forecast 2014 - 2020

Published Date

16-04-2015

69 Page Report

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Press Release

Pet Food Market in the Middle East and Latin America Expected

to Rise at 5.6% and 3.4% CAGRs

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Middle East and Latin America Pet Food

Market

REPORT DESCRIPTION

The pet food market is thriving with fads and trends that are no different from the marketing campaigns for

human food. The demand for pet food is growing steadily after the largest recall in 2007, resulting in a

rapid inclusion of organic and natural ingredients in pet foodstuff. Pet owners have the options of choosing

from free-range, human-grade, organic, pure, holistic, and natural pet foods. The need for companionship

is rising rapidly in the Middle East and Latin America owing to a growing inclination towards nuclear family.

This has given rise to a number of people adopting pets and thus, leading to the growth of the pet food

market.

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According to a recent study published by Transparency Market Research (TMR), the Middle East and Latin

America pet food market was valued at US$239.6 mn in 2013 and is expected to reach US$350.5 mn by

2020. The market in the Middle East is projected to expand at a CAGR of 5.6% from 2014 to 2020. The

Latin America pet food market was valued at US$8,202.1 mn in 2013 and is expected to reach

US$10,361.0 mn by 2020. The market is expected to expand at a CAGR of 3.4% from 2014 to 2020.

In this blog post, TMR answers three critical questions about the Middle East and Latin America pet food

market:

Q. What factors...