Global Pet Food Market is Forecasted to Reach USD 74.8 Billion by 2017: Transparency Market Research

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Global Pet Food Market is Forecasted to Reach USD 74.8 Billion by 2017: Transparency Market Research

PR Newswire ALBANY, New York, August 10, 2012

ALBANY, New York,August 10, 2012/PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Pet Food Market - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2011-2017," the global pet food market was worthUSD 58.6 billionin 2011 and is expected to reach the value ofUSD 74.8 billionin 2017, growing at a CAGR of 4.2% from 2011 to 2017.North Americais expected to remain the largest regional segment for the pet food industry in terms of revenue generation, accounting for around 40% of the total revenue.Asia Pacificwill be the fastest growing segment due to growing trend and increasing importance of pets in homes. Browse the full report at http://www.transparencymarketresearch.com/pet-food- market.html North Americamarket for pet foods was valued atUSD 21.7 billionin 2011 and expected to witness growth in 2012 and reach the value ofUSD 22.4 billion. With number of market drivers and product innovations in pet foods, theNorth Americapet foods market is forecasted to reachUSD 26.6 billionin 2017 at the CAGR of 3.5% from 2011 to 2017.Europemarket being the second largest consumer of pet foods is expected to grow at a CAGR of 4.4% from 2011 to 2017. Worldwide market for pet foods is segmented as dry food, wet/ canned food, nutritious food, snacks, and others. Dry food is the largest segment of pet foods market accounting for around 39% of the total market share. Snacks/treats are the second largest consumed pet food accounting for about 21% of the global market share. Wet/ canned food and nutritious food are the smaller pet food segment accounting for 7% and 3% market shares respectively. The global market for pet foods is expected to be driven by number of factors like increase in disposable incomes of families, changing lifestyle, growing trend of having pets in homes, growing trend of nuclear families, among others.

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Plastic Additives Market Size Mobile ContentMarket Size Surgical Equipment Market Forecast Some of the major players in pet foods market include Marc Inc., Nestle' SA, Colgate-Palmolive Co., Proctor & Gamble Co., Del Monte Foods Co., Agrolimen SA, Uni-Charm Corp., Nutriara Alimentos Ltda., Total Alimentos SA, Mogiana Alimentos SA, and others. This research is specially designed to estimate and analyze the demand and performance of pet foods in a global scenario. The research provides in-depth analysis of pet food manufacturers, product sales, trend analysis by segments, and demand by geography. The report covers all the major product segments of the global pet food market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the global pet food market as below: 1.Pet Food Market by Pet Type 1. DogFood 2. CatFood 3. Others 2.Pet Food Market by Food Type 1. DryFood 2. Wet/Canned Food 3. NutritiousFood 4. Snacks/Treats Browse allFood & Beverages MarketResearchReports Upcoming Reports inFood & Beverages Market Frozen Processed Food Market Probiotics Market Food Container Market Packaged Food Market Meal Replacement Products Market Corn Starch Industry Functional Drinks Market Food Processing Machinery Market Food Safety Products Market Chilled Processed Food Market About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact

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