{"id":494626,"date":"2020-07-08T15:56:02","date_gmt":"2020-07-08T15:56:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=494626"},"modified":"2020-07-08T15:56:02","modified_gmt":"2020-07-08T15:56:02","slug":"global-pet-food-market-value-expected-to-reach-88-billion-by-2023","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/global-pet-food-market-value-expected-to-reach-88-billion-by-2023_494626.html","title":{"rendered":"Global Pet Food Market Value Expected To Reach $88 Billion By 2023"},"content":{"rendered":"<div style=\"float:right; width:250px; padding:8px 10px 10px 10px;\"><a href=\"https:\/\/www.abnewswire.com\/uploads\/1594204010.png\" style=\"border:none !important;\" target=\"_blank\" rel=\"nofollow\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"Global Pet Food Market Value Expected To Reach $88 Billion By 2023\" src=\"https:\/\/www.abnewswire.com\/uploads\/1594204010.png\" alt=\"Global Pet Food Market Value Expected To Reach $88 Billion By 2023\" width=\"225\" height=\"225\" style=\"padding:0px 0px 10px 10px; border:0 solid !important;\" \/><\/a><\/p>\n<div class=\"quotes\">\n<div>Pet Food Market By Types (Dog, Cat And Other Pet Food), By Ingredient (Animal Derivatives, Plant Derivatives And Synthetic), By Distribution Channels (Internet Sales, Hypermarkets, Specialized Pet Shops And Others), And By Region, Opportunities And Strategies \u2013 Global Forecast To 2030\n<\/div>\n<\/div>\n<\/div>\n<div style=\"font-style:italic; padding:8px 0px;\">Mars Incorporated Is One Of The Largest Players In The Pet Food Market, According To The Business Research Company\u2019s Pet Food Market Global Report 2020-30: Opportunities And Strategies. (Companies Covered: Mars, Incorporated, Nestle S.A., The J.M. Smucker Company, Colgate-Palmolive Company, Diamond Pet Foods Inc.)\n<\/div>\n<h4 style=\"text-align: justify;\">The global pet food market is expected to register a slow growth from $74.55 billion in 2019 to $75.49 billion in 2020 at a growth rate of 1.26%. The slow growth is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to then grow at a rate of 5.6% from 2021 and reach $88.48 billion in 2023.&nbsp; &nbsp;<\/h4>\n<h4 style=\"text-align: justify;\"><strong>Read More On The Global Pet Food Market Report At &#8211;<\/strong><\/h4>\n<h4 style=\"text-align: justify;\"><a rel=\"nofollow\" href=\"https:\/\/www.thebusinessresearchcompany.com\/report\/pet-food-market\">https:\/\/www.thebusinessresearchcompany.com\/report\/pet-food-market<\/a><\/h4>\n<p style=\"text-align: justify;\">The pet food industry includes establishments that produce dog food, cat food, and other animal food, including those for birds, mammals, and aquatic animals. Pet foods are specialty foods prepared according to the nutritional requirements of domesticated animals that can be either made from plant or animal-based food materials. Pet foods are made with innovative shapes and attractive colors to entice the owners and are added with special flavorings to enhance the taste so that animals easily eat the food.<strong style=\"font-size: 1em;\">&nbsp;<\/strong><\/p>\n<h4 style=\"text-align: justify;\"><strong>Global Pet Food Market Segmentation &ndash;<\/strong>&nbsp;<\/h4>\n<p style=\"text-align: justify;\"><strong style=\"font-size: 1em;\"><span>By Type &#8211;<\/span><span>&nbsp;The pet food market can be segmented by type into<\/span><\/strong><\/p>\n<ol class=\"toclist\" style=\"text-align: justify;\">\n<ul>\n<li>a) Dog Food<\/li>\n<li>b) Cat Food<\/li>\n<li>c) Other Pet Food<\/li>\n<\/ul>\n<\/ol>\n<p style=\"text-align: justify;\"><strong style=\"font-size: 1em;\"><span>By Type Of Food &#8211;<\/span><span>&nbsp;The dog food market is further segmented by type into<\/span><\/strong><\/p>\n<ol class=\"toclist\" style=\"text-align: justify;\">\n<ul>\n<li>a) Dry Dog Food<\/li>\n<li>b) Wet Dog Food<\/li>\n<li>c) Dog Treats And Mixers<\/li>\n<\/ul>\n<\/ol>\n<p style=\"text-align: justify;\"><strong style=\"font-size: 1em;\"><span>The cat food market is further segmented by type into<\/span><\/strong><\/p>\n<ol class=\"toclist\" style=\"text-align: justify;\">\n<ul>\n<li>a) Dry Cat Food<\/li>\n<li>b) Wet Cat Food<\/li>\n<li>c) Cat Treats And Mixers<\/li>\n<\/ul>\n<\/ol>\n<p style=\"text-align: justify;\"><strong style=\"font-size: 1em;\"><span>The other pet food market is further segmented by type into<\/span><\/strong><\/p>\n<ol class=\"toclist\" style=\"text-align: justify;\">\n<ul>\n<li>a) Bird Food<\/li>\n<li>b) Fish Food<\/li>\n<li>c) Small Mammal\/Reptile Food<\/li>\n<\/ul>\n<\/ol>\n<p style=\"text-align: justify;\"><strong style=\"font-size: 1em;\"><span>The pet food market is segmented by distribution channel into<\/span><\/strong><\/p>\n<ol class=\"toclist\" style=\"text-align: justify;\">\n<ul>\n<li>a) Hypermarkets<\/li>\n<li>b) Specialized Pet Shops<\/li>\n<li>c) Internet Sales<\/li>\n<li>d) Others<\/li>\n<\/ul>\n<\/ol>\n<p style=\"text-align: justify;\"><strong style=\"font-size: 1em;\"><span>The pet food market can be segmented by type of ingredient into<\/span><\/strong><\/p>\n<ol class=\"toclist\" style=\"text-align: justify;\">\n<ul>\n<li>a) Animal Derivatives<\/li>\n<li>b) Plant Derivatives<\/li>\n<li>c) Synthetic<\/li>\n<\/ul>\n<\/ol>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong style=\"font-size: 1em;\">Global Pet Food Market Drivers &ndash;<\/strong><\/p>\n<p style=\"text-align: justify;\">The pet owners concern about their pets&rsquo; health is driving the demand for premium and organic pet foods, thus spurring the market for pet food manufacturing during the period. Pet owners often view pets as family members and are willing to spend on the best pet products and services. Therefore, they are buying organic and premium products to feed their &ldquo;fur babies&rdquo;. Organic pet foods are free from artificial colors, flavors, antibiotics, synthetic hormones, toxic pesticides, and preservatives, whereas premium pet foods contain higher quality ingredients than economy or generic pet foods.<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<h4 style=\"text-align: justify;\"><strong>Request For A Sample Of The Global Pet Food Market Report At &#8211; <\/strong><\/h4>\n<p style=\"text-align: justify;\"><a rel=\"nofollow\" href=\"https:\/\/www.thebusinessresearchcompany.com\/sample.aspx?id=2052&amp;type=smp\">https:\/\/www.thebusinessresearchcompany.com\/sample.aspx?id=2052&amp;type=smp<\/a><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>A Few Points From The Global Pet Food Market ToC<\/strong><\/p>\n<p style=\"text-align: justify;\">1. Executive Summary<\/p>\n<p style=\"text-align: justify;\">2. Pet Food Market Characteristics<\/p>\n<p style=\"text-align: justify;\">3. Pet Food Market Size And Growth<\/p>\n<p style=\"text-align: justify;\">3.1. Global Pet Food Historic Market, 2015 &#8211; 2019, $ Billion<\/p>\n<p style=\"text-align: justify;\">3.1.1. Drivers Of The Market<\/p>\n<p style=\"text-align: justify;\">3.1.2. Restraints On The Market<\/p>\n<p style=\"text-align: justify;\">3.2. Global Pet Food Forecast Market, 2019 &#8211; 2023F, 2025F, 2030F, $ Billion<\/p>\n<p style=\"text-align: justify;\">3.2.1. Drivers Of The Market<\/p>\n<p style=\"text-align: justify;\">3.2.2. Restraints On the Market<\/p>\n<p style=\"text-align: justify;\">4. Pet Food Market Segmentation<\/p>\n<p style=\"text-align: justify;\">5. Pet Food Market Regional And Country Analysis<\/p>\n<p style=\"text-align: justify;\">5.1. Global Pet Food Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion<\/p>\n<p style=\"text-align: justify;\">5.2. Global Pet Food Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion<\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/thebusinessresearchcompany.com_43375.html\" rel=\"nofollow\">The Business Research Company<\/a><br \/><strong>Contact Person:<\/strong> Oliver Guirdham<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=global-pet-food-market-value-expected-to-reach-88-billion-by-2023\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Phone:<\/strong> +44 20 7193 0708<br \/><strong>Address:<\/strong>1st Floor, Anshu Colors Building, Road Number 1  Park View Enclave, Jubilee Hills<br \/><strong>City:<\/strong> London<br \/><strong>State:<\/strong> Greater London<br \/><strong>Country:<\/strong> United Kingdom<br \/><strong>Website:<\/strong> <a href=\"https:\/\/www.thebusinessresearchcompany.com\/\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.thebusinessresearchcompany.com\/<\/a><\/p>\n<p><object type=\"text\/html\" data=\"https:\/\/www.thebusinessresearchcompany.com\/\" style=\"width:900px; height:400px;\"><\/object><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=global-pet-food-market-value-expected-to-reach-88-billion-by-2023\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pet Food Market By Types (Dog, Cat And Other Pet Food), By Ingredient (Animal Derivatives, Plant Derivatives And Synthetic), By Distribution Channels (Internet Sales, Hypermarkets, Specialized Pet Shops And Others), And By Region, Opportunities And Strategies \u2013 Global Forecast To &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/global-pet-food-market-value-expected-to-reach-88-billion-by-2023_494626.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[400,450,424,402,416],"tags":[],"class_list":["post-494626","post","type-post","status-publish","format-standard","hentry","category-Agriculture-Farming","category-Australia","category-Family-Parenting","category-Food-Beverage","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/494626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=494626"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/494626\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=494626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=494626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=494626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}