![Global Pet Food Market](https://res.cloudinary.com/devmoveo/image/upload/v1707308120/skyquest/report/phpvEgAjx.jpg)
Report ID: SQMIG30K2044
Report ID:
SQMIG30K2044 |
Region:
Global |
Published Date: August, 2024
Pages:
157
|
Tables:
89 |
Figures:
76
Pet Food Market Driver
Rise in Prevalence of Pet Ownership Globally
One of the main market drivers is expected to be the rising prevalence of pet ownership worldwide, particularly in emerging nations. Rising urbanization and the humanization of pets are pushing pet owners to choose wholesome and high-quality food for their animals, which is further accelerating the market's growth rate. Consumers' increased per capita incomes are encouraging them to spend money on organic and healthy pet food items to improve the health of their pets. Additionally, the simple accessibility of goods in a variety of price ranges is aiding the global market's expansion. They provide customers with a variety of options and financial statuses.
Increasing Awareness of Pet Health and Nutrition
Pet owners are increasingly becoming conscious about the health of their pets. This leads to the increasing demand for high-quality and nutritional foods such as premium, organic and specialized pet food products which improve their health and provide longevity. Thus, the market is expanding increasingly, driving the market by providing the best nutrition.
Restraints
Premium Pet Foods Hinders the Market Growth
Particularly in western markets, pet food is one of the food products that is most strictly controlled. Pet animal foods are rigorously inspected in developed markets at every stage, from the ingredients used in food preparation to sales and marketing. The high standards required for commercialization may be a significant barrier to the market's expansion. Additionally, a barrier to the market's expansion may be some developing economies' lesser acceptance of premium or expensive pet foods.
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Report ID: SQMIG30K2044