Pet Food Ingredients Market Will Hit Big Revenues In the Future
Pet Food Ingredients Market Overview
The pet food ingredients industry is a dynamic and growing industry that reflects trends in pet ownership, humanization of pets, and a focus on pet health and wellness. The fast adoption of pets, as well as rising and emerging concern about their health and well-being, are predicted to fuel the increasing need for pet food ingredients. Pet food ingredients...
What Makes Pet Food Ingredients Market a Billion Dollar Industry?
The pet food ingredients market is estimated to be valued at USD 37.0 billion in 2019 and is projected to reach USD 54.3 billion by 2025, at a CAGR of 6.6% from 2019 to 2025. Factors such as rise in the disposable income of the middle-class population has led to an increase in the spending capacity on pets. Pets are treated as companions to the owners, and increasing health concerns of...
Increasing Pet Ownership to Boost the Growth of Pet Food Ingredients Market in the Coming Years
Pet food industry is currently witnessing a rapid growth, mainly due to the rising adoption of pets across all regions. Due to this, the demand for quality pet food has increased, thus improving their health and performance.
The global pet food ingredients market which was valued at USD 28.6 Billion in 2014 is projected to reach a value of USD 37.3 Billion by 2020, growing at a CAGR of 4.5% during...