The report Pet Food Nutraceutical Market (2018-2023) provides market intelligence on the different segments of the Feed category, based on type of formulation and geography. Market size and forecast has been provided in terms of both, Value and Volume in the report. A detailed qualitative analysis of the factors responsible for driving and restraining growth and future market opportunities have also been discussed
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The pet food market with a growing CAGR of 6.34% is estimated to be valued at USD 8.25 billion by 2023. Owing to a surging population of aged pets and the growing acceptance for supplements by the veterinary community, the global pet food nutraceutical is estimated to grow in the forecast period. Increasing use of nutritional supplements by pet owners as an alternative to veterinary visits is expected to drive the entire pet supplements segment, followed by therapeutic foods. The market sees huge potential in the form of natural and organic-based pet foods, and pet recalls due to cases of contamination. This is expected to result in pet manufacturers strengthening their raw material sourcing practices, and focusing more on good manufacturing practices (GMP) and labelling requirements to gain customers trust in the growing market.
Pet Food Nutraceutical Market by Companies:
Kemin, Symrise, BASF, Roquette Freres,DSM,Dupont,Darling International Inc,Archer Daniels Midland,Nestle (Purina Petcare),Boehringer Ingelheim Animal Health,Novotech Neutraceutical,Vit2be-Diana Group
Pet Food Nutraceutical Market Dynamics
– Increasing Number of People Adopting Pets
– Rapid Urbanization
– Regulatory Bodies & Stringent Regulations
– Lack of Recognition of Pet Food in Under-Developed Countries Due To Low Incomes
– Retail Grocery Chains Dominating Distribution & Marketing Space
Geographically, Pet Food Nutraceutical market split globally into several key Regions, with sales (Units), revenue (Million USD), market share and growth rate of Pet Food Nutraceutical for these regions, from 2018 to 2023 (forecast), covering
US, Canada, Rest of North America, China, Japan, India, Rest of Asia-Pacific, Germany, UK, France, Rest of Europe, Brazil, South Africa, Rest of the World,
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Key Developments in the Pet Food Nutraceutical Market:
Reasons to Purchase this Report
- Analysing various perspectives of the market with the help of Porter’s five forces analysis
- Study on product type and application expected to dominate the market.
- Study on regions expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Detailed TOC of Global Pet Food Nutraceutical Market – Growth, Trends, Forecast and Challenges (2018 – 2023)
- Research Methodology
- Executive Summary
- Market Overview and Trends of Pet Food Nutraceutical Market
- Market Dynamics of Pet Food Nutraceutical Market
- Global Pet Food Nutraceutical Market Segmentation, By Capacity
- Global Pet Food Nutraceutical Market Segmentation, By Material Type
- Global Pet Food Nutraceutical Market Segmentation, Segmented by Region
- Competitive Landscape and Introduction of Pet Food Nutraceutical Market
- Key Vendor Analysis (Overview, Products & Services, Strategies)
And Many More….
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