The Business
Research Company’s latest report Pet Food Global Market Report 2020 covers Pet
Food market drivers, Pet Food market trends, Pet Food market segments, Pet Food
market growth rate, Pet Food market major players, and Pet Food market size. The
report provides in-depth analysis of the impact of COVID-19 on the Pet Food
industry, along with revised market numbers due to the effects of the
coronavirus.
View Complete Report:
Pet Food Global
Market Report 2020 is the most comprehensive report available on this market
and will help gain a truly global perspective as it covers 60 geographies. The
chapter on the impact of COVID-19 gives valuable insights on supply chain
disruptions, logistical challenges, and other economic implications of the
virus on the market. The chapter also covers markets which have been positively
affected by the pandemic.
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The global pet food market is expected to
grow from $74.6 billion in 2019 to $75.5 billion in 2020 at a compound annual
growth rate (CAGR) of 1.3%. The low growth is mainly due to economic slowdown
across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 6% from 2021 and
reach $88.5 billion in 2023.
The report covers the Pet Food market’s
segments-
1) By Type: Dog And Cat Food, Other Pet
Food.
2) By Distribution Channel: Specialized Pet Shops, Internet Sales, Hypermarkets,
Others.
3) By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic.
Subsegments Covered: Dog Food, Cat Food, Dry Dog Food, Dog Treats, Wet Dog Food,
Dry Cat Food, Cat Treats, Wet Cat Food.
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