Pet food is defined as any commercial feed that is prepared and distributed for consumption by pets. It is usually specific to the type of animals such as dog food, cat food, etc. Leftovers from the human industry may also be used in pet food through a process called rendering. During 2014-2018, the global pet food market grew at a CAGR of around 5%. The market is currently being driven by increasing consumer concern towards their pet’s health which has led to increased consumer spending on nutritious pet food. Moreover, convenient packaging is also stimulating the growth of the pet food market. This report by Expert Market Research entitled “Pet Food Market Report and Forecast 2019–2024” provides a comprehensive analysis for anyone who plans to foray into the pet food market.
Historical market trends for the global pet food industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global pet food market into the following major countries – the United States, Brazil, Japan, Unites Kingdom, France and Others. The Unites States currently represents the largest market. On the basis of the product type, the global pet food market has been segmented as dog food, cat food and others. Dog food represents the popular category among pet food.
The value chain analysis of the pet food industry has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the pet food industry has also been provided. Some of the key players in this market include Mars PetCare Inc., Nestle Purina PetCare, Hill’s Pet Nutrition, Big Heart Pet Brands and others.
This report provides an exhaustive insight for setting-up and running a pet food manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global pet food market?
- Which are the biggest markets (regions) for pet food?
- What are the major types of pet food? Which are the most popular?
- Who are the key players in the pet food market?
- What are the land and construction requirements to start a pet food manufacturing plant?
- What are the machinery requirements to start a pet food manufacturing plant?
- How is pet food priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a pet food manufacturing plant?
- What are the running costs of a pet food manufacturing plant?
- How much revenue can a pet food manufacturing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the pet food industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.