Few Diverse Global Players Dominate the Market Holding ~45% of Revenue Share Despite the Presence of about ~200 competitors comprising a Large Number of Country-Niche Players and Regional Players, finds a recent market study on Global Pet Food Market by Ken Research
Pet foods are specialized foods produced from plant-based or animal-based food ingredients and prepared to meet the nutritional needs of domesticated animals. Pet foods are created in unique forms and have eye-catching hues to appeal to owners, and special flavor enhancers are added to enhance the taste so that animals can easily consume the food. Pet food is animal feed that is meant to be consumed by pets. It is commonly available at pet stores and supermarkets and is particular to the animal, such as dog food or cat food.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
1. Global Players Who Comprise 20% in Terms of the Number of Competitors Hold the Dominant Revenue Share
Competitive Analysis by the Ken Research Study found that the Global Pet Food Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in the pet food. The regional players comprise just about ~45% in terms of the number of companies, followed by country-niche players accounting for ~35% in terms of the number of companies. Most of the country-niche players are raw material suppliers. Some of these who successfully evolve to create pet food products often get acquired by large global players seeking to grow and diversify quickly.
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2. Leading Specialist Global Players’ Ongoing Efforts To Provide Pet Food To a Variety of Industries Drive the Growth of the Market
Detailed comparative analysis of key competitors available within the Research Study shows that specialist company, such as Hill’s Pet Nutrition, Inc. The J.M. Smucker Company and Nestlé Purina are highly focused on providing a significant number of pet food products that can be used across the pet industries.
- In October 2019, Hill’s Pet Nutrition introduced a new line of functional dog treats that are specially made to help dogs with weight issues, physical issues, food allergies, and dental issues.
- In July 2021, KARMA, a new line of plant-first dog food from Mars Petcare, was introduced. The best novel and inventive dog food is Karma. For the ideal combination of flavor and nutrition, this plant-first dog food is made with more than 60% plants and enhanced with white fish or real chicken.
3. Government Initiatives to Aid in the Expansion of the Global Market for Pet Food Market
- In April 2021, the Indian government has taken action to close the demand-supply gap and also is supporting the private sector to invest in the establishment of an animal feed plant under the US$ 15 billion worth Animal Husbandry Infrastructure Development Fund (AHIDF) scheme, as per statements that the pet industry in India is growing at a faster rate.
In September 2019, the USA Department of Agriculture (USDA), Veterinary Services regulates raw pet food as a commercial good and necessitates importers to apply for and acquire an import permit before entering the USA with these items due to the elevated danger of animal infections.
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Key Topics Covered in the Report
- Snapshot of the Global Pet Food Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Pet Food Market
- Historic Growth of the Overall Global Pet Food Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Pet Food Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Pet Food Market
- Future Market Forecast and Growth Rates of the Total Global Pet Food Market and by Segments
- Market Size of Application Segments with Historical CAGR and Future Forecasts
- Analysis of Global Pet Food in Major Regions
- Major Production/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Major Players Mentioned in the Report
- Mars, Incorporated
- Hill’s Pet Nutrition, Inc.
- The J.M. Smucker Company.
- Schell & Kampeter, Inc.
- The Hartz Mountain Corporation
- Nestlé Purina
- Blue Buffalo Company, Ltd.
- Wellness Pet Company, Inc.
- Tiernahrung Deuerer GmbH
- Head up for tails
Notable Emerging Companies Mentioned in the Report
- Lafeber Co.
- 4Legs Pet Food Company
- Champion Petfoods.
- Betagro Public Company Limited
- Fromm Family Foods LLC.
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Pet Food Companies
- Animal Welfare Associations
- Pet Food Manufactures
- Pet Food Supplier
- Company Research and Development Institutes
- Market Research & Consulting Firms
- Banking and Financial Service Providers
- Government & Regulatory Authorities
- Raw Meat Suppliers
- Investors in Pet Food Start-ups
- Start-ups & Incumbents in Pet Food Sector
- Certification & Inspection Companies
- Marketing Agencies
- Online Retail Platforms
For More Information on the Research Report, refer to below links: –
Global Pet Food Market: Ken Research
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