Global pet food sales are expected to 75 billion usd in 2016, according to qyresearch steady growth

Global Pet Food Sales are Expected to 75 billion USD in 2016, According to QYResearch. -Steady Growth to Continue qyresearch.com

QYResearch focus on Market Survey and Research

QYResearch

Analyst

Zhang Xiao

Publisher

QYR Research Center

QYResearch focus on Market Survey and Research

QYResearch Pet food is plant or animal material intended for consumption by pets and can prevent feeding advantage of certain diseases. Pet food is convenient to use and is extremely loved by the pets owing to great taste and huge meat content. Pet food is available in various forms such as dry, wet, snacks and nutritious which offers variety for the pet owners. Typically sold in pet stores and supermarkets, it is usually specific to the type of animal, such as dog food or cat food. Most meat used for nonhuman animals is a byproduct of the human food industry.

QYResearch focus on Market Survey and Research

QYResearch Global pet food sales are expected to top 75 billion USD in 2016 is, according to QYResearch. That figure represents very healthy growth of 4.8 percent over 2015.

The sharp rise in pet humanization and concerns along with increasing disposable income is expected to fuel the growth of the pet food market in near future.

Dog food accounts for over half, at 45.19 billion USD, a robust 5.2% increase over the previous year. Cat food added another 26.03 billion USD (4.5% growth), with the remaining 4.03 billion USD coming from pet food for other species.

QYResearch focus on Market Survey and Research

QYResearch As it has for several years now, North America dominated this year, finishing with 31.23 billion USD in sales, a 4% increase over 2015, US ranked first in the pet population across the globe in 2015, this may impetus on the growth of the pet food market in upcoming years. Other developed, mature pet food regions like Western Europe and Australasia saw 2.1% growth rates, which is encouraging considering that Western Europe especially has been fairly stagnant for a few years. Its sales ended up at 21.16 billion USD, while Australasia reached 2.45 billion USD. The developing regions of the world are where the pet food growth is really happening, following a pattern we’ve seen for a while. Latin America especially shone, recording not only 13.6% growth but also hitting 9.2 billion USD in sales.

Asia Pacific (5.9% growth and 6.53 billion USD) and Eastern Europe (7.4 % growth and 4 billion USD) also hit very positive notes. Middle East and Africa enjoyed a robust 10.6% growth but from relatively tiny sales of only 711 million USD. QYResearch focus on Market Survey and Research

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Thanks for reading, If you are interested in the report, please feel free to contact the QYResearch Center analyst Mr. Zhang Dong +1-6262952442 +861082945717; sales@qyresearch.com Media Contact: press@qyresearch.com Analyst : zhangxiao@qyresearch.com@qyresearch.com

QYResearch focus on Market Survey and Research