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United State Pet Food Market
The pet food with animal parts used may include damaged bones, cheek meat, carcass parts, and organs such as kidneys, liver, lungs, intestines, udders, stomach tissue, and spleen. Cereal grains, such as soybean meal, cracked wheat, corn meal, and barley, are often used to improve the product's consistency and reduce the cost of raw materials. Liquid ingredients may include meat broth, water, or blood. In addition, salt, preservatives, stabilizers, and gelling agents are often necessary.
United States Pet Food Market is expected to grow with a CAGR of 5.56% during the forecast period of 2022 to 2028.
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The pet store market in the United States is a highly concentrated industry, with two companies, PETCO Animal Supplies and Pet Smart, accounting for over 45 percent of the market in 2022, according to Statista. In addition, the Alpha Wise survey reported that 65% of 18- to 34-year-olds plan to get a pet in the next five years, which will help drive the expected 14% increase in pet ownership by 2030.
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