DUBLIN, June 04, 2015 /PRNewswire/ — Research and Markets( http://www.researchandmarkets.com/research/cb73n2/pet_food_market) has announced the addition of the “Pet Food Market in the US 2015-2019” report to their offering.
The analysts forecast the Pet Food market in the US to grow at a CAGR of 3.07 percent over the period 2014-2019.
Pet food is developed from either plant or animal extracts and is formulated according to the nutritional needs of the type and age of the animal being fed. The key ingredients in the pet food include by-products of meat, poultry, and seafood; feed grains; enzymes; amino acids; preservatives; stabilizers; and gelling agents. Pet food is available in pet stores as well as in retail outlets such as supermarkets.
The Pet Food market in the US can be divided into the following segments: Dog Food, Cat Food, and Other Pet Food. The market can be further categorized by product type into Dry Food, Wet Food, and Treat and Snack/Mixers.
The premiumization of pet food is one of the major trends in the market. To ensure that the pets get the appropriate nutrition, people are willing to pay high prices for premium pet foods.
According to the report, recovery from economic recession is a key driver in the market. The loss of jobs and fall in income during the economic recession of 2008-2009 have led to a change in the expenditure pattern of people in the US.
Further, the report states that per obesity is a key challenge for the vendors. On average, one out of five pets is obese because of the increased consumption of packaged food, which is expected to affect the overall market growth.
- Big Heart Pet Brands
Other Prominent Vendors
- Ainsworth Pet Nutrition
- Alaska Naturals
- American Nutrition
- Blue Buffalo
- California Naturals
- Diamond Pet Foods
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Country Profile: The US
- Market Landscape
- Market Segmentation by Pet Type
- Market Segmentation by Product
- Market Segmentation by Material
- Market Segmentation by Distribution Channel
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/cb73n2/pet_food_market
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SOURCE Research and Markets