(MoneyNewsWire.Net, October 16, 2017 ) According to the report North America Pet food Market, published by Market Data Forecast, the Market has been estimated at USD 26.43 Billion in 2016 and is projected to reach USD 31.64 Billion by 2021, at a CAGR of 3.67% during the forecast period from 2016 to 2021. Pet food is made out of plant or animal material for the proper feeding of pet animals. Animals need a certain combination of protein, carbohydrates, fats, vitamins, minerals and water every day in order to function normally. Necessary vitamins and minerals are included in complete and balanced pet foods.
Due to the concern for the pets by the pet owners and changing perception of consumer towards pet health is major reason behind the growth of the pet food market. Recent rise in the concept of pet humanization, where the pets are being treated with increased care and hygiene is also helping to fuel the demand for pet food products. Pet allergies and rise in over eating and lack of physical exercise, due to which obesity in pet is increasing is constraining the market growth because, the pet owners are preferring other healthy substitutes.
Browse market data tables and in-depth TOC of the North America Pet food Industry to 2021 @ http://www.marketdataforecast.com/market-reports/north-america-pet-food-market-425/
North America market for Pet food is segmented into ingredients, animal type and geography. Each of these segments are further sub segmented into, Ingredient: Animal Derivatives, Fish derivatives, Fruits & Vegetables, Cereals & Cereal by-products, Fats & Oils, Vitamins & Minerals, Additives; Animal: Dog, Cat, Bird, Others,
Geographically North America market for is Pet Food is segmented into US, Mexico, Canada and Others. Pet market is being driven mostly by the North American Region which has the largest market share. North American market is being mainly driven by the US primarily due to sluggish economic growth.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/north-america-pet-food-market-425/request-sample
The North America pet food industry is highly concentrated with ten major players together accounting for more than 50% of the market share and remaining market share distributed among the large number of small manufactures. Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina Pet Care, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, Purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC. are the major companies in the market.
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