International Pet Market Perspectives: Trend and Opportunities in Pet Food
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The U.S. is by far the largest pet food (dog food and cat food) market, at US$33 billion in 2018, according to Packaged Facts. There exists a second tier of national markets, with combined dog food and cat food sales of US$1 billion or more. Brazil now heads this list.This tier also consists of Argentina, Australia, Canada, France, Germany, Italy, Japan, Mexico, Russia, Spain, and the United Kingdom.
The national markets showing highest longer-term promise for future growth period include Argentina, Brazil, China, India, Mexico, Russia, and South Korea, indicating that the center of pet food industry growth is potentially shifting away from North America and Europe.
This report, International Pet Market Perspectives: Trend and Opportunities in Pet Food, provides summary perspectives on these and other retail market opportunities—particularly those stemming from pet humanization trends and the associated premium/functional products—for commercial dog food and cat food (including treats) in these notable national markets.
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