This study focuses on current market trends and the forecast from 2014 to 2020. The current market scenario for pet food market and the important future trends that are expected to have an impact on growth and demand of pet food are provided in the report. This report provides the present market size and forecast until 2020. The micro economic factor affecting the demand and growth of the market has also been provided in the report.
Albany, NY -- (SBWIRE) -- 03/16/2016 -- The pet food market of Middle East and Latin America is expected to experience a stable growth from 2014 to 2020. The pet food market report is segmented on the basis of pet type, food type and by geography. The various category of food type includes dry food, wet/ canned food, snacks/ treats, nutritious and others including semi dry food and frozen food. By country, the pet food market of Middle East is segmented by country into Israel, UAE and others. The Latin America pet food market is segmented by country into Brazil, Argentina, and others consisting of Chile and Venezuela.
The pet food market of Middle East and Latin America is primarily driven by growing awareness of pet owner's regarding pet health, thus increasing the demand for packaged and branded food. In addition, demand for pets for companionship and for security reason is rising due to the growing trend towards nuclear family. This, in turn, has significantly boosted demand for pet food in these regions.
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However, the rising incident of pets being allergic and strict government regulations acts as the restraining factors for the growth of pet food market. In addition, the increasing expense of feeding pets and cultural/Islamic regulations also hinders the growth of pet food market.
The study highlights current market trends and provides the forecast from 2014 to 2020. We have also covered the current market scenario for pet food market and highlighted future trends that will have an impact on demand. The present market size and forecast until 2020 has been provided in the report. The micro economic factor affecting the demand and growth of the market has also been provided in the report.
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The pet food market in the Middle East is expected to experience stable growth during the forecast period. Demand for pets for companionship is rising due to the growing trend towards nuclear family. This, in turn, has significantly boosted demand for pet food in the region. Furthermore, increasing awareness among people regarding the health of pets is anticipated to fuel demand for pet food in Middle East and Latin America. In Latin America, the major factor fuelling the demand of pet food is rapid urbanization. Urbanization is associated with busy work schedule leading to increasing adoption of pets.
In both Middle East and Latin America, dry pet food held the maximum share in the pet food market among the different food types because of its ease of handling and less cost. Moreover, it is easier to feed pets with dry pet food. Among the pet types, the dog food held the major share. The trend shows that dogs are much more preferred than other pets as it can be used to release stress and for security purposes also. This factor is fuelling the demand for dog food in this region. However, in both Middle East and Latin America the nutritious pet food is the fastest growing segment. As people are getting more attached towards pet they are becoming very much cautious about their pet's nutrition. Owners endeavor to provide nutritious food to pets is the factor responsible for the growth of the nutritious pet food market.
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The conclusive analysis of the Middle East and Latin America Pet food market and the forecasted market growth for the period 2014 to 2020 is provided in this report. The report provides in depth study of different market segments and detailed analysis of the pet food market in all possible way across different segments based on food type, pet type and by geography.
Overall, the report takes into account a complete analysis of Middle East and Latin America pet food market and provides a predicted growth for the period 2014 to 2020, taking into account the various macro and micro economic factors affecting the market.
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