U.S. Pet Food (Dry Food, Wet Food and Treat & Snacks/Mixers) Market for Dogs, Cats and Other Pets 2014 - 2020
Deerfield Beach, FL -- (SBWIRE) -- 06/20/2017 -- Zion Market Research has published a new report titled "U.S. Pet Food (Dry Food, Wet Food, and Treat & Snacks/Mixers) Market for Dogs, Cats, and Other Pets, 2014 - 2020." According to the report, U.S. pet food industry was valued at USD 23.15 billion in 2014 and is expected to reach USD 28.19 billion in 2020, growing at a CAGR of 3.41% between 2015 and 2020.
Plants or animal extracts are key raw materials used in the manufacture of pet food products. Pet food products are manufacture red according to the nutritional value of the raw materials that go well with the requirements of the type and age of the animal being fed. Pet food products in U.S. are sold through retail outlets in supermarkets and specialized pet stores.
Request For free Sample Report: https://goo.gl/Kr674s
The pet food market growth in U.S. is triggered by the increase in pet humanization and growing pet health concerns further supported by the revival of the economy. People in the region are more concerned about the fulfillment of the physical and emotional need of their pet. This has resulted in the increase in spending on providing good quality food products to their pets. Further, increase in pet health concerns has made pet owners to shift towards healthy and nutritious food that is exclusively prepared according to the age and type of pet. U.S. is the mature market for pet food products and the package, label, and other claims by pet food companies influence the purchase trends.
However, ever increasing product recalls and increasing pet obesity have posed the major threat to the pet food industry in U.S. market. Obesity has become the very common problem with pets such as dogs and cats. Over, 50% dogs and cats in U.S. are facing health problems owing to obesity. Moreover, arthritis and heart disease are other ailments affecting aging pets, thus discouraging the adoption of pets.
Request For Free Price Quotations https://goo.gl/ZUpzKM
The U.S. pet food market was valued at USD 23.5 billion in 2014 and is expected to grow at a CAGR of 3.4% between 2015 and 2020. Pet food market is mainly segmented into dry food, wet food, and treat & snacks/mixers. Dry food was the largest market segment of pet food industry in U.S. Wet food was the second largest market segment with around 20% share in total sales in 2014. Treat & snacks/mixers are small volume market and hold small market share. In terms of revenue, dog food accounted for largest market share followed by cat food segment with around 30% share in total revenue generated in the year 2014.
The U.S. pet food industry is characterized by a presence of a large number of pet food product manufacturers. Intense competition among the producers has resulted in increasing focus on research and development. Big Heart Pet Brands, Mars, and Nestlé are among the leading players in the U.S. pet food industry.
Browse detail report at http://www.marketresearchstore.com/report/us-pet-food-market-34819
About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
3422 SW 15 Street,Suite #8138
Deerfield Beach, Florida 33442
Toll Free: +1-855-465-4651 (USA-CANADA)
Visit Our Blog: https://marketresearchstore2017.wordpress.com