Reportstack has announced that US is the Leading Country in the Global Pet Food Market. The analysis is for the forecast period 2014-2018. The Pet Food market in North America is moving toward its maturity. The market is witnessing steady demand for pet foods among households. The US is the largest revenue contributor within North America, accounting for approximately 85 percent of its market share. According to the statistics provided by The US National Council on Pet Population Study and Policy, there were 83.3 million dogs and 95.6 million cats owned by US households in 2013 and this figure will continue to increase during the forecast period.
Increasing pet humanization, growing urbanization, and increase in pet ownership are some of the prime factors that are propelling the growth of the Global Pet Food market during the forecast period. Because of the increase in disposable income of the urban population and a consequent increase in the number of people owning pets, emerging countries in regions such as Latin America and the APAC region are witnessing increased demand for pet food. This in turn is leading to market growth.
To determine the scenario for these vendors in the next 3-4 years, analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit US is the Leading Country in the Global Pet Food Market report.
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