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RSSDallas, Texas (PRWEB) March 27, 2014
In the past, the majority of pet food sales were generated from big retail grocery chains and pet stores. However, nowadays, a number of retailers stock private label pet food that is more profitable than branded pet food. The major reasons for this are less costs incurred in producing and selling private label products and ease in supply and distribution. Moreover, private label products are cheaper than national brands, thereby attracting new customers in emerging markets. Therefore, the rise in supermarkets and hypermarkets is likely to lead to an increase in the sales of private label pet care brands, which will in turn, propel the growth of the Global Pet Care market.
According to the report, the Global Pet Care market is driven by several factors of which growing urbanization is very important. In the recent past, developed and developing countries have been witnessing rapid urbanization, which has led to an increase in the disposable income of the urban population. This has led to an increase in spending on pet care products.
The Global Pet Care market can be divided into two main segments: Pet Food and Other Pet Care Products. The Global Pet Care market has also been segmented based on the type of pets owned.
The Global Pet Care Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Western Europe, the APAC region, Latin America, Eastern Europe, and the MEA region; it also covers the Global Pet Care market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Regions
- North America
- Western Europe
- APAC
- Latin America
- Eastern Europe
- MEA
Key Vendors
- Del Monte Corp.
- Mars Inc.
- Nestlé SA
- Procter & Gamble Co.
Key Market Driver
- Growing Urbanization.
- For a full, detailed list, view our report.
Key Market Challenge
- Increasing Health Issues among Pets.
- For a full, detailed list, view our report.
Key Market Trend
- Increased Adoption of Private Label Brands.
- For a full, detailed list, view our report.
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Further, the report states that pets often face health problems that are a matter of serious concern for their owners. One of the common problems faced by pets is obesity, especially in dogs and cats. On average, one out of five pets is obese because of the increased consumption of packaged food products. Further, it has been observed that some pets get addicted to packaged food and completely avoid home-cooked food, resulting in side effects. Additionally, arthritis and heart disease are some of the other increasing health problems faced by aging pets, thus, restricting people from adopting pets. Therefore, health problems in pets pose a significant challenge to the Global Pet Care market.
The report recognizes the following companies as the key players in Global Pet Care Market: Affinity Petcare, Agrolimen SA, Ainsworth Pet Nutrition, Bob Martin (UK) Ltd., C & D Foods Ltd. , Champion SA, Colgate-Palmolive Co., Iris Ohyama Co. Ltd. , Maruha Nichiro Holdings Inc., Marukan Co. Ltd., Mogiana Alimentos SA , Nippon Pet Food Ltd., Nisshin Seifun Group, Nutriara Almentos Ltda, Palmera Spa, Paragon Pet Products, Partner in Pet Food, Provimi BV, Rolf C. Hagen Inc., Smack Co. Ltd., Sunrise Co. Ltd., Total Alimentos SA , Truffaut Garden , Unicharm Corp., V.I.P. Petfoods, Vitakraft-Werke Wührmann & Sohn GmbH & Co. KG, Yamahisa Pet Co. Ltd., Yeaster Co. Ltd.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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