Deerfield Beach, FL, March 30, 2016 (GLOBE NEWSWIRE) -- Zion Research has released a new report titled “U.S. Pet Food (Dry Food, Wet Food and Treat & Snacks/Mixers) Market for Dogs, Cats and Other Pets - Industry Perspective, Comprehensive Analysis, Size, Share, Segment, Trends and Forecast 2014 – 2020” According to the report, the U.S Pet food market was valued at approximately USD 23.15 billion in 2014 and is expected to reach approximately USD 28.19 billion by 2020, growing at a CAGR of around 3.41% between 2015 and 2020.
Pet food is meat and vegetables meal consumed by pet animals and specially made for domesticated animals. Pet food generally consists of meat, meat byproducts, cereals, grain, vitamins, and minerals. Pet food palatants are referred to as digest. It is usually specific to the type of animal, such as cat, dog and others pet food.
Browse the full U.S. Pet Food (Dry Food, Wet Food and Treat & Snacks/Mixers) Market for Dogs, Cats and Other Pets 2014 - 2020 report at http://www.marketresearchstore.com/report/us-pet-food-market-34819
According to 2015 National Pet Owners Survey conducted by American Pet Products Association, 65% of U.S. households contain a pet. The pet food market is mainly driven by increasing pet health awareness and pet humanization. People are shifting toward healthy and nutritious food for their pets which is prepared according to the age and type of pet. In the U.S. around 300 manufacturers produce over 7 million tons of pet food each year. Changing lifestyle coupled with increasing disposable income is expected to boost market growth over the forecast period. However, pet allergies and rules and regulation are expected to be major challenges for the U.S. pet food market.
On the basis of products, the pet food market has been segmented into dry food, wet food and treat & snacks/mixers. In 2014, dry food segment is accounted for major share and predicted to continue this trend over the forecast period. Wet food is another leading product segment which is accounted for over 20.0% market share of total revenue generated in 2014.
Browse 3 Market Tables and 26 Figures spread through 62 Pages and an in-depth TOC on “Pet Food Market - U.S. Size, Shares, Trends, Segment & Forecast to 2020”
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Dog food, cat food and other pet foods are the main key applications included in U.S. pet food market. Among all applications, dog food was the largest application segment with over 30.0% share of overall market in 2014. Cat food segment is also expected to show steady growth in the years to come. The growth of pet food market in this region is mainly attributed to increasing adoption of pets coupled with changing lifestyle.
Some of the key participants for the U.S. pet food market includes Mars Petcare Inc., P&G PetCare, Big Heart Pet Brands, Nestle Purina PetCare, Diamond Pet Foods, Hill’s Pet Nutrition, Deuerer, WellPet, Blue Buffalo, and Heristo AG.
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The report segments the U.S. pet food market as:
U.S. Pet Food Market: Product Segment Analysis
- Dry Food
- Wet Food
- Treat and Snacks/Mixers
U.S. Pet Food Market: Application Segment Analysis
- Other Pets
Browse Press Release at http://www.marketresearchstore.com/news/us-pet-food-market-dry-food-wet-food-and-48
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