The Global Market for Pet Foods is Projected to Reach US$97.8 Billion by 2024
Rise in Pet Ownership and Increasing Demand for Premium and Functional Pet Foods Drive Gains in the Global Pet Foods Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Pet Foods market. The global market for Pet Foods is projected to reach US$97.8 billion by 2024 , driven by rise in pet ownership and trends such as pet humanization, and growing preference among pet parents towards healthy, functional, and premium pet foods Commercially available pet foods industry is today inundated with limitless choices and multiple options at different price points, by breed type, life-stage, shapes and sizes, and ingredient preferences. The future for pet foods appears robust, with demand for healthy and premium end foods for pets providing the needed impetus. Besides widening product assortments and manufacturer innovations, factors suc...