The Global Pet Food Market is expected to reach US$ 127.2 Bn. by 2027 from US$ 90.35 Bn in 2020 at CAGR of 4.8 % during forecast period of 2021 to 2027.
Global Pet Food Market Overview:
The Pet Food Market is expected to be driven by dog food demand and a higher proportion of premium pet food. Dry food, in particular, is witnessing high demand growth when compared to its equivalents in other product categories, owing to its simplicity in terms of storage and feeding pets, which eliminates the mess of liquid food articles. This is required to stimulate urban pet owners to choose Dry Pet Food. Canned food is more appetizing to dogs and cats because it is higher in Protein, Fat, and Carbohydrate content. Wet/canned Pet Food is not only easier to digest, but it also reduced the time spent cleaning the backyard. Wet food is preferred by cats and dogs with illnesses and those who are messy eaters due to its higher digestibility.