Pet Food Market Exhibiting A 4.3% CAGR During The Forecast Period: Grand View Research Inc.
San Francisco, 7 March 2019: The Report Pet Food Market Size, Share & Trends Analysis Report By Product (Dry, Wet/Canned, Nutritious, Snacks/Treats), By Application (Dog, Cat, Others), By Region, Competitive Landscape, And Segment Forecasts, 2012 – 2022 The global Pet Food Market size is projected to reach USD 98.81 billion by 2022, according to a new report by Grand View Research, Inc., exhibiting a 4.3% CAGR during the forecast period. Rising trend of pet adoption is expected to be a major driving factor over the coming years. Increasing number of nuclear families in emerging economies of Asia Pacific, particularly India, China, Vietnam, and Indonesia, has resulted in the growing trend of pet adoption and this is expected to drive market growth over the forecast period. Rising need for nutritious, healthy, and organic pet food on account of increasing awareness regarding animal health is expected to augment market demand. Increasing life expectancy across the globe has le