The Global Animal And Pet Food Market Was Valued At $457 Billion in 2017 According To TBRC’s Latest Report

The global animal and pet food market was valued at $456.8 billion in 2017. Asia Pacific was the largest geographic region accounting for $158.5 billion or 34.7% of the global market. The USA was the largest country accounting for $79.4 billion or 17.4% of the global animal and pet food market.

This industry comprises establishments primarily engaged in manufacturing food and feed for animals and pets from ingredients, such as grains, oilseed mill products, and meat products.

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The market was valued at $457 billion in 2017, and it is expected grow because of improved earning capacity and emerging markets growth.

Asia- Pacific was the largest in animal and pet food market in 2017, accounting for about one-third of the global market share.

Animal And Pet Food Global Market is split into segments: pet food and animal food.

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The USA was the biggest player in animal and pet food market in 2017, accounting for one-fifth of animal and pet food market. And it is followed by China.

The top competitors in the market are Nestlé Purina, Mars Petcare Inc., Big Heart Pet brands , Blue Buffalo and Hill’s Pet Nutirion. Nestlé Purina Pet care is a St. Louis, Missouri-based subsidiary of Nestlé. It produces and markets pet food, treats and litter. Some of its pet food brands include Purina Pro Plan, Purina Dog Chow, Purina ONE. The company was formed in 2001 by combining Ralston Purina, which was acquired by Nestlé for $10.3 billion, with Nestlé’s Friskies Pet care Company. As consumers became willing to spend more money on their pets, the company grew. As of 2012, it was the second-largest pet food company globally and the largest in the United States.

 

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