Functional Pet Food Market

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Functional Pet Food Market (Pet - Dog, Cat, and Others; Ingredient - Omega-3 Fatty Acids, Prebiotics, Probiotics, Minerals, Vitamins, and Others; Application - Weight Management, Bone Health, Heart Health, Digestive Health, Brain Health, Joint Mobility, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : February, 2022

  • Rep Id : FB0310

  • Category : Food & Beverages

  • Status : Published

A recent report published by Infinium Global Research on the functional pet food market provides in-depth analysis of segments and sub-segments in the global as well as a regional functional pet food market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional functional pet food market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global functional pet food market. According to the report, the global functional pet food market is projected to reach USD 3922 million by 2027 from USD 2372 million in 2021, growing at a CAGR of 9% over the forecast period of 2021-2027.

 

Market Insight

Functional Pet Food contains high nutritional content such as Omega Fatty acids, probiotics, prebiotics, added minerals, and vitamins that are essential in the diet of a pet to stay healthy. There is a range of functional pet food products available in the market for different pets such as dogs and cats. Each pet category requires a certain set of nutrition and amount of intake depending on the weight and size of the pet.  Functional pet food products are in high demand all over the world as pet owners are increasingly focused on the health of their pets. Growing research studies on the function of pet food products commercially available in the market are asserting the benefits of these products on the health of the pets and giving crucial insights.

 

The ownership of pets around the world is growing rapidly. The importance of pets as companions in homes has increased severalfold over the past few years. This rapid growth in pet ownership has led to increasing in the demand for functional pet food. Pet owners pay close attention to the health of their pets, they take their pets to the veterinary centers periodically and consult the doctor for an ideal nutritional and balanced diet for their pet. Functional pet food offers a highly nutritional and balanced diet for pets. Thus, this factor is majorly driving the growth of the market. The accessibility and availability of functional pet food are growing owing to the growth in the number of pet care stores, pet food retail outlets, and their growing availability on e-commerce platforms. Many market players are focusing on making their functional pet food available on all major e-commerce platforms and online pet food marketplaces. The only factor that may restrain the growth of the market is the high price of functional pet food products. This may discourage pet owners from buying functional pet food and instead settle for cheaper alternatives. New opportunities are expected to rise as the number of e-commerce platforms only for pet food and care products is growing.

 

The Functional Pet Food market is regionally categorized into North America, Asia-Pacific, Europe, and RoW. North America is expected to dominate the market over the forecast period. North America has one of the largest populations of pets in the world which primarily include cats and dogs. Also, the number of pet ownerships is only growing in North America. Owning a pet is part of the lifestyle of people. With advanced pet care facilities and ecosystem. The demand and availability of functional pet food is high in North America. Europe is expected to hold the second-largest in the market

 

Functional Pet Food Market


Segment Covered

The report on the global functional pet food market covers segments such as pet, ingredient, and application. On the basis of pet, the sub-markets include dog, cat, and others. On the basis of ingredient, the sub-markets include omega-3 fatty acids, prebiotics, probiotics, minerals, vitamins, and others. On the basis of application, the sub-markets include weight management, bone health, heart health, digestive health, brain health, joint mobility, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Mars, Incorporated, Kerry Group, Nestlé Purina PetCare Company, Archer Daniels Midland Company, DAR PRO Ingredients, The Scoular Company, Blue Buffalo Co., Ltd, Isonova Technologies LLC, Koninklijke DSM N.V., and Nisshin Pet Food Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the functional pet food market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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