PUBLISHER: Value Market Research | PRODUCT CODE: 1361759
PUBLISHER: Value Market Research | PRODUCT CODE: 1361759
The global demand for Pet Snacks And Treats Market is presumed to reach the market size of nearly USD 14.76 BN by 2030 from USD 9.12 BN in 2022 with a CAGR of 6.2% under the study period 2023 - 2030.
Pet snacks and treats form a part of pet foods, referring to the foods designed for domestic animals, such as a dog or a cat. They are prepared from materials derived from animals or plants. Pet snacks are given for nutritional purposes, while pet treats are designed to cultivate good habits among pets. Pet snacks include biscuits, grains, dry fruits, or vegetables in baked form. They are mainly eatable, while pet treats are chewable and eatable.
The market growth for pet snacks and treats is driven by the growing demand of pet owners for a variety of snacks and treats, as some people passionately love their pets and treat them as family members. In other words, the growing humanization and adoption of pets drive the future world market. In terms of size, eatable products govern the market. Pet snacks type categories include foods for the dog, cats, and other animals, while dog foods are more popular because of the rate of adoption. In the segment of distribution, the supermarket leads the market. Increasing pet adoption for both high- and middle-income groups will retain the demand for pet snacks and treats. The key players are emphasizing research and development in this sector to bring innovative and high-quality products keeping in mind the health and wellness of the pets.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of pet snacks and treats. The growth and trends of pet snacks and treats industry provide a holistic approach to this study.
This section of the pet snacks and treats market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Pet Snacks And Treats market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the pet snacks and treats market include Mars, Incorporated and its Affiliates, Nestle, SCHELL & KAMPETER, INC., The J.M. Smucker Company, Hill's Pet Nutrition Inc., Addiction Foods, Wellness Pet Company, Spectrum Brands, Inc., Unicharm Corporation, Blue Buffalo Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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