According to a market report by Lucintel, the future of the pet food market in the US looks promising with opportunities in the supermarkets/hypermarkets, convenience stores, and e-retail markets. The major drivers for this market are growing awareness regarding organic pet food products, availability of specific foods for pets according to age and breed, benefits related to dry organic and natural pet food, and growth in demand for premium pet food.
In this market, dry food, wet/canned food, nutritious food, and snacks/treats are the major pet food for dog, cat, and other pets. Dry food is expected to remain the largest segment over the forecast period due to long shelf life, reasonable price and it does not require freezing.
Pet food for dog segment is expected to witness the highest growth over the forecast period due to a large number of consumers’ love for pet dogs, along with increasing dog ownership, dog adoption is also a growing trend.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the pet food market in the US by product type, pet type, and distribution channel has compiled a comprehensive research report titled “Growth Opportunities for the Pet Food Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the pet food market in the US by product type, pet type, and distribution channel as follows:
By Product Type [$ Million Shipment Analysis from 2015 to 2026]:
Dry Food
Wet/Canned Food
Nutritious Food
Snacks/Treats
Others
By Pet Type [$ Million Shipment Analysis from 2015 to 2026]:
By Distribution Channel [$ Million Shipment Analysis from 2015 to 2026]:
Supermarkets/Hypermarkets
Convenience Stores
E-retailers
Others
This more than 50-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.