Functional Pet Food Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Functional Pet Food Market by region.
Global Functional Pet Food Market to reach USD 3.6 billion by 2027. The market is anticipated to grow with a healthy growth rate of more than 8.5 % over the forecast period 2021-2027.
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Functional pet foods are specialty feed formulations supplemented with natural ingredients that are targeted to provide health benefits for pet. Prebiotics, probiotics omega-3 fatty acids, enzymes and nucleotides are the key important ingredients playing a role in pet animals’ health care. Dental health, weight management digestive health, and immune system boosting are key operational areas of interest for pet owners. Functional pet foods also help in disease prevention and treatment for dogs and cats. Development of personalized and customized functional ingredients is expected to fuel the Functional Pet Food Market .For instance, PetCo’s veterinary diet assist to enhance dogs and cats’ immune systems and promotes healthy fur.Moreover several key players are taking strategic initiatives to expand their presence in the market for instance, in October 2020, Nestl?(C) Purina PetCar invested an estimated USD 450 million to open a new factory in Eden, North Carolina, aimed to meet increasing demand for its nutritious pet foods. Similarly, in May 2021, Scoular launched barley-based protein source for aquaculture and pet food. However, lack of proper regulatory environment may impede market growth over the forecast period of 2021-2027. Whereas, trend of functional dog food is expected to create lucrative growth prospects in the market over the forecast period.
The regional analysis of the global Functional Pet Food Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). Europe has gained great momentum in the functional pet food market and is likely to develop at a significant CAGR over the forecast period. Significant increases in pet ownership in European countries such as Russia, Germany, Spain, and Italy, as well as an increase in pet owners’ spending power, are some of the primary drivers of the functional pet food market growth in Europe.
Major market player included in this report are:
DAR PRO Ingredients
Kerry Group
Archer-Daniels-Midland Company
The Scoular Company
Roquette Freres
Isonova Technologies LLC
PDM Group (Prosper De Mulder Ltd)
Nestle Purina PetCare Company
Petcurean Pet Nutrition USA Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Pet:
Dog
Cat
Others
By Source :
Organic
Conventional
By Application :
Bone health
Brain health
Obesity
Heart health
Other
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By Distribution Channel:
Pet Stores
Pharmacies
Veterinary Clinics
Online stores
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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List of Factors Covered in the Report are:
Major Strategic Developments: The report abides by quality and quantity. It covers the major strategic market developments, including R&D, M&A, agreements, new products launch, collaborations, partnerships, joint ventures, and geographical expansion, accompanied by a list of the prominent industry players thriving in the market on a national and international level.
Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most recent developments, combined with the pertinent market segments and sub-segments.
List of Highlights & Approach
The report is made using a variety of efficient analytical methodologies that offers readers an in-depth research and evaluation on the leading market players and comprehensive insight on what place they are holding within the industry. Analytical techniques, such as Porter’s five forces analysis, feasibility studies, SWOT analyses, and ROI analyses, are put to use to examine the development of the major market players.
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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