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The pet food market size is forecast to increase by USD 41 billion at a CAGR of 6.15% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing pet humanization and premiumization trends. Pet owners are prioritizing nutritious foods for their pets, leading to a rise in demand for commercial foods with savory ingredients and smaller portions. This shift is influenced by the growing awareness of pet health issues, particularly osteoarthritis, which necessitates specialized dietary needs. The pet population, comprising dogs, cats, birds, small mammals, rodents, and ornamental fish, continues to expand, fueled by pet adoption and the rising body size of pets. Millennials, in particular, are driving the market, with their strong affinity towards pets and their willingness to spend on high-quality pet products. The market is expected to witness continued growth, as pet owners seek to provide their beloved companions with the best possible nutrition.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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