Pet Food Market Worth $139.29 Billion By 2030 | CAGR: 4.4%
Pet Food Industry Overview The global pet food market size is expected to reach USD 139.29 billion by 2030, registering a CAGR of 4.4%, as per a new report by Grand View Research Inc. Packaged pet food provides standard nutritional value required in pet’s daily life. This is projected to drive market growth over the forecast period. Pet Food Market Segmentation Grand View Research has segmented the global pet food market based on type, animal, and region: Based on the Type Insights, the market is segmented into Dry Food, Wet Food, Snacks/Treats. Dry food accounted for the largest share of 44.9% for the year 2021 and is useful in ensuring good oral care in dogs with minimal tartar buildup on the animal’s teeth and by reducing plaque. In addition, this product type offers the crunch and chewing required for maintaining the overall health of animals. Dry food eliminates the need for freezing like that in the case of canned food. High...