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Global Pet Food Market Growth, Trends and Forecasts 2020-2025 - Rising Trend of Pet Humanization - ResearchAndMarkets.com
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The global pet food market was valued at USD 87.08 billion in 2018 and it is expected to register a CAGR of 5.4% during the forecast period. In 2019, North America is the largest geographical segment of the market studied and accounted for a share of around 39.2% of the overall market.
The pet food industry is one of those industries, which has been performing well, despite the economic downturn. The world s largest pet food markets are in the United States, France, Japan, and Germany, accounting for over half of the sales in pet food.