Global Pet Food Market was valued US$ 81.63 Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during a forecast period.
The global pet food market is driven by factors such as the growing trend of nuclear families, rapid humanization of pets, and better awareness about pet health. Furthermore, the rise in ownership of pets in developing nations and an increase in e-commerce sales offer opportunities for market players. However, growing concerns about pet obesity and pet food recalls by companies hinder the growth of the global market. The report contains a detailed list of factors that will drive and restrain the growth of the pet food market.
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