Global pet milk industry to 2027
Dublin, June 15, 2021 (GLOBE NEWSWIRE) – The “Pet Milk Market by Pet Type, Product Form and Distribution Channel: Global Opportunity Analysis and Industry Forecast 2021-2027” the report was added to ResearchAndMarkets.com offer.
The global pet milk market size was valued at $ 116.3 million in 2019 and is expected to reach $ 173.1 million by 2027, registering a CAGR of 6.9% from 2021 to 2027 .
The growing trend of owning a pet such as dogs and cats is gaining in popularity much more than before due to factors such as physical and mental health benefits and improved social status. Owning a pet can reduce stress, build confidence, keep the heart healthy, and help control blood pressure and cholesterol levels, scientifically proven facts that encourage people to own a pet. Hence, increasing the adoption of pets is a vital factor propelling the growth of the pet milk market.
In addition, sometimes the bitch / cat cannot produce a sufficient amount of milk, due to their poor health. In such cases, pet milk or milk substitutes are used to feed newborn puppies and kittens to provide them with essential nutrients and proteins necessary for their survival and growth. The use of pet milk has become more important as pets such as dogs and cats cannot be fed cow’s milk as these animals are lactose intolerant. This is another crucial factor that is propelling the demand for pet milk across the world.
In addition, the increasing trend towards humanization of pets, rapid urbanization, shift to nuclear families, high disposable income and awareness of the health benefits of owning pets are several factors. important factors which lead to an increase in the number of pet adoptions and ultimately propel the growth of the animal milk market during the forecast period. However, manufacturers of pet milk must follow strict government standards regarding the manufacture, packaging, labeling, and nutritional content of pet milk. Additionally, the pet milk market is highly dependent on the death rate of puppies and kittens, as pet milk is mostly consumed by newborns. High mortality rate and strict government regulations can be a strain on the global pet milk market.
According to the market analysis, the pet milk market is segmented into pet type, product form, distribution channel, and region. Based on the type of pet, the market is categorized into dog and cat. By product form, it is separated into powder and liquid. By distribution channel, it is segmented into specialty stores, mass distribution stores, direct-to-consumer sales, e-commerce and others. By region, it is analyzed in North America (United States, Canada and Mexico), in Europe (United Kingdom, France, Italy, Russia, Germany, Poland, Spain and rest of Europe), in Asia-Pacific (China, Japan, India, South Korea, Australia and rest of Asia-Pacific) and LAMEA (Brazil, Argentina, South Africa and rest of LAMEA).
North America dominated the pet milk market in 2019 and is expected to maintain its dominance throughout the forecast period. North America is followed by Europe in terms of market share. The fastest growing region is expected to be Asia Pacific, followed by LAMEA.
Major players operating in the global pet milk market have adopted various development strategies to increase their market share and increase profitability in the market. Major players featured in this report include Pet Ag, Inc., Beaphar, BV, Grober Nutrition, Inc., Fetch For Pets, LLC, Milk Products, Inc., Manna Pro Products, LLC, Petlife International Ltd., Royal Canin USA , Inc., Toplife Formula Pvt. Ltd., and Versele-Laga, NV
- The report provides quantitative analysis of current market trends, estimates and market size dynamics from 2019 to 2027 to identify existing opportunities.
- Porter’s Five Forces Analysis highlights the power of buyers and suppliers to empower stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
- In-depth analysis along with market size and segmentation helps in determining current opportunities in the Pet Milk market.
- The main countries in each region are mapped according to their contribution to market revenues.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the current position of market players in the pet milk industry.
Main topics covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
2.2. Definition and scope of the market
2.3. Main conclusions
2.3.1. The best investment pockets
2.4. Porter’s Five Forces Analysis
2.5. Market dynamics
126.96.36.199. The humanization of pets will increase the demand for pet milk
188.8.131.52. Lack of adequate colostrum forces pet owners to switch to animal milk
184.108.40.206. Urbanization and move towards nuclear families are boosting pet ownership
220.127.116.11. Strict government standards on the production of pet milk
18.104.22.168. High Pet Mortality Rate May Hinder Market Growth
22.214.171.124. Rising Popularity of Pet Coffee May Drive Pet Milk Market Growth
126.96.36.199. Premiumisation of pet milk can increase income
2.6. Impact and Analysis of COVID-19 on the Pet Milk Market
2.7. Key regulations
2.8. Estimated companion animal population by region
CHAPTER 3: PET MILK MARKET, BY TYPE OF PET
3.1.1. Market size and forecast
3.2.1. Key Market Trends, Growth Drivers and Opportunities
3.2.2. Market size and forecast
3.3.1. Key Market Trends, Growth Drivers and Opportunities
3.3.2. Market size and forecast
CHAPTER 4: PET MILK MARKET, BY PRODUCT FORM
4.1.1. Market size and forecast
4.2.1. Key Market Trends, Growth Drivers and Opportunities
4.2.2. Market size and forecast
4.3.1. Key Market Trends, Growth Drivers and Opportunities
4.3.2. Market size and forecast
CHAPTER 5: PET MILK MARKET, BY DISTRIBUTION CHANNEL
5.1.1. Market size and forecast
5.2. Specialized store
5.2.1. Key Market Trends, Growth Drivers and Opportunities
5.2.2. Market size and forecast
5.3. Large distribution
5.3.1. Key Market Trends, Growth Drivers and Opportunities
5.3.2. Market size and forecast
5.4. Direct to consumer (D2C)
5.4.1. Key Market Trends, Growth Drivers and Opportunities
5.4.2. Market size and forecast
5.5.1. Key Market Trends, Growth Drivers and Opportunities
5.5.2. Market size and forecast
5.6.1. Key Market Trends, Growth Drivers and Opportunities
5.6.2. Market size and forecast
CHAPTER 6: PET MILK MARKET, BY REGION
CHAPTER 7: LANDSCAPE OF COMPETITION
7.1. Product mapping
7.2. Competitive scoreboard
CHAPTER 8: COMPANY PROFILES
8.1. PET AG, INC.
8.1.1. Company presentation
8.1.2. Key leaders
8.1.3. Company overview
8.1.4. Operational business sectors
8.1.5. Product portfolio
8.2. BEAPHAR BV
8.2.1. Company presentation
8.2.2. Key leaders
8.2.3. Company overview
8.2.4. Operational business sectors
8.2.5. Product portfolio
8.3. GROBER NUTRITION, INC.
8.3.1. Company presentation
8.3.2. Key leaders
8.3.3. Company overview
8.3.4. Operational business sectors
8.3.5. Product portfolio
8.4. PET FETCH, LLC.
8.4.1. Company presentation
8.4.2. Key leaders
8.4.3. Company overview
8.4.4. Operational business sectors
8.4.5. Product portfolio
8.5. DAIRY PRODUCTS, INC.
8.5.1. Company presentation
8.5.2. Key leaders
8.5.3. Company overview
8.5.4. Operational business sectors
8.5.5. Product portfolio
8.6. MANNA PRO PRODUCTS, LLC
8.6.1. Company presentation
8.6.2. Key leaders
8.6.3. Company overview
8.6.4. Operational business sectors
8.6.5. Product portfolio
8.7. PETLIFE INTERNATIONAL, LTD.
8.7.1. Company presentation
8.7.2. Key leaders
8.7.3. Company overview
8.7.4. Operational business sectors
8.7.5. Product portfolio
8.8. ROYAL CANIN USA, INC.
8.8.1. Company presentation
8.8.2. Key leaders
8.8.3. Company overview
8.8.4. Operational business sectors
8.8.5. Product portfolio
8.9. TOPLIFE FORMULA PVT. LTD.
8.9.1. Company presentation
8.9.2. Key leaders
8.9.3. Company overview
8.9.4. Operational business sectors
8.9.5. Product portfolio
8.10. VERSELE-LAGA, NV
8.10.1. Company presentation
8.10.2. Key leaders
8.10.3. Company overview
8.10.4. Operational business sectors
8.10.5. Product portfolio
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