Fish-Based Pet Food Market Expected to Grow at a CAGR of 4.9%: IMF

0

DUBAI, United Arab Emirates, March 30, 2022 (GLOBE NEWSWIRE) — The global fish-based pet food market is expected to grow at a CAGR of 4.9% and top off a valuation of US$16,213.2 million by 2032. Rising demand for new snacks, foods, and culinary experiences for their pets, along with the long-term health benefits of food products, is driving the fish-based pet food market.

Fish-based pet food market size value in 2022 ~US$10.0 billion
Forecast value of the fish-based pet food market in 2032 ~US$16.2 billion
Fish-Based Pet Food Market Growth Rate (2022 to 2032) ~4.9% CAGR
Forecast period 2022-2032
Share of collective value: Top 3 countries (2021) 40.6%

Pet owners are increasingly aware of the health needs of their pets. They are also willing to spend on foods with healthy nutrients. Additionally, the growing focus on long-term pet health checks will drive fish-based pet food sales.

To stay “ahead” of your competitors, request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14277

Additionally, manufacturers are introducing pet foods that address common pet health issues such as bad breath, skin problems, sensitive stomachs, allergies, kidney disease, and others. This has led the fish-based pet food industry to move from simple products targeting the maintenance of adult pets to enhanced, high-energy, nutritious, and specially fortified products.

In line with the idea of ​​giving pets a personalized and raw meal, leading fish-based pet food manufacturers are launching different innovative and versatile solutions like supplements, which are available to be mixed with raw materials. raw or to be taken additionally by pets to meet nutritional needs and diet fulfillment.

Key insights from market research

  • The fish-based pet food market accounts for sales of US$10,058.1 million in 2022.
  • Fish-based pet food market is poised to grow at a CAGR of 6.6% and 6.9% in East Asia and South Asia, respectively, through 2032.
  • The fish-based pet food market share in North America and Europe is 34.3% and 25.3%, respectively, in 2022.
  • The Pacific fish-based pet food market is growing at 8.4% CAGR during the forecast period.
  • In terms of nature, the organic fish-based pet food segment is expected to grow at a CAGR of 6.2% during the forecast period.
  • Based on products, dry type is expected to account for a market share of 38.9% in 2022.

For critical information on this market, ask to ask an expert here @ https://www.futuremarketinsights.com/ask-question/rep-gb-14277

“Fish-based pet food manufacturers are introducing new tastes and innovative packaging while offering new products with different formulations that provide functional health benefits for pets. This should create lucrative opportunities for key players,” says an analyst from Future Market Insights.

Competitive landscape

The major manufacturers in the fish-based pet food market are mainly focusing on research and development to expand their product portfolio and improve the quality of pet food. They are also focusing on expanding their regional footprint to gain a competitive edge in the fish-based pet food industry.

For example,

  • Purina® Pro Plan offers several great choices for fish dog food with SAVOR®, a rice and shredded salmon blend formula, which contains a huge amount of antioxidants and high quality real salmon fish as the first ingredient to provide a healthy immune system to pets.
  • The company also offers a grain-free product, “NATURAL Plus Essential Vitamins and Minerals Grain-Free Tuna and Egg Formula,” in which tuna is the first ingredient, and this formula is made without wheat, corn or soy, which is a poultry-meal product with no added artificial flavors, colors or preservatives.

For more information or a query or customization before buying, visit: https://www.futuremarketinsights.com/customization-available/rep-gb-14277

Fish-Based Pet Food Market by Category

By nature:

By product type:

  • To dry
  • Wet
  • Treats and chews
  • Others

By type of animal:

Per package:

  • Pouches
  • Bags
  • Folding Cartoons
  • Jars and cups
  • Can
  • Bottles and jars

By distribution channel:

  • In-store retail
  • Online retailers

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Explore more valuable insights

Future Market Insights, in its new report, offers an unbiased analysis of the global Fish-Based Pet Food Market, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032 .

To purchase this report, visit @ https://www.futuremarketinsights.com/checkout/14277

The study offers compelling information based on nature (organic, conventional), by product type (dry, wet, treats and chews, and others), type of pet (cat, dog, birds, and others ), packaging (sachets, bags, folding cartons, jars and cups, cans and bottles and jars), distribution channel (in-store retail and online retailers) in seven major regions of the world.

Explore IMF’s extensive food and beverage market intelligence landscape coverage

arachidonic acid market – The arachidonic acid market is expected to register a CAGR of 6.5% during the forecast period from USD 231 million in 2021 to reach a valuation of USD 460 million by 2032.

Nutrigenomics market – The nutrigenomics market is expected to register a CAGR of 16% during the forecast period from USD 451.7 million in 2021 to reach a valuation of USD 2311.49 million by 2032.

Encapsulated Sodium Bicarbonate Market – The Encapsulated Sodium Bicarbonate Market is expected to register a positive CAGR during the forecast period. Encapsulated sodium bicarbonate is primarily used as an agent that lowers stomach acids and is used in bakeries.

Avena Sativa Market – The avena sativa market is expected to register a promising CAGR during the forecast period.

Lentil flour market – The lentil flour market is expected to register a CAGR of 12% during the forecast period from USD 4.87 billion in 2021 to reach a valuation of USD 17 billion by 2032.

high protein flour market – The high protein flour market is expected to register a CAGR of 11.4% during the forecast period from USD 16 billion in 2021 to reach a valuation of USD 52.4 billion here 2032.

Functional Extracts Market – The functional extracts market is expected to register a CAGR of 6.5% during the forecast period and is expected to reach a market share of US$190.95 billion from US$98.9 billion in 2021, owing to consumer awareness of healthy supplements.

Aspartic Acid Market – The aspartic acid market is expected to register a CAGR of 5.1% during the forecast period and is expected to reach a market share of US$174.16 million, owing to the increasing number of pharmaceutical industries these last years.

Encapsulated Citric Acid Market – The encapsulated citric acid market is expected to register a CAGR of 3.1% during the forecast period, driven by the increased demand for food and beverages.

granulated sugar market – Global granulated sugar market demand was valued at 37.08 billion US$ in 2021 and is projected to reach 39.68 billion US$ by the end of 2022. From 2022 to 2032, the market is expected to grow at a CAGR of 7%, poised to be valued at US$83.51 billion.

About Future Market Insights (IMF)
Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. Latest news from the IMF market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity in the midst of fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.

Contact:

future market outlook,
1602-6 Jumeirah Bay Tower X2,
Parcel number: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For sales inquiries: [email protected]
For media inquiries: [email protected]
Website: https://www.futuremarketinsights.com/
Report : https://www.futuremarketinsights.com/reports/fish-based-pet-food-market

main logo

Share.

About Author

Comments are closed.