Research and Markets has added two new pet market reports to its offerings.
A report entitled Global Pet Food Market 2012-2016 from TechNavio projects the global petfood market will grow at a compound annual growth rate of 6.35 percent from 2012-16. The report covers the market for petfood in the Americas, EMEA and APA regions, including market landscape and growth prospects.
Research and Markets also added the Pet Market Market Report 2013 to its offerings. The report's authors predict the UK pet market will grow by 12.6 percent from 2013-17, with the majority of growth seen in the pet insurance and petfood sectors.
This market report focuses on petfood, pet accessories and pet insurance in the UK. The report says petfood is the largest of the three categories of focus in the report, accounting for more than two-thirds of the market in 2012. The petfood sector's growth is attributed to rising commodity costs and premiumization linked to new product development , centered around trends in human food like organic and environmentally friendly.
The mid-year meeting addressed several regulatory matters affecting petfoods
Committees discussed key proposals such as a possible shift in the oversight of animal feeds
Public meetings invited comments and provided updates
While petfood shoppers continue to show strong brand loyalty, pet products have not been immune to the store brand swing
There's a disconnect between consumers' confidence in petfoods and their knowledge of what makes the foods nutritious
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
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