Pet Food News Pet Food Market Trends

Global petfood industry worth $50 billion in 2010, Markets and Markets report estimates

In 2010, the global pet market was estimated to be worth more than US$50 billion in 2010, according to Markets and Markets' petfood industry report, "Global Pet Food Market by Type, Animal, Geography Trends & Outlook 2011-2016."

The report says that North America dominates the global petfood market, with more than 40% of the total market share in 2010. Countries in the Asia-Pacific region, such as India and China, as well as Brazil are expected to be high-growth markets for petfood, according to the report. The report also includes trends in the global petfood market, such as the shift to organic and natural petfoods.

A copy of the report may be purchased online from Markets and Markets.

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