Research and Markets published a new "Global Pet Care" report with pet care market analysis and forecasts to 2015.
A Global Pet Care industry profile provides qualitative and quantitative summary information on market share and market size; profiles of leading pet product companies, including Mars Inc., Nestle and Proctor & Gamble Company; an analysis of pet care market trends and more.
According to the report, the pet care market, which is comprised of retail sales of cat care, dog care, other pet care and pet healthcare products, generated total revenues of US$80.3 billion in 2010, representing a compound annual growth rate of 4.3 percent from 2006-2010. Dog care sales were the most profitable in the global pet care market in 2010, generating total revenues of US$29.2 billion or 36.3 percent of the market's total value. The report forecasts a slowdown in the 2010-2015 period at an anticipated compound annual growth rate of 3.8 percent and a market value of US$97 billion in 2015.
The report can be purchased online.
By Lindsay Beaton
Pet food safety is top-of-mind all along the production line, and everything from the ingredients to the equipment must offer solutions.
By Debbie Phillips-Donaldson
Many hours, efforts, dollars and brainpower go into pet food companies’ and regulatory bodies’ efforts to ensure that products on the market are safe and healthy for pets.