Per Euromonitor International, global sales of dog and cat foods will grow from US$42 billion to US$48 billion. This will happen over the period from 2005 to 2010. Following are some of the stimuli and deterrents to growth.
Stimuli to growth
Growth in dog and cat food sales is expected to be especially strong in Eastern Europe, as Poland, the Czech Republic and Hungary will benefit from membership in the EU. The least developed regions in petfood, such as Africa and the Middle East, are expected to experience the strongest constant value growth between 2006 and 2010.
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
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