Pet Food Value Chain
Dogs currently represent one of the most preferred pets across the globe.
Pet food value chain. More than 850 000 people in over 110 000 businesses work in nrw along the food value chain which ranges from the input sectors of agriculture to the various consumer interfaces in the food retail trade or the food service industry. Value chain analysis figure 21. With 95 6 million cats and 83 3 million dogs owned in the united states it is no wonder that there is such a large market for the food that the self proclaimed pet parents feed them. The whole value chain must convey knowledge and transparency as pet food producers and pet food brands we are dependent on other links in the value chain to convey the knowledge and transparency.
However this goal is getting harder to achieve every year due to. The pet food industry is a market that boasts 21 57 billion dollars in sales in the united states 2013. Mehr als 850 000 menschen in über 110 000 betrieben arbeiten in nordrhein westfalen entlang der wertschöpfungskette ernährung. Porter s five forces analysis figure 22.
In 2019 north america is the largest geographical segment of the market studied and accounted for a share of around 39 2 of the overall market. The global pet food market is driven by factors such as rising trend of nuclear families rapid humanization of pets and increased awareness about pet health. Is profitable throughout all of its stages economic sustainability. Amongst others the veterinarians and the shop assistants as the below graph with pet parent influencers will show you.
Pet food market forecast in billion us 2020 2025 figure 24. Pet food market forecast in. Pet food market in billion us 2014 2019 figure 23. The global pet food market henceforth referred to as the market studied was valued at usd 87 08 billion in 2018 and it is expected to register a cagr of 5 4 during the forecast period.
Global pet food extrusion market size north america is projected to dominate the extruded pet food products as well as pet food extrusion equipment markets during the review period this region comprises developing economies such as the us and canada which occupy a significant share of the global extruded pet food products market. The general diet of a dog should comprise a combination of carbohydrates minerals proteins fats vitamins and water. The global pet food market generated revenue of 68 109 million in 2014 and is expected to garner 92 747 million by 2022 registering a cagr of 4 1 from 2016 to 2022. The global dog food market size was worth us 53 billion in 2019.
The goal of the global agribusiness value chain which spans input companies through to the final consumer1 and has a total value of around us 5 trillion is to provide sustainable access to affordable food feed fibre and more recently fuel. Growth in pet adoption a rise in the pet population and the.