Middle East Pet Food Market Is Expected to Reach Usd 350.5 Million by 2020, and Latin America Pet Food Market Is Expected to Reach Usd 10,361.0 Million by 2020

Transparency Market
Research

Pet Food Market - Middle East And Latin America Industry
Analysis, Trend, Size, Share and Forecast 2014 - 2020

Published Date
16-04-2015

69 Page Report

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Press Release

Middle East Pet Food Market is Expected to Reach USD 350.5
Million by 2020, and Latin America Pet Food Market is Expected
to Reach USD 10,361.0 Million by 2020

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Pet Food Market

REPORT DESCRIPTION

According to a new market report published by Transparency Market Research “Pet Food Market - Middle
East And Latin America Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020”, the Middle East
pet food market was valued at USD 239.6 million in 2013 and is expected to reach USD 350.5 million by
2020, growing at a CAGR of 5.6% from 2014 to 2020, and the Latin America pet food market was valued at
USD 8,202.1 million in 2013 and is forecast to reach USD 10,361.0 million by 2020, growing at a CAGR of
3.4% during the forecast period.
The pet food market in Middle East and Latin America is primarily driven by growing awareness regarding
pet health. Consequently demand for packaged and branded food is expected to increase in near future.
Moreover, with growing urbanization comes busy work schedule. As the company of pets act helps to
release stress, there is an increasing trend of people adopting pets. This factor is also driving the demand
for pet food in these regions. In addition, demand for pets for companionship and for security reason is
rising due to the growing trend of the nuclear family. This, in turn, has significantly boosted the demand for
pet food in Middle East and Latin America.
Browse the full Pet Food Market - Middle East And Latin America Industry Analysis, Trend, Size,
Share and Forecast 2014 - 2020 report...