MARKET REPORT 80 FEED & ADDITIVE MAGAZINE October 2023 low carbohydrate requirements, which has increased demand for foods with greater amounts of meat and reduced starch contents. On a form basis, dry food dominates the pet food market due to its widespread popularity and affordability. The dry segment held a significant market share of 57.6% in 2022, according to the report of The Brainy Insights. This is explained by the simple fact that dry-form items are more convenient and have a longer shelf life than wet food. The most popular choice for dogs is dry food since it is inexpensive and accessible to many dog owners. MARKET STATUS BASED BY REGION On a regional basis, North America stands out as a dominant force in the global pet food market. According to the report of Maximize Market Research, the region's dominance is attributed to a strong pet ownership culture, high disposable incomes, and a deep-seated commitment to pet health and nutrition. Consumers in North America are increasingly seeking premium and specialized pet food products, which drives innovation in the industry. Trends like natural and organic pet food, personalized nutrition, and grain-free options have gained significant traction. Additionally, North America serves as a hub for innovation and product development, setting trends that influence the global pet food industry. Europe is another substantial market for pet food, characterized by a diverse landscape of pet owners with varying preferences. The European market is notable for its stringent regulations and emphasis on quality and safety standards. Pet owners in Europe have shown a growing interest in premium and organic pet food, aligning with the region's health-conscious culture. The Asia Pacific region is driven by factors such as rising pet ownership, urbanization, and increasing disposable incomes. As more households adopt pets, there is a growing demand for pet food products. The Asia Pacific market is diverse, with different countries showcasing unique preferences. In countries like Japan and South Korea, premium and • ADM Animal Nutrition • Affinity Petcare SA • Agroindustrias Baires • Agrolimen SA • Ainsworth Pet Nutrition • Alimentos Montes de Oro • Alimentos Polar • Alphia • American Nutrition • Arden Grange Pet Foods • Belina Montes de Oro • Better Choice Company • Bil-Jac Foods • Bravo • BRF Pet SA • BrightPet Nutrition Group • Burns Pet Nutrition • Butcher’s Pet Care • C.J. Foods • Campi Alimentos • Canagan Group • Canidae Pet Foods • Cargill • Caru Pet Food Company • Central Garden & Pet • Champion Pet Care • Deuerer • Diamond Pet Foods • Dog for Dog • DoggyMan H.A. Co. • Empresas Carozzi • Evanger’s Dog & Cat Food • Farmina Pet Foods • Forthglade • Freshpet • Fromm Family Foods • GA Pet Food Partners • General Mills • Gepsa Pet Foods • Gott Pet Products • Grove Pet Foods • Grupo Nu3 • Halo, Purely for Pets • Health Extension Pet Care • Heristo AG • Hill’s Pet Nutrition • Hubbard Feeds • Inaba Petfood • Inspired Pet Nutrition • Instinct • Italcol • iVet Professional Formulas • J.H. Whitney & Co. • J.M. Smucker • Jeil Feed • JustFoodForDogs • Kent Corp. Some of the major players:
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