Dublin, June 22, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/wqp7l4/pet_food_market) has announced the addition of the "Pet Food Market - Middle East And Latin America Industry Analysis, Trend, Size, Share and Forecast 2014 - 2020" report to their offering.
The Middle East and Latin America pet food market is expected to experience a stable growth throughout the forecast period. The pet food market is segmented on the basis of pet type, food type and by geography. The various categories of food type includes dry food, wet/ canned food, snacks/ treats, nutritious and others including semi moist food, frozen food and raw food. Middle East is further segmented into Israel, UAE and others. Moreover, by country, the Latin America pet food market is segmented into Brazil, Argentina and others including Chile and Venezuela.
This study focuses on current market trends and the forecast from 2014 to 2020. The current market scenario for pet food market and the important future trends that are expected to have an impact on growth and demand of pet food are provided in the report. This report provides the present market size and forecast until 2020. The micro economic factor affecting the demand and growth of the market has also been provided in the report.
In both Middle East and Latin America, among the food type, dry pet food held the maximum share in the pet food market in 2013. The primary factor boosting the demand of dry food is its ease of handling. In addition, dry food is inexpensive as compared to other pet food. Moreover, they can be stored for long duration. Among the pet type, the dog food held the major share in these regions during 2013. Demand for dogs for companionship and for security reason is rising due to the growing trend of nuclear family. This, in turn, has significantly boosted the demand for dog food.
However, in both Middle East and Latin America, the nutritious pet food is the fastest growing segment. Increasing number of diseases (Lyme disease, canine parvovirus infection etc.) among pets is contributing to the growth of the prescribed food, which in turn is helping the nutritious food market to grow over the forecast period. In addition, increasing consciousness regarding pet health increases the demand for nutritious food in Middle East and Latin America.
Major industry participants of pet food market are Mars Petcare Inc., Royal Canin, Pedigree, Proctor and Gamble, Nestle Purina PetCare, and Whiskas.
For more information visit http://www.researchandmarkets.com/research/wqp7l4/pet_food_market