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Dublin, June 04, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/gwrm5z/pet_food_market) has announced the addition of the "Pet Food Market in the US 2015-2019" report to their offering.
The analysts forecast the Pet Food market in the US to grow at a CAGR of 3.07 percent over the period 2014-2019.
Pet food is developed from either plant or animal extracts and is formulated according to the nutritional needs of the type and age of the animal being fed. The key ingredients in the pet food include by-products of meat, poultry, and seafood; feed grains; enzymes; amino acids; preservatives; stabilizers; and gelling agents. Pet food is available in pet stores as well as in retail outlets such as supermarkets.
The Pet Food market in the US can be divided into the following segments: Dog Food, Cat Food, and Other Pet Food. The market can be further categorized by product type into Dry Food, Wet Food, and Treat and Snack/Mixers.
The premiumization of pet food is one of the major trends in the market. To ensure that the pets get the appropriate nutrition, people are willing to pay high prices for premium pet foods.
According to the report, recovery from economic recession is a key driver in the market. The loss of jobs and fall in income during the economic recession of 2008-2009 have led to a change in the expenditure pattern of people in the US.
Further, the report states that per obesity is a key challenge for the vendors. On average, one out of five pets is obese because of the increased consumption of packaged food, which is expected to affect the overall market growth.
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For more information visit http://www.researchandmarkets.com/research/gwrm5z/pet_food_market
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Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is ingested by an organism ...
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