The Pet Snacks And Treats Global Market Report 2023, provides comprehensive information on the pet snacks and treats market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Pet Snacks And Treats Global Market Report 2023, the global pet snacks and treats market is expected to grow from $37.79 billion in 2022 to $42.41 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pet snacks and treats market is expected to reach $66.62 billion in 2027 at a CAGR of 12%.
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Product innovations are a key trend gaining popularity in the pet snacks and treats market. Major companies operating in the pet snacks and treats market are focusing on developing innovative products to sustain their position in the market. For instance, in May 2022, Wellness Pet Company, a US-based pet food company, launched Good Dog by Wellness, a brand of all-natural dog treats. Good dog-happy puppy treats are specially designed, grain-free snacks for growing puppies. With triple puppy care and purposeful ingredients such as veggies and omega-rich flaxseed, these bite-sized treats support brain development, immune health, and overall well-being and allow pet parents to choose from a variety of alternatives to address specific health and training needs, such as inspiring good behavior in a young puppy or maintaining the overall health of dogs of all ages.
The pet snacks and treats market is segmented:
1) By Product: Eatables, Chewable
2) By Category: Conventional, Organic
3) By Pet Type: Dogs, Cats, Birds, Fish, Other Pets
4) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Pet Stores, Online, Other Distribution Channels
North America was the largest region in the pet snacks and treats market in 2022.
The table of contents in TBRC’s pet snacks and treats market report includes:
- Executive Summary
- Pet Snacks And Treats Market Characteristics
- Pet Snacks And Treats Market Trends And Strategies
- Pet Snacks And Treats Market – Macro Economic Scenario
- Global Pet Snacks And Treats Market Size and Growth
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- Global Pet Snacks And Treats Market Competitive Benchmarking
- Global Pet Snacks And Treats Market Competitive Dashboard
- Key Mergers And Acquisitions In The Pet Snacks And Treats Market
- Pet Snacks And Treats Market Future Outlook and Potential Analysis
- Appendix
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