FOCUS ON PET SNACK OEM AND ODM FOUNDRY
FOCUS ON PET SNACK OEM AND ODM FOUNDRY
Analysis of the Current Situation and Development Trends of the Global Pet Food Industry Market
Release time:
2023-09-25
The global pet food market has developed early and has entered a mature stage, with a relatively stable overall pattern. Mars, one of the world's largest pet food companies, has been producing pet food since 1935 and has numerous leading international pet food brands,
The global pet food market has developed early and has entered a mature stage, with a relatively stable overall pattern. Mars, one of the world's largest pet food companies, has been producing pet food since 1935 and has numerous leading international pet food brands, including Baolu Dog Food and Weijia Cat Food; Nestle Panari is one of the largest pet food manufacturing companies in the United States; Pinpu Holdings is a national consumer goods company and a leading supplier of professional pet products. But there are also post production shows, such as Blue Buffalo, Snow Mountain, and Aikena (under Champion).
The biggest characteristic of the global pet food market is its high monopoly, which is mainly monopolized by several large enterprises such as Mars and Nestle. These enterprises have gained rich market development experience in long-term market competition, with high brand awareness, reputation, and loyalty, as well as strong product research and development and financial advantages. The development of these enterprises directly affects the direction of the world pet food market. In 2018, the top five pet food production companies in the world were Mars, Nestle, JM Smucker, Hills, and Diamond Pet Foods, with a total market sales of $37.977 billion, accounting for 89.84% of the total revenue of the top ten companies.
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