Current Situation and Trend of Global Pet Food Market
Release time:
Jul 18,2023
The global pet food market has matured earlier and the overall pattern is relatively stable For example, Mars is one of the largest pet food enterprises in the world, and has produced pet food since 1935. It has many international leading brands of pet food, including Baolu Dog Food Weijia Cat Food; Nestle Punari is one of the largest pet food manufacturers in the United States; Pinpu Holdings is a national leading supplier of consumer goods and professional pet products However, there are also many later shows such as Blue Buffalo Snow Mountain Aikena (under Champion).
The global pet food market has matured earlier and the overall pattern is relatively stable For example, Mars is one of the largest pet food enterprises in the world, and has produced pet food since 1935. It has many international leading brands of pet food, including Baolu Dog Food Weijia Cat Food; Nestle Punari is one of the largest pet food manufacturers in the United States; Pinpu Holdings is a national leading supplier of consumer goods and professional pet products However, there are also many later shows such as Blue Buffalo Snow Mountain Aikena (under Champion).
The biggest characteristic of the global pet food market is its high monopoly, which is basically monopolized by several large enterprises such as Mars Nestle These enterprises have rich market development in the market competition, high brand awareness, reputation and loyalty, and strong product research and development and capital advantages. These enterprises directly affect the trend of the world pet food market In 2018, the top five pet food manufacturers in the world were Mars Nestle JM SmuckerHills and Diamond Pet Foods, respectively. The market sales of the top five enterprises totaled 37.977 billion US dollars, accounting for 89.84% of the total revenue of the top ten enterprises.
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