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EMAILWIRE.COM, January 03, 2017 ) The Global Pet Food Nutraceuticals Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report, the Global Pet Food Nutraceuticals Market is estimated to be $4.40 USD billion and predicted to rise to $5.39 USD billion with a CAGR of 4.12%. The market is segmented by Ingredient Type (Omega 3 fatty acids, Proteins and Peptides, Milk Bio actives, Probiotics, Dietary Fiber, and others), by Function type (Nutrition/Therapeutic, Supplements), by Pet Type (Cats, Fish, Dogs, Bird, and others), and by Application Type (Weight Management, Immune system, Food Allergies, Pain Relief, Digestive health, Skin and Coat, Eye care, and others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Free sample of the report is available at
http://www.marketdataforecast.com/market-reports/global-pet-food-nutraceuticals-market-1334/request-sampleThe growth of the global Pet Food Nutraceuticals market is majorly driven by factors such as an increasing number of people adopting pets, user attitudinal transformation towards pets with curiosity on their nutrition and health, and rapid urbanization. However, factors such as different regulatory bodies and lack of raw materials are restraining the growth of the market. Another major challenge for the market is the lack of recognition of pet food in under-developed countries due to low incomes.
Omega 3 fatty acids lead the global Pet Food Nutraceuticals market on the basis of Ingredient type, followed by Probiotics. This demand is largely driven by the age associated diseases in pets like joints deterioration and cognitive dysfunction. Dogs and Cats lead the global market under the Pet type segment, accounting for a combined share of 75% of the market. Under the application segment, Immune system leads the global market, followed by Food Allergies and Pain Relief.
Scope of the Report:
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive
PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
North America and Europe are the main users accounting for around 60% of the entire market. U.S. is the major market and is also projected to be the fastest growing country in North America. The Asia Pacific market has the highest CAGR due to factors such as increasing urbanization and growing disposable incomes, thereby leading to an increased adoption of pets.
Enquire more about the report at
http://www.marketdataforecast.com/market-reports/global-pet-food-nutraceuticals-market-1334/inquireThe major players in this market are focusing in the areas of Digestive health, weight management and beauty (Skin and Coat). The major companies dominating the global Pet Food Nutraceuticals market are Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.
Market Data Forecast
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