Cibi e Bevande
Pet Food Testing Market to Reach $11.4 Billion Globally by 2032 at 5.2% CAGR: Allied Market Research
The pet food testing market is observing growth mainly due to the increasing global spending on pet products and services and rising significance of stringent testing measures. Additionally, the growing consumer awareness regarding pet food ingredients and a heightened preference for personalized and premium offerings are driving the market's growth. However, the increasing operational costs, rising market fragmentation, and intensifying competition, particularly among small and mid-size companies are anticipated to hamper market growth during the forecast period. On the other hand, the increasing consumer emphasis on personalized pet nutrition, coupled with rising awareness of ingredient quality and a surge in pet adoption rates, is expected to unlock growth opportunities in the pet food testing market.
The nutritional analysis sub-segment dominated the global pet food testing market share in 2022, holding a major share of 28.6%. This growth is mainly because nutritional analysis plays a crucial role in helping pet food manufacturers ensure compliance with stringent regulations, meeting required nutritional standards and claims. As pet owners increasingly prioritize transparency and seek detailed information about pet food, comprehensive nutritional analysis services provide a competitive advantage, fostering trust and loyalty.
The dog food sub-segment led the market in 2022, holding a substantial share of 41.6%. This dominance is expected to continue by 2032, holding a major share of 39.1%. The growth of the sub-segment is mainly because of the increasing adoption of advanced testing methods, such as spectroscopy and chromatography, driving more thorough and reliable nutritional analysis. These technological advancements ensure compliance with regulatory standards, providing a competitive edge.
The dry sub-segment dominated the market in 2022, holding a major share of 61.1%. This growth is mainly due to the increasing popularity driven by a longer shelf-life, easy storage, and cost-effectiveness compared to wet pet food and snacks & treats.
The North America region dominated the global pet food testing market in 2022, holding a major share of 35.7%. This is mainly due to the U.S. holding one of the world's largest pet industries, leading to a rising demand for both pet food and testing services. The region's dominance is further driven by stringent U.S. regulatory standards, driving pet food manufacturers and testing facilities to continually advance and innovate their testing services to meet high-quality and safety requirements, thus boosting the demand for transparency and quality in pet food testing.
The report provides a detailed analysis of the key players of the global pet food testing market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of " " and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/pet-food-testing-market-to-reach-11-4-billion-globally-by-2032-at-5-2-cagr-allied-market-research-302033607.html