From US$ 1.4 Billion to US$ 16.7 Billion: How India, Japan, UK, and Germany Lead the Charge in Elevating the Global Fish-Based Pet Food Market

The fish based pet food market is registering a valuation of US$ 1.4 billion in 2023 and is projected to reach US$ 16.7 billion by 2033. The market is capturing a CAGR of 5% during the forecast period.

How Top Countries Are Uplifting the Global Market Size?

India, Japan, the UK, and Germany are among the growing and developed countries predicted to dominate the global market by 2033. The growing desire for pet adoption, increased disposable income, and rising pet food knowledge are driving a significant industry expansion. As more customers show a desire for high-quality pet food based on fish and sourced from sustainable sources, the sector is growing.

View our PDF Sample Report :
https://www.futuremarketinsights.com/reports/sample/rep-gb-14277

The United States is dominating the global market by registering a share of 25.3% by 2033. The increasing number of pet owners, growing trends of pet humanization, and increasing adoption of nutritious pet foods are boosting the market growth. Around 67% of households in the United States are adopting pets, including cats, dogs, birds, and others.

These factors capture huge revenue in the United States market during the forecast period. The present key players are launching novel products to upsurge the market growth. The prominent key players in the global market include Pacific Bio Products, Purina, Freshpet, JustFoodForDogs, Mars Inc, and others.

These players boost sales through distribution channels, such as supermarkets, online retailers, suppliers, etc. These players can enhance their reach through distribution networks to meet relevant customers. These players are researching to develop innovative products in the global market.

Stringent Regulations Decline the Global Market Size

The market has several restraining factors that may limit the global market size. With the increasing consumer demand for alternative options such as vegan and plant-based pet foods, the market growth is declining. On the other hand, the lack of raw material supply and unavailability of pet foods are also declining the market growth.

The rising overfishing and advanced competitors’ strategies are other factors that may face challenges in the market growth. These are a few factors that can limit the global market growth.

Request for Report Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-14277

Key Takeaways:

  • The fish based pet food market is securing a CAGR of 5% with a valuation of US$ 16.7 billion by 2033.
  • Historically, the market captured a valuation of US$ 9.1 billion in 2018.
  • The United States is estimated to register a share of 25.3% in the global market by 2033.
  • Germany is securing a share of 5.6% in the global market during the forecast period.
  • With a share of 4.0%, Japan is capturing a significant driving of the global market share.

Recent Developments in the Global Market are:

  • In 2021, Mars Inc announced its huge investment of US$ 200 million to expand the Royal Canin plant. This investment took place to add new corporations to enhance the production capacity.
  • In 2020, Nestle Purina PetCare invested around US$ 500 million to expand its business in Georgia.

Have a conversation with Analyst:
https://www.futuremarketinsights.com/ask-question/rep-gb-14277

Fish-Based Pet Food Market by Category

By Nature:

  • Organic
  • Conventional

By Product Type:

  • Dry
  • Wet
  • Treat & Chews

By Pet Type:

  • Cat
  • Dog
  • Birds

By Packaging:

  • Pouches
  • Bags
  • Folding Cartons
  • Tubs & Cups
  • Can

Region:

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these