Who is in your network?

Pet Food Market Trends, Growth, and Opportunities 2028
The global pet food market size is expected to gain momentum by reaching USD 136.82 billion by 2028 while exhibiting a CAGR of 4.96% between 2021 to 2028. In its report titled “Pet Food Market, 2021-2028,” Fortune Business Insight mentions that the market stood at USD 93.94 billion in 2020.

In the era of widespread remote work, a notable trend has emerged where individuals, capitalizing on the flexibility of working from home, have chosen to welcome a furry friend into their families. Numerous studies affirm that those who opt to adopt pets are less prone to feelings of isolation and depression, attributing this positive impact to the companionship provided by their animal companions. The challenging circumstances brought about by the pandemic have further fueled the demand for pets. Notably, a report from Mars Petcare, a prominent manufacturer of pet food for dogs and cats, revealed a substantial uptick in sales, with a 6.5% growth in the combined sales of cat and dog treats recorded during the 12 weeks spanning from February to May 2020.

Information Source - https://www.fortunebusinessins....ights.com/industry-r