Pet Food Market Insights and Emerging Demand by 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 recent times, people are working from home, therefore, many used this as an opportunity to get the family pet. Several studies have shown that people who adopt pets are less likely to suffer from loneliness and depression. As the pets brings the companionship to their owners. Besides, in tough times of pandemic demand for pets increased. For instance, as per report published by Mars Petcare, a leading pet (dog& cat) food manufacturer, stated that the combined sales of cat and dog treats grew by 6.5% in the 12 weeks between February and May 2020.

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