Pet Milk Replacement Products Market Predicted to Grow at a Moderate Pace Through 2027

The global pet milk replacement products market was valued at US$ 96.0 million in 2018 and is expected to exhibit a CAGR of 5.7% in terms of revenue, over the forecast period (2019-2027).

North America accounted for the largest market share of around 31.7% in 2018, owing to adoption of large number of pets in the U.S. and Canada. For instance, according to the Humane Society of the United States, around 4 million cats and dogs are adopted from shelters each year.  

Players operating in the global pet milk replacement products market are focused on adopting various growth strategies such as mergers & acquisitions, in order to strengthen their market presence. For instance, in July 2019, Manna Pro Products LLC acquired Hero Pet Brands, a company that manufactures puppy pads, flea and tick treatment, pet food, and other pet products to strengthen its product portfolio in the milk replacement products market.

Major players operating in the global pet milk replacement products market include Pet-Ag, Inc., The Hartz Mountain Corporation, Beaphar B.V., Petlife International Ltd., Royal Canin, Toplife Formula, GNC Holdings Inc., Grober Nutrition Inc., Versele-laga, and Manna Pro Products LLC.

Have A Fresh Look: https://www.coherentmarketinsights.com/insight/talk-to-analyst/3335

Published by CMFE Reports

Understanding customers' demands is an imperative part of today’s business strategy. At Coherent Market Insights, we deliver better services and experiences by believing in our client’s business goals. Many companies require steady on-going support for research data and market intelligence across their business functions. Our long-term engagement model is a kind of business engagement model wherein we dedicate our resources to client’s project exclusively, and resources are trained on client-specific business research. We offer research support that aligns with our client’s company structure, to offer a customized, flexible engagement model that fits their exact business requirements. Our team of experts works in direct contact with clients throughout the duration of an assignment and helps them with idea generation, optimizing the processes, strategy and sales initiatives, monitoring and coordinating and vendor management.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create your website with WordPress.com
Get started
%d bloggers like this: