Global Field Peas Market: Size, Outlook, Trend and Forecast 2024
Bharat Book Bureau Provides the Trending Market Research Report on "Global Field Peas Market for Pet Food Research Report Forecast to 2024” (https://www.bharatbook.com/marketreports/global-field-peas-market-for-pet-food-research-report-forecast-to-2024/1571235) under Food & Beverage Category. The report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
The demand for field peas is increasing in the pet food market. With the rising adoption of pets across the globe, the demand for pet food has grown. Field peas are rich in vitamins, minerals, proteins, and fiber, which significantly contribute to the enhancement of pet health.
The global Field Peas Market for pet food has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world. The European market accounted for the majority market share in 2017 and is expected to retain its dominance during the forecast period. The growth of the field peas market can be attributed to the high production of pet food, especially in Western Europe. The pet food market is highly fragmented in the region owing to the presence of key players and local and unorganized players. Thus, manufacturers are emphasizing product development to capture maximum market share. Grain-free pet foods are a major trend gaining traction among pet food manufacturers in Europe.
The North American market accounted for a 31.00% market share in 2017 and is projected to register a growth rate of 5.56% during the forecast period. The widespread adoption of pets, especially in the US, is expected to fuel the growth of the field peas market for pet food during the forecast period of 2018 to 2024.
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Last Update : 21 June 2019
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