The global pet treats market was valued at $20,066.4 million in 2021, and is projected to reach $29,715.5 million by 2031, registering a CAGR of 4.2%. North America dominated the global market in 2021, and is estimated to reach $10,697.6 million by 2031, with a CAGR of 5.1%.
The change from pet ownership to parenting has been a very vital and defining trend in the pet treats market, specifically in developed countries. One-third of the households in the developed countries have a pet, where dog or a cat pet ownership have dominance. Traditionally, pet owners used to feed their pets from the leftover family meals. However, owing to the rise in awareness regarding the importance of right pet food, which are manufactured with a focus to improve health of these animals, has led to the rise in demand for vegan pet food in the market. According to the inhouse survey, the expenditure on pets increased by 1.5X as compared to last decade. The majority of expenditure related to pet food has altogether grown immensely in the last few years with various pet food market trends.
The organic trend is rising and becoming very popular among customers. As consumers become more health-conscious and aware of the unhealthy production and cultivation of food crops and its effect over their pets’ health, the demand for organic vegan pet food also rises in the market. For instance, benefits associated with organic vegan pet food include, no usage of harmful chemicals, fertilizers GMO ingredients, pesticides, radiation, or genetic engineering. In addition, according to The Research Institute of Organic Agriculture (FiBL), the global revenue generated from the organic market in 2019 was $123 million with 3.1 million of organic agriculture producers globally. Furthermore, Australia had the largest organic agricultural land of 35.7 billion hectares and Europe had 16.5 million hectares, which is equivalent to more than 60% of the global organic area followed by Latin America and Asia-Pacific with 11% and 5.9%, respectively. Moreover, many consumers have negative perceptions regarding genetically modified organisms, despite endorsements from leading, global scientific organizations, and more than three fourth of consumers globally think non-GMO food products are healthier. The GMOs rank remains in the top list of food concerns among global shoppers. Therefore, key players are also stepping forward to introduce organic pet food products to fulfill the rise in demand. In addition, the rise in spending on organic products and the increase in disposable income, especially in developing countries, including China, India, Brazil, and Mexico are expected to propel the growth of the organic pet treats market.
The pet treats market is segmented into pet type, form, distribution channel, and region. On the basis of pet type, the market is subdivided into dog food, cat food, and others. On the basis of form, the market is bifurcated into organic and conventional. On the basis of distribution channel, the market is classified into online and offline. Region-wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, New Zealand, Australia, Singapore, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, UAE, and rest of LAMEA).
The players operating in the global pet treat market adopt various developmental strategies to increase their market share, gain profitability, and remain competitive in the market. Key players operating in the market include, Benevo, Hill’s Pet Nutrition, Evolution Diet, Freshpet, Mars, Incorporated, Nestle S. A., Supreme Petfoods, THE PACK, V-Dog, Wild Harvest, Heristo AG, Diamond Pet Foods, Captain Zack, Pet Munchies, Arden Grange, Royal Canin SAS, And The Pet Beastro.
According to the market players, the major obstacle faced by them attributed to the COVID-19 pandemic, was the disruption of the supply chain. Furthermore, all supply channels were nearly shut down in the first quarter of 2020 during the pandemic. However, online distribution channels, such as Amazon. com, Flipkart, eBay, Esty, Rakuten, and Newegg showed high sales growth amid the pandemic.
The change from pet ownership to parenting has been a very vital and defining trend in the pet treats market, specifically in developed countries. One-third of the households in the developed countries have a pet, where dog or a cat pet ownership have dominance. Traditionally, pet owners used to feed their pets from the leftover family meals. However, owing to the rise in awareness regarding the importance of right pet food, which are manufactured with a focus to improve health of these animals, has led to the rise in demand for vegan pet food in the market. According to the inhouse survey, the expenditure on pets increased by 1.5X as compared to last decade. The majority of expenditure related to pet food has altogether grown immensely in the last few years with various pet food market trends.
The organic trend is rising and becoming very popular among customers. As consumers become more health-conscious and aware of the unhealthy production and cultivation of food crops and its effect over their pets’ health, the demand for organic vegan pet food also rises in the market. For instance, benefits associated with organic vegan pet food include, no usage of harmful chemicals, fertilizers GMO ingredients, pesticides, radiation, or genetic engineering. In addition, according to The Research Institute of Organic Agriculture (FiBL), the global revenue generated from the organic market in 2019 was $123 million with 3.1 million of organic agriculture producers globally. Furthermore, Australia had the largest organic agricultural land of 35.7 billion hectares and Europe had 16.5 million hectares, which is equivalent to more than 60% of the global organic area followed by Latin America and Asia-Pacific with 11% and 5.9%, respectively. Moreover, many consumers have negative perceptions regarding genetically modified organisms, despite endorsements from leading, global scientific organizations, and more than three fourth of consumers globally think non-GMO food products are healthier. The GMOs rank remains in the top list of food concerns among global shoppers. Therefore, key players are also stepping forward to introduce organic pet food products to fulfill the rise in demand. In addition, the rise in spending on organic products and the increase in disposable income, especially in developing countries, including China, India, Brazil, and Mexico are expected to propel the growth of the organic pet treats market.
The pet treats market is segmented into pet type, form, distribution channel, and region. On the basis of pet type, the market is subdivided into dog food, cat food, and others. On the basis of form, the market is bifurcated into organic and conventional. On the basis of distribution channel, the market is classified into online and offline. Region-wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, New Zealand, Australia, Singapore, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, UAE, and rest of LAMEA).
The players operating in the global pet treat market adopt various developmental strategies to increase their market share, gain profitability, and remain competitive in the market. Key players operating in the market include, Benevo, Hill’s Pet Nutrition, Evolution Diet, Freshpet, Mars, Incorporated, Nestle S. A., Supreme Petfoods, THE PACK, V-Dog, Wild Harvest, Heristo AG, Diamond Pet Foods, Captain Zack, Pet Munchies, Arden Grange, Royal Canin SAS, And The Pet Beastro.
According to the market players, the major obstacle faced by them attributed to the COVID-19 pandemic, was the disruption of the supply chain. Furthermore, all supply channels were nearly shut down in the first quarter of 2020 during the pandemic. However, online distribution channels, such as Amazon. com, Flipkart, eBay, Esty, Rakuten, and Newegg showed high sales growth amid the pandemic.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pet treats market analysis from 2021 to 2031 to identify the prevailing pet treats market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pet treats market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pet treats market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Pet Type
- Dog
- Cat
- Others
By Form
- Organic
- Conventional
By Sales Channel
- Online
- Offline
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Russia
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Singapore
- New Zealand
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest Of LAMEA
Key Market Players
- Captain Zack
- Pet Munchies
- arden grange pet foods
- Royal Canin
- The Pet Beastro
- Mars Petcare Inc
- The Hartz Mountain Corporation
- Nestle S. A.
- Canine India
- Hill's pet nutrition Inc
- The Pack
- V-Dog
- wild harvest
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: PET TREATS MARKET, BY PET TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Dog
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Cat
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: PET TREATS MARKET, BY FORM
5.1 Overview
5.1.1 Market size and forecast
5.2 Organic
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Conventional
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: PET TREATS MARKET, BY SALES CHANNEL
6.1 Overview
6.1.1 Market size and forecast
6.2 Online
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Offline
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: PET TREATS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Pet Type
7.2.3 North America Market size and forecast, by Form
7.2.4 North America Market size and forecast, by Sales Channel
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Pet Type
7.2.5.1.2 Market size and forecast, by Form
7.2.5.1.3 Market size and forecast, by Sales Channel
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Pet Type
7.2.5.2.2 Market size and forecast, by Form
7.2.5.2.3 Market size and forecast, by Sales Channel
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Pet Type
7.2.5.3.2 Market size and forecast, by Form
7.2.5.3.3 Market size and forecast, by Sales Channel
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Pet Type
7.3.3 Europe Market size and forecast, by Form
7.3.4 Europe Market size and forecast, by Sales Channel
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Pet Type
7.3.5.1.2 Market size and forecast, by Form
7.3.5.1.3 Market size and forecast, by Sales Channel
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Pet Type
7.3.5.2.2 Market size and forecast, by Form
7.3.5.2.3 Market size and forecast, by Sales Channel
7.3.5.3 Italy
7.3.5.3.1 Market size and forecast, by Pet Type
7.3.5.3.2 Market size and forecast, by Form
7.3.5.3.3 Market size and forecast, by Sales Channel
7.3.5.4 France
7.3.5.4.1 Market size and forecast, by Pet Type
7.3.5.4.2 Market size and forecast, by Form
7.3.5.4.3 Market size and forecast, by Sales Channel
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Pet Type
7.3.5.5.2 Market size and forecast, by Form
7.3.5.5.3 Market size and forecast, by Sales Channel
7.3.5.6 Russia
7.3.5.6.1 Market size and forecast, by Pet Type
7.3.5.6.2 Market size and forecast, by Form
7.3.5.6.3 Market size and forecast, by Sales Channel
7.3.5.7 Rest of Europe
7.3.5.7.1 Market size and forecast, by Pet Type
7.3.5.7.2 Market size and forecast, by Form
7.3.5.7.3 Market size and forecast, by Sales Channel
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Pet Type
7.4.3 Asia-Pacific Market size and forecast, by Form
7.4.4 Asia-Pacific Market size and forecast, by Sales Channel
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Pet Type
7.4.5.1.2 Market size and forecast, by Form
7.4.5.1.3 Market size and forecast, by Sales Channel
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Pet Type
7.4.5.2.2 Market size and forecast, by Form
7.4.5.2.3 Market size and forecast, by Sales Channel
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Pet Type
7.4.5.3.2 Market size and forecast, by Form
7.4.5.3.3 Market size and forecast, by Sales Channel
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Pet Type
7.4.5.4.2 Market size and forecast, by Form
7.4.5.4.3 Market size and forecast, by Sales Channel
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Pet Type
7.4.5.5.2 Market size and forecast, by Form
7.4.5.5.3 Market size and forecast, by Sales Channel
7.4.5.6 Singapore
7.4.5.6.1 Market size and forecast, by Pet Type
7.4.5.6.2 Market size and forecast, by Form
7.4.5.6.3 Market size and forecast, by Sales Channel
7.4.5.7 New Zealand
7.4.5.7.1 Market size and forecast, by Pet Type
7.4.5.7.2 Market size and forecast, by Form
7.4.5.7.3 Market size and forecast, by Sales Channel
7.4.5.8 Rest of Asia-Pacific
7.4.5.8.1 Market size and forecast, by Pet Type
7.4.5.8.2 Market size and forecast, by Form
7.4.5.8.3 Market size and forecast, by Sales Channel
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Pet Type
7.5.3 LAMEA Market size and forecast, by Form
7.5.4 LAMEA Market size and forecast, by Sales Channel
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Pet Type
7.5.5.1.2 Market size and forecast, by Form
7.5.5.1.3 Market size and forecast, by Sales Channel
7.5.5.2 Argentina
7.5.5.2.1 Market size and forecast, by Pet Type
7.5.5.2.2 Market size and forecast, by Form
7.5.5.2.3 Market size and forecast, by Sales Channel
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Pet Type
7.5.5.3.2 Market size and forecast, by Form
7.5.5.3.3 Market size and forecast, by Sales Channel
7.5.5.4 Saudi Arabia
7.5.5.4.1 Market size and forecast, by Pet Type
7.5.5.4.2 Market size and forecast, by Form
7.5.5.4.3 Market size and forecast, by Sales Channel
7.5.5.5 United Arab Emirates
7.5.5.5.1 Market size and forecast, by Pet Type
7.5.5.5.2 Market size and forecast, by Form
7.5.5.5.3 Market size and forecast, by Sales Channel
7.5.5.6 Rest of LAMEA
7.5.5.6.1 Market size and forecast, by Pet Type
7.5.5.6.2 Market size and forecast, by Form
7.5.5.6.3 Market size and forecast, by Sales Channel
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Captain Zack
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Pet Munchies
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 arden grange pet foods
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Royal Canin
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 The Pet Beastro
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Mars Petcare Inc
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 The Hartz Mountain Corporation
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 , Nestle S. A.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Canine India
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Hill's pet nutrition Inc
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 The Pack
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 V-Dog
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 wild harvest
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Pet Treats Market,' the Pet Treats Market Size was valued at $20.1 billion in 2021, and is estimated to reach $29.7 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.There is a large consumer shift towards veganism was found during the vegunary’s challenge in 2020. As many as 6% of the U.S. population said that they are vegan, which was just 1% in 2014. In addition, there were more than 500,000 participants who signed up for vegunary’s challenge in 2021, which was 25% more than the challenge of 2020, which had 400,000 participants only. This shows rise in consumer shift towards plant-based products or called vegan products and is expected to remain positive in the future. In addition, owing to the growth in health awareness regarding pets and various food allergies, pet owners now shift towards vegan pet food to avoid any skin allergy or health issue among their pets. Therefore, the rise in the trend towards veganism coupled with pets’ health awareness and benefits of vegan pet food propel the demand for vegan pet treats among pet owners.
However, the market faces stiff challenges as per the Australian Veterinary Association Ltd. The study found that majority of the Australian population, which is more than half dreams to own a new dog. However, only 13% of the respondents confirmed that they intend to buy a pet within a year. There are multiple reasons responsible for resistance in pet or dog adoption, such as, responsibility of pet ownership, having an inappropriate home, which are unsuitable for the dog or unsuitable lifestyle, and the fact that other members of the household are not comfortable living with pets. Moreover, various public places, such as restaurants, malls, and hotels restrict the entry of pets, including dogs. These factors collectively restrict pet adoption, which in the process restraints the Pet Treats Market Growth.
The pet treats market is segmented into pet type, form, distribution channel, and region. On the basis of pet type, the Pet Treats Market is subdivided into dog food, cat food, and others. On the basis of form, the market is bifurcated into organic and conventional. On the basis of distribution channel, the market is classified into online and offline. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, New Zealand, Australia, Singapore, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, UAE, and rest of LAMEA).
Key findings of the study
On the basis of form, the conventional segment dominated the global market in 2021, and is estimated to reach $24,854.3 million by 2031, with a CAGR of 4.0%. Conventional pet treats segment holds the maximum Pet Treats Market Share due to various benefits offered by convention farming to the farmers, such as ease, convenience, and safety of crops in farming. Conventional farming offers huge availability of raw material at low cost.By pet type, the dog segment was the dominated the global market in 2021 and is likely to remain dominant during the Pet Treats Market Foreacst period, with a CAGR of 4.2%. Dog treats generated the highest revenue in 2021 owing to increase in trend of nuclear families and their demand to keep dogs for companionship and security. It has been observed that pet owners prefer dry treats over canned or wet treats as it is easy to store, no refrigeration needed and is more economically cost-effective.
By distribution channel, the offline segment dominated the global market with a CAGR of 3.9%. However, the online segment is likely to be the fastest-growing segment during the forecast period.
Region-wise, North America, dominated the global Pet Treats Industry and is likely to remain dominant during the forecast period. The North America market is strongly driven by pet humanization, strong growth in pet ownership, increasing consciousness towards pets’ health, and increasing Pet Treats Market Trends of premium and super-quality pet treats. As per American Pet Products Association, more than 65% of the U.S. households own a pet, and thus, results into one of the biggest Pet Treats Industry in the globe.
The players operating in the global pet treats market adopt various developmental strategies to increase their market share, gain profitability, and remain competitive in the market. Key players included in the Pet Treats Market Analysis are, Benevo, Hill’s Pet Nutrition, Evolution Diet, Freshpet, Mars, Incorporated, Nestle S.A., Supreme Petfoods, THE PACK, V-Dog, Wild Harvest, Heristo AG, Diamond Pet Foods, Captain Zack, Pet Munchies, Arden Grange, Royal Canin SAS, and The Pet Beastro.
Companies Mentioned
- Captain Zack
- Pet Munchies
- Arden Grange Pet Foods
- Royal Canin
- the Pet Beastro
- Mars Petcare Inc.
- the Hartz Mountain Corporation
- , Nestle SA
- Canine India
- Hill's Pet Nutrition Inc.
- the Pack
- V-Dog
- Wild Harvest
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 237 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 20066.4 million |
| Forecasted Market Value ( USD | $ 29715.5 million |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
