The pet food market segment is dominated by dog and cat food products, accounting for 90% of the market. Global pet food manufacturers are launching products that respond to consumer demand for better quality and healthier products.
North America and the European Union are the leaders in the global pet care industry. The Southeast Asian pet care market is seeing the fastest growth. Emerging markets – Russia, Brazil, and Mexico – are also among the 10 largest markets in the world. Japan is the largest buyer of pet food from the US – Japan accounts for 50% of all US exports of dog and cat food. Other top potential markets for US manufacturers include Australia and Taiwan.