The global Pet Food Flavors market is characterized by high growth due to the growing demand of pet food products worldwide. Further, changing lifestyles, and rising disposable income of the global population would further propel the growth of the pet food flavors market. Factors like growing urbanization and increasing pet humanization are creating a need for pet food flavors across the globe.
However, increasing obesity in pets, regulatory issues and rising pet allergies would affect the overall growth of the pet food flavors market. To counter aforementioned threats and to maintain the growth rate, key companies in the market are adopting strategies such as customization and partnerships.
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The biotechnology firm DIANA Pet Food and BRAIN AG, world’s foremost partner in the pet food market and member of the Symrise Group has recently announced a strategic partnership in the taste science sector. This would help to boost the product offerings for the companies. Kerry group offers customization of pet food flavors to help customers meet their market objectives. The companies can benefit immensely by focusing on organic pet food flavors and catering to the rising demand from developing economies.
The report provides an insight into key market strategies such as innovation, research and development. Further, in order to provide comprehensive data, the report segments the global pet food flavors market on the basis of type, application and geography. The type segment includes natural flavors and artificial flavors. The application segment consists of fish food, cat food, bird food and dog food.
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The Global Pet Food Flavors Market is segmented below:
Pet Food Flavors Market – By Type
Pet Food Flavors Market – By Application
Pet Food Flavors Market – By Geography
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