Overview
Pet humanization has become a huge trend in recent years due to a growing population of single and childless households as well as an increasing number of retirees who live longer. This phenomenal movement was further accelerated during the COVID-19 pandemic when people were forced to stay home and work from home. Statistics from Frost &Sullivan showed that the global pet food market is expected to grow at a CAGR of 7.1% during 2021-2026.
As the number of pet lovers increase, so does the population of their canine companions and feline friends. The pet food market has become a...