Pet Food
The growth of speciality pet foods and the overall market expansion for pet foods and treats, which is anticipated to post a 5.8% CAGR over the next five years, both serve as evidence of how committed pet parents are to their animal friends. As consumers search for specialized blends and mixes made for particular diets, customized meal plans, or healthy treats, quality and convenience go hand in hand. Pet food options that are organic and vegan continue to gain popularity and are expected to reach $22 billion in sales by 2020. This is primarily attributable to Millennials, who make up the largest group of pet owners, imitating their own eating patterns.
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