The global pet food market is expected to reach USD 98.81 billion by 2022, according to a new report by Grand View Research, Inc. Growing trend towards pet adoption as a result of increasing number of nuclear families in emerging economies of Asia Pacific including India, China, Vietnam, and Indonesia is expected to drive the industry over the forecast period. Rising need for nutritious, healthy, and organic food on account of increasing awareness towards pet health is expected to augment demand. Increasing life expectancy in the region has led to older generation adopting pets to guide them through routine chores; this is expected to fuel demand over the forecast period.
http://www.grandviewresearch.com/industry-analysis/pet-food-industry
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