North America is still the largest pet food region, with $27 bn in sales. Europe ranks second, but as a region is still seeing only slight growth overall, with sales totalling $20 bn in 2015. Most other pet food markets highlighted by GfK enjoyed growth in 2015, including Argentina ($1 bn in sales), Brazil ($5 bn), South Africa ($300 mio), Russia ($1.5 bn), China ($1.3 bn), Australia ($2 bn) and India ($200 mio). While Japan is once again the second largest pet food market, with 2015 sales of $6 bn, Japan's pet food sales are definitely stagnant, GfK said.
Global pet food trends
Sales and volume rose 4 per cent in 2015
North America is still the largest pet food region, with $27 bn in sales. Europe ranks second, but as a region is still seeing only slight growth overall, with sales totalling $20 bn in 2015. Most other pet food markets highlighted by GfK enjoyed growth in 2015, including Argentina ($1 bn in sales), Brazil ($5 bn), South Africa ($300 mio), Russia ($1.5 bn), China ($1.3 bn), Australia ($2 bn) and India ($200 mio). While Japan is once again the second largest pet food market, with 2015 sales of $6 bn, Japan's pet food sales are definitely stagnant, GfK said.