Be the first to like this
Market research analysts at Technavio predict that the global pet treats market will grow steadily at a CAGR of over 20% by 2021. Pet owners prefer to offer their pets a wide variety of treats in various flavors. This induces manufacturers to offering pet treats in various flavors, shapes, colors, and sizes for animals of different breeds, age, and size. For instance, Whimzees offers a toothbrush-shaped dog treat, which is available in numerous sizes and colors. Additionally, pet treats are also available in assorted colors to attract pets and encourage pets to consume them. According to this market research and analysis, this availability of a wide variety and flavors of pet treats will be one of the primary factors that will have a positive impact on the growth of this market.
The growing demand for gluten-free and natural pet treats is one of the latest trends that will gain traction in the pet treats market in the coming years. Pets that are sensitive to gluten are prone to various health issues including small intestine inflammatory disease, weight loss, poor hair and coat, and persistent diarrhea. The growing pet health concerns among pet owners have resulted in a rise in the demand for grain-free, gluten-free, and non- genetically modified organism (GMO) products. One of the dog treat manufacturers Whimzees already offers natural and gluten-free dog treats and uses potato starch, malt extracts, yeasts, and other natural ingredients to its manufacture gluten-free treats.