Tuesday, October 23, 2012

Demand for premium pet food drives market for EPA/DHA

    Global consumer spending on EPA/DHA omega 3-fortified products, such as pet food, is expected to grow from US$25.4 billion in 2011 to US$34.7 billion in 2016, according to a report released by Packaged Facts.
    Demand for products enhanced with EPA/DHA will reach a compound annual growth rate of 6.4 percent over the period from 2011-2016. The report attributes much of this growth to the continued humanization of pets and demand for premium pet foods.
    Geographically, North America currently accounts for 43 percent of consumer sales of these enhanced products, but Asia-Pacific is projected to grow to a close second by 2016. 

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