Functional Pet Food
Background & Analysis

As of 2022, the pet food market is worth $119.5 billion. This is forecast to grow at CAGR of 7.28% over the next five years.

A growing sub-section of this market is functional pet food.

Functional pet food refers to pet food that delivers specific nutritional benefits (besides basic nourishment).

The market for functional pet food is forecasted to triple over the next eight years. 

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