According to the report, More Pet Owners Likely Turning To The Internet For Support Or Filling Their Prescriptions Online Rather Than Directly With Their Pet’s Veterinarian is one of the primary growth factors for the market. Increase Number of Pet Population and Pet Adoption
is also expected to contribute significantly to the Prescription Pet Food market. Overall, Dog
applications of Prescription Pet Food, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Sales Channel, such as Online, is boosting the Prescription Pet Food market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Prescription Pet Food market identified that the demand is rising in many different parts of the world as "High Growth Opportunities from Emerging Economies". Furthermore, some recent industry insights like "On 8 April 2019, Nestlé Purina PetCare EMENA has announced a partnership with Independent Vetcare Group International (IVC Group). In parallel, Nestlé will acquire a minority shareholding in IVC Group. IVC Group is Europe’s largest veterinary services group with a network of more than 1,100 vet clinics and hospitals across ten countries. More than two million pet owners rely on their practices." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Prescription Pet Food market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Prescription Pet Food market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.