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Posted on 8448 ResearchAndMarkets.com’s offering. Pet Food Global Market Opportunities And Strategies To 2030: COVID 19 Impact and Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global pet food market. The global pet food market reached a value of nearly $74,554.1 million in 2019, having increased at a compound annual growth rate (CAGR) of 2.7% since 2015. The market is expected to register a slow growth from $74,554.1 million in 2019 to $ 75,494.8 million in 2020 at a growth rate of 1.26%. The slow growth is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5.6% from 2021 ad reach $ 88,478.1 million in 2023.