封面
市场调查报告书
商品编码
1284056

到 2028 年的宠物食品市场预测 - 按性质、成分类型、食品类型、宠物类型、价格类型、分销渠道、地区进行的全球分析

Pet Food Market Forecasts to 2028 - Global Analysis By Nature, Ingredient Type, Food Type, Pet Type, Pricing Type, Distribution Channel and By Geography

出版日期: | 出版商: Stratistics Market Research Consulting | 英文 175+ Pages | 商品交期: 2-3个工作天内

价格

根据 Stratistics MRC 的数据,全球宠物食品市场预计到 2022 年将达到 518.9 亿美元,到 2028 年将达到 679.7 亿美元,复合年增长率为 4.6%。

宠物食品是供宠物食用的动物饲料。 专为同一品种的狗和犬科动物设计。 宠物食品有助于预防感染和皮肤过敏,同时还能改善动物的整体健康和长寿。 宠物食品旨在让您的宠物的消化系统轻鬆获取所需的营养,让您的身体更容易吸收。 宠物食品提供营养均衡的成分,支持健康的免疫系统,保持皮毛光泽并促进宠物积极的生活方式。

根据美国宠物用品协会 (APPA) 2019-20 年全国宠物主人调查,美国有 6340 万户家庭将狗作为宠物,约占全国所有宠物家庭的 74.6%。

市场动态:

驱动程序

宠物人性化发展趋势

近年来,主流媒体对宠物的人性化表现出了极大的兴趣。 从养宠物到育儿的转变一直是宠物食品行业的一个重要且决定性的发展,尤其是在富人中。 宠物已被视为家庭的一部分。 消费者购买宠物食品的意愿受到宠物主人与动物之间日益增长的依恋关係的影响。 宠物“人性化”的趋势提高了健康意识并刺激了对宠物食品的需求。

约束

严格的规定

宠物食品是监管最严格的食品之一,尤其是在西方市场。 新兴市场在各个层面都受到严格审查,从宠物食品中使用的原材料到销售和营销。 商业化所需的高标准可能是市场扩张的重大障碍。

机会

对有机产品的需求不断增长

食用有机食品的宠物可能拥有更好的皮肤和毛髮、更多的能量和更健康的体重。 提供的食物更容易消化。 对有机产品不断增长的需求导致提供了更广泛的口味,并添加了必要的元素,如益生菌和抗氧化剂。 对有机宠物食品的需求也受到对宠物健康的更深入了解的推动。

威胁

高价格区间

宠物食品的主要成分是由谷物、水果和动物蛋白製成的膳食。 这些原材料的价格、规格和可用性经常变化。 因此,居民正在考虑放弃他们的宠物。 宠物食品价格的突然大幅上涨可能会对市场的扩张产生不利影响。 此外,客户询价增加和出口市场报价上涨也对市场造成影响。

COVID-19 的影响:

COVID-19 疫情扰乱了食品和原材料的供应,并扰乱了全球供应链。 由于对物流的影响和经济衰退,产品需求明显下降。 在封锁期间,宠物主人还囤积了宠物食品,暂时提振了销量。 但是,随着封锁的放鬆,运营已恢復正常。

预计在预测期内最大的干货细分市场

据估计,干粮行业因其便利性和可负担性而实现利润丰厚的增长。 干粮有助于保持宠物的牙齿健康。 干粮保质期长,不需要特殊的储存设施或冷藏。 食物可以快速称重并正确分配以保持一致的饮食。 它的价格较低,并且经过充分脱水以防止细菌、酵母菌和霉菌的生长。

在预测期内,预计狗类产品的复合年增长率最高。

在预测期内,狗类细分市场预计将以最快的复合年增长率增长。 狗是最受欢迎的家庭宠物。 他们的饮食主要包括肉类。 为此,提供了狗粮和营养餐作为介绍。 因此,开发各种狗粮的宠物食品製造商可以获利丰厚。 天然、优质狗粮的市场是由高昂的养狗成本驱动的。

市场份额最大的地区

由于消费者意识的增强和宠物人性化的趋势,预计在预测期内北美将占据最大的市场份额。 该地区约 67% 的家庭养有宠物。 在北美,宠物的人性化被接受,宠物食品产品的市场因公众的好评而有望扩大。

复合年增长率最高的地区:

预计南美洲在预测期内的复合年增长率最高。 巴西是世界第二大宠物食品市场,拥有最多样化的宠物种群。 巴西在南美市场占据主导地位,原因是宠物拥有率高、对宠物健康的兴趣日益浓厚,以及对由天然成分製成的优质宠物食品的支出增加。 小家庭、没有孩子的夫妇和公寓居民也喜欢将鸟类和鱼类作为宠物,从而刺激市场扩张。

主要发展:

2021 年 7 月,Nestle Purina PetCare Co. 投资 1.82 亿美元扩建其位于美国弗吉尼亚州威廉金县的宠物护理产品製造工厂。 预计将于 2023 年下半年完成的扩建将增加 138,000 平方英尺,并提高公司 Tidy Cat 砂产品线的製造能力。

2021 年 6 月,玛氏公司通过推出 Whiskas 品牌的湿猫粮扩大了其在印度的产品范围。 新产品线在宠物店、杂货店和电子商务网站销售。

2021 年 6 月,高露洁棕榄公司将在美国开设占地 25,000 平方英尺的营养创新中心。 该中心将使我们能够开发专为小型和迷你犬设计的创新产品。

这份报告提供了什么

  • 按地区和国家/地区划分的市场份额评估
  • 向新进入者提出战略建议
  • 2020、2021、2022、2025 和 2028 年的综合市场数据
  • 市场驱动因素(市场趋势、制约因素、机遇、威胁、挑战、投资机会、建议)。
  • 根据市场预测在关键业务领域提出战略建议
  • 竞争格局映射关键共同趋势。
  • 公司简介,包括详细的战略、财务状况和近期发展
  • 映射最新技术进步的供应链趋势

免费定制优惠:

购买此报告的客户将获得以下免费定制选项之一:

  • 公司简介
    • 其他市场参与者的综合概况(最多 3 家公司)
    • 主要参与者的 SWOT 分析(最多 3 家公司)
  • 区域细分
    • 根据客户的要求对主要国家/地区的市场估计/预测/复合年增长率(注意:基于可行性检查)。
  • 竞争基准
    • 根据产品组合、区域影响力和战略联盟对主要参与者进行基准测试

内容

第 1 章执行摘要

第二章前言

  • 概览
  • 利益相关者
  • 调查范围
  • 调查方法
    • 数据挖掘
    • 数据分析
    • 数据验证
    • 研究方法
  • 调查来源
    • 主要研究来源
    • 二级研究来源
    • 假设

第三章市场趋势分析

  • 司机
  • 约束因素
  • 机会
  • 威胁
  • 新兴市场
  • COVID-19 的影响

第 4 章波特五力分析

  • 供应商的议价能力
  • 买家的议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争公司之间的敌对关係

第 5 章全球宠物食品市场:自然

  • 有机
  • 传统的

第 6 章全球宠物食品市场:按成分类型分类

  • 植物衍生物
  • 动物衍生产品
  • 谷物衍生物
  • 其他成分的类型

第 7 章全球宠物食品市场:按食品类型分类

  • 湿粮
  • 干粮
  • 零食/零食
  • 兽医饮食
  • 冷冻产品
  • 生物
  • 其他食物类型

第 8 章全球宠物食品市场:按宠物类型分类

  • 鸟类
  • 兔子
  • 仓鼠
  • 其他宠物类型

第 9 章全球宠物食品市场:按价格类型分类

  • 普通产品
  • 量产
  • 优质产品

第 10 章全球宠物食品市场:按分销渠道

  • 超市
  • 大卖场
  • 宠物专卖店
  • 兽医医院
  • 在线渠道
  • 其他分销渠道

第 11 章全球宠物食品市场:按地区

  • 北美
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 意大利
    • 法国
    • 西班牙
    • 其他欧洲
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳大利亚
    • 新西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 其他南美洲
  • 中东和非洲
    • 沙特阿拉伯
    • 阿拉伯联合酋长国
    • 卡塔尔
    • 南非
    • 其他中东和非洲地区

第12章主要发展

  • 合同、伙伴关係、协作和合资企业
  • 收购与合併
  • 新产品发布
  • 业务扩展
  • 其他关键策略

第13章公司简介

  • Nestle Purina Petcare Company
  • The J.M. Smucker Company
  • Colgate-Palmolive Company
  • Schell & Kampeter, Inc
  • Mars Inc
  • Evanger's Dog & Cat Food Company, Inc
  • Champion Petfoods
  • Nutro Products Inc
  • Betagro Public Company Limited
  • WellPet Inc
  • 4Legs Pet Food Company
  • Heristo AG
  • Lafeber Co.
  • Fromm Family Foods LLC.
  • Dave's Pet Food
  • Boulder Dog Food Company L.L.C.
  • Farmina Pet Foods
  • Blue Buffalo Ltd
Product Code: SMRC22947

According to Stratistics MRC, the Global Pet Food Market is accounted for $51.89 billion in 2022 and is expected to reach $67.97 billion by 2028 growing at a CAGR of 4.6% during the forecast period. Pet food is animal feed intended for consumption by pets. They have been created especially for dogs and other canines of a similar species. Pet food aids in preventing infections and skin allergies while also enhancing the general wellbeing and lifespan of animals. They are designed in such a way that pet's digestive system can simply access the necessary nutrients, which makes it simple for the body to absorb them. Pet food provides nutritionally balanced ingredients that support a healthy immune system, maintain a glossy coat, and promote a more active lifestyle in pets.

According to the American Pet Products Association's (APPA) National Pet Owners Survey 2019-20, 63.4 million households in US own dogs as pets, which is about 74.6% of the country's total pet-owning households.

Market Dynamics:

Driver:

Rising trend of pet humanization

In recent times, the mainstream media has given a lot of attention to the humanization of pets. Particularly in affluent nations, the transition from pet ownership to pet parenting has been a significant and defining development in the pet food industry. Pets are seen as members of the family. Consumer's willingness to spend more on pet food is influenced by the deepening attachment between pet owners and their animals. The tendency of "humanizing" pets has raised health awareness and propelled the demand for pet food.

Restraint:

Strict regulations

Pet food tends to be one of the food items with the strictest regulations, particularly in western markets. Pet animal meals are rigorously inspected in developed markets at every level, from the ingredients used in food preparation through sales and marketing. The high standards required for commercialization may be a significant barrier to the market's expansion.

Opportunity:

Growing demand for organic products

Pets that eat organic food may have better-looking skin and coats, more vitality, and a healthier weight. They have an easier time digesting the food they are given. The availability of goods in a wider range of flavours and the addition of necessary elements like probiotics and antioxidants has expanded in response to the growing demand for organic products. The demand for organic pet food is also fuelled by a better understanding of pet health.

Threat:

High price range

The primary ingredients used in each pet food product are grains, fruits and meals made from animal protein. These essential element's prices, standards and availability have been changing often. Because of this, the residents are considering giving away their pets. Such an abrupt and significant price hike on pet food might have a negative impact on market expansion. Additionally, the market is also being impacted by an increase in customer inquiries and rising exporting market quotations.

COVID-19 Impact:

The COVID-19 epidemic has damaged the availability of ingredients and raw materials and has thrown off supply chains all across the world. Impacted logistics and the economic downturn have significantly reduced product demand. During the lockdown, pet owners stocked up on pet food as well, which temporarily boosted sales. However, the operations were back to normal due to the ease of the lockdown.

The dry food segment is expected to be the largest during the forecast period

The dry food segment is estimated to have a lucrative growth, due to its convenience and affordability. Dry food aids in keeping pet's dental systems healthy. It has a longer shelf life and doesn't need special storage facilities or refrigeration. To maintain a constant diet, food may be measured out quickly and portioned correctly. It benefits at a much cheaper price range and sufficiently dehydrates the food to prevent the growth of germs, yeast, and molds.

The dogs segment is expected to have the highest CAGR during the forecast period

The dogs segment is anticipated to witness the fastest CAGR growth during the forecast period. Dogs are the most popular household pet. Their diets consist primarily of meat. This factor prompts the introduction of dog treats and nutrient-dense meals. As a result, there is a lucrative potential for pet food producers to develop a variety of dog food items. The market for natural and higher-quality dog food is being driven by the high cost of maintaining and caring for canines.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to the rising consumer awareness and trend of pet humanization. Approximately 67% of the total households present in this region have pets. The acceptance of pet humanization and the favourable public perception of it in North America are fostering market expansion for wholesome pet food products.

Region with highest CAGR:

South America is projected to have the highest CAGR over the forecast period. Brazil is the second-largest market in the world for pet food products and has most varied pet population. Brazil holds a dominant position in the South American market due to high rates of pet ownership, an increasing emphasis on pet health, and rising expenditures on natural, premium pet foods. Birds and fish are preferred as pets by small families, childless couples, and individuals living in flats, which is fuelling the market's expansion.

Key players in the market:

Some of the key players profiled in the Pet Food Market include Nestle Purina Petcare Company, The J.M. Smucker Company, Colgate-Palmolive Company, Schell & Kampeter, Inc, Mars Inc, Evanger's Dog & Cat Food Company, Inc, Champion Petfoods, Nutro Products Inc, Betagro Public Company Limited, WellPet Inc, 4Legs Pet Food Company, Heristo AG, Lafeber Co., Fromm Family Foods LLC., Dave's Pet Food, Boulder Dog Food Company L.L.C., Farmina Pet Foods and Blue Buffalo Ltd.

Key Developments:

In July 2021, Nestle Purina PetCare Co. invested USD 182 million to expand its pet care products' manufacturing facility in King William County, Virginia, US. The factory expansion, which is scheduled to be completed by late 2023, will include a 138,000 square foot build out to increase manufacturing capacity for the company's Tidy Cat litter products line.

In June 2021, Mars Inc. launched wet cat food under its Whiskas brand, expanding its product range in India. The new product range is available across pet shops, grocery stores, and e-commerce sites.

In June 2021, Colgate-Palmolive Company opened a 25,000 square foot nutrition innovation center in the US. This center would enable the company to develop innovative products specially designed for small and mini dogs.

Natures Covered:

  • Organic
  • Conventional

Ingredient Types Covered:

  • Plant Derivatives
  • Animal Derivatives
  • Cereal Derivatives
  • Other Ingredient Types

Food Types Covered:

  • Wet Food
  • Dry Food
  • Treats/Snacks
  • Veterinary Diets
  • Frozen Products
  • Raw Food
  • Other Food Types

Pet Types Covered:

  • Cats
  • Dogs
  • Birds
  • Rabbits
  • Hamsters
  • Other Pet Types

Pricing Types Covered:

  • Normal Products
  • Mass Products
  • Premium Products

Distribution Channels Covered:

  • Supermarkets
  • Hypermarkets
  • Specialized Pet Shops
  • Veterinary Clinics
  • Online Channel
  • Other Distribution Channels

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Emerging Markets
  • 3.7 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Pet Food Market, By Nature

  • 5.1 Introduction
  • 5.2 Organic
  • 5.3 Conventional

6 Global Pet Food Market, By Ingredient Type

  • 6.1 Introduction
  • 6.2 Plant Derivatives
  • 6.3 Animal Derivatives
  • 6.4 Cereal Derivatives
  • 6.5 Other Ingredient Types

7 Global Pet Food Market, By Food Type

  • 7.1 Introduction
  • 7.2 Wet Food
  • 7.3 Dry Food
  • 7.4 Treats/Snacks
  • 7.5 Veterinary Diets
  • 7.6 Frozen Products
  • 7.7 Raw Food
  • 7.8 Other Food Types

8 Global Pet Food Market, By Pet Type

  • 8.1 Introduction
  • 8.2 Cats
  • 8.3 Dogs
  • 8.4 Birds
  • 8.5 Rabbits
  • 8.6 Hamsters
  • 8.7 Other Pet Types

9 Global Pet Food Market, By Pricing Type

  • 9.1 Introduction
  • 9.2 Normal Products
  • 9.3 Mass Products
  • 9.4 Premium Products

10 Global Pet Food Market, By Distribution Channel

  • 10.1 Introduction
  • 10.2 Supermarkets
  • 10.3 Hypermarkets
  • 10.4 Specialized Pet Shops
  • 10.5 Veterinary Clinics
  • 10.6 Online Channel
  • 10.7 Other Distribution Channels

11 Global Pet Food Market, By Geography

  • 11.1 Introduction
  • 11.2 North America
    • 11.2.1 US
    • 11.2.2 Canada
    • 11.2.3 Mexico
  • 11.3 Europe
    • 11.3.1 Germany
    • 11.3.2 UK
    • 11.3.3 Italy
    • 11.3.4 France
    • 11.3.5 Spain
    • 11.3.6 Rest of Europe
  • 11.4 Asia Pacific
    • 11.4.1 Japan
    • 11.4.2 China
    • 11.4.3 India
    • 11.4.4 Australia
    • 11.4.5 New Zealand
    • 11.4.6 South Korea
    • 11.4.7 Rest of Asia Pacific
  • 11.5 South America
    • 11.5.1 Argentina
    • 11.5.2 Brazil
    • 11.5.3 Chile
    • 11.5.4 Rest of South America
  • 11.6 Middle East & Africa
    • 11.6.1 Saudi Arabia
    • 11.6.2 UAE
    • 11.6.3 Qatar
    • 11.6.4 South Africa
    • 11.6.5 Rest of Middle East & Africa

12 Key Developments

  • 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 12.2 Acquisitions & Mergers
  • 12.3 New Product Launch
  • 12.4 Expansions
  • 12.5 Other Key Strategies

13 Company Profiling

  • 13.1 Nestle Purina Petcare Company
  • 13.2 The J.M. Smucker Company
  • 13.3 Colgate-Palmolive Company
  • 13.4 Schell & Kampeter, Inc
  • 13.5 Mars Inc
  • 13.6 Evanger's Dog & Cat Food Company, Inc
  • 13.7 Champion Petfoods
  • 13.8 Nutro Products Inc
  • 13.9 Betagro Public Company Limited
  • 13.10 WellPet Inc
  • 13.11 4Legs Pet Food Company
  • 13.12 Heristo AG
  • 13.13 Lafeber Co.
  • 13.14 Fromm Family Foods LLC.
  • 13.15 Dave's Pet Food
  • 13.16 Boulder Dog Food Company L.L.C.
  • 13.17 Farmina Pet Foods
  • 13.18 Blue Buffalo Ltd

List of Tables

  • Table 1 Global Pet Food Market Outlook, By Region (2020-2028) ($MN)
  • Table 2 Global Pet Food Market Outlook, By Nature (2020-2028) ($MN)
  • Table 3 Global Pet Food Market Outlook, By Organic (2020-2028) ($MN)
  • Table 4 Global Pet Food Market Outlook, By Conventional (2020-2028) ($MN)
  • Table 5 Global Pet Food Market Outlook, By Ingredient Type (2020-2028) ($MN)
  • Table 6 Global Pet Food Market Outlook, By Plant Derivatives (2020-2028) ($MN)
  • Table 7 Global Pet Food Market Outlook, By Animal Derivatives (2020-2028) ($MN)
  • Table 8 Global Pet Food Market Outlook, By Cereal Derivatives (2020-2028) ($MN)
  • Table 9 Global Pet Food Market Outlook, By Other Ingredient Types (2020-2028) ($MN)
  • Table 10 Global Pet Food Market Outlook, By Food Type (2020-2028) ($MN)
  • Table 11 Global Pet Food Market Outlook, By Wet Food (2020-2028) ($MN)
  • Table 12 Global Pet Food Market Outlook, By Dry Food (2020-2028) ($MN)
  • Table 13 Global Pet Food Market Outlook, By Treats/Snacks (2020-2028) ($MN)
  • Table 14 Global Pet Food Market Outlook, By Veterinary Diets (2020-2028) ($MN)
  • Table 16 Global Pet Food Market Outlook, By Frozen Products (2020-2028) ($MN)
  • Table 17 Global Pet Food Market Outlook, By Raw Food (2020-2028) ($MN)
  • Table 18 Global Pet Food Market Outlook, By Other Food Types (2020-2028) ($MN)
  • Table 19 Global Pet Food Market Outlook, By Pet Type (2020-2028) ($MN)
  • Table 20 Global Pet Food Market Outlook, By Cats (2020-2028) ($MN)
  • Table 21 Global Pet Food Market Outlook, By Dogs (2020-2028) ($MN)
  • Table 22 Global Pet Food Market Outlook, By Birds (2020-2028) ($MN)
  • Table 23 Global Pet Food Market Outlook, By Rabbits (2020-2028) ($MN)
  • Table 24 Global Pet Food Market Outlook, By Hamsters (2020-2028) ($MN)
  • Table 25 Global Pet Food Market Outlook, By Other Pet Types (2020-2028) ($MN)
  • Table 26 Global Pet Food Market Outlook, By Pricing Type (2020-2028) ($MN)
  • Table 27 Global Pet Food Market Outlook, By Normal Products (2020-2028) ($MN)
  • Table 28 Global Pet Food Market Outlook, By Mass Products (2020-2028) ($MN)
  • Table 29 Global Pet Food Market Outlook, By Premium Products (2020-2028) ($MN)
  • Table 30 Global Pet Food Market Outlook, By Distribution Channel (2020-2028) ($MN)
  • Table 31 Global Pet Food Market Outlook, By Supermarkets (2020-2028) ($MN)
  • Table 32 Global Pet Food Market Outlook, By Hypermarkets (2020-2028) ($MN)
  • Table 33 Global Pet Food Market Outlook, By Specialized Pet Shops (2020-2028) ($MN)
  • Table 34 Global Pet Food Market Outlook, By Veterinary Clinics (2020-2028) ($MN)
  • Table 35 Global Pet Food Market Outlook, By Online Channel (2020-2028) ($MN)
  • Table 36 Global Pet Food Market Outlook, By Other Distribution Channels (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.