DUBLIN, November 30, 2023 /PRNewswire/ — The “Global Dog Food Market Outlook to 2028” the report has been added to ResearchAndMarkets.com offer.
The dog food market is experiencing robust growth, driven by a convergence of factors. The humanization of pets has led to a demand for higher quality and healthier dog foods as pet owners view their dogs as equal members of the family.
Additionally, the growing number of pet owners, especially dogs, has contributed significantly to the market expansion. Urbanization and changing lifestyles have driven a preference for smaller dog breeds and apartment-friendly pets, leading to specialized dog food products tailored to their needs.
E-commerce and online retail have played a pivotal role in making pet food more accessible, providing convenience and a wide range of products. Product innovations promoting health benefits, such as joint health and weight management, have further fueled the market growth. Additionally, veterinarian-recommended diets have gained popularity among pet owners looking for tailored nutritional solutions.
The premiumization of dog food with natural and organic ingredients has attracted the attention of discerning customers. As the pet population grows in emerging markets, dog food manufacturers have ventured into new geographies to increase sales. Health and wellness trends have also impacted the market, with a focus on nutrition and disease-specific diets.
Additionally, pet food subscription services have flourished, ensuring regular, hassle-free deliveries while building customer loyalty. The future growth prospects of the dog food market remain promising, subject to continued market dynamics and emerging trends.
Global Dog Food Market Analysis
- The increasing availability of organic products in a variety of flavors and the inclusion of essential ingredients such as probiotics and antioxidants are factors likely to positively impact the growth of the global market.
- On the other hand, low penetration of the product due to its slightly high price could dampen the growth of the organic segment in the coming years as not all households would be able to purchase high-priced products.
- The market value chain is characterized by the presence of raw material suppliers, manufacturers, distributors and end users. Raw materials used for production include meat, meat by-products, grains, cereals and specialized animal-derived proteins, flavors, flavorings and sweeteners, vitamins, minerals and enzymes, among others.
- The dog pet type dominated the market with a revenue share of over 41% in 2022. This is attributed to the growing adoption of dogs as pets and increasing household spending on favor of healthy dog foods due to owners’ growing concerns about their dog’s health.
Main trends by market segment:
- By Type of Dog Food: Dry dog food, commonly known as kibble, is the predominant choice of food for dogs worldwide. Its wide popularity can be attributed to various factors, such as its convenience, cost-effectiveness, positive impact on dental health, and extended shelf life.
- By Geography: North America dominates the pet food market. To be the largest pet food market in North America, United States The growth of the pet food market is attributed to the increase in the number of pet owners.
- According to the 2019-2020 National Pet Ownership Survey, conducted by the American Pet Products Association (APPA), 67% of U.S. households (approximately 85 million families) own a pet, with the highest being dogs.
- Large-scale savings Taiwan, Malaysia, Singapore And Indonesia are emerging markets rapidly in the Asia Pacific region. The high education levels and modern infrastructure of these countries, as well as the wealth status and companionship that pet ownership provides, are a significant driver for the industry.
Future prospects :
The future outlook for the global dog food market looks promising and dynamic, driven by several factors. The continued humanization of pets and the growing trend of pet ownership is expected to fuel demand for premium and specialty dog food products focused on health, nutrition and overall wellness.
As consumers become more aware of environmental impact, the demand for plant-based and alternative protein sources in dog foods is likely to grow. Personalization and personalization will also play an important role, with pet owners looking for diets tailored to their dogs’ individual needs.
Additionally, technological advancements and innovations in pet food manufacturing and distribution are expected to further streamline the industry. E-commerce will continue to be an important distribution channel, allowing both established companies and emerging players to reach a wider global audience. The future of the global dog food market is characterized by ever-changing trends, expanding product portfolios, and a strong focus on sustainability, providing ample opportunities for growth and innovation in the years to come.
Profiled companies
- Colgate Palmolive (Hill’s Pet Nutrition)
- General mills
- Mars Incorporated (VirginiaWE)
- Nestlé SA (Vevey, Switzerland)
- The JM Smucker Company (OhioWE)
- Diamond Pet Food (MissouriWE)
- Heristo AG (Osnabrück, Germany)
- Tiernahrung Deuerer GmbH (Bretten, Germany)
- Merrick Pet Care, Inc.TexasWE)
- WellPet LLC (MassachusettsWE)
Key topics covered:
1. Summary
3. Global Dog Food Market Size, 2017-2022
4. Global Dog Food Market Segmentation
4.1 By sales channel, 2022
4.2 By food type, 2022
4.3 By regional distribution (North/East/West/South/Center), 2022
5. Competitive landscape
5.1 Mergers and acquisitions, joint ventures, collaborations and agreements
5.2 Strategies adopted by the main players
5.3 Company Profiles – (Top 5 to 7 Key Players)
6. Future size of global dog food market, 2022-2028
7. Future Segmentation of Global Dog Food Market
7.1 By sales channel, 2028
7.2 By food type, 2028
7.3 By regional distribution (North/East/West/South/Center), 2028
For more information on this report, visit https://www.researchandmarkets.com/r/hld4zh
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