The market is expected to generate an incremental $ opportunity of US$ 32,302.0 Mn between 2022 and 2032
Category: Food & Beverages Published Date : October 2022 ID: CVC-00350 Format: PDF Pages: 340
Dog Food Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Dog Food Market grew at a CAGR of 5.4% between 2017-2021 and is estimated to be US$ 41732.5 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.9% and is expected to reach a valuation of US$ 74,034.5 Mn by 2032 end.
The paradigm shift from conventional dog food to healthier and more organic ingredients, the market for organic dog food is expanding. Fresh and custom-made dog food has greater sales potential than before. Additionally, treating dogs with allergies and intolerances is primarily successful with mono-protein dog food.
GROWING DOG FOOD DEMAND IS ANTICIPATED TO DRIVE THE PET FOOD MARKET
Throughout the forecast period, the pet food market is expected to be driven by rising demand for dog food and increased traction in the premium pet food category. Due to its simplicity in terms of storage and mess-free feeding of pets, dry food is experiencing rapid growth in demand when compared to other product rivals. This encourages urban shoppers to choose dry pet food more frequently.
STRINGENT REGULATIONS ASSOCIATED WITH PET FOOD OBSTRUCT THE MARKET GROWTH
Particularly in western markets, pet food is one of the food products that are most strictly controlled. Pet animal foods are rigorously inspected in developed markets at every stage, from the ingredients used in food preparation to sales and marketing. The high standards required for commercialization may be a significant barrier to the market’s expansion. Additionally, a barrier to the market’s growth may be some developing economies’ lesser acceptance of premium or expensive pet foods.
PERSONALIZED PET FOOD IS GAINING RAPID TRACTION IN THE GLOBAL MARKET
The idea of customized pet food products is gaining popularity in developed areas and is anticipated to do the same in emerging markets in the coming years. As pet owners become more aware of the food they are giving their pets, personalization of pet food items has a lot of potentials to increase tremendously.
A tremendous potential opportunity exists for brands or businesses that provide specially made and tailored food items for pet animals, as pet owners are leaning toward having better control over the components used in the manufacturing of pet food products. Additionally, there is a lot of opportunity for customized food products because some are effective in treating specific pet problems, like obesity.
Market Segments Covered in Report
By Product Type:
By Pet Type:
By Packaging Type:
By Distribution Channel:
By Region and Country:
Why is organic dog food in high demand?
Demand for organic dog food is anticipated to increase at a CAGR of 7.1%. More than ever, consumers are concerned about the ingredients in dog food. As organic foods become more popular for human consumption, more and more pet owners seek similar features in their pet food.
They demand that their dog food be free of synthetic hormones, antibiotics, flavors, colors, preservatives, pesticides, and flavors. To take advantage of the current market trend, dog food producers are introducing fresher brands with various organic dog food options.
What is driving insect protein dog food sales?
The report estimates that the insect-derived source will exceed US$ 2.8 Bn and expand with a CAGR of 8.0%. Product launches will continue to be a major element fostering expansion in this market.
For instance, Scout & Zoe’s, a U.S.-based manufacturer of dog treats and food, will introduce its newest product line, Super Fly for dogs, in 2020.
Why is dry food highly sought-after?
The owners’ favorite pet food option is in the form of dry food. Dry-form products explain this is more convenient and has a longer shelf life than wet food. The most popular choice for dogs is dry food because it is inexpensive and accessible to many dog owners. Additionally, dry food for pets helps maintain dental cleanliness and health due to its solid texture.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The main market participants primarily focus on new product development, merger, acquisition, and market expansion. Product differentiation continues to be crucial in driving up pet food sales.
The key developments of the Global Dog Food Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for
|USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
|Key regions covered
|North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
|Key countries covered
|US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
|Key segments covered
|By Nature, Source, Product Type, Pet Type, Packaging Type, Distribution Channel, and Region
|Available upon Request
|Pricing and purchase options
|Available upon Request