The ‘Global Dog Food Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global dog food market, assessing the market on the basis of its segments like products, pricings, ingredients, distribution channels, and major regions.
Dog Food Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4%
The increasing demand for superior quality and nutritional dog food is driving the market growth for dog food. The increasing awareness among dog owners about the necessity to fulfil the nutritional requirements of their dogs is further boosting the demand for dog foods in households. Factors such as rising disposable income, increase in dog adoption, and robust investments towards the development of pet stores across the developing nations are fuelling the dog food market.
The increasing adoption of dogs, owing to the rising pet sentiments and increasing inclination towards pet companionship, is further bolstering the sale of dog food. Apart from companionship, dogs are often adopted for reasons such as herding, guarding, and as service animals, and require adequate nutrition to perform their required tasks. With the rise in popularity of larger dog breeds such as Great Danes and St Bernards, and dogs with a propensity for health issues, such as Pugs, or Bulldogs, the demand for specialised dog food is on the rise.
Over the forecast period, the anticipated increase in spending on premium pet food, due to the change in spending patterns and increase in veterinary recommendations for improved nutrition is likely to provide impetus to the global dog food market.
Dog Food Industry Definition and Major Segments
Dog food is defined as a type of food which is specifically made for consumption by dogs. This type of food may contain ingredients such as meat, whole grain corn, animal fat, soybean, and corn gluten, among others. Dog food contains essential minerals, such as potassium chloride, calcium carbonate, and zinc sulphate, which are recommended for the diets of pet dogs.
Based on product, the market can be segmented into:
• Dry Dog Food
• Dog Treats
• Wet Dog Food
On the basis of pricing, the market has been classified into:
• Mass Products
• Premium Products
By ingredient, the market has been divided into:
• Animal Derived
• Plant Derived
The market can be categorised based on distribution channels into:
• Supermarkets and Hypermarkets
• Specialty Stores
On the basis of region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Dog Food Market Trends
The key trends in the global dog food market include the flourishing online-retailing sector which is spearheading the sale of premium packaged pet food products. On online platforms, a variety of dog food products are available along with innovative flavours.
Meanwhile, the shift from synthetic to organic dog food products is another key trend in the market which is generating investments towards the research and development activities by the major dog food manufacturers. These research activities are likely to lead to the development of high-quality dog food products, which are in turn expected to add to the market growth.
Subscription boxes are a growing trend for the dog food market that offer dog owners convenience and flexibility. Based on the specific dog breed, size, age, and nutritional needs, dog food can be sent automatically to dog owners on a pre-set schedule.
However, the increase raw-food and homemade diets for dogs can pose as a challenge in the market. Fresh and frozen dog food can mitigate this challenge to a certain degree, as not all dog owners have sufficient time to prepare homemade dog food.
Key Market Players
The major players in the Global Dog Food Market are :
- Mars Petcare (Mars, Incorporated)
- Hill’s Pet (Colgate-Palmolive)
- Diamond Pet Foods (Schell & Kampeter, Inc.)
- Blue Buffalo Co., Ltd.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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