The ‘Global Dog Food Market Price, 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 product, pricing, ingredient, distribution channel, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses 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.
Dog Food Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 58.45 billion
- Forecast CAGR (2023-2028): 3.9%
- Forecast Market Size (2028): USD 73.53 billion
The global dog food market is projected to witness steady growth in the coming years, primarily driven by the growing concern of dog owners towards the risk of incomplete nutrient requirements of their dogs. The increasing awareness among dog owners of their pets’ diets and healthcare has led to the surging demand for high quality dog food around the globe. As a result, the development of a variety of dog food products is seen in the dog food market. Improvements in the supply chain for dog food, coupled with the availability of products with different price ranges has become a driving force for this market.
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There has been a spike in the ownership of dogs for companionship, due to the growing mental health issues, especially among the youth, which has had a direct impact on the dog food market. Higher expenditure on the care and maintenance of pet dogs is a compelling force for this market. E-commerce websites and convenient doorstep delivery options have further impacted these markets for the better and improving accessibility.
For vegetarian dog-owners, there also exists a sizable market of natural, plant-based dog foods. Due to its high nutrient-content, the demand for animal-based dog foods like meat and fish is fairly high. Thus, due to its consumer-specific approach, the global dog food market is expected to grow in the near future.
Dog Food Industry Definition and Major Segments
Dog food is the kind of food which is specially formulated for dogs and similar canines, so as to meet their dietary requirements. In order to provide proper nutrition to dogs, boost their strength, and fight off infections, dog food manufacturers have been incorporating a mixture of carbohydrates, fats, vitamins, minerals, protein, and water into their products.
On the basis of product, the market is classified into:
- Dry dog food
- Dog treats
- Wet dog food
Based on pricing, the market is bifurcated into:
- Mass products
- Premium products
On the basis of ingredient, the market is categorised into:
- Animal derived
- Plant derived
Based on distribution channel, the market is divided into:
- Supermarkets and hypermarkets
- Speciality stores
- Online
- Others
On the basis of regions, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Dog Food Market Trends
A key trend witnessed in the dog food market is the rising instances of adoption of dogs which further induces the demand for dog food. Personalisation of dog food is yet another option dog owners turn to, apart from choosing from a large variety of dog foods available in the market. This gives them a better control over the ingredients and nutritional value of the food. Introduction of healthy dog treats has further accelerated the growth of the dog food market as dog owners can provide their pets with treats more frequently without feeling guilt.
There has been a recent surge in the demand for low-calorie dog food, owing to the heightening risk of high blood pressure, weight gain, and arthritis among the pets. Besides low-calorie foods, dog owners are also focussed on buying organic foods for their dogs in order to change their emphasis from conventional to natural foods. Due to the availability of improved logistics in some areas, the demand for dog food products has witnessed significant growth.
The snacks sector of the dog food market has emerged as a prospective area for growth due to the availability of delicious and high-quality treats for pets. An increasing population is looking forward to keep watch-dogs, who protect them from unwanted intruders and provide security. Furthermore, the dog ownership rates have risen drastically following the rise in disposable incomes of the population.
Key Market Players
The major players in the global dog food market report are Mars Petcare (Mars, Incorporated), Hill’s Pet (Colgate-Palmolive), Nestlé, Diamond Pet Foods (Schell & Kampeter, Inc.), and Blue Buffalo Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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