Dog Food Market
In 2023, the value of the dog food market is estimated to reach US$ 45,631 million. According to Future Market Insights (FMI), global sales of dog food are expected to reach US$81,224.9 million by 2033, rising at a CAGR of 6% throughout that time period.
In affluent countries, the demand for personalised dog food products is rising, and in the next years, it is anticipated that this trend will spread to emerging economies. As pet owners become more aware of the food they feed their pets, demand for dog food has the potential to soar.
Brands or enterprises that offer specially created and modified food items for dogs have a significant development opportunity since pet owners like to have more control over the materials used in dog food manufacturing.
The dog food market is experiencing robust growth, attributed to evolving pet care attitudes and increasing pet ownership. With a focus on nutrition, health, and specialized diets, the market’s expansion is driven by a growing awareness of dogs’ dietary needs, resulting in a flourishing industry poised for further development.
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The trend towards humanization and premiumization is likely to result in more spending on pets, which counteracts the stalling of dog population growth in the United States and Canada.
-By 2033, the dog food market in the United Kingdom is likely to expand, with a CAGR of 7.5%.
In 2022, the United States held a market share of 32% in the dog food sector.
-The dog food market was significantly expanding, with a size of US$ 43,876 million in 2022.
By 2033, the dog food market in China is likely to expand, with a CAGR of 6.7%.
-In 2022, Germany expanded significantly in the dog food business, with an expected share of 10%.
-By 2033, India is projected to expand significantly in the dog food market, with a share of 4.5%.
In 2022, Australia developed significantly in the dog food business, with an expected share of 0.5%.
Japan’s dog food industry share developed significantly, with a 0.8% share in 2022.
-In 2022, the conventional segment led the market with a significant share of 75% and is likely to hold a top spot in the market, in terms of nature.
-Based on the source, the animal-derived segment dominated the industry in 2022, with a share of 68.6%.
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Competitors’ Winning Strategies:
Around the nation, pet owners are converting to grain- and gluten-free diets. Sales of various kinds of dog food are fueled by dog owners’ desire to provide wholesome food for their animals. This encourages the key players to develop new dog food items.
Customers are increasingly opting for clean-label goods as they seek to eliminate undesired components like heavy metals and toxins that are frequently present in pet feeds. Dog food manufacturers are likely to gain a high market share by adopting this trend.
Nestlé Purina Petcare announced in December 2020 that it invested US$ 550 million to develop its pet food production facilities in Georgia.
In August 2022, Indian pet food company Wiggles increased its product line by introducing EveryDawg, a new brand of dog food. EveryDawg is a delicious, nutritious dry dog food that is gluten- and sugar-free and suited for all breeds of dogs.
In India, in February 2022, the Pedigree brand of Mars Petcare introduced a new line of dog treats called Ranchos. Spiral Wrap and Super Bones are the two forms in which the items are offered.
-Who is Winning?
Evanger’s Dog & Dog Food Company, Inc.
NestlÃ Purina Pet Care
P&G Pet Care
Hill’s Pet Nutrition
Del Monte Pet Products
Affinity Petcare SA
Nutro Products Inc.
Unicharm PetCare Corp.
Total Alimentos SA
Nutriara Alimentos Ltda.
The J.M. Smucker Company
Dave’s Pet Food
Fromm Family Foods LLC
Boulder Dog Food Company
Real Pet Food Company Pty Ltd
Burgess Group PLC
Party Animal, Inc.
Rollover Pet Food Ltd.
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Black soldier flies
-By Product Type:
Treats and Chews
Cremes / Cream-Snacks
Freeze Dried Food
-By Pet Type:
-By Packaging Type:
Bottles & jars
Tubs & Cups
-By Distribution Channel:
Mom and Pop Stores
Independent Grocery Retailers
Other Retail Formats
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About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
This release was published on openPR.