North America Holds the Leading Share in the Global Dog Food Market During the Forecast Period
The
growing consumer awareness of pet fitness and the emerging trend of pet
humanization drives the growth of the global dog food market during the
forecast period.
According to TechSci
Research report, “Dog Food Market– Global Industry Size, Share,
Trends, Competition, Opportunity, and Forecast, 2017-2027F” The dog food market has experienced
tremendous growth in recent years, and this trend is likely to continue in the
coming years. The dog food industry's expansion can be attributed to rising
R&D expenditures, the entry of new players, product innovation, technological
advancements, efficient resource allocation, and growing competition among companies
to increase their regional and customer bases. The development of the dog food
market is anticipated to be influenced by favorable laws, government policies, and
incentives. The demand for dog food will benefit from increased consumer
spending power brought on by higher disposable income.
Due to rising pet parenting and rising public awareness of the benefits
of feeding pets high-quality, packed pet dog food, it is predicted that the
global dog food market will expand throughout the forecast period. Long-term
market growth is anticipated to be primarily driven by premiumization and
humanization trends throughout the forecast period. Due to
the global trend toward pet humanization, which is expected to increase demand
for organic, upscale, and custom products over the forecast period, dog owners
are becoming more concerned with their dogs' health and nutrition.
Browse over XX market
data Figures spread through 110Pages and an in-depth TOC on the " Global Dog Food Market"
The global dog food market is
segmented based on product type, type, pricing, distribution channel, region,
and competitive landscape. Based on product type, the global dog food market is
segmented into dry food, dog treats, and wet foods. Among these, the demand for
dog treats is anticipated to grow fastest during the forecast period.
Additionally, giving dogs treats made with natural, wholesome ingredients makes
them happier. These qualities of treats are what primarily drive their demand
globally. Additionally, as pet dog parents worked from home during the COVID-19
pandemic, there was an increased demand for low-calorie functional treats. This
demand for sugary treats presents a growth opportunity for the market in the
coming years.
Based on type, the market is segmented
into meat vs. non-meat. The meat segment is anticipated to experience the
highest CAGR during the forecast period. The growth of this market has
primarily been driven by greater awareness of the apparent advantages of meat
dog food. For instance, in addition to aiding in weight management, meat dog
food lowers the risk of certain illnesses in dogs, such as diabetes,
hypertension, certain cancers, and cardiovascular disease.
Based on pricing, the global dog food
market is segmented into premium and mass. Among these, the premium segment is
the fastest growing segment in the market during the forecast period due to the
growing trend of humanization and rising awareness of dog health.
Based on distribution channels, the
market is segmented into supermarkets/hypermarkets, veterinary clinics, pet
stores, online, and others (direct sales, etc.). Among these, the online
segment is the fastest growing segment in the market during the forecast
period. This segment's growth is primarily attributed to increasing consumer
convenience, increased availability of more significant discounts compared to
offline stores, and rising preference for personalization.
Based on region, the global dog food
market is segmented into North America, Europe, Asia-Pacific, Middle East &
Africa, and South America. Among these regions, North America holds the leading
share in the market during the forecast period. The market in this region has
grown primarily due to the trend of humanizing pets and the rise in pet health
awareness. However, Asia-Pacific is anticipated to experience a significant
growth rate during the forecast period. The region's changing consumer
lifestyles and rising disposable income have been the main drivers of the
Asia-Pacific market's expansion.
Key
market players operating in the global dog food market include:
·
Mars Petcare, Inc. (Mars, Incorporated)
·
Nestlé Purina PetCare Company
·
Hill's Pet Nutrition, Inc.
·
Del Monte Foods, Inc.
·
The J.M. Smucker Company
·
The Hartz Mountain Corporation
·
Total Alimentos S.A.
·
Wellness Pet Company, Inc.
·
Diamond Pet Foods
·
Lupus Food
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“The demand for higher-quality dog food
products has increased in recent years as pet owners become more conscious of
the dietary needs of their dogs. Additionally, numerous diabetes, hypertension,
and arthritis cases in dogs have been documented worldwide. As a result,
veterinarians have begun advising dog owners to feed their dogs low-calorie
food, leading manufacturers to increase the range of products they offer. In
addition, due to better logistical facilities, dog food products have risen
significantly in developing nations like Mexico, India, Thailand, and China.
Additionally, there has been an increase in the percentage of dog owners in
these areas due to the rapid urbanization and rising disposable incomes.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Dog
Food Market- Global Industry Size, Share, Trends, Opportunity, and
Forecast 2017-2027, Segmented By Product Type (Dry Food, Dog Treats, Wet Foods), By Type
(Meat Vs. Non-Meat), By Pricing (Premium Vs. Mass), By Distribution Channel
(Supermarkets/Hypermarkets, Veterinary Clinics, Pet Stores, Online and Others
(Direct Sales, etc.)), By Region, has evaluated the future growth potential of dog food market globally and provides statistics and information on
market structure, size, share, and future growth. The report provides
cutting-edge market intelligence and helps decision-makers to make sound
investment decisions. Besides, the report also identifies the emerging trends
along with essential drivers, challenges, and opportunities present in the dog food
market globally.
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