Dog Food Market to Surpass a Valuation of US$ 74,034.5Mn by 2032 Owing to the high demand of Organic Pet food: ChemView Consulting

Dog Food Market Overview

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.

One of the key factors influencing the global market is the growing consumer awareness of natural and organic pet food products, which has compelled producers to reorient their attention from synthetic to natural products.

ChemView Consulting has analyzed that 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.

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.

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Segments Covered in Report

By Nature:

  • Organic
  • Monoprotein
  • Conventional

By Source:

  • Animal Derived
  • Fish
  • Chicken
  • Duck
  • Beef
  • Pork
  • Venison/Game
  • Lamb
  • Turkey
  • Plant-derived
  • Insect- derived
  • Crickets
  • Mealworms
  • Black soldier flies

By Product Type:

  • Kibble/Dry
  • Extruded
  • Baked
  • Coated
  • Treats and Chews
  • Pastes
  • Cremes / Cream-Snacks
  • Crunchy snacks
  • Chew sticks
  • Tablets
  • Biscuits
  • Jerky
  • Rawhide
  • Dehydrated Food
  • Freeze Dried Food
  • Freeze-Dried Raw
  • Wet Food
  • Frozen
  • Raw Food
  • Powder

By Pet Type:

  • Puppy
  • Adult
  • Senior

By Packaging Type:

  • Pouches
  • Bags
  • Can
  • Bottles & jars
  • Folding cartons
  • Tubs & Cups

By Distribution Channel:

  • Store-based Retailing
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Mom and Pop Stores
  • Pet Stores
  • Discounters
  • Independent Grocery Retailers
  • Drugstores
  • Other Retail Formats
  • Online Retailers

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Dog Food Market

  • Based on nature, 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.
  • Based on the source, 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.
  • Based on the product type, the owners’ favorite pet food option is 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.
  • Based on the region, North America dominated the industry with a 47.3% market share and a majority of global sales. Growing consumer knowledge about the positive effects on pet health and the growing tendency to humanize pets are the main factors driving the regional demand for pet food.

Competition Summary

Key companies covered in the market study are The J.M. Smucker Company, The Hartz Mountain Corporation, Mars Incorporated, Hill’s Pet Nutrition, Inc, Nestlé Purina, Lupus Alimentos, Total Alimentos SA, Blue Buffalo Pet Products, Inc., WellPet LLC, Diamond Pet Foods

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impact market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

  • Full-time research experts and subject matter experts
  • In-house primary research team
  • The in-house data visualization team
  • Industry-wide network of research partners
  • Database subscriptions
  • The exclusively tailored research process

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