Dog Food Market

Dog Food Market Size Analysis

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.

The paradigm shift from conventional dog food to healthier and more organic ingredients, the market for organic dog food is expanding. Fresh and custom-made dog food has greater sales potential than before. Additionally, treating dogs with allergies and intolerances is primarily successful with mono-protein dog food.

Market Dynamic

GROWING DOG FOOD DEMAND IS ANTICIPATED TO DRIVE THE PET FOOD MARKET

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.

STRINGENT REGULATIONS ASSOCIATED WITH PET FOOD OBSTRUCT THE MARKET GROWTH

Particularly in western markets, pet food is one of the food products that are most strictly controlled. Pet animal foods are rigorously inspected in developed markets at every stage, from the ingredients used in food preparation to sales and marketing. The high standards required for commercialization may be a significant barrier to the market’s expansion. Additionally, a barrier to the market’s growth may be some developing economies’ lesser acceptance of premium or expensive pet foods.

PERSONALIZED PET FOOD IS GAINING RAPID TRACTION IN THE GLOBAL MARKET

The idea of customized pet food products is gaining popularity in developed areas and is anticipated to do the same in emerging markets in the coming years. As pet owners become more aware of the food they are giving their pets, personalization of pet food items has a lot of potentials to increase tremendously.

A tremendous potential opportunity exists for brands or businesses that provide specially made and tailored food items for pet animals, as pet owners are leaning toward having better control over the components used in the manufacturing of pet food products. Additionally, there is a lot of opportunity for customized food products because some are effective in treating specific pet problems, like obesity.

Market 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)

Segment-Wise Analysis

Why is organic dog food in high demand?

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.

They demand that their dog food be free of synthetic hormones, antibiotics, flavors, colors, preservatives, pesticides, and flavors. To take advantage of the current market trend, dog food producers are introducing fresher brands with various organic dog food options.

What is driving insect protein dog food sales?

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.

For instance, Scout & Zoe’s, a U.S.-based manufacturer of dog treats and food, will introduce its newest product line, Super Fly for dogs, in 2020.

Why is dry food highly sought-after?

The owners’ favorite pet food option is in the form of 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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• 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.
• Revenue growth in Europe is predicted to occur at a CAGR of 4.5% during the projection period. Over 80 million households in Europe have at least one pet, according to the European Pet Food Industry Federation (FEDIAF). Due to the high percentage of cat ownership in the area, cat food items dominate the market.

Competition Analysis

The main market participants primarily focus on new product development, merger, acquisition, and market expansion. Product differentiation continues to be crucial in driving up pet food sales.

The key developments of the Global Dog Food Market:

• In March 2021, leading pet food producer Mars, Inc., with headquarters in the United States, committed USD 200 million to develop its Royal Canin facility in Lebanon. The company will install five new corporate lines to increase its production capacity.
• In December 2020, Nestle Purina Petcare announced plans to spend USD 550 million to develop its Georgian pet food production facility.

A list of some of the key suppliers present in the market 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

Report Coverage and Highlights

• 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 impacting the 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.