The global dog food market is growing at a CAGR of 5.6% and it

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Pune India, 28 July 2022 (GLOBE NEWSWIRE) — The market has been studied for the segmentation and regional analysis mentioned below for North America, Europe, Asia, South America, Middle East and Africa. These are the key regions where the Dog Food Market is currently operating and is expected to expand in the near future. The manufacturers and vendors involved in the Dog Food market are present in various countries of the aforementioned regions.

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The report provides a detailed understanding of the market segments that have been formed by combining different perspectives such as product type, price type, ingredient type, distribution channel, etc. Apart from this, the major driving factors, restraints, potential growth opportunities and market challenges are also discussed in the paragraphs below.

The main players operating in the world dog food market are Mars Petcare, Inc., Nestlé Purina Pet Care, Hill’s Pet Nutrition, Del Monte Foods, The JM 0053mucker Company, The Hartz Mountain Corporation, Total Alimentos SA, WellPet LLC, Diamond Pet Foods and Lupus Alimentos, among others. To gain substantial market share in the global dog food market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations and partnerships, joint ventures. Among these, Mars Petcare, Inc. is one of the most prominent manufacturers and distributors present in the global dog food market.

Dog food is primarily formulated and should be eaten by dogs as well as other related dogs. The exact composition of this feed differs from manufacturer to manufacturer; however, common dog food consists of meats, grains, meat by-products, grains, minerals, and vitamins. This food is highly regulated by government authorities; therefore, the pet food manufacturer must comply with these regulations. For example, the United States Food and Drug Administration (FDA) regulates pet food products and their ingredients.

Dogs and cats are the most popular pet companions around the world. Additionally, pet ownership is growing at a rapid rate across the world. For example, according to the American Pet Products Association’s (APPA) 2021-2022 National Pet Ownership Survey, 70% of US households, or approximately 90.5 million families, own a pet. . Additionally, this survey indicated that US spending on dog food increased by approximately 11%.

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Scope of the Dog Food Market Report

Report metric Information
Study period 2021-2029
Year of reference 2021
Forecast period 2022-2029
Market share unit Billions of dollars
Segments Covered Product type, price type, ingredient type, distribution channel and region
Regions covered North America, Europe, Asia-Pacific, South America and Middle East & Africa
Main actors Mars Petcare, Inc., Nestlé Purina Pet Care, Hill’s Pet Nutrition, Del Monte Foods, The JM 0053mucker Company, The Hartz Mountain Corporation, Total Alimentos SA, WellPet LLC, Diamond Pet Foods, and Lupus Alimentos, among others

Segmentation analysis

The dog treats segment is expected to be the fastest growing segment in 2021.

The product type segment includes dry dog ​​food, dog treats and wet dog food. Dog treats are expected to witness the highest growth rate during the forecast period. Treats are the key product in the pet food industry that drives positive behavior in pets. Plus, treats with safe, healthy, and natural ingredients make dogs happier. These sweets attributes mainly fuel its demand across the world.

Additionally, a COVID-19 pandemic led to a surge in demand for low-calorie functional treats as pet dog parents worked from home. This demand for sweets is opportunistic for the growth of the market in the coming years.

The plant-derived segment is expected to be the fastest growing segment in 2021.

The Ingredient Types segment includes animal products and plant products. The plant-based segment is expected to witness the highest CAGR during the forecast period. Increased awareness of the obvious benefits associated with plant-based dog food has mainly boosted the growth of this segment. For example, in addition to weight management, a plant-based dog food helps reduce the risk of certain diseases, including cardiovascular disease, certain cancers, hypertension, and diabetes in dogs.

The online segment is expected to be the fastest growing segment in 2021.

The distribution channel segment includes offline and online. The online segment is expected to witness the highest CAGR during the forecast period. The growth of this segment is mainly attributed to factors such as growing preference for customization, widespread availability of greater discounts compared to offline stores, and greater convenience for consumers. Additionally, according to the American Pet Products Association (APPA) November 2021 survey, even after the COVID-19 pandemic is over, approximately 22% of pet owners plan to continue purchasing pet food products. pets online. This trend has contributed to the growth of the global market.

Regional analysis

The regional analysis provides a detailed view of key regions and countries. Some of the top countries analyzed for dog food are USA, Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, China, Japan , India, Brazil, Peru, United Arab Emirates, South Africa and Saudi Arabia.

The North America region recorded a large share. The increased trend towards humanization of pets and increased awareness of pet health has mainly driven the growth of the market in this region. However, Asia-Pacific is expected to witness a tremendous growth rate over the forecast period. Rising disposable income and changing consumer lifestyles in the region have primarily driven the growth of the Asia-Pacific market.

Analysis by country

Germany

Germany Dog Food Market size was valued at USD 6.94 Billion in 2021 and is projected to reach USD 10.44 Billion by 2029, growing at a CAGR of 5.5% from 2022 to 2029.
Germany is one of the leading countries in the European dog food market. This is mainly attributed to changing lifestyles, increasing disposable income of the population, and increasing online sales of dog food.
Additionally, the country is experiencing rapid growth in the number of pet owners. For example, according to the German Pet Trade and Industry Association (ZZF) and the Industry Association of Pet Care Producers, approximately 43% of households in this country own a pet. This huge pet ownership in Germany is further driving the demand for dog food.

China

China Dog Food Market size was valued at USD 12.61 Billion in 2021 and is projected to reach USD 18.70 Billion by 2029, growing at a CAGR of 5.3% from 2022 to 2029. China is one of the major dog food consuming and exporting countries. Rising purchasing power of people, booming middle class, rising humanization of pets, and large export and import of dog food are mainly driving the growth of the market. For example, according to data from China Customs, the value of pet food exports from that country was $983 million in 2020.

India

India Dog Food Market size was valued at USD 2.52 Billion in 2021 and is projected to reach USD 3.89 Billion by 2029, growing at a CAGR of 5.8% from 2022 to 2029. India is one of the fastest growing economies in Asia. The significant rise in the pet population across the country has primarily driven the market growth in India. Additionally, the rapid growth in social media influence, increasing disposable income, and increased awareness of dog health are further fueling the demand for dog food.
Additionally, according to the Animal Welfare Board of India (AWBI), with an estimated pet population of around 29 million, the country faces challenges in the supply of pet food.

Impact of Covid-19

Covid-19 has had a major impact on almost every industry such as electronics, semiconductors, manufacturing and automotive etc. However, several companies operating in the life sciences sector have seen their revenues increase due to significant changes in consumer preferences towards seeking services online. However, the pandemic has led to a decrease in dog food purchases from offline stores due to social distancing norms and shutdowns.

On the other hand, the pandemic has caused an upsurge in online dog food sales. Moreover, this situation has led to an increase in the demand for dog food. Hence, the dog food market has witnessed considerable growth during the pandemic.

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