Dog Food Market Size, Share, Demand, Trends, Growth Factors, Revenue Analysis, For 2028

Reports and data

Reports and data

Increasing adoption of pet dogs and growing demand for customized dog food are key factors driving market revenue growth

NEW YORK CITY, NY, US, November 24, 2021 / EINPresswire.com/ – The global dog food market is expected to reach $78.82 billion in 2028 and report a compound annual revenue growth of 4.3% over the forecast period, according to the latest Report of reports and data. High adoption of pet dogs, increased consumer spending, and rapid rise in the trend of humanizing pets are some of the major factors that are expected to drive market revenue growth during the forecast period.

Increasing pet dog ownership, particularly in emerging economies, due to rapid urbanization is another major factor driving the demand for dog food. In addition, the demand for organic and healthy food products for pet dogs to maintain public health is increasing due to the rising income available to consumers. Also, the availability of dog food in varying price ranges provides many options for pet dog owners to purchase these food products depending on their income level. Furthermore, the growing influence of social media and the growing trend of impulse purchases by millennials is driving up pet ownership. These factors are expected to contribute to the market revenue growth during the forecast period.

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The outbreak of the COVID-19 pandemic has led to panic buying practices among consumers to stockpile pet food products amid the lockdowns announced by the governments of various countries globally. It has also led to an increased demand for cannabidiol (CBD)-infused dog foods, due to its various health benefits. CBD food products have a longer shelf life compared to other pet foods. Manufacturers are also aiming to expand their production facilities to meet the increasing consumer demand for high quality pet food, which in turn is expected to support market growth. Currently, there are more than 3,500 CBD brands in the US food market, among which, pet and human food containing CBD contributes to more than 30% of sales through the online distribution channel.

Some of the major companies featured in this market report are Mars Corporation, Procter & Gamble, Nestlé Purina Pet Care, Del Monte Foods, Health Pet Nutrition Inc, GM Smoker, Total Elementos SA, Diamond Pet Foods, The Hearts . The Mountain Company, and Lupus Alimentos.

Some key highlights from the report:
• By product type, the dry food segment accounted for the largest share of revenue in 2020. Dry dog ​​food is beneficial for improving oral health and reducing tartar build-up on pet teeth. Dry food also provides the chewiness and crunch necessary to maintain general health. It does not require freezing unlike wet food.
• By component type, the plant-derived segment is expected to show a faster compound annual growth rate (CAGR) during the forecast period. Plant-derived foods provide a good amount of energy for dogs due to the high nutrient content without any negative impact of foods based on animal meat and its derivatives. Thus, the botanical ingredients help in providing a balanced diet to maintain the general well-being of the pet. These ingredients also help maintain the dogs’ weight, while ensuring a healthy, as well as a longer life.
• The non-premium products segment is expected to grow steadily in the near future. Non-premium dog foods are relatively inexpensive and because of this factor, these foods can easily be availed by a larger section of pet parents. However, these types of foods must be fed in large quantities to ensure maximum nutrition for the pet to maintain health and well-being.
• The North American dog food market accounted for the largest share of revenue in 2020, due to increased awareness among consumers regarding the various health benefits of organic food products and the growing trend of humanization of pet dogs. Additionally, the presence of some well-established dog food manufacturers in developed countries like the United States is expected to positively influence the market growth in this region.

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For the purpose of this report, reports and data have segmented the global dog food market into segments based on product type, ingredient type, pricing, distribution channel, and region:

Product type forecast (revenue, billion USD; 2018-2028)
• dry food
• wet food
• Snacks / Dessert
• nutritious food
• Aharon

Ingredient type forecast (revenue, billion USD; 2018-2028)
• Derived from a plant
• animal derivative

Price forecasts (revenue, billion USD, 2018-2028)
• Non-premium products
• Premium Products

Distribution channel forecast (revenue, billion USD, 2018-2028)
• Connected
• Offline online

Regional outlook (revenue, billion USD; 2018-2028)
• North Amarica
• Europe
• Asia Pacific
• Latin america
• Middle East and Africa

Reasons to buy this report:
• This report provides a rigorous analysis of changing competitive dynamics
• Provides a forward-looking perspective on the various factors driving or constraining market growth
• Provides six-year forecasts that are evaluated based on how the market is expected to grow
• Helps understand the main product segments and their future
• Provides accurate analysis of changing competition dynamics and keeps you ahead of the competition
• Assists in making informed business decisions by obtaining complete market insights and performing in-depth analysis of market segments
• PEST analysis of the market in the five major regions.

content list:
1. Market Overview
2. Competition analysis by players
3. Company Profiles (Top Players)
4. Dog Food Market Size by Type and Application
5. US market condition and outlook
6. Status and Forecast of Dog Food Market
7. The development status and outlook of the Japanese market
8. Chinese market condition and outlook
9. Status and Forecast of the Dog Food Market in India
10. Southeast Asia market status and outlook
11. Market forecast by region, type and application
12. Market dynamics
13. Market Impact Factor Analysis
14. Research results/conclusion
15. Appendix.

Finally, all aspects of the Dog Food market are quantitatively and qualitatively evaluated to study the relative global and regional market. This market study provides important information and factual data about the market that presents a comprehensive statistical study of this market on the basis of market drivers, restraints, and its future prospects. The report provides international economic competition with the help of Porter’s Five Forces Analysis and SWOT Analysis.

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