The Dog Food Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Dog Food Global Market Report 2024, The dog food market size has grown strongly in recent years. It will grow from $36.67 billion in 2023 to $39.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to traditional pet ownership, limited product varieties, veterinary recommendations, limited health and specialty products, brand loyalty, limited online presence.
The dog food market size is expected to see strong growth in the next few years. It will grow to $53.88 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to humanization of pets, focus on health and wellness, product diversification, e-commerce expansion, sustainability concerns. Major trends in the forecast period include technology integration, premiumization and health focus, e-commerce and direct-to-consumer channels, personalization and customization, sustainability and ethical sourcing.
Increasing dog adoption is expected to propel the growth of the dog food market going forward. Dog adoption refers to the purchase of a dog from a shelter or charity. The practice of humanizing pets is becoming more common. As a result, there is an increase in dog ownership, and people are giving their pets more nutritious food. For instance, in November 2022, according to a national survey of pets and people published by Animal Medicines Australia (AMA), an Australia-based industry body representing the leaders of the animal health industry in Australia, about half of Australian households have at least one dog, making them the most common pet. In 2022, 48% of households had dogs, up from 40% in 2019. Therefore, the increasing dog adoption is driving the growth of the dog food market.
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The dog food market covered in this report is segmented –
1) By Product: Kibble, Treats And Chews, Dehydrated Food, Freeze Dried Food, Freeze Dried Raw, Wet Food, Frozen, Raw Food, Powder,
2) By Nature: Organic, Monoprotein, Conventional
3) By Source: Animal Derived, Plant Derived, Insect Derived
4) By Pet Type: Puppy, Adult, Senior
5) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online, Other Distribution Channels
Top Major Players:
Nestle SA
Mars Inc
General Mills Inc.
Colgate-Palmolive Company
The J.M. Smucker Company
North America was the largest region in the dog food market in 2023.
Major companies operating in the dog food market are developing new products such as vegan dog food to gain a competitive edge in the market. Vegan dog food is a type of pet food specifically formulated to meet the nutritional needs of dogs without including any animal-derived ingredients. For instance, in September 2023, Omni, a US-based dog food company, launched complete dog food. The goal of the goods is to mimic the feeling of meat-based foods by giving dogs something that is juicy and fibrous. For added health benefits, the collection offers alternatives made with beef and chicken that are paired with veggies. The company’s products are created for pets and are intended to provide a plant-based substitute for conventional meat-based pet feeds that is higher in protein and lower in fat. Omni’s Complete Dog Food is higher in protein and lower in fat since it is made with the best ingredients and is created by veterinarians and scientists for dogs of all ages.
The dog food market report table of contents includes:
1. Executive Summary
2. Dog Food Market Characteristics
3. Dog Food Market Trends And Strategies
4. Dog Food Market – Macro Economic Scenario
5. Global Dog Food Market Size and Growth
…
32. Global Dog Food Market Competitive Benchmarking
33. Global Dog Food Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dog Food Market
35.Dog Food Market Future Outlook and Potential Analysis
36. Appendix
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