NEWARK, Del, June 15, 2023 (GLOBE NEWSWIRE) -- The dog food market is predicted to be worth US$ 45,631 million in 2023 and rise to US$ 81,224.9 million by 2033. Demand was initially expanding at a market CAGR of 3.2% between 2018 and 2022.
Personalized dog food products are gaining popularity in developed areas and are anticipated to do the same in emerging markets in the future years. As pet owners become more aware of the food they are giving their animals, demand for dog food has the potential to increase tremendously.
There is a significant development opportunity for brands or businesses that provide specifically designed and tailored food products for dogs since pet owners are inclined to have more control over the components used in the manufacturing of dog food.
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The trend towards humanization and premiumization is likely to result in more spending on pets, which counteracts the stalling of dog population growth in the United States and Canada.
Key Takeaways:
- By 2033, the dog food market in the United Kingdom is likely to expand, with a CAGR of 7.5%.
- In 2022, the United States held a market share of 32% in the dog food sector.
- The dog food market was significantly expanding, with a size of US$ 43,876 million in 2022.
- By 2033, the dog food market in China is likely to expand, with a CAGR of 6.7%.
- In 2022, Germany expanded significantly in the dog food business, with an expected share of 10%.
- By 2033, India is projected to expand significantly in the dog food market, with a share of 4.5%.
- In 2022, Australia developed significantly in the dog food business, with an expected share of 0.5%.
- Japan's dog food industry share developed significantly, with a 0.8% share in 2022.
- In 2022, the conventional segment led the market with a significant share of 75% and is likely to hold a top spot in the market, in terms of nature.
- Based on the source, the animal-derived segment dominated the industry in 2022, with a share of 68.6%.
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Competitors’ Winning Strategies:
Around the nation, pet owners are converting to grain- and gluten-free diets. Sales of various kinds of dog food are fueled by dog owners' desire to provide wholesome food for their animals. This encourages the key players to develop new dog food items.
Customers are increasingly opting for clean-label goods as they seek to eliminate undesired components like heavy metals and toxins that are frequently present in pet feeds. Dog food manufacturers are likely to gain a high market share by adopting this trend.
Recent Developments:
Nestlé Purina Petcare announced in December 2020 that it invested US$ 550 million to develop its pet food production facilities in Georgia.
- In August 2022, Indian pet food company Wiggles increased its product line by introducing EveryDawg, a new brand of dog food. EveryDawg is a delicious, nutritious dry dog food that is gluten- and sugar-free and suited for all breeds of dogs.
- In India, in February 2022, the Pedigree brand of Mars Petcare introduced a new line of dog treats called Ranchos. Spiral Wrap and Super Bones are the two forms in which the items are offered.
Who is Winning?
- Evanger’s Dog & Dog Food Company, Inc.
- Nestlà Purina Pet Care
- P&G Pet Care
- Hill's Pet Nutrition
- Del Monte Pet Products
- Affinity Petcare SA
- Nutro Products Inc.
- Unicharm PetCare Corp.
- Total Alimentos SA
- Nutriara Alimentos Ltda.
- The J.M. Smucker Company
- Dave's Pet Food
- Fromm Family Foods LLC
- Boulder Dog Food Company
- Real Pet Food Company Pty Ltd
- Burgess Group PLC
- Freshpet
- Party Animal, Inc.
- Rollover Pet Food Ltd.
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Key Segmentation:
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:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-13961
Explore FMI’s related ongoing Coverage on Food and Beverage Domain:
Vegan Dog Food Market Size: The vegan dog food market is expected to be valued at US$ 13.58 billion in 2023. From 2023 to 2033, the vegan dog food industry is expected to increase at a CAGR of 7%, reaching a value of US$ 26.35 billion.
High Protein Dog Food Market Share: The high protein dog food market is expected to record a CAGR of 4.4% during the forecast period 2022 to 2032, up from US$ 115.50 Billion in the year 2022 to reach a valuation of US$ 163.70 Billion by 2032.
Small Breed Dog Food Market Trends: Global demand for small breed dog food is expected to reach a market valuation of US$ 35 million by the end of the year 2023, accelerating at a CAGR of 4.5% over the forecast period (2023 to 2033).
Raw, Fresh & Frozen Dog Food Market Growth: Global demand for raw, fresh, & frozen dog food is expected to reach a market valuation of US$ 18 billion by the end of the year 2023, accelerating at a CAGR of 5% over the forecast period (2023 to 2033).
GCC Functional Food Market Forecast: GCC Functional Food Market: The revenue generated from the sales of functional foods in GCC countries is estimated to be around US$ 30.9 Billion by 2032, and is projected to expand at a CAGR of 11% during the forecast period 2022 to 2032.
Pet Food Microalgae Market Types: The pet food microalgae market is slated to reach US$ 24 million by 2023. By the end of 2033, the market is pegged to achieve US$ 38.3 million, meanwhile expanding at a CAGR of 5%.
Pet Food Ingredients Market Analysis: The pet food ingredients market is estimated to reach US$ 42.2 billion in 2023. It is projected to be valued at US$ 68.3 billion by 2033. It is anticipated to witness a CAGR of 4.9% from 2023 to 2033.
Pet Food Processing Market Outlook: The global pet food processing market size is estimated to be valued at US$ 5.0 Billion in 2022 and projected to reach US$ 8.4 Billion by 2032, which record a CAGR of 5.3% during the forecast period from 2022 to 2032.
Pet Food Market Overview: The global pet food market industry size is expected to reach US$ 1,17,691.2 million in 2023. During the forecast period 2023 to 2033, global pet food sales are likely to soar at 6.4% CAGR. By 2033, the total market value is projected to cross a mark of US$ 2,20,477.1 million.
Fish Based Pet Food Market Demand: The fish based pet food market is capturing a valuation of US$ 1.4 billion in 2023 and is predicted to reach US$ 16.7 billion by 2033. The market is registering a CAGR of 5% during the forecast period.
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