Dog Food Market Size to grow by USD 17.53 billion between 2023-2027
According to a research report “ Dog Food Market” by Product (Dry dog food, Dog treats and snacks, Wet dog food) Distribution Channel (Retail, Online) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 17.53 billion, at a CAGR of 4.9% during the forecast period. In today's society, pets are viewed as cherished family members, and as disposable income rises, pet owners are increasingly committed to enhancing their pets' lifestyles. This commitment extends to proper nutrition, leading to a significant market demand for high-quality, healthy dog food. Moreover, there is a growing awareness of pet health concerns, resulting in a preference for grain-free, chemically-free, and additive-free dog food options. These trends are anticipated to fuel the expansion of the dog food market throughout the forecast period.
Browse market data tables, figures, and in-depth TOC on “Dog Food Market” by Product (Dry dog food, Dog treats and snacks, Wet dog food) Distribution Channel (Retail, Online) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2027. Download Free Sample
By Product, the Dry dog food segment is projected to dominate the market size in 2024
In the dynamic business landscape of the dog food market, premium and specialized offerings are gaining traction. Consumers are increasingly prioritizing high-quality, nutrient-rich formulas tailored to specific breeds and health conditions. Market research indicates a significant growth trend in this sector, driven by expanding pet ownership and heightened awareness of canine nutrition. Companies that can effectively cater to these demands through innovative products and strategic marketing will thrive in this competitive industry.
By Distribution Channel, Retail segment is expected to hold the largest market size for the year 2024
As a seasoned industry analyst, I'm pleased to provide insights into the dynamic dog food market. This sector exhibits robust growth, driven by rising pet ownership and consumer preference for premium, high-quality products. Key players invest in research and development to cater to diverse dietary needs, ensuring optimal canine health. Market trends include e-commerce sales and sustainable, ethically-sourced ingredients. Overall, the dog food industry presents lucrative opportunities for businesses committed to innovation and meeting evolving consumer demands.
North America is forecasted to hold the largest market size by region in 2024
The dog food market represents a significant business sector, with numerous players competing to meet the nutritional needs of diverse canine populations. Brands offer various product lines catering to different breeds, ages, and dietary requirements. Market trends include organic, grain-free, and raw food options, reflecting growing consumer awareness and demand for high-quality, health-focused pet nutrition. Competitive dynamics are influenced by factors such as pricing strategies, product innovation, and distribution channels.
The Dog Food Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
The dog food market is experiencing significant growth, driven by various factors including the increasing number of pet adoption, consumer inclination towards providing nutritious food for their pets, and the convenience of e-commerce platforms. Companies like Chewy and Doggie Dailies are leading the way in this market, offering a wide range of options from GFSI and FSSAI certified brands. Acquisitions have played a key role in shaping the market, with major players acquiring smaller brands to expand their product offerings. For instance, Chewy's acquisition of PetVet Brands in 2020 added popular brands like Wellness and Old Mother Hubbard to their portfolio. Obesity in pets is a growing concern, leading to a demand for low-calorie and nutritious food. Meat and meat byproducts remain popular raw materials, with an increasing focus on the use of organic and free-range sources. Antioxidants, probiotics, and essential ingredients are also essential components of high-performance dog food. Flavors and convenience are also important considerations for pet owners. Prepared pet food, including cereals and kibble, are popular choices due to their ease of use and long shelf life. However, there is also a growing trend towards raw and organic pet food, which can offer more natural and nutritious options for pets. Consumer inclination towards performance and pet health is driving innovation in the market, with companies investing in research and development to create food that supports digestion and overall pet wellbeing. Similarity bias, or the tendency to choose food that resembles what pets would eat in the wild, is also influencing product development.
Market Research Overview
The global dog food market is experiencing significant growth, driven by various factors including the humanization of pets, increasing pet ownership, and the demand for high-quality, nutritious food. Key players in this market include Chewy, Doggie Dailies, Mars Incorporated, and E-commerce platforms. GFSI (Global Food Safety Initiative) and FSSAI (Food Safety and Standards Authority of India) regulations ensure the safety and quality of pet food. Obese pets and pets with health issues like CKD and joint disease require specialized diets, such as Pet Veterinary Diets and Overweight pet foods. Millennial and Generation Z pet owners prioritize organic and natural ingredients, leading to the rise of organic dog food and cat food types. Protein intake is crucial for both cats and dogs, with poultry and rabbit-derived protein being popular options. Wet food products and dry dog food require special storage facilities like refrigeration and have specific shelf-life considerations. The economic crisis has led to household expenditure on pet food increasing, with pet owners willing to pay for performance-enhancing ingredients like enzymes, minerals, vitamins, sweeteners, palatants, specialty proteins, and antioxidants. Innovative ingredients and multi-functional ingredients are also gaining popularity. Pet health concerns, such as digestion issues, have led to the demand for balanced diets and the avoidance of high starch and carbohydrate content. The market for pet food also includes raw materials like fruits, vegetables, and meat byproducts. The pet food industry continues to evolve, offering convenient, nutritious food options for pets. Pet adoption is also driving the market, as pet owners prioritize their pets' health and well-being.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
