Global Dog Food Market High State Of Affairs, SWOT Analysis, Business Summary & Forecast 2031

 

The dog food market value is expected to reach US$ 44.83 Bn in 2021. According to Future Market Insights (FMI), the overall sales in the dog food market will total US$ 81.65 Bn by 2031, rising at a CAGR of 6.2% for 2021-31.

The market for organic dog food is swelling as a result of paradigm shift from traditional dog food to healthier and more organic ingredients. Sales prospects for fresh and made-to-order dog food is higher than ever before.

Additionally, monoprotein dog food is predominantly effective for treating pets with allergies and intolerances. As per FMI, overall sales in the dog food market will be up by 5.1% year on year growth in 2021, primarily spurred by rising pet ownership worldwide.

Several companies are using recyclable boxes for dog food packaging. This is done to enhance the shelf life of dog food items and make them more appealing. As per FMI, improving visibility in shelves across hypermarkets/supermarkets, and convenience stores will give tailwinds to sales in the market.

Key Takeaways from Dog Food Market Study:

  • The U. S. is estimated to account for 84.4% share in the North America market in 2021 and it is estimated to grow with a CAGR of 4.6% over the assessment period.
  • In Latin America, Brazil has emerged as a leading market with a 29.1% market share in 2021.
  • The UK with 20.4% share and Germany with 19.5% will retain dominance in the Europe market in 2021.
  • According to FMI’s analysis, China is accounted for more than 40% of dog food sales in East Asia.
  • India will dominate the South Asia dog food market with more than 35.0% share in year 2021.

“Growing awareness among the dog owners about the proper diet for their dog and consequent focus on research initiatives by the dog food manufacturers will result in a slew of product launches. This is expected to spur growth in the market in the coming years”, said a lead analyst at FMI

Who is Winning?

Dog owners around the world are getting more concerned about their animals’ health. They wish to provide their pets with good-quality nutritional supplements in order to help them grow and develop properly.

Because global demand for pet supplements is increasing at a rapid pace, leading manufacturers are focusing on acquisitions to expand their product portfolio, regional footprint, and distribution network.

Some of the leading companies offering dog food are Evanger’s Dog & Dog Food Company, Inc., Nestlà Purina Pet Car, 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. And others.

Dog Food Market by Category

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, Dog Food market is segmented as:

  • 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

Key Questions Answered

  • What is the demand outlook for dog food market?

The dog food market will register growth at 6.2% CAGR between 2021 and 2031.

  • What is the current dog food market size?

The dog food market is expected to total US$ 44.83 Bn by the end of 2021. In terms of volume, it is expected to surpass 10,413,401 MT

  • At what rate will dog food sales rise post pandemic?

Dog food sales will recover at an impressive pace, registering 5.1% year on year growth in 2021.

  • Who are the top players in the dog food market and what is their contribution towards sales?

Mars Incorporated,Purina, The J.M.Smicker Company,Hill’s Pet Nutrition, Affinity Petcare SA, Freshpet, Iams, Real Pet Food Company Pvt Ltd, Evanger’s Dog & Cat Food Company,Inc. Burgess Group PLC are the leading companies in the dog food market. They are expected to account for 30% to 40% of sales through 2021.

  • What is the North America dog food market outlook?

Demand for dog food will increase at 5.2% CAGR in North America between 2021 and 2031.

  • At what rate will the demand for dog food rise in Europe?

The Europe dog food market is expected to register 6% CAGR over the course of the assessment period.

  • Who are the key exporters of dog food?

Germany, UK, Thailand, France, and Netherland are the key exporters of dog food.

  • What are the key trends shaping the dog food market?

Rise in pet ownership, focus on pet humanization, and surging availability across online channels will shape the future of the dog food market.

  • What is the outlook for dog food sales in South Korea and Japan?

Japan is expected to account for 31.3% of dog food sales in East Asia, while South Korea will contribute over one-fourth of sales registered in the region in 2021.

Information source: https://www.futuremarketinsights.com/reports/dog-food-market

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