Dog Food Market Overview
An overview of conceptual frameworks, analytical approaches of the dog food market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The dog food market is expected to grow at a significant rate in the near future.
The global dog food market is estimated to reach at a value of US$ 11.1 Bn by the end of 2020 and expected to reach at a value of US$ 16.1 Bn by 2028 with a significant CAGR of 4.7%
Dog Food Market Definition
Having the possession of a dog is extremely joyful, privileging, as well as a huge responsibility. If an individual is planning to bring a canine companion to home, the long-term commitment and responsibility that a pet dog brings with it should also be considered. In other respects, dogs in the present times are the most adored and preferred companion pets across the world. At the same time, dogs demand a lot of attention and good nurturing to lead a healthy and active living.
The food composition of dogs needs to be a blend of several different kinds of nutrients to survive, such as fatty acids and carbohydrates, amino acids from proteins, minerals, vitamins, and water. Clearly, dogs will not be able to survive with the absence of essential proteins in their diets. The commercially-prepared dietary protein comprises 10 special amino acids that provide the core components for various crucial biologically active proteins and compounds. The superior-quality proteins carry a better balance of all the essential amino acids.
Also interestingly, findings have shown that dogs can tell when their food misses a single amino acid and will try to escape such a meal. Dogs are especially known for selectively choosing foods that are high in protein and are right for them. All the same, dogs can survive on a completely vegetarian diet as far as it consists of sufficient protein and is complemented with vitamin D.
Dog Food Market Dynamics
The high popularity and preferability of dogs as companion pets across the world is one of the major factors that is expected to drive the growth of the global dog food market in the upcoming years to come. Dogs are the most beloved animals of people as they make a perfect furry companion to an individual, as well as they also have numerous beneficial factors which make them one of the most preferred companion pets. For instance, dogs guard their owner and his house as it can sense danger, they can keep their owner active, healthy as well as can relieve their stress, and ultimately they can become an individual’s most loyal friend.
In addition, nowadays, pet owners are getting more conscious and aware of the dietary requirements of their pets, owing to which the demand for commercially prepared nutritional dog food has surged in recent times. Other than that, a dog also requires a proper nutritional diet, comprising a balanced combination of proteins, carbohydrates, minerals, vitamins, fats, and water. Without the appropriate nutritional diet, dogs are incapable to beat back various infections and diseases, perform routine activities, repair bones and teeth, and maintain their build and muscle tone. Such factors further escalate the demand of dog food in the global markets, thus projected to boost the growth of the global dog food market over the forecast period.
With the same token, the leading dog food manufacturers of the market are also focused on introducing more effective products which can be suitable for every stage of a dog’s life. The new products which have been introduced in the market provide hypoallergenic nutrition to the dogs, while other preparations are developed for monitoring major health conditions such as heart and kidney-related diseases. Attributing to which, the global dog food market is expected to observe healthy growth in the near future.
Furthermore, there are several different non-governmental organizations that have initiated developing rescue shelters where the volunteers aim their attention on enhancing the well-being and health of stray dogs, which is also playing a positive role in accelerating the demand for superior-quality dog food in the global market. Therefore, the global dog food market is projected to witness considerable growth over the coming years.
Dog Food Market Segmentation
The global dog food market is segmented on the basis of product, pricing, ingredient, distribution channel, and regions. On the basis of product type, the dog food market is segmented into Dry cat food, cat treats, and wet cat food. On the basis of pricing, the market is categorized into mass products and premium products. Further, the dog food market is segmented on the basis of ingredient type into animal derivatives and plant derivatives. Furthermore, the market is bifurcated on the basis of distribution channels into Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others.
The research report classifies the global dog food market based on product type, pricing type, ingredient type, distribution channel, and regions.
By Product Type
Dry Dog Food
Wet Dog Food
By Pricing Type
By Distribution Channel
Supermarkets and Hypermarkets
Dog Food Market Key Players
The global dog food market is dominated by Mars Petcare, Inc., Nestlé Purina PetCare, Hill's Pet Nutrition, Procter & Gamble Co., Del Monte Foods, among others.
MMC Overview on Dog Food Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the dog food market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market. The report is titled as ‘Dog Food Market: Opportunity Analysis and Future Assessment 2020-2028’.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Concerns for use of dog food
Advantages of dog food
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.