The global Dog Food Market size is expected to reach USD 78.82 Billion in 2028 and register a revenue CAGR of 4.3% over the forecast period, according to the latest report by Reports and Data. Higher adoption of pet dogs, increasing consumer spending, and rapid rise in pet humanization trend are some key factors expected to drive market revenue growth over the forecast period.
Outbreak
of the COVID-19 pandemic resulted in panic buying practices among consumers for
storing pet food products amid lockdowns announced by governments of various
countries globally. It further generated more demand for dog food infused with
Cannabidiol (CBD), owing to its various health benefits. CBD-infused food products
have longer shelf-life, compared to other pet foods. Also, manufacturers are
aiming to expand their production facilities to cater to rising consumer demand
for high-quality pet food, which, in turn, is expected to support market
growth. Currently, over 3500 cannabidiol brands are present in the U.S. food
market, out of which, CBD-infused pet and human food contribute to over 30% of
sales through online distribution channel.
Increasing
ownership of pet dogs, particularly in emerging economies, owing to rapid
urbanization is another major factor driving demand for dog food. In addition,
demand for organic and healthy food products for pet dogs to maintain overall
health is growing due to rising disposable income of consumers. Also,
availability of dog food with varying price ranges provides ample options for
pet dog owners to purchase these food products depending on their income level.
Moreover, increasing social media influence and growing trend of impulse
purchases by millennials are leading to increasing pet ownership. These factors
are expected to contribute to market revenue growth over the forecast period.
Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/4716
Market
Dynamics:
Increasing consumer
inclination towards functional, organic and probiotic-based food & drinks
is providing impetus to the growth of global food and beverage industry.
Various studies have come with health benefits associated with “ethnic” and
organic food products. These foods improve cardiovascular health, improves
arthritis, digestive issues, and other inflammatory conditions. Consumers are
gradually focusing on mindful eating and consuming food for health and
wellness. Changing eating and dietary patterns of consumers is prompting brand
owners and new entrants to introduce healthy foods options. Several clean-label
products have been introduced in the market and consumer curiosity for new
products is immense
Growing
middle class consumers with rising income in developing countries such as India
and China will boost food & beverage market growth. Moreover, increasing
consumer preference for procuring food and beverage items from online platforms
due to variety, cost and time-saving will foster market size through 2028.
Competitive
Landscape:
The research
report offers details about leading companies in the global Dog Food market
along with global position, financial standing, license agreement, products and
services portfolio and revenue contribution of each market player. Key players
in the market are focusing on adopting various strategies such as mergers and
acquisition, business expansion plans, new product launches, partnerships,
collaborations, joint ventures to enhance their product base and gain robust
footing in the market.
Some of the Leading Market Players Are Listed Below:
· Mars
Inc.,
· Procter
& Gamble Company,
· Nestlé
Purina Pet Care,
· Del
Monte Foods Inc.,
· Hill\'s
Pet Nutrition Inc.,
· The
J.M. Smucker Company,
· Total
Alimentos SA,
· Diamond
Pet Foods,
· The
Hartz Mountain Corporation,
· Lupus
Alimentos.
Get more Information about this Report: https://www.reportsanddata.com/report-detail/dog-food-market
Market Segmentation:
Dog Food Market Segmentation based on Product Type Outlook:
- Dry Food
- Wet Food
- Snacks/Treat
- Nutritious
Food
- Others
Dog Food Market Segmentation based on Ingredient Type Outlook:
- Plant Derived
- Animal
Derived
Dog Food Market Segmentation based on Pricing Outlook:
- Non-premium
Products
- Premium
Products
Dog Food Market Segmentation based on Distribution Channel Outlook:
- Online
- Offline
Dog Food Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key
Features of the global Dog Food Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
Request
a customization of the report: https://www.reportsanddata.com/request-customization-form/4716
Thank you for
reading our research report. We also offer report customization as per client
requirement. Kindly contact us to know more about the customization plan and
our team will offer you the best suited report at the earliest.
Browse
More Reports:
Hydrolyzed Beef Collagen Market
About Reports and Data
Reports and Data is a market research and
consulting company that provides syndicated research reports, customized
research reports, and consulting services. Our solutions purely focus on your
purpose to locate, target and analyze consumer behavior shifts across
demographics, across industries and help client’s make a smarter business
decision. We offer market intelligence studies ensuring relevant and fact-based
research across a multiple industries including Healthcare, Technology,
Chemicals, Power and Energy. We consistently update our research offerings to
ensure our clients are aware about the latest trends existent in the market.
Reports and Data has a strong base of experienced analysts from varied areas of
expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blog: https://www.reportsanddata.com/blogs
Subscribe by Email
Follow Updates Articles from This Blog via Email
No Comments