(MENAFN- Meridian Market Consultants) The latest report published by Reports & Insights highlighted the development and the growth of the global Dog Food Market, which further includes the detailed information about the market potential and profound knowledge of the trends prevailing in the market. The global Dog Food Market is projected to rise steadily over the anticipated future as per the report estimates. The research study named “Dog Food Market: Opportunity Analysis and Future Assessment 2022-2030”, is aimed to provide a quantitative and qualitative outline of the conceptual structure and analytical approach of the market elaborated using attested research methodologies and proficient expertise.
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%
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Dog Food Introduction
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.
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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.
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