(MENAFN- EIN Presswire)
Dog Food Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-for a limited time only!
The dog food market size is expected to see strong growth in the next few years. It will grow to $53.88 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.” - The Business Research Company
LONDON, GREATER LONDON, UNITED KINGDOM, November 20, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only!
The dog food market has experienced significant growth in recent years. It is projected to increase from $36.67 billion in 2023 to $39.59 billion in 2024, at a compound annual growth rate (CAGR) of 7.9%. The growth in the past period can be attributed to factors such as traditional pet ownership, limited product variety, recommendations from veterinarians, a lack of specialized health products, brand loyalty, and limited online availability.
How Big Is the Global Dog Food Market Expected to Grow, and What Is Its Annual Growth Rate?
The dog food market is anticipated to experience significant growth in the coming years, reaching $53.88 billion by 2028, at a compound annual growth rate (CAGR) of 8.0%. This growth in the forecast period is driven by the humanization of pets, an increased focus on health and wellness, product diversification, the expansion of e-commerce, and sustainability concerns. Key trends expected during this period include the integration of technology, a focus on premium and health-conscious products, growth in e-commerce and direct-to-consumer channels, personalized and customized offerings, and an emphasis on sustainability and ethical sourcing In-Depth Analysis of the Global Dog Food Market by Accessing a Sample Report:
What Is Driving the Growth of the Dog Food Market?
The growth of the dog food market is expected to be driven by the rising trend of dog adoption. Dog adoption involves acquiring a dog from a shelter or charity. With the growing trend of treating pets more like family members, there has been an increase in dog ownership, leading to pet owners opting for more nutritious food for their dogs.
Pre-book the report for a swift delivery:
Which Leading Companies Are Driving The Growth Of The Dog Food Market Share?
Major companies operating in the dog food market report are Nestle SA, Mars Inc., General Mills Inc., Colgate-Palmolive Company, The J.M. Smucker Company, H&H Group, Diamond Pet Foods, Blue Buffalo Pet Products Inc., Unicharm PetCare Corporation, Affinity Petcare SA, Freshpet Inc.
What Are The Key Trends Driving The Growth Of The Dog Food Market Size?
Key players in the dog food market are innovating with new products, such as vegan dog food, to strengthen their market position. Vegan dog food is designed to fulfill the nutritional requirements of dogs while excluding any ingredients derived from animals.
How Is the Global Dog Food Market Segmented?
1) By Product: Kibble, Treats And Chews, Dehydrated Food, Freeze Dried Food, Freeze Dried Raw, Wet Food, Frozen, Raw Food, Powder,
2) By Nature: Organic, Monoprotein, Conventional
3) By Source: Animal Derived, Plant Derived, Insect Derived
4) By Pet Type: Puppy, Adult, Senior
5) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online, Other Distribution Channels
North America: The Leading Region in the Dog Food Market
North America was the largest region in the dog food market in 2023. Asia-Pacific is expected to be the fastest-growing region in the dog food global market report during the forecast period. The regions covered in the dog food global market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Is the Dog Food Market?
Dog food refers to nutrition specifically formulated for dogs, whether they are pets or wild canines. These diets are created to provide essential nutrients that are easily digestible and readily absorbed by the dog's body.
The Dog Food Global Market Report 2024 from The Business Research Company includes the following key information:
.Market size data for both historical and future periods
.Analysis of both macro and microeconomic factors that have impacted the market over the past five years
.Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
.Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Overview of the Global Dog Food Market Report: Trends, Opportunities, Strategies, and More
The Dog Food Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into the dog food market size, dog food global market drivers and trends, dog food global market major players, dog food competitors' revenues, dog food global market positioning, and dog food market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Veterinary Healthcare Global Market Report 2024
Animal Food Global Market Report 2024
Probiotics In Animal Feed Global Market Report 2024
What Services Does The Business Research Company Offer?
The Business Research Company has published more than 15,000 reports spanning 27 industries and over 60 regions. Our research is supported by 1.5 million datasets, thorough secondary research, and unique insights gained from interviews with industry experts. We offer ongoing and customized research services, featuring a variety of specialized packages designed to meet your specific needs, such as Market Entry Research, Competitor Tracking, Supplier & Distributor Packages, and many others.
Our flagship product, the Global Market Model, serves as a leading market intelligence platform that provides comprehensive and updated forecasts to facilitate informed decision-making.
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN20112024003118003196ID1108905225
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.