Dog Food Market to Witness Huge Growth during 2019-2024

Dog food refers to commercially prepared food which provides a proper nutritional diet to dogs. It is available in dry (kibble), wet and semi-moist forms. Dog food is generally fortified with ingredients such as oatmeal, potatoes, pea protein, bone meal, chicken, sugar-based sweeteners and liver chunks. As a result, it is extremely rich in carbohydrates, proteins, vitamins and minerals, and helps in maintaining appropriate weight and energy levels. Dog food also increases immunity, improves digestion, and strengthens bones, muscles, and teeth.

A new research report by IMARC Group, the ****** dog food market was worth more than US$ 51 Billion in 2018, growing at a CAGR of around 4% during 2011-2018.

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Market Summary:

The rising trends of premiumization and pet humanization across the world have led to a shift towards premium dog food products which have enhanced nutritional content. Moreover, manufacturers are developing innovative and healthier product varieties which comply with stringent manufacturing standards. Further, a number of initiatives have been taken by the governments of several countries to promote awareness about the overall wellness of pets and the importance of using high-quality pet food products. Some of the other factors contributing to the growth of the market include the rising culture of dog ownership, growing geriatric population, elevating income levels and improving standards of living. Looking forward, the market is anticipated to cross US$ 64 Billion by 2024, at a projected CAGR of nearly 4% over the next five years.

Market Segmentation

Performance of Key Regions

1. North America
2. Western Europe
3. Asia-Pacific
4. Latin America
5. Eastern Europe
6. Middle East & Africa

Market by Product Type

1. Dry Dog Food
2. Dog Treats
3. Wet Dog Food

Market by Pricing Type

1. Mass Products
2. Premium Products

Market by Ingredient Type

1. Animal Derived
2. Plant Derived

Market by Distribution Channel

1. Supermarkets and Hypermarkets
2. Specialty Stores
3. Online
4. Others

Some of the major players operating in the industry include:

  • Proctor & Gamble Co. (NYSE: PG)
  • Del Monte Foods (DLM)
  • Mars Petcare, Inc.
  • Nestlé Purina Pet Care
  • Hill’s Pet Nutrition (Hill’s)

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