Global Dog Food Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global dog food market reached a value of USD 58.45 billion in 2022. Aided by the escalating dog adoption rates and an unyielding focus on their nutritional well-being, the market is projected to further grow at a CAGR of 3.9% between 2023 and 2028 to reach a value of USD 73.53 billion by 2028.
Dog food, a specialised meal curated to fulfil the dietary needs of dogs, encompasses a mix of essential nutrients, vitamins, and minerals. Its composition is meticulously tailored to ensure dogs' optimal growth, immune system functioning, and overall health. Today's dog food ranges from dry kibbles and wet foods to organic meals and grain-free options, reflecting the diverse dietary requirements of the canine population.
A chief factor steering the dog food market growth is the humanisation of pets, particularly dogs. As they increasingly secure their positions as beloved family members in households globally, there’s a pronounced inclination towards providing them with the best nutritional offerings available. This sentiment has intensified with the rising awareness about the significance of balanced nutrition in ensuring dogs' longevity, vitality, and disease resistance.
Additionally, the current generation's affinity for wellness and holistic health isn't limited to humans but extends to their pets. The escalating demand for premium dog food, enriched with superfoods and devoid of artificial additives, underscores this trend. Organic and natural dog food variants, which prioritise ingredient transparency and sustainability, have particularly resonated with conscientious pet owners, thereby bolstering the dog food market outlook.
The dog food industry, keen on catering to evolving consumer demands, has exhibited notable innovations. The inclusion of novel proteins, such as insects and plant-based sources, and the emphasis on functional ingredients addressing specific health issues, from joint health to cognitive function, exemplify this innovative streak. Personalised dog food, tailored to an individual dog's age, breed, and health condition, also marks a notable industry advancement.
Emerging markets present a lucrative frontier for the dog food industry. As economies grow and middle-class populations burgeon, pet ownership and the accompanying emphasis on premium pet care are rising. Regions such as Asia Pacific accounts for a significant portion of the dog food market share, marked by growing urbanisation and increasing disposable incomes, are witnessing a surge in dog adoption rates, consequently driving the demand for quality dog food.
Market Segmentation
The market can be divided based on product, pricing, ingredient, distribution channel, and region.
Market Breakup by Product
- Dry Dog Food
- Dog Treats
- Wet Dog Food
Market Breakup by Pricing
- Mass Products
- Premium Products
Market Breakup by Ingredient
- Animal Derived
- Plant Derived
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Speciality Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global dog food market. Some of the major players explored in the report by Expert Market Research are as follows:
- Nestlé S.A.
- Mars, Incorporated
- Schell & Kampeter, Inc.
- Wellness Pet Company, Inc.
- Colgate-Palmolive Company
- General Mills, Inc
- Champion Petfoods USA Inc.
- RUSSO MANGIMI SP
- H&H Group
- Open Farm Inc.
- Annamaet Pet Foods Inc.
- Pets Global Inc.
- Primal Pet Group, Inc.
- Stella & Chewy’s, LLC
- Fromm Family Foods, LLC
- Affinity Petcare S.A
- Canidae, LLC
- Petfood Saladillo S.A.
- PremieRpet
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.