The dog food market has grown significantly, increasing from $36.67 billion in 2023 to $39.59 billion in 2024, reflecting a CAGR of 7.9%. This growth has been driven by traditional pet ownership trends, veterinary recommendations, and brand loyalty. The market is expected to reach $53.88 billion by 2028, growing at a CAGR of 8.0%. Key growth factors include the humanization of pets, a focus on health and wellness, and product diversification. Major trends forecasted for the period include the integration of technology in pet care, premiumization, and the adoption of sustainability practices in product sourcing and packaging.
Major Driver In The Dog Food Market
Increasing dog adoption is anticipated to drive the growth of the dog food market in the foreseeable future. Dog adoption, defined as acquiring a dog from a shelter or charity, has seen a rise due to the growing trend of humanizing pets. This shift in perception has led to increased dog ownership, prompting pet owners to prioritize more nutritious food for their canine companions. Notably, a November 2022 national survey conducted by Animal Medicines Australia (AMA) revealed that approximately 48% of Australian households owned at least one dog, marking a notable increase from 40% in 2019. The surge in dog adoption is a significant factor fueling the expansion of the dog food market, with implications for its 2023, 2024, and 2028 market sizes.
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Dog Food Market Competitive Landscape
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., Merrick Pet Care, Champion Petfoods USA Inc., WellPet LLC, Real Pet Food Company Pty. Ltd., Russo Mangimi SpA, Nature's Variety, Fromm Family Foods LLC, Nutro Products Inc., Rollover Pet Food Limited, Dick Van Patten's Natural Balance Pet Foods, Evanger's Dog & Cat Food Company Inc., Boulder Dog Food Company, Canidae LLC, Solid Gold Pet LLC, Dave's Pet Food, Party Animal Inc., PetGuard Holdings LLC, Del Monte Pet Products Inc., JustFoodForDogs, Annamaet Pet Foods Inc., Beaphar Pet Healthcare Products
Key Dog Food Market Trend
Product innovation is a significant trend in the dog food market. Companies are adopting new technologies to strengthen their market presence. For example, in March 2023, Jolly Pets, a US-based pet products company, launched Fill’n Treat, an all-natural pet treat. Made with roasted peanuts, palm oil, and powdered pumpkin, this treat, available in the Peanutty Stuffer flavor, can be used inside a dog toy. It is free from gluten, preservatives, added sugars, salt, high fructose corn syrup, xylitol, and artificial flavors and colors.
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Dog Food Market Segmentation
The dog food market covered in this report is 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
By Geography:The regions covered in the dog food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the dog food market in 2023.
The Dog Food Global Market Report 2024 furnishes information about the global dog food market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
