$56.3 Billion Dog Food Market – Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 Featuring Mars Petcare, Nestle Purina, Hill’s, P&G, Del Monte Foods – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Dog Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global dog food market reached a value of US$ 56.3 Billion in 2020. Looking forward, the global dog food market to exhibit moderate growth during the next five years.

Dogs currently represent one of the most preferred pets across the globe. The general diet of a dog should comprise a combination of carbohydrates, minerals, proteins, fats, vitamins and water. In the absence of proper nutrition, dogs are unable to fight off infection, perform daily activities, repair teeth and bones, and maintain their build and muscle tone.

In line with this, dog food manufacturers across the globe have been introducing products suitable for every stage of a dog’s life. Some of these products provide hypoallergenic nutrition, whereas other formulations are produced for controlling health conditions such as kidney and heart-related diseases.

Moreover, various non-governmental organizations have started building rescue shelters where the volunteers focus on improving the health of stray dogs, which has given rise to the demand for high-quality dog food.

Nowadays, pet owners are becoming more aware of the dietary requirements of their dogs, owing to which the demand for better quality dog food products has escalated. In addition, numerous cases of diabetes, high blood pressure and arthritis have been reported in dogs across the globe.

As a result, veterinarians have started recommending low-calorie dog food to the owners, thereby prompting manufacturers to expand their product offerings. Other than this, in developing regions like Mexico, India, Thailand and China, dog food products have witnessed a significant growth due to the availability of improved logistic facilities.

Furthermore, on account of rapid urbanization and increasing disposable incomes in these regions, there has been a rise in dog ownership rates. This factor has provided an impetus to the growth of the market.

Competitive Landscape:

The global dog food market is highly concentrated in nature with the presence of a few players competing in terms of quality and prices.

Some of the leading players operating in the market are:

• Mars Petcare, Inc
• Nestle Purina Pet Care
• Hill’s Pet Nutrition
• Proctor & Gamble Co.
• Del Monte Foods

Key Market Segmentation:

Breakup by Product Type:

• Dry Dog Food
• Dog Treats
• Wet Dog Food

The dog food market has been segmented on the basis of the product type into dry dog food, dog treats and wet dog food. Amongst these, dry dog food is the most popular type as it is less expensive and reduces the cumulation of dental tartar.

Breakup by Pricing Type:

• Premium Products
• Mass Products

On the basis of the pricing type, the market has been segregated into premium and mass food products. At present, premium products represent the largest segment, exhibiting a clear dominance.

Breakup by Ingredient Type:

• Animal Derived
• Plant Derived

The market has been analyzed on the basis of the ingredient into animal- and plant-derived products. Currently, animal-derived products are gaining momentum as they are easily digestible, provide energy and help in maintaining the overall health of the dogs.

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Specialty Stores
• Online
• Others

Based on the distribution channel, the market has been divided into supermarkets and hypermarkets, specialty stores, online and others. Amongst these, supermarkets and hypermarkets are the most popular sales channel for various dog food brands.

Regional Insights:

• North America
• Western Europe
• Asia Pacific
• Latin America
• Eastern Europe
• Middle East and Africa

On a regional basis, North America represents the biggest market for dog food, holding the majority of the market share. This can be attributed to the availability of a wide range of dog food products for specific size, breed and age across the region.

For more information about this report visit https://www.researchandmarkets.com/r/xbbmsi.

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