The major industry players operating in the dog food market include Colgate-Palmolive, Mars Petcare., Deuerer, Nestle, Heristo, JM Smucker Co., United Pet Group, Nippon, and other key dog food manufacturers.
Selbyville, United States – May 16, 2019 —
Asia Pacific dog food market generated a revenue of over USD 10 billion in 2018 and will be the fastest rising regional market for the product in future. This is mainly due to people in Asia-pacific region adopting canines for social comfort, security and as a companion. This in turn will boost the regional dog food and snack market in the near future.
European dog food market size offers a subsequent share for Europe i.e. over 20% in 2018 and is expected to be the growing regional market for the dog food and treat. This is due to people in European region are adopting dogs with their increasing quality of life and with growing aged population for social comfort, security and as a companion. Thus, rising humanization towards dog will propel the dog food and snack market in the projected timeframe.
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On the basis of type, the market can be classified into dog food and treat & mixtures. Dog food captures more than half of the overall market. It has high moisture content that includes large portion per meal without adding extra calories to diet. The segment is further categorized into dry and wet. Wet food is mainly preferred when the canine is ill or is lacking in appetite. It is a good option for canines with poorly aligned jaws, missing teeth or smaller mouths.
Global Dog Food Market is set to surpass USD 75,000 million by 2025; according to a new research report by Global Market Insights, Inc. Rapid urbanization and development have led to increase in elementary family’s, living in society, apartments, flats, etc. desire for adopting dog as a companion. It guides them in maintaining their regular schedules if properly trained and also adds a sense of security for the family, which is the main reason for rising humanization of dogs in families. Increasing ownership for dog and growing concern for their care and nutritious food may promote the use of dog food and snack market.
Growing concern of human allergies from dog’s fur and other related issues such as obesity in dog from nutritious food that reduces its training and makes it lazy which may lose its social productivity in security is likely to hamper the dog food and snack market.
Dog food by type is further classified into dry food and wet food. Dry food captures the maximum share of over 60% in 2018. It has low moisture content and includes extruded foods, flakes, etc. Whereas, wet food has high moisture content and are usually sealed under high pressure, these consist of foil trays, cans and pouches where the contents include chunks in jelly, chunks in gravy and meatloaf formats.
Dog food and snack market share is exceedingly competitive, with several key players accounting for a major share of total industry. The major players include Mars Petcare Inc., Colgate-Palmolive Co, Deuerer, Nestlé SA, Diamond Pet Foods, Heristo AG, Nippon Pet Food, JM Smucker Company, United Pet Group and few other major dog food producers.
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Name: Arun Hegde
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Organization: Global Market Insights, Inc.
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