Dog Food Market US$ 81,224.9 Million by 2033: Steady Growth Driven by Pet Owners' Preference for High

In 2023, the value of the dog food market is estimated to reach US$ 45,631 million. According to Future Market Insights (FMI), global sales of dog food are expected to reach US$81,224.9 million by 2033, rising at a CAGR of 6% throughout that time period.

Personalised dog food items are becoming increasingly popular in developed nations and are expected to do so in emerging economies in the next years. Demand for dog food has the potential to skyrocket as pet owners become more conscious of the food they feed their pets.

Because pet owners like to have more control over the ingredients used in dog food manufacturing, there is a large growth opportunity for brands or businesses that provide specifically developed and adapted food items for dogs.

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The trend towards humanization and premiumization is likely to result in more spending on pets, which counteracts the stalling of dog population growth in the United States and Canada.

Key Takeaways:

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Competitors’ Winning Strategies:

Around the nation, pet owners are converting to grain- and gluten-free diets. Sales of various kinds of dog food are fueled by dog owners’ desire to provide wholesome food for their animals. This encourages the key players to develop new dog food items.

Customers are increasingly opting for clean-label goods as they seek to eliminate undesired components like heavy metals and toxins that are frequently present in pet feeds. Dog food manufacturers are likely to gain a high market share by adopting this trend.

Recent Developments:

Nestlé Purina Petcare announced in December 2020 that it invested US$ 550 million to develop its pet food production facilities in Georgia.

Who is Winning?

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Key Segmentation:

By Nature:

By Source:

By Product Type:

By Pet Type:

By Packaging Type:

By Distribution Channel:

By Region:

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