The culture of pet ownership is on the rise globally. Among all the pet types, dogs represent the most preferred pets. With an increase in dog ownership, the demand for dog food has also grown at a healthy pace. According to IMARC group, the global dog food market reached sales worth US$ 51.1 Billion in 2018, growing at a CAGR of around 4.1% during 2011-2018. This market is currently being driven by a number of factors - increasing disposable incomes, urbanisation, awareness about sustaining a healthy diet for their pets and a higher demand for premium products. Trends such as premiumisation and humanisation of pets have brought about a substantial rise in pet expenditures. As a result, dog owners are now turning towards high-quality food products as they are concerned about the well-being of their pets.
IMARC’s latest study “Dog Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” provides a detailed analysis on the global dog food market. The report has segmented the market on the basis of product type, Currently, dry dog food dominates the global dog food market with a share of more than 60%. Dry dog food is followed by dog treats and wet dog food. The report has also segmented the market on ingredient basis into plant derived and animal derived dog food products. Currently, animal derived dog food holds majority of the market share. The report also categorises the global dog food market into premium and mass products on the basis of pricing. Based on the distribution channel, the market has been further segmented into supermarkets and hypermarkets, convenience stores, online stores and others. In addition to this, the regional segmentation has also been covered in the report. North America currently represents the world’s largest market for dog food accounting for more than one-third of the total global market. North America is followed by Western Europe, Asia-Pacific, Latin America, Eastern Europe and the Middle East and Africa. The report also presents a competitive landscape covering the major players operating in this market. Some of the key players include- Mars Petcare Inc., Nestle, Hill's Pet Nutrition, Proctor & Gamble Co., Del Monte Foods and Colgate-Palmolive.
This report provides a deep insight into the global dog food industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a dog food manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the dog food industry in any manner.
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