April 08, 2020
As per the report titled ‘Dog Food And Snacks Market Size By Type, By Distribution Channel, Industry Analysis Report, Regional Outlook Growth Potential Analysis, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report LLC, the global dog food and snacks market is projected to surpass USD 75 million by the year 2025.
Increasing purchasing power in tandem with growing urbanization are escalating adoption of canines, especially among nuclear families for various reasons such as companionship, safety, and as service dogs for the aged people. These factors coupled with application of pets to improve the health cases among individuals with autism, ADHD, and depression is driving the growth of dog food and snacks market. In addition, increasing demand for nutritious products for service dogs so that they can effectively carry out their daily activities, will boost the market growth in the coming years.
On the contrary, rising concern regarding various diseases such as rabies and dander may hamper the market growth in the coming years. Obesity in canines is another challenge due to which pet owners prefer to give homemade meals instead of commercially available products.
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Based on the type, dog food and snacks market is classified into food and treat & mixers. Dog food segment presently accounts for majority market share and is expected to grow substantially over the forecast timeline. High moisture content and low-calorie composition are favoring the demand for dog food.
Speaking of the distribution channel, dog food and snacks market share from specialized pet food shops is projected to grow with a CAGR of 4.5% during the forecast period, owing to availability of a wide array of products with vital specifications to choose from.
Considering the geographical outlook, dog food and snacks market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dog food and snack market amassed USD 10 billion in 2018 and is slated to grow rapidly over the analysis period. The growth can be affixed to increasing adoption of dogs for security, social comfort, and as service dogs.
Major players of dog food and snacks market include Nestlé SA., Mars Petcare Inc., Big Heart Pet Brands, JM Smucker Company, Hill's Pet Nutrition, Blue Buffalo, Colgate-Palmolive Co., Diamond Pet Foods, Spectrum Brands / United Pet Group, Heristo AG, Deuerer, Unicharm Corp., Nippon Pet Food, Thai Union Group., and CJ Cheiljedang Corp.
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