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Dog Food and Snacks Market 2019 Worldwide Significant CAGR of 4.5% Foreseen By 2025

Author : Rahul Sankrityayan | Published Date : 2019-05-29 

North America is leading the global dog food and snacks market based on the growing dog population and increasing adoption rate in the region. U.S. is responsible for a major revenue share over 60% in 2018 and is predicted to continue the dominant trend in the coming years. U.S. is ranked first in terms of dog ownership and third in cat ownership at a global level. Around 50% of the pet owners in the country owns a dog. These factors are likely to have a positive impact on market growth over the forecast spell.

Increasing spending power along with growing urbanization have led the increase of nuclear families to move in flats, apartments, societies, etc. seeking better quality of life. Canines are being adopted by these nuclear families for many reasons such as safety, companionship, and as service dogs for elderly people. Surge in canine ownership for various purposes along with rising health concern may encourage the product usage, swelling the dog food & snack market by 2025. Likewise, rising adoption of canines to overcome autism or ADHD in teens, warding off depression and reduced risk for heart disease would also contribute towards the industry growth. Additionally, service dogs require a balanced form of nutritious diet so as to manage their day-to-day activities. The above-mentioned trends will drive the dog food and snacks market by 2025.

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Increasing concern of severe diseases that human can contract from canines such as rabies, dander, etc. limit the industry growth. Obesity in canines is another major issue among pet owners. Increasing consumption of nutritious diet and lack of exercises can lead to health issues for the canines. This may hinder the product market size in the projected timespan as pet owners will opt for homemade meals instead of the ones that are commercially available.

Dog food and snack registers a CAGR over 4% by 2025. This is due to its popular use in domestic and professional practice. Moreover, dogs are the most preferred pets over other domestic animals, due to their behavior, resiliency, and their inclination to provide the owner’s family members with love and loyalty, that will drive 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 by distribution channels are likely to grow with a significant rate of CAGR over 4.5% by 2025 for online sellers. It is eminent as they offer wide variety of dog food and snack products with required specifications to choose from. Moreover, with increasing demand for the product and convenient use of e-commerce is likely to upsurge the dog food and snack market in the coming years.

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.

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European 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.

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.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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