Dog Food Market to Record Growth of $12.84 Billion – Technavio Expects Increased Pet Health Awareness to Drive Growth

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NEW YORK, July 21, 2022 There “Dog Food Market by Product and Geography – Forecast and Analysis 2022-2026report has been added to Technavio’s offering. According to the report, the market will witness incremental growth of $12.84 billion between 2021 and 2026, expanding at a CAGR of 4.27% during the forecast period. Rise in pet health awareness is expected to drive the market growth. In addition, factors such as increased product visibility and accessibility through online retailing and increased focus on own brand pet food manufacturing will further accelerate the market growth. Download a sample PDF report here

The market is fragmented due to the presence of several established vendors. Market players form strategic alliances to stay competitive and gain advantage over their rivals. For example, in July 2021Nestlé SA announced a new collaboration with Starbucks Corporation to bring Starbucks Ready to Drink coffee beverages to select markets across South East AsiaOceania and Latin America. In August 2021, the company completed the acquisition of the core brands of The Bountiful Company. Vendors are also focusing on launching new products to increase their market share. For example, in February 2021Champion Petfoods LP has launched three premium, nutritious and tasty foods and treats named ACANA Healthy Grains Food, Freeze Dried Food and High Protein Biscuits.

Bravo LLC, Champion Petfoods LP, Grandma Lucys LLC, Hills Pet Nutrition Inc., Mars Inc., Nestle SA, Primal Pet Foods Inc., Stella and Chewys LLC, Steves Real Food and The JM Smucker Co. are among the main participants of the market. While growing pet health awareness, increased product visibility and accessibility through online retailing, and increased focus on pet food manufacturing at clean label will provide immense opportunities for growth, changing the lifestyles and busy working lives of the urban population, the limited choice of frozen foods, and the rising cost of raw materials will test the growth of market players.

To make the most of the opportunities, sellers in the market should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. See a sample report here

The Dog Food Market is segmented as follows:

  • Product
    • Dry dog ​​food
    • Dog treats
    • Wet dog food

The dry dog ​​food segment has witnessed maximum growth in the market in 2021. Growing focus of vendors on offering dog food in attractive packaging and other packaging innovations is driving segment growth. Market growth in the segment will be significant over the forecast period.

  • Geography
    • North America
    • Europe
    • APAC
    • AEM
    • South America

Around 33% of market growth will come from North America. Rising production of own-brand pet food products by manufacturers will drive the growth of the regional market during the forecast period. Additionally, increasing sales of dog food through subscription and e-commerce portals are contributing to the growth of the dog food market in North America. Technavio presents a detailed picture of the market through the study, synthesis and summation of data from several sources. Our Dog Food Market report covers the following areas:

Dog Food Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the dog food market. Backed by competitive intelligence and benchmarking, our Dog Food market research reports are designed to provide entry assistance, customer profiling and M&A as well as go-to-market strategy support. on the market.

Dog Food Market 2022-2026: Key Highlights

  • Market CAGR over the forecast period 2022-2026
  • In-depth information on factors that will contribute to the growth of the dog food market over the next five years
  • Estimated dog food market size and contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the dog food market
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Complete details of the factors that will test the growth of dog food vendors in the market

Related reports:

Scope of the dog food market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 4.27%

Market Growth 2022-2026

$12.84 billion

Market structure

Fragmented

Annual growth (%)

2.87

Regional analysis

North America, Europe, APAC, MEA and South America

Successful market contribution

North America at 33%

Main consumer countries

United States, China, Russian Federation, Japan and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Bravo LLC, Champion Petfoods LP, Grandma Lucys LLC, Hills Pet Nutrition Inc., Mars Inc., Nestle SA, Primal Pet Foods Inc., Stella and Chewys LLC, Steves Real Food and The JM Smucker Co.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: forecast for 2021 – 2026

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by product

  • Market segments
  • Comparison by product
  • Dry dog ​​food – Market size and forecast 2021-2026
  • Dog treats – Market size and forecast 2021-2026
  • Wet dog food – Market size and forecast 2021-2026
  • Market opportunity by product

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2021-2026
  • Europe – Market size and forecast 2021-2026
  • APAC – Market size and forecast 2021-2026
  • MEA – Market size and forecast 2021-2026
  • South America – Market size and forecast 2021-2026
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Insight
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Bravo SARL
  • Champion Petfoods LP
  • Grandma Lucys LLC
  • Hills Pet Nutrition Inc.
  • Mars Inc.
  • Nestlé SA
  • Primal Pet Foods Inc.
  • Stella and Chewys LLC
  • Steve’s real food
  • The JM Smucker Co.

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
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UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

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