Dog Food Market Poised to Exceed US$ 81,224.9 Million by 2033, with a Robust 6% CAGR | Future Market Insights

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.

Customised dog food products are growing more popular in developed countries, and this trend is expected to extend to emerging economies in the future years. Demand for dog food may increase as pet owners become more careful of what they feed their animals.

Because pet owners like to have more control over the ingredients used in dog food manufacture, brands and businesses that offer custom designed and customised dog food items have a significant growth opportunity.

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Spending on pets is anticipated to increase as a result of the humanization and premiumization trends, which will help to offset the stagnant growth of the dog population in North America.

Key Takeaways:

• By 2033, the dog food market in the United Kingdom is likely to expand, with a CAGR of 7.5%.
• In 2022, the United States held a market share of 32% in the dog food sector.
• The dog food market was significantly expanding, with a size of US$ 43,876 million in 2022.
• By 2033, the dog food market in China is likely to expand, with a CAGR of 6.7%.
• In 2022, Germany expanded significantly in the dog food business, with an expected share of 10%.
• By 2033, India is projected to expand significantly in the dog food market, with a share of 4.5%.
• In 2022, Australia developed significantly in the dog food business, with an expected share of 0.5%.
• Japan’s dog food industry share developed significantly, with a 0.8% share in 2022.
• In 2022, the conventional segment led the market with a significant share of 75% and is likely to hold a top spot in the market, in terms of nature.
• Based on the source, the animal-derived segment dominated the industry in 2022, with a share of 68.6%.

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.

• In August 2022, Indian pet food company Wiggles increased its product line by introducing EveryDawg, a new brand of dog food. EveryDawg is a delicious, nutritious dry dog food that is gluten- and sugar-free and suited for all breeds of dogs.
• In India, in February 2022, the Pedigree brand of Mars Petcare introduced a new line of dog treats called Ranchos. Spiral Wrap and Super Bones are the two forms in which the items are offered.

Who is Winning?

• Evanger’s Dog & Dog Food Company, Inc.
• Nestlà Purina Pet Care
• P&G Pet Care
• Hill’s Pet Nutrition
• Del Monte Pet Products
• Affinity Petcare SA
• Nutro Products Inc.
• Unicharm PetCare Corp.
• Total Alimentos SA
• Nutriara Alimentos Ltda.
• The J.M. Smucker Company
• Dave’s Pet Food
• Fromm Family Foods LLC
• Boulder Dog Food Company
• Real Pet Food Company Pty Ltd
• Burgess Group PLC
• Freshpet
• Party Animal, Inc.
• Rollover Pet Food Ltd.

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Key Segmentation:

By Nature:

• Organic
• Monoprotein
• Conventional

By Source:

• Animal Derived
• Fish
• Chicken
• Duck
• Beef
• Pork
• Venison/Game
• Lamb
• Turkey
• Plant-derived
• Insect- derived
• Crickets
• Mealworms
• Black soldier flies

By Product Type:

• Kibble/Dry
• Extruded
• Baked
• Coated
• Treats and Chews
• Pastes
• Cremes / Cream-Snacks
• Crunchy snacks
• Chew sticks
• Tablets
• Biscuits
• Jerky
• Rawhide
• Dehydrated Food
• Freeze Dried Food
• Freeze-Dried Raw
• Wet Food
• Frozen
• Raw Food
• Powder

By Pet Type:

• Puppy
• Adult
• Senior

By Packaging Type:

• Pouches
• Bags
• Can
• Bottles & jars
• Folding cartons
• Tubs & Cups

By Distribution Channel:

• Store-based Retailing
• Hypermarkets/Supermarkets
• Convenience Stores
• Mom and Pop Stores
• Pet Stores
• Discounters
• Independent Grocery Retailers
• Drugstores
• Other Retail Formats
• Online Retailers

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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Author

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.