Posted on 07 Jan 2019
With the growing culture of pet humanisation, dog owners have started treating their dogs as family members. Owing to this, the focus of the pet food industry has also shifted towards the health and wellness solutions. Additionally, product premiumisation has incited dog owners to demand for the best food products for their pets. Not only do they look up for flavours and taste but also demand products with high nutritional benefits, good quality ingredients and high manufacturing standards.
Currently, the dog food market represents a multibillion dollar business and the largest segment of the global pet care market. According to a new report by Expert Market Research, the global dog food market reached a value of US$ 53 Billion in 2018 and is further expected to reach US$ 66 Billion by 2024. The market growth can be accredited to a number of factors. With rising dog ownership in both developed and emerging markets, there has been a surge in the global demand for dog food. Moreover, increasing consumer awareness on the benefits of quality pet food has also facilitated the market growth. Some of the other growth inducing factors include rising disposable incomes, changing lifestyle, rapid urbanisation and product innovations.
Key findings from the report:
Expert Market Research has analysed the global dog food market according to types, major regions and top players:
Market breakup by Type
Market breakup by Region
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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