The history of dog food can be traced back to the mid-1800s when the world first saw food made specifically for dogs. Most of the dog food is made with feed grade (animal grade) ingredients and comes in either a dry form (also known as kibble), wet form or semi moist form. Usually, pet owners prefer dry food due to convenience and price. During 2014-2018, the global dog food market grew at a CAGR of around 4%. The market is currently being driven by increasing awareness among dog owners about the need to feed their pet with quality nutritional food and concern for the health of their pets. This report by Expert Market Research, entitled “Dog Food Market Report and Forecast 2019-2024”, provides a comprehensive analysis for anyone who plans to foray into the dog food market.
Historical market trends for the dog food industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global dog food market into the following regions – North America, South America, Asia Pacific, Europe and the Middle East and Africa. North America currently represents the world’s largest dog food market, accounting for 38% of the total global sales. North America was followed by Western Europe and Asia Pacific. On the basis of product type, the global dog food market has been segmented as dry dog food, dog treats and wet dog food. For each of the dog food types, the report has provided both historical and future market trends.
The value chain analysis of dog food has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analyzing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the dog food industry has also been provided. Some of the key players in this market include Mars, Nestle, Colgate-Palmolive, Hills Pet, etc.
This report provides an exhaustive insight for setting-up and running a dog food manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labor requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global dog food market?
- Which are the biggest markets (regions) for dog food?
- What are the major types of dog food? Which is the most popular?
- Who are the key manufacturers in the dog food market?
- What are the land and construction requirements to start a dog food manufacturing plant?
- What are the machinery requirements to start a dog food manufacturing plant?
- How is dog food priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a dog food manufacturing plant?
- What are the running costs of a dog food manufacturing plant?
- How much revenue can a dog food manufacturing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the dog food industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.