Global Dog Food and Snacks Market Opportunities and Forecast 2023-2030

Dog Food and Snacks Market Overview

Pet owners with specific breeds of dogs prefer spending on premium products, which supply high-quality food containing properties in line with the health needs of the said breeds. Supported the value category, the premium petfood and snacks segment is predicted to account for over 20% share within the global market by 2027. The worth of premium pet food is rising continuously, on account of drifting pet owners' focus towards healthy and nutritious pet meals.
 
The increasing adoption of pets across the world is that the primary driver for the petfood and snacks industry growth during the forecast period. The aging population across the world has been a serious contributor within the demand for companion animals. Dog ownership provides opportunities for outdoor activities & exercise, and improved socialization. These factors also reduce health risks like high triglyceride levels, blood pressure & cholesterol levels in aged population. The above-mentioned factors will boost the adoption of dogs and indirectly aid petfood and snacks market expansion.
 
The increasing incidence of humans contracting severe diseases from dogs will act as major restraining factor to plug growth. Like humans, all animals carry germs which will cause severe diseases like rabies and skin infections including ringworm, tapeworm, hookworm & fungi from the soil or skin of pets and humans. Many humans also are allergic to dog fur and dander that would cause serious reactions. Besides this, there are other bacteria and parasites, like campylobacter jejuni, toxocara, etc., which will also cause several diseases to humans and should decrease people’s ability to host pets, resulting in a slowdown within the pet food and snacks market during the forecast period.
 
Covid-19 Impact on Dog Food and Snacks Market:

A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, safety, supply chain, training, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in beverage industry is facing a devastating effect of pandemic. 13% of the craft beer sector around the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused shut down of many small to medium food processing companies around the world.
 
Dog Food and Snacks Market Segment Overview

Based on the product type, the food type segment captured a higher CAGR within the global dog food and snacks market owing to its remarkable benefits like ensures good oral care in dogs and provides essential nutrients including proteins, vitamins, and carbohydrates to dogs. The food type is further divided into dry food and wet food. Dry food type has low moisture content and helps to take care of the general health of the animal, whereas wet food type has high moisture content and are mainly preferred when the dog is ill or is lacking in appetite.

Additionally, online distribution channels are witnessing an increase within the demand for dog food & snacks, with attractive growth prospects within the coming years. They offer a good range of pet food products with vital specifications to select from.
Moreover, Animal-based products are therefore of particular interest to the present segment of the consumer market. Furthermore, dog treats and mixers are free from grains and vegetables and are given as appetizers to dogs with health issues like diabetes, obesity, disorders, allergies, and gastrointestinal issues.

Market Analysis, Insights and Forecast – By Product Type
·        Food and Treats
·        Mixers

Market Analysis, Insights and Forecast – By Distribution Channel
·       Specialized Stores
·       Supermarkets/Hypermarkets
·       Online
·       Others

Market Analysis, Insights and Forecast – By Ingredient
·       Plant based
·       Animal based

Dog Food and Snacks Market Regional Overview

Region-wise, in terms of regions, North America dominated the pet food & snacks market with revenue of around USD 23 billion in 2020. Although Europe is probably going to point out a marked rise in market growth over coming years, the U.S. pet food market is anticipated to grow significantly due to the increasing number of nuclear families and therefore the increasing adoption of dogs as pets within the U.S. Moreover, State & Federal governments within the region are repeatedly investing within the pet food industry, creating jobs and increasing the country’s economic process. as an example , Petz International, a producer of pet treats, received an investment of USD 500,000 from the provincial & federal governments through the Atlantic Canada Opportunities Agency’s Business Development Program of Canada to expand its facilities.

Dog Food and Snacks Market, By Geography
 
·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Dog Food and Snacks Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Dog Food and Snacks are highlighted below.

·       In September 2019, Olitalia has invested in research and development and strategically invested in communication strategy involving publicity campaigns dedicated to focus on consumers so as to extend brand awareness.

Dog Food and Snacks Market, Key Players

·        Mars Petcare Inc.
·        Nestle SA
·        The J.M. Smucker Company
·        Nippon Pet Food
·        Colgate-Palmolive
·        Blue Buffalo
·       Schell & Kampeter. (Diamond pet food)
·        Tiernahrung Deuerer
·        Champion Petfoods LP
·        United Pet Group