Pet Humanization Trend at the Epicenter of Driving Dog Food Sales at 6.2% CAGR through 2031 - Future Market Insights

Shifting consumer preference towards organic and plant-based dog food options is anticipated to push sales in the market over the forecast period. Considering this, FMI has forecast the market size to total US$ 44.83 Bn in 2021. In addition to this, demand for made-to-order dog food is expected to grow in forthcoming years, with the total valuation reaching US$ 81.65 Bn in 2031. Shifting consumer preference towards organic and plant-based dog food options is anticipated to push sales in the...

Shifting consumer preference towards organic and plant-based dog food options is anticipated to push sales in the market over the forecast period. Considering this, FMI has forecast the market size to total US$ 44.83 Bn in 2021. In addition to this, demand for made-to-order dog food is expected to grow in forthcoming years, with the total valuation reaching US$ 81.65 Bn in 2031.

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The outbreak of COVID-19 has resulted in increasing pet ownership across the globe. As per a study by Veterinary Humanities and Social Sciences, as compared to 2019, pet ownership has increased by 250% in the first half of 2020. This has resulted in high demand for dog food and accessories, and the trend is anticipated to continue over the forecast period.

Pet owners has become highly conscious about health concerns such as excessive weight gain and gastrointestinal diseases affecting their dogs. Thanks to better access to information, pet owners are more informed about various ingredients used in pet food. With demand for healthier supplements increasing, manufacturers are encouraged to launch organic, insect-derived, and plant-based dog food products.

Besides this, dog food producers are aiming at expansion of their distribution channels in countries such as India, Brazil, Thailand, and Mexico by entering into strategic collaborations with regional and local players. This is expected to pave way for the growth of the market in the coming years.

"Quality certification in dog food products is expected to become imperative to ascertain quality, quantity, and the grade of food. Besides this, adoption of online retail channels by market players will continue pushing sales of dog food products over the assessment period," says the FMI analyst.

Key Takeaways:

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Prominent Drivers:

Competitive Landscape

Leading players operating in the global dog food market are emphasizing on research and development activities to launch healthier dog food products and sustainable packaging formats. In addition to this, mergers, acquisitions, and strategic collaborations are anticipated to assist market players in expanding their global footprint. For instance:

Leading players operating in dog food market profiled by FMI include:

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More Insights on FMI's Dog Food Market

The latest market study on the dog food market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global dog food market potential, its growth, trends, and opportunities, the market is segmented on the basis of:

Nature:

Source:

Product Type:

Pet Type:

Packaging Type:

Distribution Channel:

Region:

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Key Questions Covered in Dog Food Market Report 

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