Global Dog Food Market Outlook

The chart displays data for global dog food market for the years 2018 to 2032, wherein the market size was usd 44.2 billion in the year 2022, and the cagr was estimated to be 6.1% during the forecast period 2023 to 2030. it is projected that rising consumer interest in adopting dogs and growing worries about their health would fuel demand for the product. additionally, the consumption of nutrient-rich food by pets is likely to improve their general digestion and function over the course of the forecast period. rarely do the pet food products that are sold on the international market differ. in order to combat this similarity bias, producers have been compelled to integrate multi-functional and creative components in their products. given the rising popularity of prepared pet food, convenience is anticipated to be a key factor in the growth of this market. the other market sector is organic pet food, which has become a developing trend recently. over the projection period, premiumization and humanization trends are anticipated to be the primary growth drivers in the dog food industry. pet owners are becoming increasingly concerned about the health and nutrition of their animals as a result of the global trend towards pet humanization, which is expected to boost demand for organic, upscale, and individualised goods throughout the forecasted period. increasing urbanisation is one of the major developments affecting the dog food industry. due to rising consumer awareness of pet health issues, the maintenance and improvement of canine weight have received increased attention. customers select from a variety of diets and give product brands a high priority, boosting the market share of well-known brands like pedigree dog food. the goal of producers is to expand their overall profit margin and enter the market for upscale dog food.