PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1402414
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1402414
Global Dog Food and Snacks Market will witness over 4.5% CAGR between 2023 and 2032 due to continual product launches and enhancements. With a focus on pet health and nutrition, companies introduce diverse offerings, from specialized diets to innovative treats.
For instance, in November 2023, Covetrus®, through its premium pet food brand, Calibra™, unveiled its latest line of veterinary dog treats in the European Union and Latin America. The Calibra Veterinary Diet Snacks offers a diverse range of treats tailored to address common canine health issues. These treats are meticulously crafted to complement Calibra's veterinary diets, following over a year of dedicated research and development. Martin Cech, Calibra's R&D and export manager, expressed excitement about launching their Veterinary Diets Snacks, the brand's maiden products designed for dogs on specialized diets with various medical conditions.
Improved formulations, addressing dietary needs and taste preferences, drive this surge. Pet owners seek premium, nutritious options, prompting a market evolution towards healthier, more enticing dog food and snacks. This trend reflects an ongoing commitment to pet wellness, shaping a dynamic market catering to canine companions' diverse needs and discerning tastes.
The overall Dog Food and Snacks Market share is classified based on the raw material, distribution channel, and region.
Plant-based segment will undergo significant development from 2023 to 2032. Reflecting a growing trend in conscious pet ownership, plant-based diets for dogs gain traction due to ethical and health considerations. With owners seeking sustainable alternatives, brands introduce plant-based dog food and snacks, emphasizing natural ingredients. This shift caters to a niche market segment, addressing concerns about allergens and animal welfare. The market's evolution towards plant-based offerings mirrors a larger societal shift towards eco-conscious choices, influencing pet food preferences.
Dog food and snacks market size from the supermarkets/hypermarkets segment will register a noteworthy CAGR from 2023 to 2032. As convenient shopping hubs for pet owners, these retail giants offer a vast array of brands and options catering to diverse dietary needs and preferences. The convenience of finding a wide selection under one roof makes supermarkets and hypermarkets primary destinations for pet supplies. Their influence in stocking premium and specialized diets reflects the evolving demands of pet owners seeking quality and variety, shaping the dynamic dog food and snacks market.
Asia Pacific dog food and snacks industry will showcase a commendable CAGR from 2023 to 2032. As pet ownership rises and lifestyles evolve, there's a growing inclination towards premium and specialized pet diets. With a focus on pet health and wellness, the market witnesses a surge in demand for high-quality, nutritious dog food and snacks. This trend reflects a cultural shift towards pampering pets and a heightened awareness of their dietary needs, marking the Asia Pacific region as a burgeoning market for diverse and innovative pet food options.