Dry Pet Food size Market will grow at a CAGR of 5.50% from 2023-2030: Cognitive Market Research
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Introduction of?Dry Pet Food Market
While most pet feeds are utilized as utilitarian goods, they are often designed to give pets a comprehensive and balanced diet. A processed pet food diet is a dry diet, a biscuit diet, or a kibble diet. Compared to other pet food products, the demand for dry meals is significantly higher since pet owners view them as an accessible and simple diet option without sacrificing nutritional content. Dry pet food is in greater demand globally among young, employed urban pet owners due to how simple it is to store and feed pets. Furthermore, the growing adoption of pets and increasing public awareness of their health needs are expected to drive sales in the market. Pet owners have become more conscious of the benefits and requirements of providing nutrient-rich food to their pets due to pet humanization.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the dry pet food industry.
Key Insights from Dry Pet Food Market Report
The Global Dry Pet Food market will grow at a compound yearly growth rate (CAGR) of 5.50% from 2023 to 2030.
What is driving the Dry Pet Food Market?
It is anticipated that one of the key factors driving the market would be the rising rate of pet ownership throughout the world, particularly in emerging areas. The pace of market expansion is further accelerated by the growing urbanization and pet humanization, which encourage pet owners to choose wholesome and premium pet food. The growing per capita income of consumers encourages them to spend money on organic and nutritious pet food items to improve the health of their pets.
Moreover, the convenience and nutritional benefits associated with dry pet food make it an attractive option for pet owners in busy urban environments.? As a result, the market is poised for sustained growth in the foreseeable future.
Factors Impacting on Dry Pet Food Market Growth
Pet food comes under the most highly regulate food products, especially across the Western markets. In established markets, pet animal meals are rigorously inspected at every level, from the materials used to prepare the food through its sale and marketing. The stringent standards connected with commercialization may function as a significant barrier to the market's expansion. Moreover, lower acceptance for premium or high-priced pet food across some developing markets can also hinder growth.
Impact of COVID-19 on the Dry Pet Food Market
Disruptions in the worldwide market's supply chain were seen during the pandemic's early stages. These interruptions are brought on by a lack of labour for raw supplies and transportation limitations. However, because the lockdown was so simple, operations were restored to normal. Global pet food sales have been favourably influenced by increased pet adoption, an increase in demand for luxury pet food, and improvements in manufacturing practises by pet food companies. Pet owners have also stock up pet food through the lockdown in 2020, which caused a short-term boom in sales.
Dry Pet Food Market Segmentation:
Product Type:
Distribution Channel:
Kibble, or dry kibble or dry food, is the most popular and widely consumed type of dry pet food. It typically comprises grains, meat or meat by-products, and various additives such as vitamins and minerals. Kibble is known for its convenience, long shelf life, and affordability. It is available in various shapes, sizes, and flavors to cater to pet preferences and dietary needs.?
Other product types category encompass various dry pet food alternatives to kibble, including freeze-dried, dehydrated, air-dried, and freeze-dried raw pet foods. These options have gained popularity among pet owners seeking natural, minimally processed, and higher-quality pet diets. Due to their gentle production methods, freeze-dried and dehydrated foods retain more original nutrients and flavors than traditional kibble.
Animal Type:
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Top Companies Market Share in Dry Pet Food Industry:
玛氏食品 , Nestlé Purina Brasil , 高露洁 , 通用磨坊 , Clearlake Capital Group , Alltech , ADM , and Others
Dry Pet Food Industry News:
North America Dry Pet Food Market dominates the largest market share of the Global Market!
Despite North America's current dominance of the worldwide industry, the region is predicted to continue to lead the market over the projected timeframe. The extensive adoption of pets in American households is one of the primary elements in the region's dominance. According to a research conducted by the American Pet Products Association (APPA), around 85 million American families, or 67% of all households in the country, had pets. The market expansion of wholesome food items for pets is being encouraged by North American customers' positive attitude towards pet humanization and its widespread acceptance.
The region with the greatest predicted growth rate worldwide is Asia Pacific. The main sources of income in the area are economies like those of Japan, Australia, and China. Japan is one of the top importers of prepared dog and cat food globally, but the country's pet food business is showing no signs of development.
Frequently Asked Questions (FAQs)
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