|05-15-2019 02:32 PM CET - Business, Economy, Finances, Banking & Insurance||
Dog Food And Snacks Market 2025: Future Growth and Market Insights of Leading Key Players Like Hill's Pet Nutrition, Diamond Pet Foods, Blue Buffalo Co, United Pet Group, Unicharm, Big Heart Pet Brands
Press release from: Global Market Insights, Inc.
North America is leading the global dog food and snacks market based on the growing dog population and increasing adoption rate in the region. U.S. is responsible for a major revenue share over 60% in 2018 and is predicted to continue the dominant trend in the coming years. U.S. is ranked first in terms of dog ownership and third in cat ownership at a global level. Around 50% of the pet owners in the country owns a dog. These factors are likely to have a positive impact on market growth over the forecast spell.
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Increasing spending power along with growing urbanization have led the increase of nuclear families to move in flats, apartments, societies, etc. seeking better quality of life. Canines are being adopted by these nuclear families for many reasons such as safety, companionship, and as service dogs for elderly people. Surge in canine ownership for various purposes along with rising health concern may encourage the product usage, swelling the dog food & snack market by 2025. Likewise, rising adoption of canines to overcome autism or ADHD in teens, warding off depression and reduced risk for heart disease would also contribute towards the industry growth. Additionally, service dogs require a balanced form of nutritious diet so as to manage their day-to-day activities. The above-mentioned trends will drive the dog food and snacks market by 2025.
Dog food and snack registers a CAGR over 4% by 2025. This is due to its popular use in domestic and professional practice. Moreover, dogs are the most preferred pets over other domestic animals, due to their behavior, resiliency, and their inclination to provide the owner’s family members with love and loyalty, that will drive the dog food and snack market.
Companies Profiled based on Business Overview & SWOT Analysis:
• Mars Petcare
• United Pet Group
• Thai Union Group PCL.
• Nippon Pet Food Co.,Ltd.
• JM Smucker Company
• Heristo AG
• Big Heart Pet Brands
• Hill's Pet Nutrition
• Diamond Pet Foods
• Blue Buffalo Co
• Spectrum Brands, Inc
• CJ CheilJedang
Growing concern of human allergies from dog’s fur and other related issues such as obesity in dog from nutritious food that reduces its training and makes it lazy which may lose its social productivity in security is likely to hamper the dog food and snack market.
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European market size offers a subsequent share for Europe i.e. over 20% in 2018 and is expected to be the growing regional market for the dog food and treat. This is due to people in European region are adopting dogs with their increasing quality of life and with growing aged population for social comfort, security and as a companion. Thus, rising humanization towards dog will propel the dog food and snack market in the projected timeframe.
Dog food and snack market share is exceedingly competitive, with several key players accounting for a major share of total industry. The major players include Mars Petcare Inc., Colgate-Palmolive Co, Deuerer, Nestlé SA, Diamond Pet Foods, Heristo AG, Nippon Pet Food, JM Smucker Company, United Pet Group and few other major dog food producers.
Chapter 1. Methodology And Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
184.108.40.206. Forecast parameters
1.2. Data sources
Chapter 2. Executive Summary
2.1. Dog food and snacks industry 360° synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Type trends
2.1.3. Distribution channel trends
2.1.4. Regional trends
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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This release was published on openPR.
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