Dog Treats Market Will Reach US$ 36.1 Billion In 2023 Expanding At A CAGR Of 22.5%

The worldwide dog treats market is valued at US$ 36.1 billion in 2023 and is expected to reach US$ 275 billion by the end of 2033, growing at a remarkable CAGR of 22.5% throughout the decade. Pet ownership has shifted to parenting in recent years, which is a critical development that is increasing demand for pet treats across geographies.

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Traditionally, pet owners fed their pets from the leftovers of the family's meals. However, people are becoming more conscious of the necessity of adequate pet food, which is developed to promote the health of their dogs. These factors are also expected to increase demand for pet treats and nutritious pet food items throughout the world.

Competitive Landscape:

Key suppliers of dog treats are heavily investing in improving their supply chain management systems for the provision of final goods on both a local and worldwide scale. These distribution systems guarantee that excellent items reach their intended clients. Furthermore, certain rules are established by separate regulatory organizations to minimize environmental damage.

Key dog treat producers are engaging in new advancements to give some appealing dog treats.
As an example,

Dogsee Chew is an Indian natural pet product producer. The business will introduce its new product lines Dogsee Play Treatoy and Dogsee Singles in the Indian market in July 2022. In addition, the Dogsee Singles collection includes natural hard chew bars in coconut and carrot flavors.

Key Players:
• Ani Brands
• The J. M. Smucker Company
• Spectrum Brands Holdings, Inc.
• Plato Pet Treats
• Nestle SA
• Mars, Inc.
• Grandma Lucy's LLC
• GA Pet Food Partners

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Regional Analysis:

From 2023 to 2033, demand for dog treats is expected to grow at a CAGR of 16.5% in Japan.The growing population of pet dogs is predicted to enhance demand for dog treats, driving market growth.

In 2022, sales of dog treats in the United States will exceed US$ 5.5 billion.Increased spending by businesses in the United States on developments in dog treat items is predicted to boost market sales of such products.

During the projection period (2023-2033), demand for dog treats in Canada is expected to grow at a CAGR of 20.1%.

Key Segments of Industry:
• By Product :
o Foods
o Dry Foods
o Wet Foods
o Treats & Mixers
• By Raw Material :
o Plant-based
o Animal-based
• By Cost :
o Premium Pet Foods
o Mass/Bulk Pet Foods
• By Distribution Channel :
o Specialized Pet Food Shops
o Supermarkets/Hypermarkets
o Online Retailers
o Others

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This release was published on openPR.