Press release
Global Dog Food Market to Reach US$ 62 Billion by 2022
Currently, the dog food market represents a multibillion dollar business and the largest segment of the global pet care market. According to a new report by Expert Market Research, the global dog food market reached a value of US$ 49 Billion in 2016 and is further expected to reach US$ 62 Billion by 2022. The market growth can be accredited to a number of factors. With rising dog ownership in both developed and emerging markets, there has been a surge in the global demand for dog food. Moreover, increasing consumer awareness on the benefits of quality pet food has also facilitated the market growth. Some of the other growth inducing factors include rising disposable incomes, changing lifestyle, rapid urbanisation and product innovations.
Request a free sample copy of research report: http://www.expertmarketresearch.com/request?type=report&id=19&flag=B
Key findings from the report:
Different types of dog food include dry dog food, dog treats and wet dog food. In 2016, dry dog food represented the most popular type of dog food, with the majority of the market share. It has a comparatively lower price and is convenient in terms of storage and feeding as it can be left out for longer time without any fear of spoilage.
Region-wise, North America dominated the market with a share of more than a third of the total global market. Some of the other major markets include Europe, Asia-Pacific, Middle East and Africa, and South America.
Being highly concentrated in nature, the global dog food market is surrounded by the top three players with the majority of shares. These include Mars, Nestle and Colgate-Palmolive. Some of the other players include Hills Pet, Iams (P&G), Eukanuba (P&G), Del Monte Foods, Diamond Pet Foods, Blue Buffalo, Heristo AG and Affinity Petcare SA.
Keeping in mind the requirements of consumers, these players are broadening their product portfolio by offering nutritious and organic products.
Click here for summary of the report: http://www.expertmarketresearch.com/reports/dog-food-market
Expert Market Research has analysed the global dog food market according to types, major regions and top players:
Market breakup by Type
Dry Dog Food
Dog Treats
Wet Dog Food
Market breakup by Region
North America
Europe
Asia Pacific
Middle East and Africa
South America
Top players
Mars
Nestle
Colgate-Palmolive
Hills Pet
Iams (P&G)
Eukanuba (P&G)
Del Monte Foods
Diamond Pet Foods
Blue Buffalo
Heristo AG
Affinity Petcare SA
Find more reports related to food & beverage industry: http://www.expertmarketresearch.com/categories/food-beverages-market-reports
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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