Canned Dog Food Market Forecast and CAGR
A recent study by Fact.MR on the canned dog food market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of canned dog food.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the study.
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What is Driving Demand for Canned Dog Food Market?
Canned dog food sources contains rich wellspring of proteins and is lower in carbs as contrasted and dry dog food items. It also contains high water content which helps in expanding the general liquid admission by pets moreover with keeping the pet’s kidneys and bladder sound. Likewise, in canned dog food items the fixings present are all the more handily processed and used by the pets.
Canned dog food is altogether high in moisture content when compared with dry or semi-sodden dog food items. Canned dog food is cleaned by utilizing different sterilization techniques that helps in inactivating growth of microorganisms present containers. Canned dog food is handled in conformance with low corrosive canned food guidelines which guarantees that dog food is free from practical microorganisms.
However, canned dog food is more costly when contrasted with dry food because of the sanitization interaction utilized for pet food items to deactivate the development of microorganisms present in the compartment.
Whether Increasing Popularity of Canned Food will Erode Demand for Fresh Dog Food?
Canned diet for dogs contain more meat than that of kibble diet, which is the reason they are normally more costly. This is the main factor why caned for foods are becoming more popular among petting community across globe. On the other hand, dog food marks on dry food varieties are misleading. Which may eventually result in customer making wrong buying decision in choosing food with proper protein content.
There is one exemption with regards to canned food additives – BPA and BPS. These synthetic compounds line most pet food jars, keeping the acidic substance from filtering metals from the can itself into the food after some time.
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Impact of Pandemic on Canned Dog Food Market
Burden of lockdown has brought about keeping occupants at home. These has brought about expanded adoption pace of pets especially dogs in nations with high emotional independence record. Pet shelter house in US are running out of pets with massive surge in demand for pets. To be definite during April-December 2020 pet adoption rate in western nations hopped over 35%.
Rising interest for pet has additionally brought about giving various market freedoms to pet extras and food items. With soaring pet adoption rate and increasing enthusiastic connection with pets has brought about ascending demand for food and other necessary product for pets. Similarly, demand for canned dog food is experiencing surge in demand amidst lockdown in regional and national level.
Canned Dog Food Market: Regional Outlook
North America dominates in terms of demand for canned dog food followed by Europe based market. US and Mexico are considered as most important countries with rising dog adoption rate, supported increasing disposable income of resident in these region. Furthermore, increasing concern of pet owners towards quality of food and process of making it will result in providing numerous market opportunities for canned dog food market during forecast period.
On the other hand, developing countries in Asia Pacific region like India and China are seen as market growing with faster rate as compared to global average growth rate. These is due to the fact that dog adoption rate in these countries is surging over 15% on an annual basis. Aforementioned, factors coupled with increasing standard of living is facilitating tons of opportunity for canned dog food in these region.
Who are the Prominent Manufacturers and Suppliers of Canned Dog Food?
Some of the leading manufacturers of device include Nestlé
- Purina PetCare Company
- Inaba-Petfood Co.
- De Haan Petfood
- Schell & Kampeter
- Mars Incorporated
- Dave’s Pet Food
- Promeal (Pty) Ltd.
- WellPet LLC
- Blue Buffalo Co.Ltd.
- Cambrian Petfood
The organizations are required to grow their business by improving their item portfolio in worldwide canned dog food market. Globally established players are projected to outline certain regional companies in future to acquire the upper hand in worldwide canned dog food market during the forecast period 2021-2031.
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