Hypoallergenic Dog Food Market To Witness Exponential Growth, Expected to Hit US$ 22 Billion by 2032 at 4.1% CAGR
In 2022, the global hypoallergenic dog food market is projected to be worth US$ 14.7 billion. Based on a comprehensive industry study, the global market for hypoallergenic dog food is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2032, with a projected value of US$ 22 billion.
The increasing needs of dog owners are driving up demand for hypoallergenic dog food. Between 2022 and 2032, sales of hypoallergenic dog food are expected to increase by 1.5 times.
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Concerns about the well-being of dogs are driving dog owners to invest significantly in high-quality, nutritious dog food. They're increasingly attentive to their pets' intolerances and allergies, seeking out specialized food products tailored to their needs. In the past eight years alone, the demand for hypoallergenic food blends has surged by over 75%, with expectations of further growth in the future.
In recent years, there has been a notable shift in consumer purchasing patterns, with a growing inclination towards buying dog food online to streamline the shopping process. Around 63% of consumers now favor purchasing these products directly from the websites of their preferred brands or companies.
Key Takeaways from Market Study
- The hypoallergenic dog food market is anticipated to add 1.5X value by 2032.
- Wet dog food accounts for nearly two-third of the global market share and is likely to generate an absolute dollar opportunity of around US$ 5.6 Bn over 2022-2032
- Among the life stages, senior dogs has been the fastest-growing segment at 5% CAGR
- The North America Demand of Hypoallergenic Dog Food for Seniors set to dominate, where the United States holds more than 85% market share.
- The Indian market is expected to dominate the South Asia and Oceania region with nearly half of the total market share.
Moreover, there has been increased awareness and transparency regarding limited ingredient diets, aimed at addressing dog allergies. Veterinary statistics reveal that roughly 20% to 30% of dogs are being diagnosed with conditions such as allergic skin disease, pruritus, and atopic dermatitis, prompting a heightened demand for more specialized dietary options.
The global sales of hypoallergenic dog food surged during the Covid-19 pandemic due to store closures, sparking heightened interest among dog owners. According to sales channel data, offline purchases of dog food from pet stores saw a significant growth of 13.7% during the pandemic period.
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Competitive Landscape:
The hypoallergenic dog food market on a global scale is fiercely competitive, with numerous companies vying for market share. Key players hailing from Germany, China, and the United States enjoy a competitive edge owing to technological advancements, substantial investments, and access to natural resources.
For example:
In June 2021, Nestlé Purina Pet Care announced a $182 million investment to expand its manufacturing operations in King William County, catering to the increasing demand from consumers.
In December 2021, J M Smucker divested its private label pet food business to Diamond Pet Foods. This strategic move allowed the company to concentrate its investments and resources on its core pet food and pet snacks business.
Hypoallergenic Dog Food Industry Research Segments:
- Hypoallergenic Dog Food Market by Product Type :
- Dry Hypoallergenic Dog Food
- Wet Hypoallergenic Dog Food
- Hypoallergenic Dog Food Market by Life Stage :
- Hypoallergenic Dog Food for Puppies
- Hypoallergenic Dog Food for Adults
- Hypoallergenic Dog Food for Seniors
- Hypoallergenic Dog Food Market by Diet Type :
- Hydrolyzed Protein Diets
- Novel Ingredients
- Limited Ingredients
- Hypoallergenic Dog Food Market by Sales Channel :
- Offline Sales of Hypoallergenic Dog Food
- Hypermarkets/Supermarkets
- Pet Stores
- Veterinary Clinics
- Others
- Online Sales of Hypoallergenic Dog Food
- Brand/Company Websites
- E-commerce Websites
- Offline Sales of Hypoallergenic Dog Food
- Hypoallergenic Dog Food Market by Region :
- North America Hypoallergenic Dog Food Market
- Latin America Hypoallergenic Dog Food Market
- Europe Hypoallergenic Dog Food Market
- East Asia Hypoallergenic Dog Food Market
- South Asia & Oceania Hypoallergenic Dog Food Market
- MEA Hypoallergenic Dog Food Market
Recent events, such the strategic divestment by J M Smucker and the expansion investment by Nestlé Purina Pet Care, highlight how dynamic the market is and how businesses are utilizing strategic moves to take advantage of new opportunities. The need for hypoallergenic dog food is anticipated to persist as consumer knowledge of pet health and nutrition rises, further stimulating competition and innovation in the sector.
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