Dog Food Toppers Market to Display Impressive Growth of 8.7% Through 2032 | New Opportunities Planning By Future Market Insights
The global dog food toppers market is estimated to expand at a CAGR of over 8.7% over the forecast period of 2022-2032, as per Future Market Insights (FMI). Sales in the market are estimated to be reach US$ 11,910.9 Mn by the end of 2032.
An increasing number of pet owners across the globe are frequently spending on premium products and services for their dogs’ well-being. Hence, with growing trend of pet humanization, the expansion of the dog food topper market is predicted to rise over the upcoming decade.
Further, expenditure on pet food includes, pet healthcare, and other associated costs. Hence, key players are introducing healthy and nutritional pet food products as per the pets’ requirement. They are also focusing on including customized products and developing liquid dog food toppers.
According to an independent study in 2018, in the U.S., pet expenditure has increased by more than 50% from 2013. The significant portion of the expenditure made was on pet food, where premium pet food with premium and good quality ingredients was frequently purchased, followed by other natural and generic food. The remaining expenses accounted for expenses made in pet supplies, veterinary, and pet services.
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Key Takeaways from the Dog Food Toppers Market Study
- Based on product type, dry topper segment is expected to witness incremental growth over the assessment period
- In terms of packaging type, the bags and pouches segment will register steady growth in the forthcoming decade.
- Hypermarkets and supermarkets are expected to hold a lion’s share in the dog food topper market during the forecast period.
- Based on sales channel, the online retailer segment is anticipated to rise at a rapid rate in the dog food toppers market.
“Dog food topper producers are developing strategies and collaborating with online sales channels to expand their product line. They are also introducing products with extended shelf life and customization to gain revenue.” Says an FMI analyst.
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Who is winning?
Leading manufacturers of dog food toppers are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of dog food toppers market globally.
Major players present in the dog food toppers market Stella & Chewy’s, The Honest Kitchen, Blue Buffalo Co., Ltd., Nature’s Variety, Merrick Pet Care, Inc., Castor & Pollux Natural Petworks, Mars Incorporated, Only Natural Pet, Petco Animal Supplies, Inc. (WholeHearted), Applaws Natural Cat and Dog and Cat Food, and Tiki Pets among others.
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Future Market Insights, in its new offering, provides an unbiased analysis of the global dog food toppers market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the dog food toppers market based on product type (dry topper and wet topper), packaging type (pouches, bags, can, and bottle & jars), packaging size (0-10, 10-20, and above 20), life stage (puppy & adult), sales channel (hypermarkets/supermarkets, convenience stores, pet specialty stores, independent grocery retailers, drugstores, online retailers, and others) across seven major regions
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