Therapeutic Dog Food Market To Reach $ 8,949.52 Million By 2028 – Exclusive Research By The Insight Partners


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Growing Adoption Of Dogs For The Pet Is Helping Growth In Therapeutic Dog Food Market

NEW YORK, USA, November 26, 2021 /EINPresswire.com/ – According to Insight Partners’ latest market research on “Therapeutic Dog Food Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by type and type of material, “the market is expected to reach US $ 8,949.52 million by 2028 against US $ 6,095.70 million in 2021; it is expected to grow at a CAGR of 5.6% from 2021 to 2028.

Strategic perspectives:

Report Coverage (Details)
Market Size Value in ($ 6,095.70 million in 2021)
Market Size Value By ($ 8,949.52 Million by 2028)
Growth rate (5.6% CAGR from 2021 to 2028)
Forecast period (2021-2027)
Baseline year (2021)
Number of pages (148)
Number of Tables (55)
Segments covered (by product, application and geography)
Regional scope (North America; Europe; Asia-Pacific; Latin America; MEA)
Scope of country (United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina)
Report Coverage (Revenue Forecast, Company Rank, Competitive Landscape, Growth Factors & Trends)

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Therapeutic dog food is specially formulated to help in the management of various diseases and conditions. These diets are also prescribed in the treatment of itchy skin, digestive problems, obesity, allergies, and heat-related illnesses, among others. Pet food manufacturers are increasingly changing their product variations, making them suitable for the welfare of pets.

Growing Adoption of Companion Dogs to Drive Therapeutic Dog Food Market Growth

Dogs are considered an ideal companion for humans because they have a significant impact on the life of their owner. They promote an active lifestyle and can detect impending seizures long before they actually occur. Pets contribute to children’s social, emotional and cognitive development, in addition to helping adults relieve stress and anxiety. Research studies have shown that dog owners have a 36% lower risk of dying from cardiovascular disease and 11% lower risk of having a heart attack. According to the American Pet Products Association’s 2019-2020 survey, approximately 63.4 million households own at least one dog in the United States. In addition, according to FEDIAF, the body representing the European pet food industry, the popularity of dogs is increasing in the region; the number of companion dogs in the EU increased from 63.7 million in 2016 to 66.4 million in 2017. According to the 2019 Animal Welfare Report (PAW) of the People’s Dispensary for Sick Animals (PDSA) , around 50% of the UK population owns a pet, with an estimated population of 9.9 million pet dogs. 26% of adults in the country own a dog. Thus, a growing preference for dogs as a companion is fueling the growth of the therapeutic dog food market.

Rising Prevalence of Chronic Diseases in Dogs Significantly Contributes to the Growth of Therapeutic Dog Food Market

Just like humans, animals also suffer from chronic illnesses. Arthritis, chronic kidney disease, cancer, hepatitis and other liver diseases, skin allergies, and diabetes are chronic illnesses commonly found in pets. Cancer is common in animals and also affects dogs. According to the Veterinary Cancer Society, the disease is a leading cause of death in 47% of dogs, especially dogs over the age of 10. What’s more, according to the facts and figures about pet cancer, one in four dogs will develop cancer in their lifetime. According to the Association for Pet Obesity Prevention (APOP), approximately 55.8% of dogs in the United States were overweight or obese in 2018. According to the Arthritis Foundation, approximately 20% of all adult dogs have arthritis. Such an increasing prevalence of chronic disease has become a major concern among dog owners, underscoring the demand for proper care. So, with the increasing prevalence of chronic disease in dogs, companies are focusing on offering advanced therapeutic food products to help dog owners maintain the overall health of their pets.

Impacts of COVID-19 on the Therapeutic Dog Food Market

COVID-19 started in Wuhan, China in December 2019 and since then it has spread at a rapid rate across the world. The United States, India, Brazil, Russia, France, United Kingdom, Turkey, Italy and Spain are among the most affected countries in terms of confirmed cases and reported deaths. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans and business closures.

Get the latest COVID-19 Analysis in Therapeutic Dog Food Market at: https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00023444

Based on product type, the global therapeutic dog food market is segmented into dry food, wet / canned food, snacks / treats, and others. In 2020, the dry food segment held the largest share of the market. Furthermore, the snack / treat segment is expected to register the highest market CAGR between 2021 and 2028. Dry foods are perceived to be beneficial for their dental health.

Therapeutic Dog Food Market: Competitive Landscape and Key Developments

Mars, incorporated; Nestle; Hill’s Pet Nutrition, Inc .; The JM Smucker Company; GENERAL MILLS, INC. ; ANIMONDA; PET DARWIN; SCHELL & KAMPETER, INC. ; AFFINITY PETCARE SA; Beaphar; and WellPet are among the key companies operating in the therapeutic dog food market.

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In July 2021, General Mills acquired the pet treats business from Tyson Food for US $ 1.2 billion in cash. The company, which includes the Nudges, Top Chews and True Chews product categories, is a leader in the industry of natural meat treats for pets.

In August 2021, WellPet, LLC announced several new pet foods and treats, including formulations for older puppies, kittens and pets.

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The Insight Partners is the industry’s unique research provider for actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Health Informatics, Manufacturing & Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.

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Therapeutic Dog Food Market Growing at 5.6% CAGR – Says, The Insight Partners



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