Insect based dog food market
A wide range of insect-based components are used as feed for fed animals such as dogs due to their rich nutritional profile. These feeds are considered high-protein meals for animals because they are made from the combination of additives and other raw materials. Most insects used to make dog food possess bioactive components such as chitin, lauric acid, and antimicrobial peptides. These elements strengthen the immune system of dogs, thereby preventing the occurrence of various diseases. Some of the most common insects used as dog food include housefly maggots, black sol-dier fly larvae, mealworms, grasshoppers, silkworms, and crickets, among others.
It is estimated that the global and US insect-based dog food market will grow at a CAGR of 9.7% during the forecast period, 2022-2030. The market showed healthy growth even in the previous forecast period of 2018 to 2030 in 2021.
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Important growth factors and obstacles
The growing trends of pet adoption around the world and increasing prevalence of various diseases in pet dogs are improving the prospects of this industry in the first place.
The wide range of health benefits offered by insect-based dog food and the increasing investment in research and development in this area create lucrative opportunities for the market to thrive.
Also, the increasing trends towards humanization of pets due to the rapid increase in the number of nuclear families are adding impetus to the progress of this industry.
Furthermore, the increasing focus of players on developing highly effective and palatable insect-based dog food is fueling the growth of this market. In addition, the growing popularity of online sales channels and the increasing disposable income of pet owners are positively affecting the dynamics of this industry.
On the contrary, a lack of knowledge about the benefits of insect-based dog food hinders this market’s scope for compensation.
Global & US Insect Based Dog Food Market – Segmental Assessment
Naturally:
• Organic
• Monoprotein
• Conventional
It is estimated that the organic segment will fuel the growth of the market.
By source:
• Grilling
• Mealworms
• Black Soldier Fly
It is estimated that the crickets segment will fuel the growth of the market.
Global and United States Insect Based Dog Food Market – Geographical Landscape
The main regions that make up the geographic scope of this vertical business are North America, Middle East & Africa, Europe, Asia Pacific and Latin America. The Asia Pacific market is expected to grow at a steady CAGR over the forecast period as pets become more popular among the younger generation.
Global and United States Insect Based Dog Food Market – Competitive Hierarchy
Major companies in the market include The JM Smucker Company; The Hartz Mountain Corporation; Mars Incorporated; Hill’s Pet Nutrition, Inc.; Nestlé Purina; lupus alimentos; Total Alimentos SA; Blue Buffalo Pet Products, Inc.; WellPet LLC; Diamond Pet Foods and so on.
Important questions answered in the report
• What is the estimated growth rate of the market during the forecast period?
• What are some of the factors driving the growth of the market?
• What is the reason for the increasing popularity of the market?
• Who are some of the key players in the market?
• Which region is expected to drive the growth of the market during the forecast period?
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Key takeaways from the report
• The insect-based dog food market is estimated to grow at a CAGR of 9.7% in global and US during the forecast period 2022-2030. The market showed healthy growth even in the previous forecast period 2018 to 2021.
• Increasing adoption of pets around the world is driving demand for insect-based pet foods. It has also led to the growth of the “pet humanization” trend, due to which individuals give equal importance to their pet’s health and well-being by offering them special diets.
• Insect meal is typically very high in protein and its amino acid profile generally performs very well for both cats and dogs, often on par with fishmeal and poultrymeal.
Major companies in the market include The JM Smucker Company; The Hartz Mountain Corporation; Mars Incorporated; Hill’s Pet Nutrition, Inc.; Nestlé Purina; lupus alimentos; Total Alimentos SA; Blue Buffalo Pet Products, Inc.; WellPet LLC; Diamond Pet Foods and so on.
It is estimated that the European region will see immense market growth. The region is expected to grow at a healthy CAGR of over the forecast period. The Asia Pacific market is expected to grow at a steady CAGR during the forecast period.
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