The pet food market is a sizable global industry that has been expanding steadily in recent years. The global pet food industry, which was estimated to be worth $87.08 billion in 2018 by Grand View Research, is predicted to rise at a CAGR of 3.4% between 2018 and 2025 to reach a value of $113.08 billion. The industry is fueled by rising pet adoption, shifting consumer tastes, and the expanding humanization of pets trend.
The safety of pet food has, however, been a source of controversy and worry for the business. The connection between specific dog meals and pet fatalities is among the most urgent problems. The FDA issued a warning regarding specific dog food products in 2019 after incidents of canine dilated cardiomyopathy (DCM) were connected to them. Popular names including Acana, Zignature, and Taste of the Wild were among the brands. Not all dog foods from these brands were allegedly contaminated, and the inquiry is still ongoing.
Some brands continue to rule the market despite these worries. Purina Dog Chow, Pedigree, and Blue Buffalo are the top-selling dog food brands in the US, according to Statista. Some of the biggest food corporations in the world, like Nestle and Mars, are the owners of these brands. The pet food industry contributes significantly to food companies’ overall revenue, to be specific. Purina and Friskies are only two of the pet food brands owned by Nestle, the biggest food manufacturer in the world. Nestle recorded revenue of CHF 92.6 billion (about $95.8 billion) in 2019, with its pet care division accounting for 15% of the amount. The companies Mars Petcare, Hill’s Pet Nutrition, and Colgate-Palmolive are other significant players in the market.
Making homemade dog food might be a good alternative for pet owners who are concerned about the safety and quality of commercial pet food. The homemade dog food must, however, be balanced nutritionally and fulfill the dog’s dietary requirements. An adequate source of protein, carbs, fats, vitamins, and minerals should be present in a homemade dog food. To create a balanced recipe, it is advised to speak with a veterinarian or veterinary nutritionist.
In conclusion, the pet food market is a sizable global industry that will expand over the next few years. Although certain products raise questions about their quality and safety, the industry is dominated by well-known and reliable names. It is vital for pet owners who prefer homemade dog food to make sure that it is properly balanced and satisfies the dog’s dietary requirements.