Insect-Based Dog Food Market Analysis, Trends and Dynamic Demand by Forecast 2016 to 2030 – Digital Journal

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A wide range of insect based components are used as feed for fed animals like dogs due to their rich nutritional profile. These feeds are regarded as high protein meals for animals as they are made with the combination of additives and other raw materials. Most of the insects used for make dog food possess bioactive components such as chitin, lauric acid, and antimicrobial peptides. These elements boost the immune system of dogs thereby preventing the occurrence of various ailments. Some of the common insects used as dog feed are house fly maggots, black sol-dier fly larvae, mealworms, locusts, silkworms, and crickets, among others.
It is estimated for the global and United States insect-based dog food market to boost growth at a CAGR of 9.7% during the forecast period of 2022 to 2030. The market witnessed growth at a healthy rate even during the previous forecast period of 2018 to 2021.
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Key growth determinants and restraints
The growing trends of pet adoption worldwide and rising prevalence of various ailments among pet dogs are primarily augmenting the outlook of this business vertical.
The wide array of health benefits offered by insect based dog food and increasing R&D investments in the field are creating lucrative opportunities for the marketplace to prosper.
Also, rising trends of pet humanization due to the rapid increase in the number of nuclear families is adding momentum to the progression of this industry sphere.
Furthermore, surging focus of players to develop highly effective and flavorful insect based dog feed is bolstering the growth of this market. Besides, growing popularity of online sales channels and rising disposable income level of pet owners are positively influencing the dynamics of this industry.
On the contrary, lack of cognizance regarding the advantages offered by insect based dog food is hindering the remuneration scope of this market.
Global and United States Insect-based Dog Food Market – Segmental Assessment
By Nature:
It is estimated for the organic segment to boost the growth of the market since organic dog food do not contain any toxic chemicals or additives.
By Source:
It is estimated for the crickets segment to boost the growth of the market.
Global and United States Insect-based Dog Food Market – Geographical Landscape
The major regions constituting the geographical ambit of this business vertical are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. The market in Asia Pacific is projected to grow at a stable CAGR during the forecast period due to rising popularity about pets among the younger generation.
Global and United States Insect-based Dog Food Market – Competitive Hierarchy
The major companies in the market include The J.M. 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.
Key questions answered in the report
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Key takeaways from the report
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