insect-based dog food market
A wide range of insect-based ingredients are used as feeds for domesticated animals such as dogs due to their rich nutritional profile. considered a high-protein diet for Most of the insects used to make dog food have bioactive ingredients such as chitin, lauric acid, and antimicrobial peptides.These elements boost a dog’s immune system and prevent various diseases from occurring . Common insects used as dog food include housefly maggots, blacksoldier larvae, mealworms, locusts, silkworms, and crickets.
The global and US insect-based dog food market is estimated to boost growth at a CAGR of 9.7% during the forecast period 2022-2030. 2021 years.
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Key growth determinants and restraints
Rising trend of pet adoption across the globe and rising prevalence of various diseases in pet dogs are mainly enhancing the vertical prospects of this business.
The wide range of health benefits offered by insect-based dog foods and the increasing investment in research and development in this area have created a lucrative opportunity for the market to thrive.
In addition, the increasing trend of humanizing pets due to nuclear families is also giving impetus to the development of this industry.
Additionally, increasing focus of players to develop highly effective and flavorful insect-based dog food is boosting the growth of this market. In addition, increasing popularity of online sales channels and rising disposable income levels of pet owners are having a positive impact on the dynamics of this industry.
On the contrary, the lack of awareness regarding the benefits that insect-based dog foods offer hinders the range of rewards in this market.
Global and US Insect-Based Dog Food Market-Segmented Rating
By nature:
• organic
• Monoprotein
• Traditional
The organic segment is estimated to boost the market growth.
By source:
• Crickets
• Mealworms
• Black Soldier Flies
The cricket segment is estimated to boost the market growth.
Global and US Insect-Based Dog Food Market – Geographic Landscape
The major 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 projected to grow at a steady CAGR during the forecast period owing to the growing popularity of pets among younger generations.
Global and US Insect-Based Dog Food Market – Competitive Hierarchy
Major players in the market include JM Smucker Company. Hearts Mountain Corporation. Mars Inc.; Hill’s Pet Nutrition, Inc. Nestle Purina; Lupus Alimentos; Total Alimentos SA; Blue Buffalo Pet Products; Wellpet LLC;
Key questions answered in the report
• What is the estimated growth rate of the market during the forecast period?
• Which factors are driving the growth of the market?
• What are the reasons for the increasing popularity of the market?
• Who are the key players in the market?
• Which regions are estimated to boost the market growth during the forecast period?
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Main points of the report
• The global and US insect-based dog food market is estimated to boost growth at a CAGR of 9.7% during the forecast period 2022-2030. 2018-2021.
• Growing adoption of pets worldwide is increasing the demand for insect-based pet foods. It has also led to the growth of a trend of “humanizing pets” as individuals place equal importance on the health and well-being of their pets by providing them with special diets.
• Insect meals are typically very high in protein and their amino acid profile is generally very good for both cats and dogs, often closely matching fishmeal and poultry diets.
Major players in the market include JM Smucker Company. Hearts Mountain Corporation. Mars Inc.; Hill’s Pet Nutrition, Inc. Nestle Purina; Lupus Alimentos; Total Alimentos SA; Blue Buffalo Pet Products; Wellpet LLC;
The European region is estimated to witness huge growth in the market. This region is expected to grow at a healthy CAGR during the forecast period. The Asia-Pacific market is projected to grow at a steady CAGR during the forecast period.
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This release was published in openPR.
