The dog food and snacks market is expected to witness rapid growth by 2027 due to soaring product demand across the globe. Additionally, increasing availability of a wide range of food and snacks for dogs is likely to further propel market growth through the forecast timeframe.

Following the COVID-19 outbreak, stringent lockdown restrictions imposed by governments directed people to isolate indoors, thereby causing an upsurge in pet adoption across the globe. As a result, increasing pet ownership, coupled with rising spending capacity of consumers, has positively influenced industry expansion.

Moreover, industry players have been focusing on product development to extend their consumer reach, which has augmented market demand worldwide. For instance, in May 2021, Kabo, a Canadian direct-to-consumer dog food company, launched its Monch Bars as an all-natural protein snack.

For comprehensive assessment, the dog food and snacks market has been categorized in terms of raw material, product type, cost category, distribution channel, and region. With respect to raw material, the market has been divided into animal based and plant based.

In 2020, the plant-based sub-segment accounted for nearly 13.8% of the dog food and snacks market and is estimated to see notable growth over 2021-2027. The animal-based sub-segment is expected to progress at over 4.6% CAGR through the forecast period to attain a substantial valuation by the end of 2027.

Based on product type, the market has been segmented into wet food, dog food, dry food, and treat & mixers. In 2020, the dry food sub-segment contributed to more than 77.3% of the total market revenue and is speculated to see optimistic growth over 2021-2027.

The wet food sub-segment is projected to grow at a CAGR of approximately 4.8% over the forecast period. The treat & mixers sub-segment is foreseen to expand at a sizable rate to reach a notable valuation by 2027.

From the perspective of cost category, the market has been divided into mass/bulk pet food and premium pet food. In 2020, the premium pet food sub-segment accounted for around 22.8% of the dog food and snacks market. The mass/bulk pet food sub-segment is slated to expand at a CAGR of more than 4.4% over the analysis timeframe.

In terms of distribution channel, the market has been bifurcated into online sellers, specialized pet food shops, supermarkets/hypermarkets, and others. The online sellers sub-segment is calculated to grow at a CAGR of over 4.7% through the analysis period. In 2020, other distribution channels accounted for around 18.8% of the dog food and snacks market and are set to garner a considerable revenue by the end of 2027.

In the regional landscape, Europe accounted for around 29.8% of the global market in terms of revenue in 2020 and is estimated to amass profitable gains through 2027. In 2020, Asia Pacific held about 15.1% share in the overall market revenue and is calculated to progress at a steady CAGR through the assessment timeframe.

Latin America held a share of over 12.7% in the dog food and snacks market in 2020 and is anticipated to expand at a CAGR of approximately 4.0% over the estimated timeline. The Middle East & Africa dog food and snacks market is slated to showcase robust growth to reach a respectable valuation by the end of the forecast period.