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The Russia pet food market size is forecast to increase by USD 701.2 million at a CAGR of 3.3% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Dry pet foods have gained significant popularity among individuals responsible for the care of dogs and cats in Russia. The convenience and practicality of dry pet foods, including their ease of transportation and extended shelf life compared to wet pet foods, make them a preferred choice for many pet owners. These foods are typically rich in seed-based and grain-based proteins, providing essential nutrients for pets. However, the dry pet food market faces challenges related to nutritional adequacy and safety concerns. The recurrence of health warnings and an increasing number of recalls have raised questions about the quality of dry pet foods.
However, to address these challenges, companies are offering dry pet foods in a variety of convenient packages, such as stand-up zip lock pouches, to cater to the demands of pet owners. Ensuring nutritional adequacy and safety remains a top priority for manufacturers to maintain the trust and confidence of their customers. Dry pet food recipes continue to evolve, offering a wide range of varieties to meet the diverse nutritional needs of dogs and cats.
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The dry pet food segment was valued at USD 2.27 billion in 2018 and showed a gradual increase during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising awareness of pet nutrition is the key driver of the market.
Growing demand for organic pet food is the upcoming trend in the market.
Companies scaling back production and investments is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market caters to the nutritional adequacy of dogs and cats, ensuring they receive a balanced diet for their physical and mental well-being. Individual pet owners seek convenient, nutritionally complete options to meet their pets' energy requirements, including proteins, carbohydrates, essential vitamins, and minerals. Pet food comes in various textures and recipes, such as wet and dry, to cater to individual preferences. Wet pet food provides essential hydration, while dry pet food offers convenience and longer shelf life. Nutritional value is a significant concern, with pet owners looking for nutrient requirements based on age, activity levels, and health conditions.
Furthermore, quality and safety are essential factors in pet food selection. Regulatory requirements ensure safety checks, while added vitamins and minerals contribute to complete and balanced formulas. Sustainability is also a growing concern, with pet food manufacturers focusing on animal-based and plant-based products. Pet satisfaction is crucial, with tasty and appealing recipes essential for maintaining a bond between pet lovers and their pets. Essential nutrients, including proteins, essential fatty acids, and amino acids, are vital for maintaining physical health and mental activity. Nutritional supplements and premixes may be added to enhance the nutritional value of pet food, while regulatory requirements ensure the safety and quality of these additives. The cooking process and price point are also essential considerations for pet owners.
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Market Scope |
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Report Coverage |
Details |
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Page number |
117 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.3% |
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Market Growth 2024-2028 |
USD 701.2 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
3.1 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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