I believe that buy and hold investing is one of the best ways to grow your wealth.

It can also be an effective way to generate passive income from the share market. Especially if you can find ASX dividend shares that have the potential to grow their payouts meaningfully over the long term.

With that in mind, let's take a look at two shares that analysts think could be great buy and hold picks for income investors. They are as follows:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that could be a great long term option for income investors is Accent Group.

It is a leisure footwear retailer with a dominant market position thanks to its significant store network across multiple brands. This includes The Athlete's Foot, Stylerunner, HypeDC, and Platypus.

It appears well-placed for long-term growth thanks to its growing footprint and the potential roll-out of the Sports Direct brand in Australia. Commenting on the company and its expansion opportunity, Bell Potter said:

Accent Group commands a dominant ~30% market share in the $3b Australian footwear retailing market, in addition to a broader opportunity given the expansion into the athleisure market via its own brands. We continue to view AX1 as a key pick in our retail sector coverage given their scale as Australia's market leader, growth adjacencies in both footwear/apparel from exclusive partnerships & TAF channel conversion and growing vertical brand strategy led by Nude Lucy.

We also view the strategic investment by Frasers Group (FRAS) in AX1 (~15%) and the recent board appointment as a step forward to unlocking the sizable store roll-out opportunity of FRAS's core Sports Direct banner in Australia.

For now, Bell Potter is forecasting fully franked dividends of 13.7 cents per share in FY 2025, 15.6 cents per share in FY 2026, and then 17.3 cents per share in FY 2027. Based on its current share price of $2.24, this would mean dividend yields of 6.1%, 7%, and 7.7%, respectively.

The broker has a buy rating and $2.75 price target on Accent's shares.

Domino's Pizza Enterprises Ltd (ASX: DMP)

Another top ASX dividend share that could be a great buy and hold option is pizza chain operator Domino's Pizza.

Its shares have been under significant pressure recently due to some poor decisions by management. But with a new strategy in place and a change of CEO, things are looking brighter.

Goldman Sachs thinks that this could make it a great time to pick up shares for the long-term and is forecasting some growing dividend yields. Commenting on the company, the broker said:

We have a Buy rating on the stock, as we believe management's focus on franchisee profitability through closure of 80/20-30 locations in Japan/France will help to material improve the quality of the network and help franchisee profitability. With COGs inflation moderating and the company focusing on execution of quality stores, we expect that store growth will be restored following a digestion period. DMP is trading at an undemanding PE valuation relative to its LT average and as such we believe the stock now offers an attractive entry point.

As for income, the broker is forecasting partially franked dividends of $1.13 per share in FY 2025, $1.36 per share in FY 2026, and then $1.62 per share in FY 2027. Based on the current Domino's share price of $29.47, this equates to dividend yields of 3.8%, 4.6%, and 5.5%, respectively.

Goldman has a buy rating and $39.10 price target on its shares.