Pet Food Processing - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Pet Food Processing market is accounted for $4.19 billion in 2018 and is expected to reach $7.07 billion by 2027 growing at a CAGR of 6.0% during the forecast period. Some of the key factors propelling the market growth are rising growth of premiumization across the pet food category and order for extruded products. However, depreciating processing capability of kit is the restraining factor for the growth of the market.
Pet foodstuff is plant or animal material intended for consumption by pets in general sold in pet preserve and super markets; it is usually specific to the type of animal, such as dog food or cat food. Most meat used for nonhuman animals is a by product of the human food industry, and is not regarded as "human grade"
By application, dog food segment is expected to grow at the significant market share during the forecast period due to the increasing dog population across regions. The increasing trend of pet humanization has also encouraged dog owners to accept them as companions due to their friendliness, which is projected to drive the demand for premium dog food products, thus contributing to the growth. On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to increasing trend of adopting pets as a family member, which leads to a major rise in the pet population, thereby driving the demand for pet food products. Companies such as Middle by Corporation (US), Mepaco Group (US), and Reading Bakery Systems (US), are the key players operating in this market and focus on catering to the demands of pet food processors in North America.
Some of the key players in Pet Food Processing Market include Andritz Group, Baker Perkins LTD, Buhler Holding AG, Clextral SAS, Coperion GmbH, F.N. Smith Corporation, Fusion Tech Integrated, Inc, GEA Group, Gold Peg International Pty LTD, Jinan Darin Machinery Co. LTD, Mepaco Group , Precision Food Innovations, Probake, Reading Bakery Systems, Selo and The Middle by Corporation.
• Baking & Drying Equipment
• Coating Equipment
• Cooling Equipment
• Forming Equipment
• Mixing & Blending Equipment
• Other Types
• Nutritional Food
• Veterinary Diet
Sales Channels Covered:
• Specialized Pet Shops
• Online Stores
• Grocery Stores
• Fish Food
• Cat Food
• Dog Food
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Supply chain trends mapping the latest technological advancements
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