10-Feb-2020 | Facts and Factors
Facts and Factors have authored “Pet Food Processing Market By Equipment (Mixing & Blending, Forming, Baking & Drying, Coating, Cooling, & Others), By Form (Wet & Dry), By Application (Dog Food, Cat Food, Fish Food, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”. Based on our analysis, the global Pet Food Processing market in 2020 is approximately USD 4.5 Billion and is anticipated to reach around USD 7.1 Billion by 2026. The anticipated CAGR for the global Pet Food Processing market is around 4.9% from 2021 to 2026.
Pet food is basically made from plants or animals for pets. Pet food is sold in pet stores and supermarkets. Some of the common pet foods are fish food, dog food, cat food, etc. The meat used in pet consumption is usually a by-product of the human food industry. The pet food processing market is currently booming due to the increasing adoption of animals by humans.
Browse the full “Pet Food Processing Market By Equipment (Mixing & Blending, Forming, Baking & Drying, Coating, Cooling, & Others), By Form (Wet & Dry), By Application (Dog Food, Cat Food, Fish Food, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026" report at https://www.fnfresearch.com/pet-food-processing-market-report
Drivers of global Pet Food Processing Market:
- Rising acceptance of pets across various regions along with the growing trend of product premiumization amid pet food producers are primary factors that attribute to the growth of the global Pet Food Processing market during the forecast period.
- Additionally, the inclination toward high-quality commercial pet food products and the increasing purchase of pet foods across the globe is anticipated to propel the Pet Food Processing market.
- Furthermore, the advancement in the processing equipment manufacturers for more specialized and innovative machinery for pet food manufacturing is expected to fuel the market growth during the forecast period.
Market Dominance:
- A rising trend such as the adoption of dogs as a companion for families is anticipated to increase the demand for pet food across regions. In addition, the growing trend of pet humanization is expected to fuel the demand for supreme quality dog food products, thereby contributing to the growth of the overall global Pet Food Processing market.
- In the form segment, Dry category is projected to account for the majority of the market share of the global Pet Food Processing market during the forecast period due to the convenience in terms of storage and pet feeding without any mess. Dry pet food sales are higher in developing regions such as China, Russia, and Poland owing to its cost-effectiveness and easy availability that too in bulks. Moreover, the increasing use of extrusion technologies helps increase the demand for dry pet food production which, in turn, drives the demand for pet food processing solutions.
- The forming equipment segment is estimated to dominate the pet food processing market during the forecast period. The reason behind the growth is the sudden shift toward the use of extrusion-based manufacturing in the pet food sector.
Regional Dominance:
The North American market is projected to dominate the market during the forecast timeframe owing to the rising trend of adoption of pets as a family member. Thus, the increasing population of pets is thereby propelling the demand for pet food products. The growing concerns among pet owners about pet health, high-quality food products, and food safety standards are projected to encourage the growth of the global Pet Food Processing market in North America.
Key Players:
The key market participants for the global pet food processing market are ANDRITZ, GEA Group, Buhler Holding AG, The Middleby Corporation, Baker Perkins LTD, Precision Food Innovations, Clextral SAS, Reading Bakery Systems, Mepaco Group, Precision Food Innovations, F.N. Smith Corporation, Selo, and Coperion GMBH, among others.
The taxonomy of the Pet Food Processing Market by its scope and segmentation is as follows:
Global Pet Food Processing Market: By Equipment Segment Analysis
- Mixing & Blending
- Forming
- Baking & Drying
- Coating
- Cooling
- Others
Global Pet Food Processing Market: By Form Segment Analysis
Global Pet Food Processing Market: By Application Segment Analysis
- Dog Food
- Cat Food
- Fish Food
- Others
Global Pet Food Processing Market: By Regional Segmentation Analysis
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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