Global Pet Food Processing Market is projected to grow at a significant CAGR from 2017 to 2025
Increased adoption of pets by individuals has led to an increase in demand for pet food, thereby, promoting the pet food processing market. Manufacturers of pet food want new and advanced pet food processing machineries in order to maximise profits and productivity. Increased processed and packaged pet food consumption by pets due to its nutritional properties is what is driving this market forward. By product, the pet food processing market is segmented into mixing & blending equipment, forming equipment, baking & drying equipment, among others. The forming equipment segment is expected to grow at the fastest rate in the upcoming years. Forming equipment includes extruders, moulders, sheeters, dividers, slicers, and cutters, among others. Baking and drying equipment include thermal processing equipment such as dryers and ovens, they are the immediate equipment required to cook and dry pet food products. The baking and drying segment holds majority of the market share currently. New technology, automation of processing machines, etc. are creating further demand.
The report is designed to provide a complete view on the global Pet Food Processing market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Pet Food Processing market has been studied considering a short term forecast of the factors/ variables which have an impact on Pet Food Processing market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Awareness of different nutritional requirements of different pets, rise in number of pet adoptions, and increasing disposable income of individuals among others are influencing the growth for pet food processing market.
Study Technique: Global Pet Food Processing Market
The global Pet Food Processing market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Pet Food Processing market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Pet Food Processing, and customer analytics.
Global Pet Food Processing Market Segmentation
The pet food processing market by animal can be segmented into dogs, cats and other animals. The dog food segment captures maximum market share currently followed by the cats and other animals segment. The development of more innovative and healthier options of pet food is expected to bring in large investments to improve the existing technology as well as to increase market demand for pet food and pet food processing equipment/ products.
End-User Landscape (Consumer Profile): Pet Food Processing Market
Companies such as Buhler Holding AG, The Middleby Corporation, Baker Perkins Ltd., Andritz Group, and Meyer Industries, Inc., among others are investing extensively in the manufacturing and sale of Pet Food Processing, which presents a huge opportunity to Pet Food Processing suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Buhler Holding AG, The Middleby Corporation, Baker Perkins Ltd., Andritz Group, Meyer Industries, Inc., and Clextral SAS, among others account for the major share in Pet Food Processing market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: F. N. Smith Corporation, Coperion GmbH, Mepaco Group, and Markel Food Group.
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