Pet Food Processing Market by Type (Mixing & Blending Equipment, Forming Equipment, Baking & Drying Equipment, Cooling Equipment, Coating Equipment), Form (Dry, Wet), Application (Dog Food, Cat Food, Fish Food), and Region – Global Forecast to 2026

2020-01-30
Price :
Published : Jan-2020
No. of Pages : 168

“Increasing pet adoption and pet acceptance are factors projected to drive the market growth.”

The global pet food processing market size is projected to grow from USD 4.4 billion in 2019 to USD 6.2 billion by 2026, recording a CAGR of 5.0% during the forecast period. The increasing trend of pet adoption and rising acceptance of pets across regions due to the increasing disposable income are the key factors that are projected to drive the growth of the pet food processing market. In addition, the introduction of new technologies in the pet food sector also provides growth opportunities for the growth of the pet food sector. Due to the increasing demand for nutrition-rich pet food, manufacturers are focusing on investing in new ingredients. This has further increased the demand for specialized equipment and is projected to drive the growth of the pet food processing market globally. However, the depreciation of processing equipment for pet food production over the years is a key factor that is projected to inhibit the growth of the market.

“The forming equipment segment is projected to dominate the market during the forecast period.”

Forming equipment form the base for pet food production. The extrusion technology is a part of forming equipment and crucial for advanced pet food processing. Companies are increasingly investing in new and innovative extrusion solutions. With the ever-changing consumer demand for different pet food products, the demand for extrusion equipment is projected to remain high. This trend of extrusion-based manufacturing in the pet food sector is projected to drive the demand for forming equipment. Thus, this segment is projected to dominate the market during the forecast period.

“The wet form of pet food is projected to grow at a higher growth rate during the forecast period.”

Wet pet food comprises high moisture content and has a high amount of essential proteins. It includes canned food, semi-moist, and gravy treats for pets. Although wet pet food is comparatively less economical, increasing awareness among pet owners about high-quality nutrient-rich pet food products and the increasing trend of pet food product premiumization are factors that are projected to drive the growth of the wet segment during the forecast period.

“The Asia Pacific region is projected to be the fastest-growing market during the forecast period.”

The Asia Pacific region projected to grow at the highest CAGR between 2019 and 2026.The rising urbanization across the developing countries in this region is a key factor that is projected to drive the demand for pet food products. The increasing demand for pet food in the Asia Pacific region is also projected to create growth opportunities for pet food processing manufacturers in this region. The growth is attributed to the increasing investments in the pet food industry and the growing pet food sector in countries such as China, India, Japan, and Thailand.

In-depth interviews were conducted with CXOs, managers, and key executives from various key organizations operating in the pet food processing market.

  • By Company Type: Tier 1: 30%, Tier 2: 45%, and Tier 3: 25%
  • By Designation: Managers:55%, CXOs: 30%, and Executives: 15%
  • By Region: Asia Pacific: 42%, Europe: 25%, North America: 17%, South America:8%,and RoW: 8%

The pet food processing market comprises major players, such as Andritz Group (Austria), Buhler Holding AG (Switzerland), The Middleby Corporation (US), GEA Group (Germany), Baker Perkins Ltd. (UK), Clextral SAS (France), Precision Food Innovations (US), Mepaco Group (US), Coperion GMBH (Germany), F.N. Smith Corporation (US), Reading Bakery Systems (US), and Selo (Netherlands).The study includes an in-depth competitive analysis of these players in the pet food processing market, with their company profiles, recent developments, and the key market strategies.

Research Coverage

The study covers the pet food processing market and aims at estimating the market size and its growth potential across different segments, such as application, form, type, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall pet food processing market and sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.

Filed in: Food & Beverage
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Food & Beverage Metal Cans Market by Material (Aluminum and Steel), Type (2-Piece and 3-Piece), Degree of Internal Pressure (Pressurized Cans and Vacuum Cans), Application (Food and Beverages), and Region – Global Forecast to 2025

 “The food & beverage metal cans market is projected to grow at a CAGR of 6.1% in terms of value.” According to MarketsandMarkets, the global food & beverage metal cans market is estimated to be valued at USD 27.6 billion in 2020 and is projected to reach USD 37.0 billion by 2025, recording a CAGR of 6.1%. Factors such as the growing demand for ready-to-eat snacks and canned food & beverages across the globe are associated with the growth of the metal cans market in the food & beverage industry. “By material, the aluminum segment accounted for the larger share in 2018.” The aluminum segment accounted for a major share in the global food & beverage metal cans market, on the basis of material, in 2018. Aluminum is majorly used as a raw material in the ma......
$4950

Enzymes Market by Product Type (Industrial enzymes and Specialty enzymes), Source (Microorganism, Plant, and Animal), Type, Industrial Enzyme Application, Specialty Enzymes Application, and Region – Global Forecast to 2025

“The enzymes market is projected to grow at a CAGR of 6.7% during the forecast period.” According to MarketsandMarkets, the enzymes market is estimated to be valued at USD 10.0 billion in 2019 and is projected to reach USD 14.7 billion by 2025, recording a CAGR of 6.7%, in terms of value. Factors such as the increasing environmental concern among people and the rising demand for biofuel are projected to drive the growth of the enzymes market during the forecast period. However, the growth of the enzymes market is inhibited by factors, such as the adherence to the international regulations imposed by different governing agencies. In addition, the lack of uniformity in the regulatory structure for the use of industrial enzymes inhibits the growth of this market. “By product type,......
$4950

Personalized Nutrition Market by Product Type (Active measurement, Standard measurement), Application (Standard supplements, Disease-based), End Use (Direct-to-consumer, Wellness & Fitness centers, Hospitals & Clinics), and Region – Global Forecast to 2025

“Increase in consumer preferences due to the rise in health awareness to drive the market growth for personalized nutrition.” The global personalized nutrition market size is projected to grow from USD 8.2 billion in 2020 to USD 16.4 billion by 2025, recording a compound annual growth rate (CAGR) of 15.0% during the forecast period. The increase in awareness pertaining to the benefits of consuming nutrients has encouraged consumers to opt for a more personalized approach. The growing awareness among consumers has led to an increase in acceptance of products with high nutritional value, which is projected to drive the demand for personalized nutrition. In addition, technological advancements and the rise in investments and collaborations by key players in the personalized nutrition m......
$5650

Food Encapsulation Market by Shell Material (Polysaccharides, Emulsifiers, Lipids, Proteins), Technology (Microencapsulation, Nanoencapsulation, Hybrid encapsulation), Application, Method, Core Phase, and Region – Global Forecast to 2025

“The food encapsulation market is projected to grow at a CAGR of 7.5% in terms of value. The key drivers include higher demand for encapsulated flavors and technological advancements in the food industry.” The food encapsulation market is estimated to be valued at USD 9.9 billion in 2020 and is projected to grow at a CAGR of 7.5%,recording a value of USD 14.1 billion by 2025. This market is majorly driven by the rising demand for encapsulated flavors from convenience food manufacturers and increasing demand for fortified food products. However, the high cost is the only restraining factor for this market. As per industry experts, the price of any ingredient rises by over 50% when subjected to encapsulation procedures. Also, the capital investment involved in machinery and material c......
$5650

Cured Meats (Savory & Deli Foods) Market in Argentina – Outlook to 2023: Market Size, Growth and Forecast Analytics

Cured Meats (Savory & Deli Foods) Market in Argentina - Outlook to 2023: Market Size, Growth and Forecast Analytics Summary Cured Meats (Savory & Deli Foods) Market in Argentina - Outlook to 2023: Market Size, Growth and Forecast Analytics is a broad level market review of Cured Meats market in Argentina. Cured Meats - all types of cured meats which DO NOT require further cooking. E.g. Parma Ham, Spanish hams, Bresaola etc. Excludes Meat Snacks. Excludes cooked sliced meats - e.g. packets of cooked and sliced ham, turkey & beef. In China and other asian countries includes dried meats (e.g. packs of shredded pork) Cured Meats market in Argentina registered a positive compound annual growth rate (CAGR) of 19.69% during the period 2013 to 2018 with a sales value of ARS 2,655.83 Million in......
$500

Pates (Savory & Deli Foods) Market in Australia – Outlook to 2023: Market Size, Growth and Forecast Analytics

Pates (Savory & Deli Foods) Market in Australia - Outlook to 2023: Market Size, Growth and Forecast Analytics Summary Pates (Savory & Deli Foods) Market in Australia - Outlook to 2023: Market Size, Growth and Forecast Analytics is a broad level market review of Pates market in Australia. Pates - meat based spreads featuring ground or minced meat products and which have been variously seasoned. Includes rillettes. Excludes highly processes meat pastes (usually sold in tubes). Pates market in Australia registered a positive compound annual growth rate (CAGR) of 5.15% during the period 2013 to 2018 with a sales value of AUD 539.64 Million in 2018, an increase of 5.35% over 2017. The market achieved its strongest performance in 2018, when it grew by 5.35% over its previous year and its wea......
$500

Prepared Salads (Savory & Deli Foods) Market in Brazil – Outlook to 2023: Market Size, Growth and Forecast Analytics

Prepared Salads (Savory & Deli Foods) Market in Brazil - Outlook to 2023: Market Size, Growth and Forecast Analytics Summary Prepared Salads (Savory & Deli Foods) Market in Brazil - Outlook to 2023: Market Size, Growth and Forecast Analytics is a broad level market review of Prepared Salads market in Brazil. Prepared Salads - prepared salads (including both leaf and potato salads) sold in tubs or packs. Excludes fruit salads. Prepared Salads market in Brazil registered a positive compound annual growth rate (CAGR) of 7.05% during the period 2013 to 2018 with a sales value of BRL 216.14 Million in 2018, an increase of 3.77% over 2017. The market achieved its strongest performance in 2015, when it grew by 10.48% over its previous year and its weakest performance in 2018, when it increase......
$500

Ambient (Canned) Fish & Seafood (Fish & Seafood) Market in Chile – Outlook to 2023: Market Size, Growth and Forecast Analytics

Ambient (Canned) Fish & Seafood (Fish & Seafood) Market in Chile - Outlook to 2023: Market Size, Growth and Forecast Analytics Summary Ambient (Canned) Fish & Seafood (Fish & Seafood) Market in Chile - Outlook to 2023: Market Size, Growth and Forecast Analytics is a broad level market review of Ambient Fish & Seafood market in Chile. Ambient Fish & Seafood - all shelf-stable fish and seafood products. Includes fish and seafood sold in jars, tins and shelf-stable vacuum packs. Ambient Fish & Seafood market in Chile registered a positive compound annual growth rate (CAGR) of 6.04% during the period 2013 to 2018 with a sales value of CLP 77,541.27 Million in 2018, an increase of 4.62% over 2017. The market achieved its strongest performance in 2014, when it grew by 8.40% over its previous......
$500

Chilled Raw Packaged Fish & Seafood – Whole Cuts (Fish & Seafood) Market in China – Outlook to 2023: Market Size, Growth and Forecast Analytics

Chilled Raw Packaged Fish & Seafood - Whole Cuts (Fish & Seafood) Market in China - Outlook to 2023: Market Size, Growth and Forecast Analytics Summary Chilled Raw Packaged Fish & Seafood - Whole Cuts (Fish & Seafood) Market in China - Outlook to 2023: Market Size, Growth and Forecast Analytics is a broad level market review of Chilled Raw Packaged Fish & Seafood - Whole Cuts market in China. Chilled Raw Packaged Fish & Seafood - whole cuts - raw whole pieces of fish or seafood packed in trays or similar. Chilled Raw Packaged Fish & Seafood - Whole Cuts market in China registered a positive compound annual growth rate (CAGR) of 5.04% during the period 2013 to 2018 with a sales value of CNY 19,355.30 Million in 2018, an increase of 4.72% over 2017. The market achieved its strongest per......
$500

Dried Fish & Seafood (Fish & Seafood) Market in Colombia – Outlook to 2023: Market Size, Growth and Forecast Analytics

Dried Fish & Seafood (Fish & Seafood) Market in Colombia - Outlook to 2023: Market Size, Growth and Forecast Analytics Summary Dried Fish & Seafood (Fish & Seafood) Market in Colombia - Outlook to 2023: Market Size, Growth and Forecast Analytics is a broad level market review of Dried Fish & Seafood market in Colombia. Dried Fish & Seafood - all dried fish and seafood. Dried Fish & Seafood market in Colombia registered a positive compound annual growth rate (CAGR) of 6.99% during the period 2013 to 2018 with a sales value of COP 85,191.74 Million in 2018, an increase of 7.38% over 2017. The market achieved its strongest performance in 2016, when it grew by 11.26% over its previous year and its weakest performance in 2014, when it increased by 4.16% over 2013. The research handbook pr......
$500
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy