The global pet food processing market size is projected to grow from USD 4.6 billion in 2019 to USD 6.5 billion by 2027, recording a CAGR of 5.2% during the forecast period. A growing number of pet owners are very particular when it comes to choosing their pets’ goods. From ingredients to packaging lines, pet food producers are entirely rethinking their methods, their products, and even their production facilities. While the shift in consumer choices of pet owners is leading to many changes in the pet food industry, and earlier shifts first got manufacturers wondering pet food in additional human terms. All the pet food processing facilities began to take a critical look in their operations when the FDA announced that the food safety and modernization act would also regulate pet food. This led in the betterment of the food quality but resulted in a slow down for the manufacturers of the pet food.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Pet Food Processing market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Pet Food Processing business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Pet Food Processing in the coatings and paints are driving the market. The increasing usage of bio-based Pet Food Processing will also supplement Pet Food Processing market revenue share through 2027
Further key findings from the pet food processing report suggest
A trend for human foods that seems to draw parallels with pet food is around “green appeal,” or sustainability. According to an Innova trends survey conducted this year, 64% of U.S. and U.K. consumers expect brands and companies to invest in sustainability.
By the kind of food, the world pet grocery store is segregated into dry food, wet/canned food, treats & snacks, and others. Supported the sales channel, the market is categorized into specialized pet shops, internet sales, hypermarkets, and others.
By geography, North America’s pet food processing has a dominant share of 38.2% within the world and is anticipated to continue its dominance during the forecast period. Improving pet humanization and pet ownership, the emergence of personal label store brands, and growing urbanization are a number of the most critical driving forces accelerating the expansion of the North American pet food processing market.
Competitive Terrain:
The global Pet Food Processing market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Pet Food Processing market are listed below:
Andritz Group (Austria), Buhler Holding AG, The Middleby Corporation, GEA Group, Baker Perkins Ltd., Clextral SAS, Precision Food Innovations, Mepaco Group, Coperion GMBH, F.N. Smith Corporation, Reading Bakery Systems, Selo, Automated Process Equipment Corporation (APEC), Gold Peg International, Probake Inc.
Based on Application, the pet food processing market has been segmented as follows: (Revenue, USD Million; 2020-2027)
Dog food, Cat food, Fish food, Other applications (pet food for tortoises, rabbits, and ornamental birds)
Based on Form, the pet food processing market has been segmented as follows: (Revenue, USD Million; 2020-2027)
Dry, Wet
Based on the Type, the pet food processing market has been segmented as follows: (Revenue, USD Million; 2020-2027)
Mixing & blending equipment, Forming equipment, Baking & drying equipment, Coating equipment, Cooling equipment, Other types (vacuum pumping and stuffing machines)
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Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019 – 2027
Chapter 3. Indicative Metrics
Chapter 4. Pet Food Processing Market Segmentation & Impact Analysis
Chapter 5. Pet Food Processing Market by Type Insights & Trends
Chapter 6. Pet Food Processing Market by Form Insights & Trends
Chapter 7. Pet Food Processing Market by Application Insights & Trends
Chapter 8. Pet Food Processing Market Regional Outlook
Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Mergers & Acquisitions
9.3. Strategy Benchmarking
9.4. Vendor Landscape
Chapter 10. Company Profiles
10.1. Andritz Group
10.2. Buhler Holding AG
10.3. The Middleby Corporation
10.4. GEA Group
10.5. Baker Perkins LTD.
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Pet Food Processing Market Segmentation & Impact Analysis
Chapter 5. Pet Food Processing Market, By Type Insights & Trends
Chapter 6. Pet Food Processing Market, By Application Insights & Trends
Chapter 7. Pet Food Processing Market, By End Use Insights & Trends
Chapter 8. Pet Food Processing Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
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