Pet Food Processing Market Value to surpass US$ 6.7 Bn in 2030
The global pet food processing market was approximately valued at ~US$ 4.1 Bn in 2020. It is projected to rise at a CAGR of ~5.1%, to reach US$ 6.7 Bn by 2030.The FMI study reveals that the market will grow at a steady pace during 2020 - 2030.
Pet “humanization “and “pet ownership” are defining trends in the pet food market. In line with the emergence of private label store brands and increasing urbanization, the global market is witnessing favorable conditions for growth which is simultaneously fueling the market growth of pet food processing market.
Key Research Findings
- Pet humanization and pet ownership are defining the top trends fueling pet food processing demand in global market.
- The expanding food and beverages industry and rising demand for fermented supplements is complementing the growth of global pet food processing market.
- By the end of 2030, the market valuation is projected to reach US$ 6.7 Mn. The market was valued at US$ 4.1 Mn in 2020.
- Asia Pacific is expected to emerge as a highly lucrative market.
Key Factors Shaping Pet Food Processing Market
Pet Humanization Bolsters Demand
Growing pet humanization trends on the back of high-disposable income pet owners is central to the growth of the pet food processing market. Increasing consumer knowledge about pet specific intolerances, and allergies furthers consumer spending on niche pet food products. Emergence of private label brands supported by increasing urbanization of developing economies creates ample opportunities of growth for market players. Awareness about these products and their benefits through social media, and digital marketing increases consumer engagement with products by pet food processing manufacturers.
Quality Certification Offers a Competitive Edge
Consumer attraction and engagement with quality certified products is a popular strategy for differentiating products. Market players are generating financially rewarding opportunities by marketing quality certifications of products. Increasing statutory guidelines and monitoring of pet food processing has created a significant shift in consumer preference. In a competitive market, products approved by regulatory bodies such as GFSI, ISO, FSSAI, FDA, HALAL, and KOSHER perform better than non-certified products. These certificates ensure consumers of the quality of pet food products and their nutritional value. Further, HALAL and KOSHER certifications engage environment conscious consumers that wish to buy certified beef or pork related products that abide by ethical opinions of consumers.
Proliferation of E-commerce Presents Lucrative Opportunities
The proliferation of E-commerce platforms in booming digital economies such as India, and Indonesia present new target markets. Ecommerce platforms expand the global footprint of pet food processing manufacturers by connecting them with consumers worldwide. Coupled with the increase in disposable income of empathetic millennial consumers, market players can find gainful prospects in developing countries.
Impact of COVID-19 on Pet Food Processing Market
Pet food processing market has been largely affected by the outbreak of coronavirus. According to FMI’s analysis, the market will take time till the end of 2020 to recover completely. Border closures, quarantines, and supply chain and trade disruptions have restricted access to sufficient/diverse and nutritious sources of food, especially in countries such as the U.S, China and Italy, which are hit hard by the virus or already affected by high levels of food insecurity. Due to restriction on movement and the basic aversion behavior by workers, the market continues to suffer amid the pandemic.
Market Structure Analysis
The key players are majorly inclined towards expansion, and acquisition & mergers in order to strengthen their product offering portfolio. Remunerative strategies are further aided by Investments in building stronger distribution networks will be the remunerative strategies for leading players in the pet food processing industry. Some of these companies are particularly focusing on making their products widely available across online channels, which would boost their businesses in the coming years.
Base year considered
Actual estimates/Historical data
2016 - 2020
2020 - 2030
Value (USD) Bn/Mn
Form, Application and Type
North America, Latin America, Europe, APEJ, Japan and MEA
Precision Food Innovations, Mepaco Group, F.N. Smith Corporation, Reading Bakery Systems, Andritz Group,Buhler Holding AG, The Middleby Corporation, GEA Group,Gold Peg International, Fusion Tech Integrated, Inc. and others
Revenue forecast, company share, competitive landscape, growth factors, and trends
By Application, Dog Food Segment Holds Dominance with 44.8% Share
Increasing concerns among pet owners about their pet’s health have caused them increase their spending on healthy pet foods. Customers are eyeing for more specific pet food that is bolstering the global pet food production. They have started identifying various signs of intolerance and allergies in their pets. According to tails.com (dog nutrition service) around 75% of proliferation in the market demand for hypoallergenic food combinations for dog food since 2016. To cater to this rising demand, pet food suppliers are incorporating omega-3 fatty acids in their products. Furthermore, many are offering gluten free products to offer weight control and hair fall control in pets, which is owing market demand for pet food processing market.
Pet Food Products with HALAL and KOSHER Certifications to Witness High Demand
Quality certification is very essential to soar high in the competitive market. Quality certification plays a very important role, as it ascertains quality and quantity of the product offered. Quality certifications help in maintaining the grade of food. Therefore, consumers easily trust products, which are approved by regulatory bodies such as GFSI, ISO, FSSAI, FDA, HALAL, KOSHER. These certifications ensure product quality through certain laboratory tests, thus demand for pet food processing market is also rising across the globe. The HALAL and KOSHER certifications are especially for particular communities, ensuring that the certified beef or pork-related products are fit for consumption as per their ethical laws.
* This data is only a representation. Actual data may vary and will be available in report.
Inclination towards Non-Modified Convenience Ingredients Creates Growth Opportunities in North America
North America is anticipated to account for maximum share in the global pet food processing Market by 2030. The region witnesses a high demand for pet food products due to the increasing acceptance of pets. . Pet owners have a very high level of empathy towards animals than those that do not have pets. Therefore, an increasing number of pet owners are focusing on feed diets that are healthy as well as cruelty-free.The rising concerns among pet owners regarding the health of pets have led to an increase in demand for high-quality pet food products that require specialized machinery.
Wet to showcase noteworthy CAGR
Dry hold leading market Share
Dog to see high in demand
Cat is on rise
How Growth will Unfold
Rising penetration of e-commerce websites is boosting the pet food demannd across the globe, which is simanetonusly fueling the market demand for pet food processing market. The expansion of electronic media could bode well for pet food sales. E-commerce provides a very wide range of products on the same platform. With the help of e-commerce, a product can be easily delivered to the costumer. Manufacturers should keep this in mind and they should expand their global business via e-commerce.For Instance In 2108, Amazon aiding to its e-commerce section launched its private label pet food Wag, which is especially available for amazon prime subscribers. It is gaining maximum traction among customers from the U.S. customer. Listed factors are fueling are fueling the pet food processing market.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Pet Food Processing Market: Global Industry Analysis 2015-2019& Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Pet Food Processing Market offers global industry analysis for 2015-2019& opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Pet Food Processing Market, the growth prospects of the market are obtained with maximum precision.
Pet Food Processing Market Taxonomy
The global Pet Food Processing Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Mixing & Blending Equipment
- Forming Equipment
- Baking & Drying Equipment
- Cooling Equipment
- Dry Food
- Wet Food
- Dog Food
- Cat Food
- Fish Food
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Pet Food Processing Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Pet Food Processing Market.
Readers can find the detailed segmentation and definition of the Pet Food Processing Market in this chapter, which will help them understand basic information about the Pet Food Processing Market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Pet Food Processing Market report.
The associated industry assessment of the Pet Food Processing Market is carried out in this section. The macroeconomic factors affecting growth of the Pet Food Processing Market are provided in this section and the impact of these macroeconomic indicators on the Pet Food Processing Market is analysed. The processing overview and technological advancements in the Pet Food Processing Market is also provided.
Profit margins at each level of the Pet Food Processing Market are analysed and readers can find detailed information on top importers and exporters as well as the value chain of the Pet Food Processing Market.
The drivers and restraints impacting the growth of the Pet Food Processing Market are explained in this chapter. Opportunities and ongoing trends in the Pet Food Processing Market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Pet Food Processing Market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).
Based on Product type, the Pet Food Processing Market is segmented into Mixing & Blending Equipment, Forming Equipment, Baking & Drying Equipment, Cooling Equipment, and Others. In this chapter, readers can find information about key trends and developments in the Pet Food Processing Market and market attractiveness analysis based on raw material.
Based on Form, the Pet Food Processing Market is classified into Dry Food, Wet Food, and Others. This part also offers market attractiveness analysis based on Form.
Based on Application, the Pet Food Processing Market is classified into Dog Food, Cat Food, Fish Food, and Others. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Pet Food Processing Market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Pet Food Processing Market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Pet Food Processing Market in Latin America. This chapter also includes growth prospects of the Pet Food Processing Market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Pet Food Processing Market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Pet Food Processing Market.
This chapter includes a detailed analysis of the growth of the Pet Food Processing Market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Pet Food Processing Market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Pet Food Processing in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Pet Food Processing Market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Pet Food Processing Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are The Middleby Corporation, Andritz Group, Buhler Holding AG, GEA Group, Baker Perkins Ltd., Clextral SAS, Precision Food Innovations, Mepaco Group, Coperion GMBH, F.N. Smith Corporation, Reading Bakery Systems, and Selo.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Pet Food Processing report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Pet Food Processing Market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits