Market Leaders in Pet Food Processing Market
by Mit K. SEOThe 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 compound annual growth rate
(CAGR) of 5.0% during the forecast period. The increasing trend of pet food
product premiumization and the rising acceptance of pets across regions are
factors that are projected to drive the growth of the pet food processing
market. Furthermore, acceptance of pets as family members among pet owners,
increasing disposable income, and rising urbanization are factors that are also
projected to drive the market growth.
Key pet food processing players include 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).
Expansions and acquisitions were the dominant strategies adopted by major
players. These strategies have helped them to expand their manufacturing
facilities for pet food processing and further support the market growth.
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Andritz Group (Austria) is a leading company and manufacturer of
plants and equipment for pet food processing. Hydro, pulp and paper, and metals
and separation are the main segments, through which the company operates. The
company has a comprehensive product portfolio for industries, including the
feed, aqua feed, pet food, and biofuel industries. It offers a variety of
extrusion machines and complete production lines for pet food processing. The
company’s product portfolio for pet food processing includes hammer mills,
mixers, extruders, conditioners, and other equipment, such as dryers and vacuum
coaters. The company operates more than 280 production sites across 40
countries worldwide.
Buhler Holding AG is involved in the production of equipment for
the food, pet food, mobility, and communication markets. The company’s main
business areas include grains and food products, consumer foods, and advanced
materials. The company offers pet food equipment through its grains and food
segment. It provides complete solutions for the production of dog food, cat
food, and ornamental fish feed. It offers pet food processing equipment, such
as handling equipment, mixing and grinding equipment, conditioning equipment,
dryers, coaters, and extruders. The company operates 33 production sites in 140
countries across regions, such as North America, South America, Europe, the
Middle East, and Africa, South Asia, and Asia. The company has nearly 85 sales
offices, 100 service stations, and 25 application centers worldwide.
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Created on Oct 5th 2020 06:20. Viewed 247 times.