Pet Food Processing Market Top Growth Factors and Future Trends 2026
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 CAGR of 5.0% during the
forecast period. The major factors driving the growth of the pet food
processing market include the increasing trend of pet food product
premiumization, rising pet adoption, and acceptance of pets across regions.
Key Market Players
Key vendors operating in the global market 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). These players have broad industry coverage and high operational
and financial strength.
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The Asia Pacific
region is projected to be the fastest-growing market for pet food processing
during the forecast period.
The Asia Pacific region is projected to be the
fastest-growing market for pet food processing during the forecast period. The
region witnesses a high demand for pet food products due to the increasing
acceptance of pets. 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. These factors are projected to create
growth opportunities for equipment manufacturers in countries such as India,
China, Japan, and Thailand.
The dog food segment
is estimated to account for the largest share in 2019 in the market.
The dog food segment is estimated to dominate the pet food
processing market, on the basis of application, in terms of value, in 2019. Dog
food is witnessing increased demand due to the increasing dog population across
regions. The increasing trend of pet humanization has also encouraged dog
owners to accept them as companions due to their friendliness, which is
projected to drive the demand for premium dog food products, thus contributing
to the growth of the overall market.
The forming equipment
segment is projected to account for the largest share in the pet food
processing market during the forecast period.
The forming equipment segment is projected to account for
the largest market share due to the increasing demand for extrusion solutions
and increasing application in the pet food processing market. Some of the major
extrusion equipment manufacturing companies in the pet food industry are Buhler
AG (Switzerland), Baker Perkins Ltd. (UK), and Clextral SAS (France). The
introduction of innovative extrusion machinery for manufacturing customized pet
food has encouraged manufacturers to opt for extrusion-based manufacturing,
which is projected to drive the growth of the forming segment. In addition,
this segment is projected to account for the largest market share during the
forecast period.
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Created on Jun 1st 2021 08:56. Viewed 206 times.