Global Pet Food Processing Market is valued at approximately USD 4.85 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2022-2028. Pet Food Processing is a technology that deals with animal feed which is intended to consume by pets. Pet Food Processing Industries just like normal Food Processing industries transform the animal feed into food or a form of food, using various methods in order to preserve it and make it consumable. Increasing awareness among pet owners to feed their pets with healthy food, growing investment in the Pet Food Processing market and growing acceptance of Pets, have driven the adoption of Pet Food Processing across the projected period. For Instance: According to the National Pet Owners Survey (2019-20) performed by the American Pet Products Association (APPA), more than 85 million households in the United States had one or more pets. Also, advancements in technology used in Pet Food Processing and re-emergence of convenience food for pets, are most likely to boost the overall growth of the Pet Food Processing Market. However, depriving capacities of equipment used in Pet Food Processing can obstruct the market’s expansion over the projection period of 2022-2028.
The key regions considered for the Global Pet Food Processing Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Rise in pet adoption and rise in disposable income are driving the market growth in North America. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period, due to growing awareness among pet owners towards healthy pet foods.
Major market players included in this report are:
Buhler Holding AG
The Middleby Corporation
Baker Perkins LTD.
Precision Food Innovations
F.N. Smith Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Mixing & Blending
Baking & Drying Equipment
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Pet Food Processing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers