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Pet Food Processing Market Size, Share & Industry Analysis, By Pet Type (Dog, Cat, Others), By Form (Dry Food, Wet/Canned Food) And Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI104370 | Status : UpcomingThe global pet food processing market is witnessing robust growth owing to the increasing awareness of pet health and pet diets among consumers. The growing demand for innovative per foods that improve their health and provide required nutrition has necessitated manufacturers to invest in new product developments. Pet food processing trends mirror trends of human food processing as consumers look for food products that support the health and well-being of their pet. The humanisation of pets leading owners to choose pet foods that reflect the taste of human food has contributed to the growth of the pet food processing industry.
Pet food processing industry is advancing rapidly on account of various emerging trends such as clean-label, protein-rich, high-fibre, natural & organic. Premium and functional foods are now moving mainstream as pet owners increase the focus on pet diets. New product developments with added vitamins & minerals, various flavours and different forms are expected to propel the growth of the pet food processing market. Advancements in packaging technologies to develop packaging that improves preservation and extends the shelf life of pet foods are expected to drive the market growth in foreseeable years.
In recent years, the pet food industry has advanced owing to the evolution in buying tendencies of pet owners. There is an emerging trend of humanisation of pets which leads owner to choose premium pet foods that suffice nutritional requirements along with the organoleptic properties. The increasing demand for preservative-free, high-fibre and protein-rich pet foods drives the growth of the pet food processing market. Furthermore, the growing popularity of various exotic flavours and forms that are enjoyed by pets propels the market growth. Advancements in processing technologies and developments of new techniques such as extrusion technology are expected to drive the growth of the pet food processing market in forthcoming years.
Stringent government regulations for the approval of ingredients added in pet foods are expected to act as a key restraint for the growth of the global pet food processing market. These laws do not only regulate labelling of pet foods but also gives minimum and maximum required daily amounts for protein, carbohydrates, fat, minerals, and vitamins which affects their processing. Moreover, the laws also regulate specific requirements on the use of food additives, the presence of contaminants in the products and hygiene guidelines.
Key Players Covered:
- Buhler Holdings
- GEA Group AG
- Andritz AG
- The Middleby Corporation
- Baker Perkins Ltd.
- Coperion GmbH
- Precision Inc.
- F.N. Smith Corporation
- Probake Inc.
- Mepaco Group.
Dog food processing is expected to exhibit strong sales performance owing to the increasing popularity of dog pets. There is a perception that adopting dogs improve human mental health and bring positivity in life. People consider dogs as a family member and choose foods to improve their overall life experience. The emerging trend of pet humanisation has contributed to the increasing demand for clean-label, nutrient-enriched, functional dog foods. The growing popularity of other pets such as fish, turtle and hamsters is also expected to drive the growth of the pet food processing market.
Dry pet food is expected to witness promising growth as dry food is the most economical pet food product. Dry pet food is cost-effective, easy to transport and store. It also has higher shelf life as compared to the wet food and it is less susceptible to microbial spoilage due to low moisture content. The development of various shapes and flavours in dry pet foods is expected to support the growth of the market.
Regional Analysis:
North America is projected to witness substantial growth of the pet food processing market owing to the growing popularity of healthy pet food. Pet owners are focused on providing required nutrition to their pets along with the taste of various food offerings. The popularity of pet competitions has evolved the pet food purchasing patterns among consumers in the region. The emerging trend of humanisation of pets and treating them as family members is expected to increase the demand for healthy, nutritious and innovative pet food options to support the growth of the processing market in the region.
Europe is expected to witness strong growth of the pet food processing market owing to the rising demand for personalised pet food. Consumers are inclined towards choosing food offerings that provide perfect nutrition to their pets and support their healthy growth. The emerging trend of premiumisation in the region has necessitated manufacturers to expand their product portfolio with premium pet food offerings to attract more consumer base. Asia Pacific is expected to witness robust growth due to the rising income levels and growing awareness regarding pet diets among consumers. People are willing to spend more to provide healthy and nutritious food to their pets. The increasing adoption of pets to improve human mental health is expected to drive the pet food processing market growth in developed countries such as Australia and Japan.
Pet Food Processing Market Segmentation Analysis
ATTRIBUTE | DETAILS |
By Pet Type |
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By Form |
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By Geography |
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Key Industry Developments
- In February 2020, Nestle Purina announced the expansion of its pet food processing facility with the investment of USD 140 million. The expansion is aimed towards fulfilling the growing demand for petfood in the U.S.
- In February 2019, the leading pet food nutrition company, Hill’s expanded its pet food production facility in Kansas, United States.
- Global
- 2023
- 2019-2022