Pets are no more just a four legged creature today, they have become members of family.Pet owners want to buy premium foods that contain essential ingredients and nutrients for their pets. In line with customer demand, manufacturers of pet food are coming up with advanced and healthy products. These pet food have specific texture, taste, nutritional value, and shapes. These special products are manufactured with the help of specific food processing methods. The addition of premium pet food in the existing pet food portfolio is a result of advancement in the pet food processing equipment and devices. Increasing instances of pet adoption in both developing and developed economies and the increased awareness in owners about food quality have led to increased demand in the global pet food processing market which was valued at $3.81 billion in 2018. The market, in the forecast period from 2019 to 2025, is expected to witness growth at a CAGR of 4.1%. The development of premium flavors and tastes such as cranberry, veal pate, pumpkin puree with quinoa, turkey and meat, and béchamel sauce are some of the major aspects supporting the pet food processing market. The pet food processing market caters to a large number of pets including but not limited to dogs, cats, horses, reptiles and birds. With such a huge consumer base, the demand for pet foods are certain to increase which is expected to induce revenues in the global pet food processing market.
Geographical Analysis:
North America was observed to be the most lucrative region in the pet food processing market in 2018. Factors such as increasing disposable income and a large number of nuclear families in the region are the major reasons behind this regional dominance, which accounted for 42% of the global market share in the pet food processing market. This heavy share is resonated due to the increased awareness of better pet food products in the market. According to the American Pet Products Association, 68% of households in the U.S. own a pet. This suggests that around 85 million families are buying pet food. This makes the U.S. one of the major contributors to the North America pet food market. However, demand is increasing from developing nations such as China, India, and Argentina due to the increased pet ownership.
Application Analysis:
Application in the pet food processing are numerous and involve several equipment. By equipment, the drying and baking are concluded as the prominent segment in the global pet food processing market. The prevailing concept of treats to petsis driving the global pet food processing market. These treats are manufactured using baking and drying machines. With advanced baking and drying equipment are producing multi-shaped and textured products which are highly popular with pet owners. The growing demand for flavorful and healthy pet food is expected to increase the market size in the global pet food processing market.
Trending Food in the Pet Food Market
Pet Food Processing Equipment and Packaging: A Positive Impact
Pet Food Processing Market Competitive Landscape and Top Company Analysis
The companies influencing the pet food processing market are ANDRITZ AG, Clextral SAS, The Buhler Holding AG, Baker Perkins Ltd., and Middleby Corporation.
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