Pet Food Processing Market 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.
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Key Market Players
Key vendors operating in the global pet food processing 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.
Scope of the report
Based on Application, the pet food processing market has been segmented as follows:
• Dog food
• Cat food
• Fish food
• Other applications (pet food for tortoises, rabbits, and ornamental birds)
Based on Form, the pet food processing market has been segmented as follows:
Based on the Type, the pet food processing market has been segmented as follows:
• Mixing & blending equipment
• Forming equipment
• Baking & drying equipment
• Coating equipment
• Cooling equipment
• Other types (vacuum pumping and stuffing machines)
Based on the Region, the pet food processing market has been segmented as follows:
• North America
• Asia Pacific
• South America
• RoW (the Middle East and Africa)
The dog food segment is estimated to account for the largest share 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 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.