Increasing pet adoption coupled with rising awareness of benefits of extruded pet food products are expected to provide potential opportunities for the industry.
In 2019, The global pet food extrusion market size surpassed USD 60 billion. In addition, it is projected to gather a CAGR of above 5% over the forecast years 2020-2028. The growth of this market is driven by increasing approval of pet adoption and rapid development in developing countries. However, with many allergic diseases, lack of knowledge of the type of food to be served as immune force differs in any pet can pose a concern. This in turn hinders the market 's growth. Industry growth in developed as well developing economies are projected to be driven by the growth in the number of delivery networks such as supermarket, hypermarket, and e-commerce and the increasing demand for premium products coupled with the trend of pet humanization.
The report outlines the various aspects of the global pet food extrusion industry by analyzing the market from global pet food statistics, extrusion techniques, technological advancement in extrusion equipment, porter’s five forces analysis, PESTEL analysis, and value chain analysis. Moreover, the pet food extrusion market report comprises qualitative content such as market barriers, important market drivers, and opportunities. Furthermore, the report provides competitive landscape of the market through company profiling.
In terms of geography, the global pet food extrusion market is dominated by North America in 2019 and the market size for the same was valued at >USD 18 billion. Presence of more than 3,000 animal shelters coupled with more than 10,000 animal sanctuaries and rescue groups in North America is expected to open new opportunities for pet food extrusion market over the coming years. Additionally, more than 30% of the U.S. households have cats and more than 40% have dogs. Increasing adoption of dogs and cats in U.S. and Canada is further expected to increase extruded pet foods over the forecast period.
Leading companies engaged in pet food extrusion market are Mars, American Extrusion International, Nestlé, Brabender, The J.M. Smucker Company, Doering Systems, Andritz, The Bonnot Company, Bühler, Lindquist Machine, Clextral, Coperion, Pavan Group, Baker Perkins, Diamond America, and Kahl Group. Key companies present in the market are adopting new product development, technological advancement, research & development, investment, merger & acquisition, and partnerships to form strategies in order to stay competitive in the industry and strengthen their distribution network in order to increase their customer base. For instance, in May 2020, United Petfood, a Belgium based extruded pet food manufacturer acquired Jonker Petfood, a Netherlands based pet food manufacturer.
Key Segments of the Global Pet Food Extrusion Market
Ingredient Overview, 2018-2028 (USD Billion)
- Animal Derivatives
- Vegetable & Fruits
- Grains & Oilseeds
- Vitamins & Minerals
Animal Type Overview, 2018-2028 (USD Billion)
Type Overview, 2018-2028 (USD Billion)
- Complete Diets
- Treats & Other Complementary Products
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europ
- Rest of Asia-Pacifi
Middle East and Africa
- South Africa
- Rest of Middle East and Afric
- Rest of South America