The Pet foods are the specialty foods prepared to fulfill the nutritional requirements of domesticated animals. The pet foods can be either made from plant or the animal-based food materials. There are innovations associated with manufacturing of pet foods such making them of various shapes and using of attractive colors to entice owners with special flavorings to enhance the taste so that animals can easily like the food.
According to study, “Pet Food Manufacturing Global Market Report 2019” the key companies operating in the global pet food manufacturing market are Mars Incorporated, Tiernahrung Deuerer GmbH, Nestle S.A., Archer Daniels Midland Company, The J.M. Smucker Company, Purina PetCare India Private Limited, Colgate-Palmolive Company, Riverd Corporation Inc., Diamond Pet Foods Inc., Yantai China Pet Foods Co., Ltd., General Mills, Inc., Premier Petfoods Aust Pty Ltd., Saturn Petcare GMBH, GA Pet Food Partners, Unicharm Corporation, Monge & C. Spa, Marukan Co. Ltd., Glenand Group, Nippon Pet Food Co. Ltd., Partner in Pet Food, Fressnapf, Luscious, Burgess Pet Care, Pedigree, Nestle Purina PetCare, Pet Food UK, Corey Nutrition Company Inc., Tekro, Elmira Pet Products Ltd., Canadian Jerky Company Ltd., Diana Pet Food Brasil (SPF), Brit, Brazilian Pet Foods S/A, Marp Pet Food, Natural Pet Foods, Mars PetCare Inc., Bio-Pet Ltd., Hill`s Pet Nutrition, Cagatay Pet Food, Nutreco, African Gazelle Products, Diamond Pet Foods, RCL Foods, Malta Cleyton, Martin & Martin Pty Ltd., Neovia Group Brazil, Tropikal Pet, Premier Pet, Promeal, Maneli Pets. The key players operating in the market majorly strategized towards the expansion, merger & acquisition, and new product development.
Based on animal type, pet food manufacturing market is segmented into cats, dogs and others pet food. Based on product type, market is segmented into wet pet food, dry pet food, treats & snacks, veterinary diets, and organic products. Based on ingredient type, market is segmented into animal-derived, cereals & cereal derivatives, plant-derived and other ingredient types. Based on distribution channel, market is segmented into specialized pet shops, online channel, supermarkets/hypermarkets, and other channels. In addition, based on pricing type, market is segmented into premium segment, super premium segment and economy segment.
The pet food manufacturing market is driven by growth in investments by pet food processing equipment companies, followed by increase in awareness among pet owners to use healthy food with proactive ingredients and rise in acceptance of pets. However, increase in pet allergy concerns among consumers may impact the market. Moreover, new technologies being used in the pet food processing industry, which is a key opportunity for market.
Based on geography, the Asian-Pacific holds major share in global pet food manufacturing market owing to increase in demand for premium dog food in the region. Whereas, the North-American and European regions are anticipated to witness higher CAGR due to rise in consumer awareness regarding the beneficial impact on pet health coupled with increase in trend of humanization of pets over the forecast period. In upcoming years, it is estimated that future of the market will be bright caused by increase in trend of adopting pets as a family member during the forecast period.
For More Information, click on the link below:-
Ankur Gupta, Head Marketing & Communications