Global Animal And Pet Food Market Size, Drivers, Trends, Opportunities And Strategies – Includes Animal And Pet Food Market Share
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The stable economic growth forecasted in many developed and developing countries are expected to drive innovation in animal and pet food manufacturing, thus driving the market during the forecast period.
The global animal and pet food market is expected to grow from $366.13 billion in 2022 to $398.07 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The animal and pet food market is expected to grow to $534.36 billion in 2027 at a CAGR of 7.6%.
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Global Animal And Pet Food Market Segments Include:
- By Type: Pet Food, Animal Food
- By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
- By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic
- Subsegments Covered: Dog And Cat Food, Other Pet Food, Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global animal and pet food market in 2021.
Major Market Players in the animal and pet food market include Cargill Incorporated, Nestle S.A., New Hope Liuhe Co. Ltd., Charoen Pokphand Foods PCL, Bunge Limited, Diamond Pet Foods Inc.
Pet food manufacturing companies are using automation technologies such as advanced production lines and software solutions to improve safety and operational efficiency. These technologies automate formulation, extrusion, batching, drying, coating, and liquid delivery processes. This results in cost-effective processing and consistent product quality. For example, Champion Petfoods, a Canadian producer of pet food, has video-monitored production lines, with cooking processes connected through Rockwell hardware and software systems. It also uses bulk bins and conveying systems, votator heat exchangers, and advanced extrusion and drying systems. United Pet Group’s pet food manufacturing plant in St. Louis used FactoryTalk software from Rockwell Automation to reduce overtime by 10% and increase labor efficiency by 15%.
The Animal And Pet Food Global Market Report 2023 provides a animal and pet food market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The animal and pet food market forecast analyzes animal and pet food market size, animal and pet food market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Animal food is a type of feed prepared from ingredients, such as grains, oilseed mill products, and meat products for domestic animals. Pet food is a type of feed prepared from ingredients, such as grains, oilseed mill products, and meat products for consumption by dogs or cats.
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