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

In the world of pet care and nutrition, the global pet food extrusion market is making headlines with impressive growth forecasts. With the market expected to surge from $73.70 billion in 2022 to $78.89 billion in 2023, boasting a compound annual growth rate (CAGR) of 7%, it’s clear that pet owners around the world are investing in high-quality pet food. The market’s journey is far from over, and it’s anticipated to reach an impressive $102.49 billion by 2027, maintaining a steady CAGR of 6.8%. In this blog, we’ll explore the driving forces behind this market’s ascent, introduce the major players influencing its course, and discuss the significance of technological advancements in pet food extrusion.

Fueling the Market: The Growing Pet Population

One of the most significant factors propelling the pet food extrusion market’s growth is the remarkable increase in the global pet population. More and more people are welcoming pets into their homes and treating them as beloved companions, resulting in a surge in the demand for high-quality pet food. For example, in the US, the year 2021 saw a heartwarming record of around 977,202 pets adopted, marking the highest adoption rate of 61% in the past six years. In Australia, dogs are the most common pets, with 48% of households having at least one dog, up from 40% in 2019. The growing pet population worldwide underlines the importance of tailoring pet food to meet the nutritional needs and preferences of pets, driving the growth of the pet food extrusion market.

Pioneers in Pet Food: Major Market Players

The pet food extrusion market is guided and shaped by major industry players that bring innovation, expertise, and high-quality products to the market. These key players include:

• Nestlé S.A.
• Mars Petcare Inc.
• Andritz AG
• The J.M. Smucker Company
• Ingredion Incorporated
• SunPring
• Buhler Industries Inc.
• Pavan Group
• Reading Bakery Systems Inc.
• Clextral SAS
• Brabender GmbH & Co. KG
• Kairong Group
• Kahl Group
• Wenger Manufacturing Inc.
• Triott Group

These industry leaders play a crucial role in driving innovation and excellence in the pet food extrusion market.

Technological Advancements: Leading the Way

One of the key trends shaping the pet food extrusion market is a focus on technological advancements. Major companies operating in the market are committed to leveraging innovative technologies to maintain their competitive edge. For instance, in January 2021, Andritz AG introduced the ExTS-616 and ExTS-718, two cutting-edge twin-screw extruders designed for the pet food and aquafeed industries. These extruders excel in processing viscous, greasy, sticky, or highly wet pet food products. They are ideal for the extrusion of pet food with high levels of fresh meat and low-starch fish feed. The introduction of advanced extruders like these helps enhance the efficiency and quality of pet food production, while minimizing energy consumption. Technological advancements are a driving force in meeting the evolving demands of pet owners.

Market Segmentation: Catering to Diverse Needs

The pet food extrusion market offers a range of products and solutions to meet the diverse needs of pet owners. Key market segments include:

1. By Extruder Type:
   • Single Screw
   • Twin Screw
2. By Process:
   • Hot Extrusion
   • Cold Extrusion
3. By Type:
   • Complete Diets
   • Treats
   • Other Types
4. By Ingredient:
   • Animal Derivatives
   • Vegetables And Fruits
   • Grains And Oilseeds
   • Vitamins And Minerals
   • Additives
   • Other Ingredients
5. By Animal Type:
   • Dog
   • Cat
   • Fish
   • Birds
   • Other Animal Types

Global and Regional Dynamics: A Worldwide Impact

As of 2022, North America has been the leading region in the pet food extrusion market. However, Asia-Pacific is projected to be the fastest-growing region in the forecast period. The global pet food extrusion market is significantly influenced by regional trends and dynamics, indicating a shift in the market’s geographical footprint.

Get A Free Sample On The Global Pet Food Extrusion Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=12377&type=smp

Read The Full Pet Food Extrusion Market Report Here:
https://www.thebusinessresearchcompany.com/report/pet-food-extrusion-global-market-report

The Pet Food Extrusion Global Market Report 2023  provides an overview of the pet food extrusion market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The pet food extrusion market forecast analyzes pet food extrusion market size, pet food extrusion market share, leading competitor and their market positions.

Explore Similar Reports From The Business Research Company:

Digital Pet Care Products And Services Global Market Report 2023

Pet Food Global Market Report 2023

Pet Grooming Services Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: