Global Pet Food Extrusion Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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The pet food extrusion market has shown robust growth, increasing from $78.89 billion in 2023 to $84.37 billion in 2024, with a CAGR of 6.9%. This growth is driven by factors like the industrialization of pet food production and the demand for specialized diets. Looking forward, the market is expected to grow to $110.92 billion in 2028, with a CAGR of 7.1%. Key drivers include the humanization of pets, sustainable ingredient sourcing, and the rise of plant-based formulations. Emerging trends encompass fresher options and transparent sourcing, indicating a shift towards healthier and more ethical pet food choices.
The pet food extrusion market is anticipated to witness growth owing to the growing pet population, leading to increased demand for pet food products. Reports from Chewy, Inc. and Animal Medicines Australia indicate a significant rise in pet adoptions and pet ownership globally. Therefore, the expanding pet population is expected to drive the pet food extrusion market.
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What Are The Key Trends That Influence Pet Food Extrusion Market Share Analysis?
Technological advancements are driving the pet food extrusion market, where major companies are innovating to maintain their market positions. For example, Andritz AG introduced the ExTS-616 and ExTS-718 twin-screw extruders in January 2021. These extruders are designed for processing viscous, greasy, sticky, or highly wet products, making them ideal for pet food with high meat content and low-starch fish feed. Featuring compatibility with the expansion control system (ECS) and Andritz’s Flextex technology, these extruders optimize energy consumption in the process.
Which Market Players Are Driving Growth In The Pet Food Extrusion Market?
Major companies operating in the pet food extrusion market report are Nestlé S.A., Mars Petcare Inc., Andtriz AG, The J.M. Smucker Company, Ingredion Incorporated, SunPring, Buhler Industries Inc., Pavan Group, Reading Bakery Systems Inc., Clextral SAS, Brabender GmbH & Co. KG, Baker Perkins Ltd., Lindquist Machine, American Extrusion International, Nanjing Haisi Extrusion Equipment Co. Ltd., Diamond America Corporation, Doering Systems Inc, Coperion Ideal Private Limited, The Bonnot Company, IDAH Company, Shandong Loyal Industrial Co. Ltd., Kairong Group, Kahl Group, Wenger Manufacturing Inc., Triott Group.
How Is The Global Pet Food Extrusion Market Segmented?
The pet food extrusion market covered in this report is segmented –
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
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The Pet Food Extrusion Global Market Report 2024 provides an overview of the pet food extrusionmarket 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.
The Table Of Content For The Pet Food Extrusion Market Include
1. Pet Food Extrusion Market Executive Summary
2. Pet Food Extrusion Market Segments
3. Pet Food Extrusion Market Size And Template Market Growth Rate
4. Key Pet Food Extrusion Market Trends
5. Major Pet Food Extrusion Market Drivers
……
25. Key Mergers And Acquisitions In The Pet Food Extrusion Market
26. Top Pet Food Extrusion Companies
27. Pet Food Extrusion Market Opportunities And Strategies
28. Pet Food Extrusion Market, Conclusions And Recommendations
29. Appendix
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