The Pet Food Extrusion Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pet Food Extrusion Global Market Report 2024, The pet food extrusion market size has grown strongly in recent years. It will grow from $78.89 billion in 2023 to $84.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to industrialization of pet food production, market expansion for pet food, texture and shape innovation, preservation of nutritional value, demand for specialized pet diets.
The pet food extrusion market size is expected to see strong growth in the next few years. It will grow to $110.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to pet humanization trend, expansion of premium pet foods, sustainable ingredient sourcing, personalized and customized diets, rise in plant-based formulations. Major trends in the forecast period include fresher and refrigerated options, transparent and ethical sourcing, immune-boosting formulations, holistic and whole food approaches.
The growing pet population is expected to propel the growth of the pet food extrusion market going forward. Pets refer to an animal kept in the home as a companion and treated kindly. Pet food extrusion refers to a method used to produce food following the needs or requirements of the pet population. It enables the production of pet food with high-quality ingredients while preserving its low retail price. For instance, in 2021, according to Chewy, Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US in 2021, which resulted in the highest adoption rate of 61% in the past six years. For another instance, in November 2022, according to a national survey of pets and people published by Animal Medicines Australia (AMA), an Australia-based industry body representing the leaders of the animal health industry in Australia, about half of Australian households had at least one dog, making them the most common pet. In 2022, 48% of households had dogs. Therefore, the growing pet population is driving the growth of the pet food extrusion market.
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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
Top Major Players:
Nestlé S.A.
Mars Petcare Inc.
Andtriz AG
The J.M. Smucker Compan
Ingredion Incorporated
North America was the largest region in the pet food extrusion market in 2023.
Technological advancements are a key trend gaining popularity in the pet food extrusion market. Major companies operating in the pet food extrusion market are focused on innovating new technologies to sustain their position in the market. For instance, in January 2021, Andritz AG, an Austria-based technology company, launched the ExTS-616 and ExTS-718, two new twin-screw extruders for the pet food and aquafeed industries. These are the ideal solution for processing viscous, greasy, sticky, or highly wet products, making them superior for the extrusion of pet food with high rates of fresh meat and meat slurries and low-starch fish feed. These new extruders are fully compatible with the expansion control system (ECS) and the tried-and-true Andtriz Flextex technology for managing the particular energy consumed by the process.
The pet food extrusion market report table of contents includes:
1. Executive Summary
2. Pet Food Extrusion Market Characteristics
3. Pet Food Extrusion Market Trends And Strategies
4. Pet Food Extrusion Market - Macro Economic Scenario
5. Global Pet Food Extrusion Market Size and Growth
…
32. Global Pet Food Extrusion Market Competitive Benchmarking
33. Global Pet Food Extrusion Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pet Food Extrusion Market
35.Pet Food Extrusion Market Future Outlook and Potential Analysis
36. Appendix
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Global Pet Food Extrusion Market OutlookPet food extrusion market is expected to grow at a growth rate of 5.80% in the forecast period of 2020 to 2027.
Data Bridge Market Research report on pet food extrusion market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.The Pet Food Extrusion market standpoint segment primarily incorporates essential elements of the market which include drivers, opportunities, restraints and challenges faces by the business.
Drivers and Restraints are characteristic elements though openings and difficulties are extraneous components of the businessGlobal Pet Food Extrusion Market Competitive LandscapeThe “Worldwide Pet Food Extrusion Market” study report will give a significant knowledge an accentuation on Global market including a portion of the significant players like AMERICAN EXTRUSION INTERNATIONAL, ANDRITZ AG, Baker Perkins, Clextral S.A.S, Diamond America, Mars, Incorporated, Pavan Srl, The Bonnot Company, Bühler Group and The J.M.
Our market examination additionally involves a part exclusively devoted for such significant players wherein our experts give a knowledge to the fiscal summaries of the multitude of significant players, alongside its item benchmarking and SWOT investigation.
The cutthroat scene segment likewise incorporates key advancement methodologies, piece of the pie and market positioning investigation of the previously mentioned players internationally.Get a Special Sample Report with Detailed Table of Contents: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-pet-food-extrusion-marketMarket Scope and Market SizeBy Types Analysis: Complete Diets and Treats & Other Complementary ProductsAnimal Type: Dogs, Cats, Birds, Fish and OthersIngredient: Animal Derivatives, Vegetables & Fruits, Grains & Oilseeds, Vitamins & Minerals, Additives and OthersProcess: Hot Extrusion, Cold ExtrusionExtruder Type: Single Screw Extruder, Twin Screw ExtruderThe benefits for the Pet Food Extrusion are driving the development if the market for the Pet Food Extrusion Industry.
These variables incorporate the further developed productivity of the framework, cost effectiveness, the anticipation of disappointment with the execution of the Pet Food Extrusion just as expanded confirmation of administrator wellbeing.
