Global Pet Food Processing Market Size is Projected to Grow to USD 6.2 Billion by 2026, Recording a CAGR of 5.0% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 11, 2020--
The “Pet Food Processing Market by Type (Mixing & Blending Equipment, Forming Equipment, Baking & Drying Equipment, Cooling Equipment, Coating Equipment), Form (Dry, Wet), Application (Dog Food, Cat Food, Fish Food), and Region - Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
Increasing pet adoption and pet acceptance are factors projected to drive the market growth.
The increasing trend of pet adoption and rising acceptance of pets across regions due to the increasing disposable income are the key factors that are projected to drive the growth of the pet food processing market. In addition, the introduction of new technologies in the pet food sector also provides growth opportunities for the growth of the pet food sector. Due to the increasing demand for nutrition-rich pet food, manufacturers are focusing on investing in new ingredients. This has further increased the demand for specialized equipment and is projected to drive the growth of the pet food processing market globally. However, the depreciation of processing equipment for pet food production over the years is a key factor that is projected to inhibit the growth of the market.
The forming equipment segment is projected to dominate the market during the forecast period.
Forming equipment form the base for pet food production. The extrusion technology is a part of forming equipment and crucial for advanced pet food processing. Companies are increasingly investing in new and innovative extrusion solutions. With the ever-changing consumer demand for different pet food products, the demand for extrusion equipment is projected to remain high. This trend of extrusion-based manufacturing in the pet food sector is projected to drive the demand for forming equipment. Thus, this segment is projected to dominate the market during the forecast period.
The wet form of pet food is projected to grow at a higher growth rate during the forecast period.
Wet pet food comprises high moisture content and has a high amount of essential proteins. It includes canned food, semi-moist, and gravy treats for pets. Although wet pet food is comparatively less economical, increasing awareness among pet owners about high-quality nutrient-rich pet food products and the increasing trend of pet food product premiumization are factors that are projected to drive the growth of the wet segment during the forecast period.
The Asia Pacific region is projected to be the fastest-growing market during the forecast period.
The Asia Pacific region projected to grow at the highest CAGR between 2019 and 2026. The rising urbanization across the developing countries in this region is a key factor that is projected to drive the demand for pet food products. The increasing demand for pet food in the Asia Pacific region is also projected to create growth opportunities for pet food processing manufacturers in this region. The growth is attributed to the increasing investments in the pet food industry and the growing pet food sector in countries such as China, India, Japan, and Thailand.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall pet food processing market and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions for the Study
2.5 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Growth Opportunities in the Pet Food Processing Equipment Market
4.2 Pet Food Processing Equipment Market, By Form, 2018
4.3 North America: Pet Food Processing Equipment Market, By Key Application and Country
4.4 Pet Food Processing Equipment Market, By Type and Region, 2018
4.5 Pet Food Processing Equipment Market, By Key Country, 2018
5 Market Overview
5.2 Market Dynamics
5.3 Pet Food Processing Flowchart
5.4 Patent Analysis
5.6 YC and YCC Shift
6 Pet Food Processing Equipment Market, By Type
6.2 Mixing & Blending Equipment
6.3 Forming Equipment
6.4 Baking & Drying Equipment
6.5 Coating Equipment
6.6 Cooling Equipment
6.7 Other Types
7 Pet Food Processing Equipment Market, By Form
8 Pet Food Processing Equipment Market, By Application
8.2 Dog Food
8.3 Cat Food
8.4 Fish Food
8.5 Other Applications
9 Pet Food Processing Equipment Market, By Region
9.2 North America
9.4 Asia Pacific
9.5 South America
9.6 Rest of the World
10 Competitive Landscape
10.2 Competitive Leadership Mapping
10.3 Competitive Benchmarking
10.4 Competitive Scenario
10.5 Competitive Leadership Mapping (Startup/SME)
10.6 Competitive Benchmarking
11 Company Profiles
11.1 Andritz Group
11.2 Buhler Holding AG
11.3 The Middleby Corporation
11.4 GEA Group
11.5 Baker Perkins LTD.
11.6 Clextral SAS
11.7 Precision Food Innovations
11.8 Mepaco Group
11.9 Coperion GmbH
11.10 F.N. Smith Corporation
11.11 Reading Bakery Systems
11.13 Gold Peg International Pty LTD.
11.14 Jinan Darin Machinery Co. LTD.
11.16 Fusion Tech Integrated, Inc.
11.17 Automated Process Equipment Corporation (APEC)
11.18 Scansteel Foodtech
11.19 Jinan Bright Machinery Co. LTD.
11.20 Jinan Qunlong Machinery Co. LTD.
For more information about this report visit https://www.researchandmarkets.com/r/bzy3rp
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KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: FOOD/BEVERAGE CONSUMER RETAIL PETS SPECIALTY
SOURCE: Research and Markets
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PUB: 02/11/2020 09:48 AM/DISC: 02/11/2020 09:48 AM