DUBLIN, Feb. 14, 2020 /PRNewswire/ -- 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.
The Global Pet Food Processing Market is projected to grow to US$ 6.2 billion by 2026, recording a CAGR of 5%.
This study covers the pet food processing market and aims at estimating the market size and its growth potential across different segments, such as application, form, type, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
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 Topics Covered
1 Introduction
2 Research Methodology
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
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth of Premiumization Across the Pet Food Category
5.2.1.2 Rising Acceptance of Pets
5.2.1.3 Rising Awareness Among Pet Owners to Use Healthy Food with Proactive Ingredients
5.2.1.4 Growing Investments by Pet Food Processing Equipment Companies
5.2.1.5 Growing Demand for Extruded Products
5.2.2 Restraints
5.2.2.1 Depreciating Processing Capability of Equipment Used for Pet Food Processing
5.2.3 Opportunities
5.2.3.1 New Technologies Being Used in the Pet Food Processing Industry
5.2.3.2 Reintroducing the Concept of Convenience Food Through Supermarkets and Hypermarkets Will Help Boost the Pet Food Processing and Equipment Industry
5.2.4 Challenges
5.2.4.1 Presence of Various Regulations in the Pet Food Processing Industry
5.3 Pet Food Processing Flowchart
5.4 Patent Analysis
5.5 Regulations
5.6 YC and YCC Shift
6 Pet Food Processing Equipment Market, By Type
6.1 Introduction
6.2 Mixing & Blending Equipment
6.2.1 Application of New and Innovative Ingredients Will Promote the Usage of Mixing & Blending Equipment
6.3 Forming Equipment
6.3.1 New Extrusion Technologies in Pet Food Processing Driving the Market for Forming Equipment
6.4 Baking & Drying Equipment
6.4.1 Necessity of Baking Pet Food Treats to Enhance the Taste Will Drive the Market Growth of Baking & Drying Equipment
6.5 Coating Equipment
6.5.1 Application of New Colorants to Enhance the Attractiveness of Pet Food
6.6 Cooling Equipment
6.6.1 Application of Animal-Based Products for the Formation of Pet Food Makes Cooling Equipment Essential for the Market
6.7 Other Types
6.7.1 Proper Processing of Pet Food is Required to Deliver the Desired Results, Which Help the Usage of Stuffing Or Pumping Equipment in Pet Food Processing
7 Pet Food Processing Equipment Market, By Form
7.1 Introduction
7.2 Dry
7.2.1 Consumer Preferences have Evolved Owing to the Convenience and Cost-Effectiveness of Dry Food
7.3 Wet
7.3.1 Growing Demand for Premium Pet Food Will Drive the Overall Pet Food Processing Equipment Market
8 Pet Food Processing Equipment Market, By Application
8.1 Introduction
8.2 Dog Food
8.2.1 Growing Pet Humanization Will Drive the Pet Food Processing Market
8.3 Cat Food
8.3.1 Increasing Trend of Premiumization of Pet Food Will Drive the Market Growth
8.4 Fish Food
8.4.1 Cost-Effectiveness of Fish Food Will Drive Its Growth in the Coming Years
8.5 Other Applications
8.5.1 Changing Consumer Lifestyles and Rising Disposable Income Will Drive Market Growth
9 Pet Food Processing Equipment Market, By Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific
9.5 South America
9.6 Rest of the World
10 Competitive Landscape
10.1 Overview
10.2 Competitive Leadership Mapping
10.2.1 Dynamic Differentiators
10.2.2 Innovators
10.2.3 Visionary Leaders
10.2.4 Emerging Companies
10.3 Competitive Benchmarking
10.3.1 Strength of Product Portfolio
10.3.2 Business Strategy Excellence
10.4 Competitive Scenario
10.4.1 Expansions & Investments
10.4.2 New Product Launches
10.4.3 Mergers & Acquisitions
10.4.4 Agreements, Joint Ventures, and Partnerships
10.5 Competitive Leadership Mapping (Startup/SME)
10.5.1 Progressive Companies
10.5.2 Starting Blocks
10.5.3 Responsive Companies
10.5.4 Dynamic Companies
10.6 Competitive Benchmarking
10.6.1 Strength of Product Portfolio
10.6.2 Business Strategy Excellence
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 S.A.S.
11.7 Precision Food Innovations
11.8 Mepaco Group
11.9 Coperion GmbH
11.10 F.N. Smith Corporation
11.11 Reading Bakery Systems
11.12 Selo
11.13 Gold Peg International Pty. Ltd.
11.14 Jinan Darin Machinery Co. Ltd.
11.15 Probake
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/dlahnw
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
