Pet food is a high-quality animal food produced for the consumption of pets. The processing of pet food is carried out in several stages using various machines and human labor. The increasing preference and inclination towards the production of innovative products by the key players and the rising trend of pet food are foreseen to drive the global pet food processing market.
Surging demand for the premium products within the leading players of pet food manufacturers and the rising number of people keeping pets are some of the major factors likely to uplift the growth of the global pet food processing market within the forecast period. In addition, the rising inclination of the people towards high-end pet food products is another driver behind the market growth. It is also encouraging the players to turn towards modern machinery for the production process. This is foreseen to boost the growth in the global pet food processing market.
On one hand, COVID-19 has negatively affected the supply chain industry. Inferable from the limitations in the development of raw materials, the pet food sector also suffered in terms of income and supply. Then again, demand regarding the pet food sector saw a consistent development in numerous regions of the world as individuals brought more pets with the developing longing for friendship during the lockdown. To address this demand, the major parts of the market have moved their concentration from retail locations to internet business by expanding their interests in building up their own sites.
The global pet food processing market is widely classified into type, form, application, and region. The type segment is sub-divided into forming equipment, cooling equipment, mixing & blending equipment, dying & baking equipment, and coating equipment,. In terms of form, the global market is bifurcated into wet and dry. On the basis of application, the market sis segmented into fish food, cat food, dog food, and others.
Geographically, North America is estimated to lead the global pet food processing market within the forecast period. This is attributed to the rising trend in pet humanization leading to the increase in pet population. Moreover, there has been a significant rise in awareness among the pet parents has also raised the inclination of the players to follow the current safety and food regulations in the region. This is likely to sustain the region at the leading position in the future as well.
The leading companies in the global pet food processing market are The Middleby Corporation, Buhler Holding AG, Baker Perkins Ltd., Coperion GMBH, Clextral SAS, GEA Group, Andritz Group, Precision Food Innovations, Mepaco Group, F.N. Smith Corporation, Reading Bakery Systems, and Selo, among others.
A year ago, Blue Buffalo launched a range of cat food products, aiming to expand its portfolio and gain an edge over its competitors and fortify its position in the global market.