The Animal And Pet Food Global Market Report 2023 by The Business Research Company, provides animal and pet food market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Animal And Pet Food Global Market Report 2023, the market size is expected to grow from$366.13 billion in 2022 to $398.07 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size global animal and pet food market is expected to grow to $534.36 billion in 2027 at a CAGR of 7.6%.
The animal and pet food market's growth is aided by the stable economic growth forecasted in many developed and developing countries.
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The animal and pet food market is segmented:
1) By Type: Pet Food, Animal Food
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic
Top Major Players
Cargill Incorporated
Nestle S.A.
New Hope Liuhe Co. Ltd.
Charoen Pokphand Foods PCL
Bunge Limited
Pet food manufacturing companies are using automation technologies such as advanced production lines and software solutions to improve safety and operational efficiency. These technologies automate formulation, extrusion, batching, drying, coating, and liquid delivery processes. This results in cost-effective processing and consistent product quality. For example, Champion Petfoods, a Canadian producer of pet food, has video-monitored production lines, with cooking processes connected through Rockwell hardware and software systems. It also uses bulk bins and conveying systems, votator heat exchangers, and advanced extrusion and drying systems. United Pet Group’s pet food manufacturing plant in St. Louis used FactoryTalk software from Rockwell Automation to reduce overtime by 10% and increase labor efficiency by 15%.
The animal and pet food market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Animal And Pet Food Market Characteristics
4. Animal And Pet Food Market Product Analysis
5. Animal And Pet Food Market Supply Chain
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22. Key Mergers And Acquisitions In The Animal And Pet Food Market
23. Market Background: Food And Beverages Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
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