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Pet food processing Market Expected to Register a CAGR of More Than 8.1% During Forecast 2021-2027

December 21st, 2021 12:16 PM

The global pet food processing market size is projected to grow from USD 4.6 billion in 2020 to USD 7.3 billion by 2026, recording a CAGR of 5.3% during the forecast period. The increasing trend of product premiumization among pet food manufacturers and the rising acceptance of pets across regions are factors that are projected to contribute to the growth of the market during the forecast period.

Furthermore, the increasing consumer trends related to pet food products, such as the increasing preference for high-quality commercial pet food products, are projected to encourage processing equipment manufacturers to opt for specialized and innovative machinery for pet food production. These factors are projected to drive the market growth. Convenience benefits related to dry organic and natural pet food is projected to drive the product demand. Unlike most conventional pet foods, organic and natural pet foods are being used on a large scale.

Growing dog food demand along with higher traction in the premium pet food segment is anticipated to drive the pet food market over the forecast period. Dry food is witnessing rapid growth in demand as compared to other product counterparts owing to its convenience in terms of storage and feeding pets without creating a mess. This is positively influencing urban consumers to increasingly opt for dry pet food.

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Global Pet Food Processing Market Key Segments:

On the Basis of Type: Mixing & Blending Equipment, Forming Equipment, Baking & Drying Equipment, Other

On the Basis of Application: Dog, Cat, Other

On the Basis of Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

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The Pet Food Processing market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Pet Food Processing in inspection-related applications in the manufacturing fields.

However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.

TABLE OF CONTENTS

Chapter 1. Executive Summary

Chapter 2. Research Methodology

Chapter 3. Market Outlook

Chapter 4. COVID-19 Impact on Pet Food Processing Market

Chapter 5. Global Pet Food Processing Market Overview, By Application, 2015 – 2027(USD Million)

Chapter 6. Global Pet Food Processing Market Overview, By Distribution Channel, 2015 – 2027(USD Million)

Chapter 7. Global Pet Food Processing Market Overview, By Geography, 2015 – 2027(USD Million)

Chapter 8. North America Pet Food Processing Market Overview, By Countries, 2015 – 2027(USD Million)

Chapter 9. Europe Pet Food Processing Market Overview, By Countries, 2015 – 2027(USD Million)

Chapter 10. Asia Pacific Pet Food Processing Market Overview, By Countries, 2015 – 2027 (USD Million)

Chapter 11. Middle East & Africa Pet Food Processing Market Overview, By Countries, 2015 – 2027 (USD Million)

Chapter 12. South America Pet Food Processing Market Overview, By Countries, 2015 – 2027 (USD Million)

Chapter 13. Competitive Landscape

Chapter 14. Key Vendor Analysis

Chapter 15. Pet Food Processing Market Cost Analysis

Chapter 16. Sourcing Strategy and Downstream Buyers

Chapter 17. Marketing Strategy Analysis, Distributors/Traders

Chapter 18. Market Effect Factors Analysis

Chapter 19. Future Outlook of the Market

Reasons to Buy the Report:

  • Learn about the driving factors, affecting the market growth.
  • Imbibe the advancements and progress in the market during the forecast period.
  • Understand where the market opportunities lie.
  • Compare and evaluate various options affecting the market.
  • Pick up on the leading market players within the market.
  • Envision the restrictions and restrains that are likely to hamper the market.

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