DUBLIN--(BUSINESS WIRE)--The "Pet Food Extrusion Market by Extruded Pet Food Products (Type (Complete Diets and Treats), Animal Type (Dogs, Cats, Fish, and Birds), and Ingredient), by Pet Food Extruder Equipment (Type (Single and Twin Screw)) & Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The pet food extrusion market is projected to grow at a CAGR of 5.6% over the next five years, to reach USD 72.64 Billion by 2022.
The increasing demand for extruded pet food has fueled the demand for pet food extrusion equipment as these equipment enhance the quality of pet food along with the shaping and sizing benefits, which helps meet the demand for premium and super premium food products for pets with a long shelf life and high bacterial safety. Thus, manufacturers are expanding their capabilities to meet the increasing demand for pet food. The type of extrusion equipment required depends on the extrusion process, type of pet food, ingredient type, amount, and cooking time in relation to the desired maximum capacity.
North America is estimated to occupy the largest share of the global pet food extrusion market, in terms of value, in 2017, owing to the booming pet food processing industry and presence of major companies such as Mars and Nestle. The South American and Asia Pacific regions are projected to be fast-growing during the forecast period. Key players in Europe and the US focus on tapping the pet food extrusion market in countries such as India and China, owing to which Asia Pacific is expected to witness high growth in the coming years.
The stringent rules and regulations with regard to certification, sterilization, hygiene, and labeling of ingredients are the major factors restraining the growth of the extruded pet food products market, globally. The major challenges faced by the pet food product processors/manufacturers are the capital investment for equipment and threat for counterfeit products.
Market Dynamics
Drivers
- Rising Expenditure in Pet Industry
- Pet Humanization
- Rapid Urbanization
Restraints
- Stringent Rules and Regulations
Opportunities
- Improved Equipment and Technologies
- Shift in Focus Toward Natural and Grain-Free Products
- Emerging Regional Markets
Challenges
- Capital Investments for Equipment
- Threat From Counterfeit Products
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Extruded Pet Food Products Market, By Type
7 Extruded Pet Food Products Market, By Ingredient
8 Extruded Pet Food Products Market, By Animal Type
9 Pet Food Extrusion Equipment Market, By Type
10 Pet Food Extrusion Equipment Market, By Process
11 Pet Food Extrusion Market, By Region
12 Competitive Landscape
13 Company Profiles
- American Extrusion International
- Andritz
- Baker Perkins
- Brabender
- Bhler
- Clextral
- Coperion
- Diamond America
- Doering Systems
- Kahl Group
- Lindquist Machine
- Mars
- Nestl
- Pavan Group
- The Bonnot Company
- The J.M. Smucker Company
For more information about this report visit https://www.researchandmarkets.com/research/mk65k3/global_pet_food?w=4
