The global pet food extrusion market is anticipated to expand significantly, exhibiting a CAGR of 6.2% during the forecast period. The valuation of the market is expected to reach USD 78.57 billion in 2023. The market size of pet food extrusion is anticipated to surpass USD 143.39 billion by the year 2033.
Extrusion technology in pet food production is gaining popularity for its ability to incorporate all essential vitamins and minerals necessary for pets. This eliminates the need for supplemental meals or nutrients, enabling pet owners to easily provide their pets with a balanced and complete diet.
The growth of the pet food extrusion market is driven by increasing global awareness of animal health. The trend towards pet humanization and the growing demand for natural and grain-free products further accelerates market expansion. Additionally, rising investments in the pet industry and a growing preference for feeding products that enhance the performance and health of pets also influence market dynamics.
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The market has experienced significant growth due to increased investments in the pet industry, rising expenditures by pet owners on various pet foods, growing adoption of extrusion machines and equipment, and rising demand for premium food products catering to the health needs of pets living longer lives.
The increasing global pet population is a significant factor driving demand for extruded pet food products. Concurrently, the market is poised for growth in the forecast period, driven by escalating demand for food extrusion technologies.
Owing to the exponential growth of the pet food processing sector and the presence of significant corporations in the region, North America dominates the global pet food extrusion market. Given the increase in investments in the region, Asia Pacific is anticipated to have considerable growth throughout the forecast period.
Key Takeaways
- In China, the market is expected to reach a value of US$ 38.47 billion by 2033, expanding at a CAGR of 10.1% during the forecast period.
- During the projection period, a CAGR of 4.5% is anticipated for the market in Germany.
- During the projection period, a CAGR of 3.6% is predicted for the market in Japan.
- The complete diets segment is anticipated to secure a 6.7% CAGR to reach US$ 104.03 billion by 2033.
Competitive Landscape:
The top manufacturers of the pet food extrusion market are American Extrusion International, Andritz, Baker Perkins, Brabender, Buhler, Clextral, Coperion, Diamond America, Doering Systems, Kahl Group, Lindquist Machine, Mars, Nestle, Pavan Group, The Bonnot Company, The J.M. Smucker Company, and others.
To fulfill customer needs and stay competitive, manufacturers in the pet food extrusion industry are extending product lines, adding natural ingredients, emphasizing sustainability, adopting cutting-edge packaging, putting in place food safety procedures, and working with retailers. They want to retain a solid market position while enhancing quality and customer experience.
Recent Developments:
- In February 2021, across all Co-Ex MasterTM co-extrusion equipment, Baker Perkins enhanced process management, productivity, and sanitation.
- In January 2021, two brand-new twin-screw extruders for the pet food and aqua feed sectors were introduced by ANDRITZ.
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Pet Food Extrusion Market Segmentation
By Product Type:
- Complete Diets
- Treats
- Other
By Animal Type:
- Dog
- Cat
- Fish
- Birds
- Others
By Extruder Type:
- Single Screw
- Twin Screw
By Ingredient:
- Animal Derivatives
- Vegetables & Fruits
- Grains & Oilseeds
- Vitamins & Minerals
- Additives
- Others
By Process:
- Hot Extrusion
- Cold Extrusion
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