The pet food processing market is undergoing rapid transformation due to increased pet ownership, pet humanization, and strong focus on health and wellness. The premiumization trend is increasing the demand for high quality and functional ingredients. This growth, coupled with increased e-commerce sales and the push for sustainability, presents both lucrative opportunities and challenges.
NEW DELHI, February 26, 2024 (GLOBE NEWSWIRE) — The global pet food processing market is valued at USD 5,296.3 million in 2023, showing strong potential and increasing market share, according to Astute Analytica. It is predicted to exceed the size of the US dollar. 8.703 billion by 2032, driven by a CAGR of 5.67% during the forecast period 2024-2032.
The pet food processing market is undergoing major changes. Pet owners want transparency, personalized solutions, and health-focused nutrition. The focus on pet health has sparked a microbiome revolution. Just as human nutrition is moving in this direction, prebiotics, probiotics, and postbiotics formulated for pets will soon become ubiquitous. He says 30% of pet owners around the world are willing to pay more for foods with scientifically proven health benefits, making therapeutic nutritional therapy more appealing. It is being developed. This may also overlap with veterinary medicine, which manages conditions such as obesity, allergies, and cognitive decline.
Sustainability is a major concern that cannot be put aside. Combating food waste has become a top priority as upcycled ingredients from food production enter the pet food supply chain. This not only benefits the environment, but also introduces new types of nutrients to your pet's diet. Personalization is not limited to humans. Thanks to AI and predictive analytics, we can now feed kibble blends tailored to animals based on breed, age, health history, and activity level.
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But of course, there are challenges ahead for the pet food processing market. As our pace of innovation slows as we navigate regulations around therapeutic ingredients, maintaining long-term trust in our products requires a balance between scientific accuracy and consumer-friendly marketing. It should be at the top of our list. Supply chain instability and acceptance of novel proteins could also be a significant setback compared to other markets. However, the numbers look good. By 2032, the global market value is predicted to reach $150 billion. Companies that are currently leading the way in innovation, such as Mars Petcare, Nestlé Purina, Farmina, Hill's Pet Nutrition, and Royal Canin, will likely continue to increase sales as they have in the past.
Key findings in the pet food processing market
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Market forecast (2032) |
8,007.3 million USD |
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CAGR |
5.67% |
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Largest region (2023) |
North America (36.2%) |
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By type |
Processing equipment (28.9%) |
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By form |
Dry pet food (72.9%) |
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By use |
Dog food (40.4%) |
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By distribution channel |
Online (86.2%) |
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top trends |
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top driver |
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biggest challenge |
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Pet food processing equipment Leads the pet food processing market with revenue contribution of over 29%
The pet food processing equipment segment is one of the fastest growing segments in the booming pet food industry. The rapid expansion of the pet food industry has led to a rapid increase in the popularity of processed pet foods (kibbles, wet foods, and treats) and an increase in manufacturers' ability to add new ingredients, create special textures, and premiumize products to meet the highest quality demands. Driven by trends. Possible safety standards. In addition to all this, efficiency and labor issues demand automation. This surge in demand has led to significant investment in technologically advanced equipment.
The easy availability of high-quality pet nutrition has led to overall growth in the global pet food processing market, and as the number of pets grows, so does the demand for processed foods. Labor shortages and rising costs have made automation solutions essential for manufacturers. As sustainability becomes more socially important, so too does resource conservation. This means that consumers are looking for products through systems that maximize efficiency while minimizing environmental impact. Finally, although it now seems like common sense, food must be safe to eat before animals can eat it.
Looking forward, Astute Analytica expects continued innovation in pet food processing equipment, driven by the evolving demands of pet owners and the industry's commitment to high-quality, healthy and sustainable pet nutrition .
Dry pet food processing generates more than 72% of the total food processing market revenue, but faces challenges
Although dry pet food is convenient and inexpensive, there are manufacturing complexities that many people are unaware of. Nutrients are burned during the high temperature process. Some companies in the pet food processing market combine different methods to ensure that your pet's nutrients remain intact. Obtaining many raw materials at once also poses problems for suppliers who need to maintain a steady supply of them. Not only is quality important, it also needs to be traceable and sustainable. Dry pet food manufacturers are always trying to compete with wet food and even fresh food. Flavor can be completely lost if stored for too long, so continuous innovations are being made to improve taste while preserving long shelf life. It is known that when dry pet food is left on the shelf for long periods of time, nutritional stability as well as overall product quality is compromised.
Strict pet food safety regulations are a good thing, but they can cause problems down the road. The process of getting new ingredients approved by regulators is time-consuming and expensive. This goes double for evidence of therapeutic efficacy. These prevent health-focused formulations from entering the pet food processing market compared to the human supplement market. Incorporating probiotics into dry food means that these beneficial bacteria survive the extrusion process and remain viable long-term, but it quickly becomes complicated. Conversely, understanding what prebiotic fibers promote pet microbiome health requires extensive research and species-specific considerations…translating these benefits to consumers in an effective way. Communication requires clarity with scientific backing to build trust in this evolving field of pet nutrition.
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Cat food sector poised for profitable growth
The cat food processing market is poised to experience significant revenue growth. A number of factors are coming together and this is becoming more clear. Cat ownership is increasing around the world, with Europe alone caring for 127.2 million cats, and a quarter of EU households owning at least one cat. Cat owners are starting to think of their cats as part of the family and are increasingly demanding higher quality food. This is evidenced by the 16.6% increase in dry cat food sales and 17.6% increase in wet cat food sales in Spain. This increased demand is outstripping supply, and Pet Food Processing Co. acknowledged this when it announced its new product. In just one year, he has 94 new products for dogs and only 21 new products for cats. Usually overshadowed by dogs, cat food innovation is accelerating as companies realize how much money they can make if they let their guard down a little. Additionally, the rise of e-commerce and cat-loving Millennials and their Gen Z population living in small urban areas will further drive this favorable growth trajectory.
North America and Europe are home to the global pet food processing market
North America and Europe dominate the global pet food processing market, with North America leading the pack. More than 70% of households in the United States own pets, and approximately 91 million households in Europe do so as well. Dogs are the most popular dog in the United States (more than 69 million households own one), and cats dominate in overall numbers across Europe. While dry pet food has a high percentage of wins, especially in North America, wet food has a larger share in the European market. It's clear that consumers in both regions want premium options. High quality, organic, natural, human grade ingredients. Quality is a top priority for many customers, with more than half of pet owners prioritizing foods that provide functional benefits. Sustainability is also important, with ethical sourcing and eco-friendly packaging forming key decision factors for consumers. E-commerce is taking over the sales channel in both regions as the retail industry becomes increasingly digital. The North American market is worth billions of dollars. It is projected to reach $5.85 billion by 2029. Europe follows in terms of amounts exceeding $1 billion.
Premium food sales have outpaced overall growth, and super-premium is now the fastest growing segment of the U.S. pet food processing market. Meanwhile, e-commerce sales are experiencing significant growth. This shows that health-conscious pet parents aren't afraid to break into the piggy bank for their pets. Cats may not be as popular as dogs in the United States, but cats are within 13% of all pets in the United States. Europe also has a special place for them, but dog ownership still remains strong. Tightening EU regulations on ingredients and labeling are having a major impact on how Europeans approach pet shopping. As with all animals, one thing is clear. That said, people want special products made just for their furry friends. Demand continues to soar, even though household titles such as Poland and Hungary already consume exorbitant amounts of pet food.
Key players in the global pet food processing market
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ANDRITZ AG
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Baker Perkins Co., Ltd.
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Buehler Holding AG
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Crestral SAS
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FN Smith Co., Ltd.
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GEA Group AG
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mepaco group
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Precision food innovation
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leading bakery system
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Shandong Chengyang Machinery Co., Ltd.
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The Middleby Corporation
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Other notable players
Main segmentation:
By type
By form
By use
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dog food
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cat food
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fish food
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others
By distribution channel
By region
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