Pet Food Extrusion Market Demand, Growth Rate, Key Trends, Major Players And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Pet Food Extrusion Global Market Report 2023 identifies growing pet population as the major driver for the pet food extrusion market's growth in the forecast period. Pets refer to an animal kept in the home as a companion and treated kindly. Pet food extrusion refers to a method used to produce food following the needs or requirements of the pet population. It enables the production of pet food with high-quality ingredients while preserving its low retail price.

The global pet food extrusion market is expected to grow from $73.70 billion in 2022 to $78.89 billion in 2023 at a compound annual growth rate (CAGR) of 7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 pet food extrusion market is expected to reach $102.49 billion in 2027 at a CAGR of 6.8%.

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Major competitors in the pet food extrusion market are Nestlé S.A., Mars Petcare Inc., Andritz AG, The J.M. Smucker Company, Ingredion Incorporated, SunPring, Buhler Industries Inc., Pavan Group.

A key trend in the pet food extrusion market includes technological advancement. Major companies operating in the pet food extrusion market are focused on innovating new technologies to sustain their position in the market. For instance, in January 2021, Andritz AG, an Austria-based technology company, launched the ExTS-616 and ExTS-718, two new twin-screw extruders for the pet food and aquafeed industries. These are the ideal solution for processing viscous, greasy, sticky, or highly wet products, making them superior for the extrusion of pet food with high rates of fresh meat and meat slurries and low-starch fish feed. These new extruders are fully compatible with the expansion control system (ECS) and the tried-and-true Andtriz Flextex technology for managing the particular energy consumed by the process.

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The pet food extrusion market is segmented -
1) By Extruder Type: Single Screw, Twin Screw

2) By Process: Hot Extrusion, Cold Extrusion

3) By Type: Complete Diets, Treats, Other Types

4) By Ingredient: Animal Derivatives, Vegetables And Fruits, Grains And Oilseeds, Vitamins And Minerals, Additives, Other Ingredients

5) By Animal Type: Dog, Cat, Fish, Birds, Other Animal Types

•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the pet food extrusion market.

The Business Research Company's "Global Pet Food Extrusion Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Pet Food Extrusion Market Include:
1. Executive Summary
2. Pet Food Extrusion Market Characteristics
3. Pet Food Extrusion Market Trends And Strategies
4. Pet Food Extrusion Market - Macro Economic Scenario
……
32. Global Pet Food Extrusion Market Competitive Benchmarking
33. Global Pet Food Extrusion Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pet Food Extrusion Market
35. Pet Food Extrusion Market Future Outlook and Potential Analysis
36. Appendix

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