Pet Food Extrusion Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Pet Food Extrusion Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $110.92 billion In 2028 At A CAGR Of 7.1%.

The pet food extrusion market size has grown strongly in recent years. It will grow from $78.89 billion in 2023 to $84.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to industrialization of pet food production, market expansion for pet food, texture and shape innovation, preservation of nutritional value, demand for specialized pet diets.

The pet food extrusion market size is expected to see strong growth in the next few years. It will grow to $110.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to pet humanization trend, expansion of premium pet foods, sustainable ingredient sourcing, personalized and customized diets, rise in plant-based formulations. Major trends in the forecast period include fresher and refrigerated options, transparent and ethical sourcing, immune-boosting formulations, holistic and whole food approaches.

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Pet Food Extrusion Market Major Segments
The pet food extrusion market covered in this report 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

Key Driver - Pet Population Sparks Surge In Pet Food Extrusion Market

The growing pet population is expected to propel the growth of the pet food extrusion market going forward. 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. For instance, in 2021, according to Chewy, Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US in 2021, which resulted in the highest adoption rate of 61% in the past six years. For another instance, in November 2022, according to a national survey of pets and people published by Animal Medicines Australia (AMA), an Australia-based industry body representing the leaders of the animal health industry in Australia, about half of Australian households had at least one dog, making them the most common pet. In 2022, 48% of households had dogs. Therefore, the growing pet population is driving the growth of the pet food extrusion market.

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Prominent Trend - Technological Advancements Transform The Landscape Of Pet Food Extrusion Market

Technological advancements are a key trend gaining popularity in the pet food extrusion market. 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.

Pet Food Extrusion Market Players
Major companies operating in the pet food extrusion market report are Nestlé S.A., Mars Petcare Inc., Andtriz AG, The J.M. Smucker Company, Ingredion Incorporated, SunPring, Buhler Industries Inc., Pavan Group, Reading Bakery Systems Inc., Clextral SAS, Brabender GmbH & Co. KG, Baker Perkins Ltd., Lindquist Machine, American Extrusion International, Nanjing Haisi Extrusion Equipment Co. Ltd., Diamond America Corporation, Doering Systems Inc, Coperion Ideal Private Limited, The Bonnot Company, IDAH Company, Shandong Loyal Industrial Co. Ltd., Kairong Group, Kahl Group, Wenger Manufacturing Inc., Triott Group.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the pet food extrusion market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet food extrusion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pet Food Extrusion Market Report Structure
3. Pet Food Extrusion Market Trends And Strategies
4. Pet Food Extrusion Market - Macro Economic Scenario
5. Pet Food Extrusion Market Size And Growth
…..
27. Pet Food Extrusion Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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