Press release
Robust Growth in Pet Food Extrusion Market: Forecasts $120.36 Billion Worth by 2029 At A CAGR Of 7.5%
Robust Growth in Pet Food Extrusion Market
With a marked uptick in industrialized pet food production and custom diets, the global pet food extrusion industry is projected to witness robust growth.
What Is The Projected Market Size Of The Global Pet Food Extrusion Market And Its Growth Rate?
The Global Pet Food Extrusion Market has witnessed considerable growth and is expected to continue on this trajectory:
- The market size was worth $84.37 billion in 2024
- The market is set to grow to $90.14 billion in 2025 at a CAGR of 6.8%
- Expected to reach $120.36 billion by 2029 at a CAGR of 7.5%
These growth rates are largely influenced by factors including industrialization of pet food production, market expansion, and demand for specialized pet diets.
What Is Driving The Growth In The Pet Food Extrusion Market?
The growth of the pet food extrusion market is largely driven by the increase in pet adoption. As pets become a common household feature, the demand for high-quality pet food continues to rise, thus bolstering market growth. For instance, in 2021, around 977,202 pets were adopted in the US, a six-year record high. Similarly, in Australia, almost half of households have at least one dog, highlighting the rise in the pet population which in turn fuels market growth.
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Who Are the Key Players Driving Pet Food Extrusion Market Growth?
The pet food extrusion market is seeing significant contributions from a variety of major companies including:
- 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
What Are The Key Trends In The Pet Food Extrusion Market?
The pet food extrusion market is marked by several emerging trends:
- Fresher and refrigerated options
- Transparent and ethical sourcing
- Immune-boosting formulations
- Holistic and whole-food approaches
What Are The Segments Of The Global Pet Food Extrusion Market?
The pet food extrusion market can be segmented into:
1. Extruder Type: Single Screw, Twin Screw
2. Process: Hot Extrusion, Cold Extrusion
3. Type: Complete Diets, Treats, Other Types
4. Ingredient: Animal Derivatives, Vegetables And Fruits, Grains And Oilseeds, Vitamins And Minerals, Additives, Other Ingredients
5. Animal Type: Dog, Cat, Fish, Birds, Other Animal Types
Which Region Leads The Pet Food Extrusion Market?
In 2024, North America held the largest share in the pet food extrusion market, driven by a robust pet population and responsive market. However, Asia-Pacific is forecasted to grow at a faster rate in the coming years.
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What Is Covered In The Pet Food Extrusion Market Global Market Report?
- Market Size Analysis: Analyze the Pet Food Extrusion Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pet Food Extrusion Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pet Food Extrusion Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pet Food Extrusion Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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