Animal And Pet Food Global Market To Reach Value Of About $406 Billion In 2025
17 Jun, 2021
The animal and pet food market consists of sales of animal and pet foods by entities (organizations, sole traders and partnerships) that produce food and feed for animals and pets from ingredients, such as grains, oilseed mill products, and meat products.
Global Animal And Pet Food Market Size And Drivers:
The global animal and pet food market is expected to grow from $305.86 billion in 2020 to $318.38 billion in 2021 at a compound annual growth rate (CAGR) of 4.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $406.35 billion in 2025 at a CAGR of 6%. The animal and pet food market growth is aided by stable economic growth forecasted in many developed and developing countries.
Request For A Sample For The Global Animal And Pet Food Market Report:
Trends In The Global Animal And Pet Food Market
Pet food manufacturing companies are using automation technologies such as advanced production lines and software solutions to improve safety and operational efficiency. These technologies automate formulation, extrusion, batching, drying, coating and liquid delivery processes. This results in cost-effective processing and consistent product quality. For example, Champion Petfoods, a Canadian producer of pet food, has video monitored production lines, with cooking processes connected through Rockwell hardware and software systems. It also uses bulk bins and conveying systems, votator heat exchangers and advanced extrusion and drying systems.
Global Animal And Pet Food Market Segments:
The global animal and pet food market is further segmented based on type, distribution channel, ingredients and geography.
By Type: Pet Food, Animal Food
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic
Sub segments Covered: Dog And Cat Food, Other Pet Food, Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food
By Geography: The global animal and pet food market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global animal and pet food market, accounting for 33% of the market in 2020.
Read More On The Report For The Global Animal And Pet Food Market At:https://www.thebusinessresearchcompany.com/report/animal-and-pet-food-global-market-report-2020-30-covid-19-impact-and-recovery
Animal And Pet Food Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides animal and pet food market overviews, analyzes and forecasts market size and growth for the global animal and pet food market, animal and pet food market share, animal and pet food market players, animal and pet food market segments and geographies, animal and pet food market’s leading competitors’ revenues, profiles and market shares. The animal and pet food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.