Research
Nester released a report titled “Pet
Food Processing Market: Global Demand Analysis & Opportunity Outlook
2029” which delivers detailed overview of the pet food processing market in
terms of market segmentation by application, form, processing equipment type
and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
With the rising
economic growth, changes in family structure have taken place giving rise to
the growth of nuclear families. Additionally, hectic lives are taking a toll on
the mental health of the populations. Owing to these factors, the popularity of
pet adoption has grown considerably in the recent years. The pet food
processing market is anticipated to attain a significant CAGR during the period
2021-2029.
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Report Sample@ https://www.researchnester.com/sample-request-2837
The
market is segmented by application into dog food, cat food and others, out of
which the dog food segment is anticipated to grow significantly during the
forecast period owing to the increase in dog population around the globe. The Pet
Food Manufacturers Association (PFMA), in one of its survey statistics of over
8000 people, stated that dog population touched 9.0 million in the year 2020 from
5.1 million in the year 1970.
On the basis of regional
analysis, the global pet food processing market is segmented into five major
regions including North America, Europe, Asia Pacific, Latin America and Middle
East & Africa region.
The
market in North America is anticipated to hold the largest market share on the
back of increasing investments in pet food processing technology and the
growing demand for convenient pet food products.
The Asia
Pacific pet food processing market, on the other hand, is anticipated to record
the highest CAGR owing to the rising disposable income of individuals and
increasing popularity of pet adoption.
Growing Demand for Pet Food for
Different Types of Pets to Drive the Market Growth
The demand
for pet foods of different shapes, sizes and nutritional value has grown owing
to the increasing awareness about pet health and for the increasing adoption of
different type of pets by the pet owners. Companies have been investing heavily
to develop the pet food processing technology to manufacture the differentiated
products, which is anticipated to propel the market growth during the forecast
period.
However,
high initial investments and the intense competition between key players are
expected to operate as key restraints to the growth of the global pet food
processing market over the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the global pet food
processing market which includes
company profiling of Andritz Group (VIE: ANDR), The
Middleby Corporation (NASDAQ: MIDD), Baker Perkins Limited,
Precision Food Innovations, Clextral, Mepaco, Bühler AG, ProBake Inc., Fusion
Tech Integrated, Inc. and Scansteel Foodtech A/S. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global pet food processing market that
will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
Request
Report Sample@ https://www.researchnester.com/sample-request-2837
Research
Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market
research and consulting with an unbiased and unparalleled approach towards
helping global industrial players, conglomerates and executives for their
future investment while avoiding forthcoming uncertainties. With an
out-of-the-box mindset to produce statistical and analytical market research
reports, we provide strategic consulting so that our clients can make wise
business decisions with clarity while strategizing and planning for their
forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new
horizon, provided a right guidance at a right time is available through
strategic minds.
Contact for more
Info:
AJ
Daniel
Email:
info@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
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