The Business Research Company’s Pet Food Extrusion Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Pet Food Extrusion Global Market Report 2023 evaluates pet food extrusion market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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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%.
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, up from 40% in 2019. Therefore, the growing pet population is driving the growth of the pet food extrusion market.
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The pet food extrusion market segments in the report are:
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
The table of contents in TBRC’s pet food extrusion market report includes:
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
5. Pet Food Extrusion Market Segmentation
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26. South America Pet Food Extrusion Market
27. Brazil Pet Food Extrusion Market
28. Middle East Pet Food Extrusion Market
29. Africa Pet Food Extrusion Market
30. Pet Food Extrusion Market Competitive Landscape And Company Profiles
Top Major Players:
- Nestlé S.A
- Mars Petcare Inc
- Andritz AG
- The J.M. Smucker Company
- Ingredion Incorporated
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