Pet Food Processing Market Size, Opportunities, Growth, Forecast 2028
Posted by Swati Tamhankar on November 16th, 2021
The global Pet Food Processing Market size is projected to grow from USD 4,853.5 Million in 2020 to USD 7,164.6 Million by 2028, recording a CAGR of 5.2% during the forecast period. A growing number of pet owners are very particular when it comes to choosing their pets\' goods. From ingredients to packaging lines, pet food producers are entirely rethinking their methods, their products, and even their production facilities. While the shift in consumer choices of pet owners is leading to many changes in the pet food industry, and earlier shifts first got manufacturers wondering pet food in additional human terms. All the pet food processing facilities began to take a critical look in their operations when the FDA announced that the food safety and modernization act would also regulate pet food. This led in the betterment of the food quality but resulted in a slow down for the manufacturers of the pet food.
The pet food processing market is driven by the attraction of healthy choices from human nutrition, which is also propelling the pet food manufacturers to produce higher and safer food for pets that have high nutritional and dietary benefits. Additionally, new startups are introducing new varieties of pet food at reasonable prices, which extends their presence within the domestic market and encourages adopting more pets due to the low prices offered in the local market.
While the FDA has discovered a link between cardiopathy and grain-free diets in dogs, some people still feel better feeding their pups a grain-free diet. Additionally, some dogs have food allergies to grains like wheat, rice, or corn. The merchandise ORIJEN has launched within the international market and contains a variety of plant proteins, including lentils, beans, and peas.
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Further key findings from the pet food processing report suggest
Segments covered in the report:
This pet food processing report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Reports and Data have segmented pet food processing market on the basis of application, form and region:
Based on Application, the pet food processing market has been segmented as follows: (Revenue, USD Million; 2020-2028)
Based on Form, the pet food processing market has been segmented as follows: (Revenue, USD Million; 2020-2028)
Based on the Type, the pet food processing market has been segmented as follows: (Revenue, USD Million; 2020-2028)
Regional Outlook (Revenue, USD Million; 2020-2028)
Key highlights of the Global Pet Food Processing Market Report:
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About the AuthorSwati Tamhankar
Joined: April 3rd, 2019
Articles Posted: 167
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