Market Research Report
Pet Food Extrusion
|Pet Food Extrusion|
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 280 Pages
Delivery time: 1-2 business days
Global Pet Food Extrusion Market to Reach $90 Billion by 2027
Amid the COVID-19 crisis, the global market for Pet Food Extrusion estimated at US$62.5 Billion in the year 2020, is projected to reach a revised size of US$90 Billion by 2027, growing at aCAGR of 5.3% over the period 2020-2027. Complete Diets, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$62.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Treats & Other Types segment is readjusted to a revised 4.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $16.8 Billion, While China is Forecast to Grow at 8.8% CAGR
The Pet Food Extrusion market in the U.S. is estimated at US$16.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.5 Billion by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
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