Pet Food Extrusion Global Market Report 2024

Pet food extrusion is a process utilized in the creation of pet food by blending, grinding, and heating the ingredients to form a ribbon-such as product, the extrudate, which is subsequently dried. This method serves to diversify food sources, improve the digestibility and absorption rates in animals, and mitigate digestive system issues.

The primary types of extruders employed in pet food extrusion are single-screw and twin-screw machines. A single-screw extruder operates by continuously pushing a mixture through a die using a single screw within a cylindrical barrel. The processes involved include hot extrusion and cold extrusion, which are utilized in the production of complete diets, treats, and other pet food products. Ingredients incorporated into pet food extrusion encompass animal derivatives, vegetables, fruits, grains, oilseeds, vitamins, minerals, additives, and other components tailored to provide nutrition for various animals, including dogs, cats, fish, birds, and other pets.

The pet food extrusion market research report is one of a series of new reports from The Business Research Company that provides pet food extrusion market statistics, including pet food extrusion industry global market size, regional shares, competitors with a pet food extrusion market share, detailed pet food extrusion market segments, market trends and opportunities, and any further data you may need to thrive in the pet food extrusion industry. This pet food extrusion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pet food extrusion market size has grown strongly in recent years. It will grow from $78.89 billion in 2023 to $84.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth observed during the historic period in pet food extrusion can be attributed to several key factors. These include the industrialization of pet food production, the expansion of the market for pet food products, innovations in texture and shape of pet food, efforts focused on preserving the nutritional value of pet food, and the rising demand for specialized diets tailored to specific pet health needs. These factors collectively contributed to the growth and development of pet food extrusion within the industry's historical context.

The pet food extrusion market size is expected to see strong growth in the next few years. It will grow to $110.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period within the pet food extrusion industry is expected to be fueled by various factors. These include the ongoing trend of pet humanization, the continual expansion of premium pet food varieties, a focus on sustainable ingredient sourcing practices, the emergence of personalized and customized pet diets, and the increasing popularity of plant-based formulations in pet food products. Key trends projected for this period encompass the introduction of fresher and refrigerated pet food options, an emphasis on transparent and ethical ingredient sourcing, the development of immune-boosting formulations in pet food, and a shift towards holistic and whole food approaches to pet nutrition. These trends are anticipated to significantly impact the market landscape and drive the growth of pet food extrusion in the forecasted period.

The anticipated growth in the pet population is poised to be a significant driver for the pet food extrusion market. Pets, regarded as animals kept in homes as companions and treated with kindness, form the basis for the demand in pet food extrusion-a method used to produce pet food tailored to the specific needs and requirements of this growing population. This method enables the production of high-quality pet food ingredients while maintaining a competitive retail price. For instance, in 2021, Chewy, Inc., a US-based online retailer of pet products, reported that there were approximately 977,202 pets adopted in the US in 2021, representing the highest adoption rate of 61% in the past six years. Additionally, according to a November 2022 national survey by Animal Medicines Australia (AMA), 48% of Australian households had dogs, making them the most common pet in the country. This surge in the pet population is a key factor driving the growth of the pet food extrusion market.

The ongoing trend of rising urbanization is also expected to contribute significantly to the expansion of the pet food extrusion market. Urbanization, defined as the migration of populations from rural to urban areas, leads to the growth and development of cities. Pet food extrusion plays a crucial role in supporting urbanization by providing convenient and nutritious pet food solutions for the increasing number of city dwellers with pets. As of April 2023, the World Bank Group reported that more than half of the global population currently resides in urban regions, with projections indicating a surge to 6 billion, marking a 1.5 times increase by 2045. This upward trajectory in urbanization is a driving force behind the growth of the pet food extrusion market.

The pet food extrusion market is witnessing a prominent trend in technological advancements, with major companies actively focusing on innovation to maintain their market positions. An illustrative example is Andritz AG, an Austria-based technology company, which, in January 2021, introduced the ExTS-616 and ExTS-718, two new twin-screw extruders designed for the pet food and aquafeed industries. These extruders are tailored to process viscous, greasy, sticky, or highly wet products, making them particularly well-suited for the extrusion of pet food with high proportions of fresh meat, meat slurries, and low-starch fish feed. Notably, these new extruders are fully compatible with the expansion control system (ECS) and Andritz Flextex technology, offering efficient management of the energy consumed during the extrusion process.

Major players in the pet food extrusion market are strategically developing high-capacity output equipment, such as extruders, to meet the escalating demands in the food and pet food industries and gain a competitive advantage. An extruder is a machine designed to process and shape various materials by forcing them through a die to create a continuous profile or product. In August 2021, GEA, a Germany-based leading supplier of systems and components, unveiled the xTru Twin 140 extruder, specifically designed for high-capacity output in the food and pet food industries. This advanced extruder boasts up to a 40% increase in capacity while maintaining the same efficiency, quality, and footprint as previous models. The technology is adaptable, allowing for retrofitting to older machines and application to other models in the xTru Twin series. The extruders provide flexibility for the production of a variety of products, including snack pellets, breakfast cereals, and dry pet food. The xTru Twin 140, in particular, achieves a production capacity of over 3 tons of pellets and 10 tons of pet food kibbles per hour, showcasing its efficiency and high output capabilities.

In April 2022, Marel, an Icelandic machinery manufacturing company, completed the acquisition of Wenger Manufacturing for a total of $540 million. This strategic acquisition marks a significant addition to Marel's business strategy, introducing a new industry sector-pet food processing-to complement its existing focus on poultry, meat, and seafood industries. Wenger Manufacturing Inc., based in the United States, specializes in manufacturing extrusion cooking systems designed specifically for the production of pet foods.

Major companies operating in the pet food extrusion market report are Nestle S.A., Mars Petcare Inc., Andtriz AG, The J.M. Smucker Company, Ingredion Incorporated, SunPring, Buhler Industries Inc., Pavan Group, Reading Bakery Systems Inc., Clextral SAS, Brabender GmbH & Co. KG, Baker Perkins Ltd., Lindquist Machine, American Extrusion International, Nanjing Haisi Extrusion Equipment Co. Ltd., Diamond America Corporation, Doering Systems Inc, Coperion Ideal Private Limited, The Bonnot Company, IDAH Company, Shandong Loyal Industrial Co. Ltd., Kairong Group, Kahl Group, Wenger Manufacturing Inc., Triott Group.

North America was the largest region in the pet food extrusion market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet food extrusion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the pet food extrusion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The pet food extrusion market consists of revenues earned by entities by providing steam-induced and co-extrusion. The market value includes the value of related goods sold by the service provider or included within the service offering. The pet food extrusion market also includes sales of extruded pellets, biscuits, and kibbles. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Pet Food Extrusion Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on pet food extrusion market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for pet food extrusion ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pet food extrusion market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Nestle S.A.; Mars Petcare Inc.; Andtriz AG; The J.M. Smucker Company; Ingredion Incorporated
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.