Pet Food Extrusion Market

Pet Food Extrusion Market Size, Growth, Trends and Forecast:

The Pet Food Extrusion market was assessed at USD 55.22 billion in 2021 and is anticipated to reach over USD 72.65 billion by the end of the assessment period with a CAGR of 5.6% throughout the conjecture period (2022 - 2027).

Food extrusion is a form of expulsion used in food processing by which a set of mixed components is applied through an opening in a perforated plate or die with a specific food project, then drawn to a size defined by blades. The equipment that forces the mix through the perforated plate is an extruder, and the mix is ​​known as an extrudate. The extruder includes huge rotating screws that fit securely into a stationary barrel at the end of it. Industries are widely instilling the use of food extrusion due to growing demand, from the humanization of pets to the growing population of pets.

Impact of covid-19 on Pet Food Extrusion Market:

Agriculture is the backbone of any economy. It is the primary sector that generates employment so that the entire circle of economic circulation continues. For instance, when we talk about the Indian economy, the majority of the population is limited to this sector. With the pandemic underway, the livelihoods of all farmers and people involved in this sector are at high risk. Key authors and researchers have said there could be a food crisis unless steps are taken quickly to protect the most vulnerable food supply chains. Lack of labor availability has hampered operations in many regions. Consequently, the shortage of migrant labor has led to a sharp increase in daily crop wages. Some parts of agriculture that have the luxury of implementing harvesting technologies, such as rice and wheat, are relatively more isolated, as they often do not have to rely on large numbers of labor. Agricultural prices have plummeted due to lack of access to markets, including disruption of transport and closing of borders. Increased labor costs and lack of access mean that farmers face large losses and thus allow crops to rot in the fields, a better loss stop mechanism.

Recent Developments:

1. In May 2020, International pet food producer United Petfood has announced the signing of a letter of intent for the acquisition of Jonker Petfood in Waalwijk, The Netherlands. The acquisition of the fourteenth production site of this Belgian family business is part of its planned growth strategy.
2. In March 2020, C.J. Foods, a manufacturer of specialty dry pet foods for premium American brands, has completed its acquisition of pet food manufacturer American Nutrition. C.J. Foods has been a holding company of J.H. Whitney Capital Partners since June 2014. American Nutrition (ANI) is one of the world's largest manufacturers of canned and baked premium pet food and treats.
3. In September 2018, Roquette, world leader in plant-based ingredients for the Food, Nutrition and Health markets and pioneer of new plant proteins, announced the acquisition of a facility specialized in the extrusion of plant proteins.
4. In May 2018, ProAmpac, one of the largest flexible packaging companies in the United States, has announced the acquisition of Gateway Packaging Company (Gateway), a flexible packaging and technical products company based in White House, Tennessee. Gateway is one of the largest manufacturers of pet food packaging in North America.
5. Blue Buffalo will donate to General Mills Inc. the first brand of natural pet food and the first brand of pet food online, said Jeffrey L. Harmening, president and CEO. A March 21 earnings conference call with investment analysts offered Harmening his first opportunity to publicly elaborate on the thinking behind the acquisition of Blue Buffalo, first announced on February 23.

Drivers and Restraints of Pet Food Extrusion Market:

Demand for Pet Food Extrusion is expected to increase due to factors such as the growth of pet adoption, the humanization of pets, and rapid urbanization in developed countries. Along with the increase in the pet population, the global industry has also grown due to the increasing expenses of pet owners for various pet food products. Pet owners consider their pets to be part of the family and provide pet food products; these are the most important factors that have a positive impact on the demand for high quality extrusion pet food with high nutritional value. However, few strict regulations regarding ingredients used in extrusion pet food can hinder the growth of the extrusion pet food market during the review period. The demand for Pet Food Extrusion equipment is also increasing markedly due to several advantages.

Therefore, the pet food extrusion equipment market is expected to experience significant growth during the period considered. The increasing demand for extrusion pet food has fuelled the demand for pet food extrusion equipment as it improves the quality of pet food, as well as the benefits of physical fitness and sizing, which helps meet the demand for premium and super premium food products for long-lived pets. The growing acceptance of pet adoption and the rapid development of emerging economies are driving growth in this market. However, the lack of knowledge of the type of food served because the immune power varies in each animal can be a problem for various allergic diseases. This in turn hinders market growth. The growth of the pet population and the humanization of pets are some of the factors that should stimulate growth in this market.

PET FOOD EXTRUSION MARKET REPORT COVERAGE:

Pet Food Extrusion Market Segmentation:

Pet Food Extrusion Market By Type:

• Treats
• Complete Diets

Pet Food Extrusion Market By Animal Type:

• Birds
• Fish
• Cats
• Dogs

Pet Food Extrusion Market By Equipment Type:

• Twin Screw
• Single Screw

The Pet Food Extrusion market can be segmented into type, animal type and equipment type. The growing demand for nutrient-rich extruded balanced foods has fueled growth across the entire diet segment. The entire diet segment is subdivided into dry and semi-wet pet food products. Expanded dry pet food is the most important segment, which is expected to grow at a higher annual growth rate during the forecast period. The increasing demand for premium and super premium pet products and the benefits of dry pet food, such as a longer shelf life, have stimulated demand for this sub-segment in recent years. During the forecast period, the single screw extruder segment is expected to grow to the highest CAGR in the global pet food extrusion equipment market in terms of value and volume. Various advantages, such as the low capital cost and simplicity offered by single screw extruders, have spurred growth in this segment in recent years. A single screw extruder offers simplicity and ease of operation, while a twin screw extruder offers versatility and flexibility. Low investment cost and ease of maintenance are some of the main factors responsible for the high demand for single screw extruders.

Regional Analysis:

The Pet Food Extrusion Market has been categorized on geography into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. North America with developing economies such as the United States and Canada, occupies an important part of the worldwide pet food extrusion market. Growth in the North American market is due to the rise in pet adoption and the growing trend toward humanization of food extrusion for pets. Active developments by dominant players in the United States and Canada also play an important role in exploiting the pet food extrusion market in North American countries. The leading manufacturers of pet food equipment are Pets are concentrated in this region, due to the number of key pet’s food players and the high demand for extrusion pet food in countries like the United States and Canada. In this region, pet owners consider their pets to be part of their family and therefore demand pet food that guarantees nutritional benefits, improves immunity and digestibility, as well as animal safety. These are some of the main drivers of the increase in the use of extrusion pet products in North America.

Leading Company:

Mars had the largest share of the global Pet Food Extrusion Market in terms of sales and revenue in 2017.

Key Players:

The global Pet Food Extrusion Market is concentrated with key players like The J.M. Smucker Company, Mars, Andritz, Nestle, Buhler, American Extrusion International, Brabender, Doering Systems, Coperion, Baker Perkins, Kahl Group, The Bonnot, Diamond America, Pavan, Lindquist Machine, and Clextral.