Pet Food Extrusion Market Projected to Reach $72.64 Billion by 2022

12/apr/2019 11:07:33 MarketsandMarkets Contatta l'autore

The pet food extrusion market studied in this report involves the market coverage of extruded pet food and pet food extrusion equipment. The pet food extrusion market is  projected to grow at CAGR of 5.6% over the next five years, to reach USD 72.64 Billion by 2022.

The years considered for the study are as follows:

  • Base year: 2016
  • Estimated year: 2017
  • Projected year: 2022
  • Forecast period: 2017–2022

Pet Food Extrusion Market

Objectives of the study are as follows:

  • To define, segment, and project the global extruded pet food products market size based on type, ingredient, animal type, and region
  • To define, segment, and project the global pet food extrusion equipment market size based on type, process, and region
  • To provide detailed information on the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze market opportunities for stakeholders and market leaders
  • To the market of its submarkets, in terms of value and volume, with respect to the regions (with key countries)

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By type, the complete diets segment is estimated to be the largest in 2017 in the extruded pet food products market

The complete diets is the largest share of the extruded pet food products market in 2017. The complete diets segment is further sub segmented into the dry expanded and semi-moist pet food products. CAGR during the forecast period. Growth in demand for this subsegment over the past years

By type, single screw extruder is projected to the fastest growing segment during the period in the pet food extrusion equipment market

During the forecast period, the single screw extruder segment is projected to grow at the highest CAGR, in the pet food extrusion equipment market, in terms of value and volume. Various benefits such as low-cost capital and simplicity offered by single screw extruders have been driving the growth of this segment over the last few years. A single screw extruder offers simplicity and ease of operation, whereas a twin-screw extruder offers versatility and flexibility. Low capital cost and easy maintenance.

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South America and Asia Pacific are fast-growing markets for extruded pet food and pet food extrusion equipment

The South American market is projected to grow at the highest CAGR during the forecast period followed by Asia Pacific region in both the markets. Countries such as Argentina, India, and China are expected to be the leading emerging food markets as well as pet food extrusion equipment. The growth and growth of e-commerce channels and demand for premium and super premium products coupled with the trend of humanization are expected to drive market growth in these regions.

Key Players

The market for pet food extrusion equipment is dominated by key players such as Andritz (Austria), Buhler (Switzerland), Clextral (France), Pavan (Italy), Diamond America (US), Lindquist Machine (US), The Bonnot (US ), Kahl Group (Germany), Baker Perkins (UK), Coperion (Germany), Doering Systems (US), Brabender (Germany), and American Extrusion International (US) while dominated by Mars (US), Nestle (Denmark), and The JM Smucker Company (US).

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