The Animal Food Production industry in Canada has grown over the past five years, despite fluctuations in the price of animal feed. Rising input costs were largely absorbed by industry operators, passed on to downstream producers or offset by rising global demand for meat. The industry was also bolstered by a steady increase in demand for pet food brought on by an increase in pet ownership. The industry is expected to grow alongside demand for animal feed and pet food over the next five years. Rising disposable income will encourage more Canadians to purchase pets and pet food products. In particular, premium brands will benefit as consumers are better situated financially to pamper their pets. As a result, Canadian producers will increase their export of feed products.
This industry processes raw ingredients into food for animal livestock and pets. The products are packaged and sold to cattle ranches, dairy farms, other animal-production farms, grocery wholesalers and retailers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.