Dry Pet Food Production
The Dry Pet Food Production industry has prospered over the five years to 2019 due to growth in pet ownership and household incomes. The growth of these key industry drivers has coincided with a growing tendency for consumers to treat their pets as family members, encouraging owners to not only spend more on dry pet food but to increasingly purchase premium-priced specialty pet food, such as organic and natural products. These trends are expected to bolster revenue growth during the five-year period. Pet ownership is projected to continue trending upward over the next five years, partly driven by rising disposable income, which will enable more consumers to afford to own and care for pets. To keep pace with rising consumer demand, industry operators are expected to continue to develop and market formulas that boast advanced benefits for pets, which command premium profit.
This industry manufactures dry dog and cat foods, which are generally grain- and oilseed-based.
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.
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