Dry Pet Food Production in the US - Industry Market Research Report
Description
Dry Pet Food Production in the US
Over the past five years, dry pet food producers have faced declining revenue, despite a spike in the total number of pets in the US as consumers sought companionship amid COVID-19 lockdowns. Supply issues for the industry's inputs made domestic production more expensive and encouraged overseas competitors to significantly boost their export volumes to US markets, bringing massive year-over-year increases in imports and intensified competition between producers. A strong rise in the total number of producers in the US brought even more competition, pressuring the industry's companies to drop prices and absorb a slight decline in revenue. Industry-wide revenue has been sinking at a CAGR of 0.9% over the past five years and is expected to total $15.5 billion in 2023, when revenue will stagnate.
The Dry Pet Food Production 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.
Over the past five years, dry pet food producers have faced declining revenue, despite a spike in the total number of pets in the US as consumers sought companionship amid COVID-19 lockdowns. Supply issues for the industry's inputs made domestic production more expensive and encouraged overseas competitors to significantly boost their export volumes to US markets, bringing massive year-over-year increases in imports and intensified competition between producers. A strong rise in the total number of producers in the US brought even more competition, pressuring the industry's companies to drop prices and absorb a slight decline in revenue. Industry-wide revenue has been sinking at a CAGR of 0.9% over the past five years and is expected to total $15.5 billion in 2023, when revenue will stagnate.
The Dry Pet Food Production 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.
Table of Contents
53 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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