Pet Food Production
The Pet Food Production industry has fared well over the past five years. An increase in pet ownership has coincided with a growing tendency to treat pets as members of the family, thereby encouraging the purchase of higher-priced premium pet food products that are marketed as possessing special benefits, formulations or specialized ingredients. An expected decline in commodity input costs from the agricultural sector in 2018 is expected to drive industry operators to cut their sales prices, increasing volume while preserving margins. During the current period, pet parenthood has become more prevalent among consumers. Indeed, as birth rates have continued to decelerate, pet ownership has served as an alternative to outright parenthood. Pet ownership is projected to continue to grow over the next five years, partly driven by rising disposable income, which will enable more consumers to afford to own and care for pets.
This industry primarily manufactures dog and cat food. Common ingredients include grains, oilseed mill products and meat products. This industry concentrates on dry and semi-moist dog and cat foods in cans or packaged otherwise. Feed for farm livestock is not included.
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.