Premium Pet Food Production in the US - Industry Market Research Report
Description
Premium Pet Food Production in the US
Premium pet food production is enjoying revenue growth driven by the quantity of pets, namely cats and dogs, in the United States, which boomed through the COVID-19 pandemic as consumers were shut in at home. Consumer preference has continued to move to premium pet food because of the growing availability of information on pet nutrition information and the humanization of pets, expanding demand. International trade boomed as large companies with globalized operations sought to most efficiently capture this growing demand, but smaller domestic producers were challenged by rising competition as import growth outpaced export growth. Industry-wide revenue has been growing at a CAGR of 2.8% over the past five years and is expected to total $13.6 billion in 2023, when revenue will climb by an estimated 3.2%.
Operators in the Premium Pet Food Production industry primarily includes businesses that produce premium pet food for cats and dogs. Products in this industry are differentiated by their higher margin nature, compared with traditional cat and dog food brands.
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.
Premium pet food production is enjoying revenue growth driven by the quantity of pets, namely cats and dogs, in the United States, which boomed through the COVID-19 pandemic as consumers were shut in at home. Consumer preference has continued to move to premium pet food because of the growing availability of information on pet nutrition information and the humanization of pets, expanding demand. International trade boomed as large companies with globalized operations sought to most efficiently capture this growing demand, but smaller domestic producers were challenged by rising competition as import growth outpaced export growth. Industry-wide revenue has been growing at a CAGR of 2.8% over the past five years and is expected to total $13.6 billion in 2023, when revenue will climb by an estimated 3.2%.
Operators in the Premium Pet Food Production industry primarily includes businesses that produce premium pet food for cats and dogs. Products in this industry are differentiated by their higher margin nature, compared with traditional cat and dog food brands.
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
50 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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