Title: Pet Food Processing Market - Forecast(2021 - 2026)
1Pet Food Processing Market - Forecast(2021 - 2026)
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- Pet Food Processing Market size is valued at
3.81Bn in 2019 and is anticipated to grow at a
CAGR of 4.1 during the forecast period
2020-2025. The Pet Food Processing Market growth
rate is attributed to the increase in awareness
regarding consumption of natural and organic pet
food products which has led to a shift in the
focus of manufacturers for production of natural
food products. - There has been a rise in trend for families on
adoption of dogs as companions has resulted in an
increase in the number of people owning dogs
thereby, feeding them with premium food.
Implementation of laws for ensuring the overall
wellness and safety of pets and the involvement
of various non-governmental bodies to promote the
usage of various healthy and safe ingredients
like organic food components by manufacturers
thereby regulating the manufacturing process is
anticipated to propel the Pet Food Processing
Market during the forecast period 2020-2025.
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- Key Takeaways
- North America dominated the Pet Food Processing
Market with a share of 42 in the year 2019. - The factors such as rising acceptance of pets
across various regions along with the growing
trend of product premiumization amid pet food
producers are amongst the major factor projected
to impel the growth of Pet Food Processing
Market. -
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By Distribution Channel- Segment Analysis Based
on equipment type, baking drying equipment
segment held the major share of the market in
terms of revenue and is estimated to grow with a
CAGR of 3.8. The reason is set to be attributed
to satisfy the demand of the customers, which
offers the ability to add shelf-life to any
products without utilizing any preservatives or
additives. Baking Dryingis believed to rise
effectively as changing demands from customers,
who continue to look up for this processing
technique as advancements are made to retain
nutritional content as well as energy efficiency
which is anticipated to further expand the
consumption rate over the projection period of
2020-2025 as manufacturers are trying to adopt
the technique for specialty high-margin products.
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- Pet Food Processing Industry Outlook
- ANDRITZ AG
- Clextral SAS
- Buhler AG
- Baker Perkins Ltd.
- The Middleby Corporation
- Automated Process Equipment Corporation (APEC)
- Mepaco Group
- Precision Food Innovations
- Smith Corporation
- Fusion Tech Integrated Inc.
- and others.
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Pet Food Processing Market - Forecast(2021 -
2026) Learn More About the Report _at_
https//www.industryarc.com/Research/Pet-Food-Proc
essing-Market-Research-504464
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
- Purchase Full Report _at_ https//www.industryarc.com
/Research/Pet-Food-Processing-Market-Research-5044
64
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