Food & Beverage Market Research News

Global pet food extrusion market to reach $72.69 billion by 2024

Food & Beverage Market Research

The global pet food extrusion market is expected to reach USD 72.69 billion by the year 2024, at a CAGR of 5.6% during the forecast period.

The global pet food extrusion market comprises of global extruded pet food products market and pet food extrusion equipment market. The demand for extruded pet food products is projected to be on the rise, owing to factors such as the growth in pet adoption, pet humanization, and rapid urbanization in the developed countries.

Along with the increase in pet population, the global pet food industry has also been expanding owing to the increasing expenditure of pet owners on a variety of pet food products.

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Key pointers in the report include:

  • Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis & PESTLE analysis to perform to analyze the impact of drivers, restraints, challenges, and constraints on the market during the next five years.
  • Team of analysts has analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals which will specify the emerging scope of the market in end-user industries.
  • Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
  • Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each and every segment of the market.
  • A complete 360-degree analysis is provided in the report on key companies’ product portfolio, business portfolio, developmental strategies, and key developments from the companies in the historical period.
  • Advanced customizations on countries, specific applications in end-user industries, product based customizations will be provided based on the request.
  • All the collected data is further validated and verified using surveys, interviews, and interactions with industrial experts.

Global Pet Food Extrusion Market Top Players

  • Mars, Incorporated
  • Nestle
  • Andritz
  • The J.M. Smucker Company
  • Buhler
  • Baker Perkins

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