Dublin, March 22, 2021 (GLOBE NEWSWIRE) -- The "Pet Food Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global pet food market as it emerges from the COVID-19 shut down.
The global pet food market is expected to grow from $72.07 billion in 2020 to $75.29 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $90.32 billion in 2025 at a CAGR of 5%.
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Where is the largest and fastest growing market for the pet food? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Pet Food market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider pet food market, and compares it with other markets.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
Market segmentations break down market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
The pet food market section of the report gives context. It compares the pet food market with other segments of the animal and pet food market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, pet food indicators comparison.
Major companies in the pet food market include Mars; Nestle S.A.; The J.M. Smucker Company; Colgate-Palmolive Company and Diamond Pet Foods Inc.
The pet food market consists sales of goods and services by entities (organizations, sole traders and partnerships) associated with manufacturing cat and dog food and other animal food from ingredients such as grains, oilseed mill products and meat products. The industry includes the establishments that produce dog food, cat food, and other animal food. Other animal includes birds, mammals and aquatic animals. This market does not include agricultural animal food. The pet food market is segmented into dog and cat food and other pet food.
North America was the largest region in the global pet food market, accounting for 38% of the market in 2020. Western Europe was the second largest region accounting for 22% of the global pet food market. Middle East was the smallest region in the global pet food market.
Pet food manufacturing companies are using automation technologies such as advanced production lines and software solutions to improve safety and operational efficiency. These technologies automate formulation, batching, drying, coating and liquid delivery processes. This results in cost-effective processing and consistent product quality. For example, Champion Petfoods, a Canadian producer of pet food, has video monitored production lines, with cooking processes connected through Rockwell hardware and software systems. It also uses bulk bins and conveying systems, votator heat exchangers and advanced extrusion and drying systems. United Pet Group's pet food manufacturing plant in St. Louis used FactoryTalk software from Rockwell Automation to reduce overtime by 10% and increase labor efficiency by 15%.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the pet food manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the pet food manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
The pet food manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Pet Food Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Pet Food Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Pet Food Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Pet Food Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Pet Food Market Trends And Strategies
8. Impact Of COVID-19 On Pet Food
9. Pet Food Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Pet Food Market Regional Analysis
10.1. Global Pet Food Market, 2020, By Region, Value ($ Billion)
10.2. Global Pet Food Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Pet Food Market, Growth And Market Share Comparison, By Region
11. Pet Food Market Segmentation
11.1. Global Pet Food Market, Segmentation By Type
11.2. Global Pet Food Market, Segmentation By Distribution Channel
11.3. Global Pet Food Market, Segmentation By Ingredients
12. Pet Food Market Segments
12.1. Global Dog And Cat Food Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Dog Food; Cat Food
12.2. Global Other Pet Food Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13. Pet Food Market Metrics
13.1. Pet Food Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Pet Food Market Expenditure, 2015-2025, Global
14. Asia-Pacific Pet Food Market
15. Western Europe Pet Food Market
16. Eastern Europe Pet Food Market
17. North America Pet Food Market
18. South America Pet Food Market
19. Middle East Pet Food Market
20. Africa Pet Food Market
21. Pet Food Market Competitive Landscape
21.1. Competitive Market Overview
21.2. Market Shares
21.3. Company Profiles
22.214.171.124. Company Overview
126.96.36.199. Products And Services
188.8.131.52. Financial Performance
21.3.2. Nestle S.A.
184.108.40.206. Company Overview
220.127.116.11. Products And Services
18.104.22.168. Financial Performance
21.3.3. The J.M. Smucker Company
22.214.171.124. Company Overview
126.96.36.199. Products And Services
188.8.131.52. Financial Performance
21.3.4. Colgate-Palmolive Company
184.108.40.206. Company Overview
220.127.116.11. Products And Services
18.104.22.168. Financial Performance
21.3.5. Diamond Pet Foods Inc.
22.214.171.124. Company Overview
126.96.36.199. Products And Services
188.8.131.52. Financial Performance
22. Key Mergers And Acquisitions In The Pet Food Market
23. Market Background: Animal And Pet Food Market
23.1. Animal And Pet Food Market Characteristics
23.2. Animal And Pet Food Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, By Segment, Value ($ Billion), Global
23.3. Global Animal And Pet Food Market, 2020, By Region, Value ($ Billion)
23.4. Global Animal And Pet Food Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
23.5. Global Animal And Pet Food Market, 2015-2020, 2020-2025F, 2030F, Segmentation By Type, Value ($ Billion)
24.1. Global Pet Food Market In 2025- Growth Countries
24.2. Global Pet Food Market In 2025- Growth Segments
24.3. Global Pet Food Market In 2025- Growth Strategies
25.1. NAICS Definitions Of Industry Covered In This Report
25.4. Research Inquiries
25.5. About the Publisher
26. Copyright And Disclaimer
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