Market Leader - Pet Food Extrusion Market
The global extruded pet food products market is estimated to be valued at USD 51.41 Billion in 2016 and is projected to reach USD 71.47 Billion by 2022, at a CAGR of 5.7% during the forecast period. The global pet food extruder equipment market is projected to reach USD 1.17 billion by 2022, at a CAGR of 4.0% during the forecast period. The key players in the pet food extrusion market include the players from the extruded pet food products market and the pet food extruder equipment market. These include Andritz, Bühler, Pavan, Nestlé, The J.M. Smucker, Diamond America, Mars, Lindquist Machine, The Bonnot, Kahl Group, Baker Perkins, Coperion, Doering Systems, Brabender, and American Extrusion International. These key players focused on various business strategies such as expansion, acquisitions, new product launches, rebranding, and collaborations to increase their market presence.
Major players in the pet food extrusion market are making efforts to diversify their business in Asia Pacific and South American regions due to enormous growth potential in countries such as India and Argentina, where key players can explore a vast amount of ingredients such as grains and vegetables along with animal derivatives coupled with factors such as the growing pet adoption rate and increasing income levels of the population in these regions.
In the pet food extruded products market, Mars is one of the leading players that has a robust position in this market. It is also engaged in the production and marketing of pet care products. This company offers a variety of extruded pet food products brands such as Pedigree, Nutro, and Greenies that have found significant popularity in the pet food industry. The company serves to more than 74 countries. The wide geographical reach and robust distribution network across the world have aided this company to be one of the strongest participants in the extruded pet food industry. Further, acquisition is the key strategy adopted by Mars which helped this company to expand its business worldwide. For instance, in November 2014, Mars acquired Procter & Gamble’s (US) pet food brands, named IAMS and EUKANUBA brands in Australia and New Zealand. The acquisition enhanced the product portfolio of Mars and aided in strengthening its presence in Asian markets.
Andritz is one of the top companies in the pet food extruder equipment market. It is a global leading supplier of plants, equipment, and services for animal feed. In addition, the company operates over 250 production sites, providing services and sales across the Asia Pacific, the Americas, Europe, and Africa. This company offers extruders (type EX1250, type EX1021, type EX617, and EX620), which are advanced technologies for the production of extruded pet food products that offer optimum solutions for specific needs in pet food production. The company has a diverse geographic presence with operations in over 40 countries, globally. Andritz also has adopted acquisition as its key strategy to maintain and strengthen its leading position in the global pet food extruder equipment market. For instance, in April 2013, Andritz acquired Shanghai Shende Machinery (China), a provider of feed and biomass technologies and solutions. Through the ownership of Shende, Andritz enhanced the development of Shende technologies and services to its customers and made the investments needed to further support the growth of Shende in the Chinese domestic market.
Related Reports:
Pet Food Extrusion Market by Extruded Pet Food Products (Type (Complete Diets and Treats), Animal Type (Dogs, Cats, Fish, and Birds), and Ingredient), by Pet Food Extruder Equipment (Type (Single and Twin Screw), and Region - Global Forecast to 2022
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