… The Pet Food Industry. Pet owners globally spent a total of $92 billion on pet care in 2012; almost three quarters ($67b) was on dog and cat food; petfood is a large category globally Source: Euromonitor; Coriolis analysis & … At the PFMA we focus on providing pet owners and professionals with information on wet, dry and raw prepared pet food and good nutrition. The Middle-East and Africa pet food industry is highly concentrated with ten major players together accounting for more than 50% of the market share and remaining market share distributed among a large number of small manufacturers. Over the recent decades, increasing urbanization has resulted in the growth of nuclear families or single person households where there is an increasing need for companionship in the form of pets. Commercial dog food comes in the dry form or a wet canned form. This is projected to drive … The Food and Drug Administration (FDA) regulates that can of cat food, bag of dog food, or box of dog treats or snacks in your pantry. The pet industry is not only attractive for retailers but also for service businesses. There was a steep increase in demand over the recent years as the number of pets has grown to 312.1 million . But the pet food industry has used this year to prove its ability to adapt and grow when faced with shifting demands, supply chain disruptions, and the loss of marketing opportunities. The mission of the Association is to promote standards of excellence in the development of the pet food industry through: consideration of the needs of pets and the community; active promotion of the benefits of responsible pet ownership; and The global pet food market was worth $94bn in 2017, with compound annual growth rate (CAGR) of 5% from 2010 to 2017, compared with retail sales in the packaged food market for people, which … That growth has garnered the attention of investors and some large human food manufacturing companies. The future of the pet food industry looks very promising, according to a research report on pet food market predicts that the industry would register a CAGR of 4.1per cent in the period of 2016-2022. The shift towards healthier food products and availability of customizations is on a rising trend among the gourmet pet food industry. FEDIAF welcomes new … The pet food industry is one of those industries, which has been performing well, despite the economic downturn. Pet Food Industry Pet food manufacturers. While the forecast is healthy across the board, certain segments in the pet industry are seeing a significant amount of growth. Dry dog pet food is the most significant and fastest-growing segment, mainly due to the convenience of storage and low price. Premiumized and natural pet food is becoming increasingly popular as they are mainly formulated by using high quality and natural ingredients and are also free from preservative ingredients. Both General Mills with the acquisition of Blue Buffalo and J.M. 19 Pet Food Industry Controversies (and why it should matter to all of us) The total estimated value of the animal feed industry in 2016 was a staggering $460 billion in annual revenue . Read more. In its 2020 State of the Industry report, Pet Food Processing looks back at the industry’s progress and ahead at its promising future. Merrick Pet Care was one of the industry's fastest growing natural and organic specialty pet food producers. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. New pet food industry careers are added daily on SimplyHired.com. Dog ownership is the leading reason why the pet food industry is booming. Regional Outlook: North-America leads the global market for gourmet pet food. In the big picture, the US pet food and treat industry continued to grow in 2019. Small mammals and exotic pets, especially lizards, used to be top-of-mind pet choices in Hong Kong. Welcome to The Pet Food Industry Association of Southern Africa (PFI) – an industry body dedicated to upholding quality standards and safety in pet nutrition through regular, regulation testing. Although most are free-range dogs, dog pets are still a favorite among pet owners in the world. The global pet food industry is segmented based on pet type, food type, sales channel, and geography. And this is the prime factor driving the growth of the bags in the pet food packaging industry. According to The American Pet Products Association, almost 85 million households have a pet and over the last 30 years pet … PET FOOD INDUSTRY . The pet industry has been experiencing explosive growth. The PFMA is the leading trade body for the UK pet food industry and our 87 members account for over 90% of the market. U.S. consumer expenditure has gradually increased year-on … Along with the rise in the 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. The global pet food industry is expanding rapidly on account of the rising empathy towards pets which is leading to their increased adoption. Pet food manufacturers are committed to providing pet parents with pet food options that go beyond what is typically represented on the grocery aisle, through innovative formulation, processing, and ingredient technologies. An eye opener, on a subject rarely exposed. May 2020. The global pet food market size is expected to reach USD 113.08 billion by 2025, as per a new report by Grand View Research Inc. Packaged pet food provides standard nutritional value required in pet’s daily life. With almost over 900 million dogs in the world, the dog food industry takes the reins as the one driving of the pet food industry. Pet Food Market Growth & Trends. Pet industry expenditure in the United States was forecast to reach approximately 99 billion U.S. dollars in 2020. According to industry trends and projections, the pet business will continue to boom unabated in the future. There are over 1,559 pet food industry … scansteel foodtech A/S is among the leading companies globally in designing, engineering, manufacturing, installing, and servicing single machines and equipment as well as complete preparation processing lines for the global wet and dry pet food industries. The US pet food market is expected to reach more than $30bn in 2022. Dublin, Aug. 17, 2020 (GLOBE NEWSWIRE) -- The "Organic and Natural Pet Food Market: Global Industry Trends, Share, Size, Growth, Opportunity … See salaries, compare reviews, easily apply, and get hired. Pet food is defined as any commercial feed that is prepared and distributed for consumption by pets.It is usually specific to the type of animals such as dog food, cat food, etc. The European pet food industry provides a range of carefully prepared products to help ensure long, healthy and active lives of million pets in Europe, which are cared for in around 62 million pet keeping households. Find industry analysis, statistics, trends, data and forecasts on Pet Food Production in the US from IBISWorld. For instance, according to the APPA, the total US pet industry expenditure increased from USD 48.35 billion in 2010 and stood at USD 72.56 billion in 2018. Get up to speed on any industry with comprehensive intelligence that is easy to read. Leftovers from the human industry may also be used in the product through a process called rendering. Historically, the excessive reduction has increased seal failures. 1,559 pet food industry jobs available. The pet food industry, which is projected to grow to a gargantuan $200b value globally by 2025, is undergoing massive change as the brands shift and adapt to many of the same ecommerce trends that are rocking the traditional CPG industry.. From emerging direct-to-consumer brands that challenge big pet retailers to a boom in delivery demand accelerated by COVID-19, the pet food industry … The Pet Food Industry Association of Australia was established in September 1972. One factor driving demand for processing equipment as well as production improvements in the pet food and treat industry is the Food and Drug Administration’s Food Safety Modernization Act Preventative Controls for Animal Food rule. Membership of the PFI is not compulsory for all pet food suppliers within South Africa. The global ped food industry is booming, while the top 10 largest pet food manufacturers in the world are dominating the market. The low-stress way to find your next pet food industry job opportunity is on SimplyHired. Stable growth Since 1958, PFI has been the voice of the makers of U.S. cat and dog food. Dry dog pet food contains 6–10% moisture by volume, as compared to 60–90% in canned food. Based on the type of pet, the market is segmented into dogs, cats, and other pets. Other Pet Food in Hong Kong, China. The gourmet pet food industry is highly influenced by the trends and preferences in the human food market. Apart from novelty, they managed to strike a balance between children’s desire for pet ownership and parents’ concerns over lack of space and budget. An in-depth look at the commercial pet food industry, the total lack of oversight, and what nutritional requirements cat and dogs actually have, compared to what they are being served. Latest news. Driven by an active and dedicated membership, PFI is the industry's public and media relations resource, representative before state and federal agencies, organizer of seminars and educational programs, sponsor of and clearinghouse for research, and liaison with other organizations. The difference between the two types is the moisture content. 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