Good eats: Rising disposable income will encourage more Canadians to purchase pets and pet food products
Canadian animal feed production, which produces feed for livestock and household pets, has grown due expanding downstream markets, bolstered by rising domestic demand for pet food and global demand for feed exports. These sources have maintained industry growth despite disruptions caused by COVID-19, with a rise in pet ownership during the pandemic furthering supporting industry performance. Industry revenue will rise at a CAGR of 3.9% to $13.6 billion through the end of 2023, including a 1.9% increase in 2023 alone as spending on pet food remains elevated.
The Animal Feed Production industry in Canada processes raw ingredients into food for animal livestock and pets. The products are packaged and sold to cattle ranches, dairy farms, other animal-production farms, grocery wholesalers and retailers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Nutreco NV
Methodology
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