Pet Food Manufacturing
First Research, April 2013, Pages: 10
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Brief Excerpt from Industry Overview Chapter:
Companies in this industry manufacture food for dogs and cats, using grains, oilseed products, and meat products. Major companies include divisions of Colgate-Palmolive (Hills Pet Nutrition), Del Monte (9Lives, Gravy Train, Milk-Bone, and Meow Mix), Mars (Pedigree and Whiskas), and Procter & Gamble (Iams), all based in the US, along with Nestlé (Switzerland), Royal Canin (France), and Witte Molen (the Netherlands).
Global pet food sales exceed $65 billion per year, according to the Italian Pet Food and Pet Care Association. That figure is expected to rise to more than $95 billion in 2017. The top four markets for pet food imports -- Japan, the US, Canada, and the European Union -- account for about 60 percent of total global imports. Emerging markets account for around 30 percent of import demand.
The US pet food manufacturing industry includes about 200 companies with combined annual revenue of about $21 billion. Industry demand is expected to be moderate for the next two years. Demand drivers include the growth in pet ownership in the US and the increase in the amount of money pet owners spend on pets and pet care.
COMPETITIVE LANDSCAPE
Pet ownership drives demand. The profitability of individual companies depends heavily on effective marketing. Large companies have advantages of scale in manufacturing, marketing, and distribution. Small companies can compete effectively by offering specialized products or by serving a local market. The US pet food manufacturing industry is highly concentrated: the...
1. Industry Overview
2. Quarterly Industry Update
3. Business Challenges
4. Business Trends
5. Industry Opportunities
6. Call Preparation Questions
7. Financial Information
8. Industry Forecast
9. Web Links and Acronyms
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