- Published: May 2015
- Region: Global
Pet Food Manufacturing
- ID: 1052520
- June 2015
- Region: United States
- 10 pages
- First Research
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 (Hill's 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 Affinity Petcare (Spain), Nestlé (Switzerland), Nutriara Alimentos (Brazil), Royal Canin (France), and saturn petcare (Germany).
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 230 companies with combined annual revenue of about $22 billion.
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 eight largest companies account for about 85 percent of sales.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include dog food, which accounts for about 60 percent of industry revenue, and cat food, which accounts for about 30...
Quarterly Industry Update
Call Preparation Questions
Web Links and Acronyms