Pet Food Processing Market Scope
The demand for pet foods is surging across Canada due to the increased adoption of pets. It is estimated that there are approximately 7.9 million cats and 5.9 million dogs in Canada. Approximately 35% of Canadian households have a dog, while 38% have a cat. Thereby, the demand for food processing machineries or plants is rapidly booming across Canada. In Canada, there are numerous pet food producing companies are operating. The growing demands of today’s pet food market require increasingly specialized knowledge, together with advanced processing technologies. For pet food processing, there are various machines are required from raw material intake to finished feed bagging – as a single unit or complete plant solution.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Canada Pet Food Processing market throughout the predicted period.
Andritz Group (Austria), Buhler Holding AG (Switzerland), The Middleby Corporation (United States), GEA Group (Germany), Reiser (Canada), Vancouver Food Machinery (Canada), Baker Perkins LTD. (United Kingdom), Clextral SAS (France), Precision Food Innovations (United States), Mepaco Group (Netherlands), Coperion GmbH (Germany) and F.N. Smith Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Reading Bakery Systems (United States), Probake (United States), Fusion Tech Integrated, Inc. (United States) and Automated Process Equipment Corporation (APEC) (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Canada Pet Food Processing market by Type (Mixing & blending equipment, Forming equipment, Baking & drying equipment, Coating equipment, Cooling equipment and Other (Vacuum Pumping and Stuffing Machines)), by Application (Dog food, Cat food, Fish food and Other (Pet Food for Tortoises, Rabbits, and Ornamental Birds)) and Region with country level break-up.
On the basis of geography, the market of Pet Food Processing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 16 Oct 2020, Schenck Process Group (SPG) has reached an agreement to acquire Baker Perkins, a leading global supplier of food processing equipment and aftermarket services for the bakery, confectionery, biscuit, cookie and cracker, breakfast cereal and pet food end-markets.
Market Drivers
- Growth of Premiumization across the Pet Food Category
- Rising Acceptance of Pets
- Rising Awareness among Pet Owners to Use Healthy Food with Proactive Ingredients
- Growing Investments by Pet Food Processing Equipment Companies
- Growing Demand for Extruded Products
Opportunities
- New Technologies Being Used in the Pet Food Processing Industry
- Reintroducing the Concept of Convenience Food through Supermarkets and Hypermarkets Will Help Boost the Pet Food
Restraints
- Depreciating Processing Capability of Equipment Used for Pet Food Processing
Challenges
- Presence of Various Regulations in the Pet Food Processing Industry
Key Target Audience
Pet Food Processing Equipment Manufacturers, Pet Food Processing Equipment Sub Component Manufacturers, Regulatory & Government Bodies, Upstream & Downstream Vendors, End Users and Others