Research and Markets added a new "Pet Food Manufacturing" report to its offerings, which found that the US petfood manufacturing industry's nearly 200 companies bring in a combined annual revenue of about US$47 billion.
Major companies noted in the report include divisions of Nestle (Nestle Purina PetCare Co.); Procter & Gamble (Iams); Colgate-Palmolive (Hill's Pet Nutrition); Mars (Pedigree and Whiskas); and Del Monte (9Lives, Gravy Train, Milk-Bone, and Meow Mix). The petfood industry is very competitive and highly concentrated, according to the report, with the eight largest companies accounting for about 85 percent of sales. Major petfood products are dry and canned dog and cat food: Dry dog food accounts for about 45 percent of industry revenue and canned cat food for about 25 percent.
Other key topics covered in the report include an industry overview, business trends and challenges, industry forecasts and opportunities, and financial information. The full report can be purchased online.
Public meetings invited comments and provided updates
The intent was to educate regulators and industry about the Model Pet Food Regulations
Committees discussed key proposals such as a possible shift in the oversight of animal feeds
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
While petfood shoppers continue to show strong brand loyalty, pet products have not been immune to the store brand swing
As an industry, are we missing a huge opportunity to take advantage of another aspect of the human-pet bond?
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