News

US petfood manufacturing industry annual revenue nearly US$47 billion, report says

Euromonitor International's Pet Food Manufacturing report now available from Research and Markets

The US petfood manufacturing industry is comprised of nearly 200 companies with a combined annual global revenue of about US$47 billion, according to the Pet Food Manufacturing report from Research and Markets.

Eight of the largest petfood companies account for about 85 percent of sales, the report says. Major companies include Nestlé Purina PetCare Company; Procter & Gamble's Iams; Colgate-Palmolive's Science Diet and Prescription Diet brands; Mars' Pedigree and Whiskas brands; and Del Monte's 9Lives, Gravy Train, Milk-Bone and Meow Mix brands. These large companies have advantages of scale in manufacturing, marketing and distribution, while small companies can compete effectively by offering specialized products or serving a local market, the report says.

The report also identifies dry and canned dog and cat food as the industry's major products. Dry dog food accounts for about 45 percent of industry revenue and canned cat food accounts for about 25 percent of the market.

The full report can be purchased online.