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.
Pet owners want a lot from their pet food brands. They want primary proteins that suit what they believe is best for their animal. They want grains or they don't. They want something customized, but it has to be easy to understand.
Constraints and crises, like those experienced in 2020, help drive innovation and sustainability offers context.