Petfood Industry’s annual Top Pet Food Companies issue highlights the shifts within the world’s pet food industry that have taken place over the past year.
As a whole, the world’s top 40 pet food companies that made the list earned nearly US$46 billion in annual revenue in 2015. Once again, the major earners–Mars Petcare and Nestle Purina PetCare–ranked No. 1 and No. 2 with US$17.224 billion and US$11.917 billion, respectively, in 2015 annual revenue.
Like Mars and Nestle, a majority of the top companies are based in the US. While one of the major US players from 2014, P&G Pet Care, sold its pet food business and exited the market, another US company now ranks on the list as a result. After acquiring P&G’s European pet food businesses at the end of 2014, including the Iams and Eukanuba brands, Spectrum Brands/United Pet Group brought in US$800 million in annual revenue in 2015 to sit at No. 7 on the Top Companies list.
Newly ranking in the Top 10 for 2015 was Japan-based Unicharm, which drew US$722.6 million in annual revenue in 2015–notably higher than its 2013 revenue of US$268.8. Unicharm’s significant growth over the past two years highlights the growth in Asian pet food market as a whole, which, according to Euromonitor International data, ranks among the highest rate around the world for 2015.
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