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.
Log in or subscribe to read the entire May 2016 Petfood Industry digital edition, with analysis and profiles on each of the world’s top 40 pet food manufacturers.
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.